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Fun with the jobless report numbers. Enjoy.


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#1 pstall

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Posted 09 November 2012 - 10:22 PM

So in Oct per the Dept of Labor, 171k MORE jobs were added and unemployment went UP from 7.8 to 7.9?
In Sept 114k were added and unemployment went DOWN from 8.1 to 7.8?

What am I missing? These are facts and not some out of the air #'s.

#2 rodeo

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Posted 09 November 2012 - 11:19 PM

Maybe they added the jobs but nobody applied for them

#3 SZ James

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Posted 09 November 2012 - 11:25 PM

Unemployment.

How does it work?

#4 SZ James

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Posted 09 November 2012 - 11:30 PM

Unemployment= people looking for jobs

Jobs added= Jobs added

Do you not see how they aren't directly related or no?

#5 pstall

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Posted 09 November 2012 - 11:35 PM

explain

#6 SZ James

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Posted 09 November 2012 - 11:41 PM

You aren't considered unemployed unless you are looking for a job.

You can add a million jobs but if a gazillion jobless people get off the couch all of the sudden and start actively trying to get a job then the unemployment rate still goes up.

#7 pstall

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Posted 09 November 2012 - 11:57 PM

hmm. i might go back and look at the CPS breakdown. see if they are doing the old death/birth model for this. im just trying to guage the momemntum, if any, in the job report.
that is more or less all im focusing on the next few months to see how it's truly trending.

#8 ARSEN

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Posted 10 November 2012 - 12:06 AM

People still think unemployment rate is accurate?

#9 SZ James

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Posted 10 November 2012 - 12:06 AM

@pstall I thought you were a screenwriter?

#10 pstall

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Posted 10 November 2012 - 10:37 AM

yes iam. an umeployed one but employed financial guy.

i wonder if these #'s are factoring in the death/birth model.the ability to determine new businesses that are coming on board.

#11 SZ James

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Posted 10 November 2012 - 12:23 PM

^I see

Wasn't sure which it was. Seems like an odd combo.

#12 pstall

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Posted 10 November 2012 - 12:59 PM

if you know me, it makes perfect sense. lol


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