Korean Job Discussion Forums

[nautilus]

Bureau of Labor Statistics
Friday, February 5, 2010

The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm
payroll employment was essentially unchanged (-20,000), the U.S. Bureau of
Labor Statistics reported today. Employment fell in construction and in
transportation and warehousing, while temporary help services and retail
trade added jobs.

Household Survey Data

In January, the number of unemployed persons decreased to 14.8 million,
and the unemployment rate fell by 0.3 percentage point to 9.7 percent.
http://www.bls.gov/news.release/empsit.nr0.htm

[mistermasan]

but nobody believed 10.0 amd nobody believes it is now 9.7

[Ya-ta Boy]

Ho hum. Either it doesn't fit the far right's narrative of impending doom (and if it isn't impending it darn well should be) and can be ignored like it didn't even happen or it doesn't fit the not-quite-but-darn-near-right's narrative that all government is evil and so the numbers are not to be believed since the government says it and only sheeple could be foolish enough to accept anything the gov't says.

So we can safely ignore yet another sign that things are getting slowly improving. That's not to say we shouldn't continue our fear-campaign.

[visitorq]

^ Or safer yet, we should all just ignore ya-ta boy's woefully uninformed opinion on the matter.

Real unemployment is currently above 19% (well above depression level), up from 17% a few months ago, and continues to get worse. Obama, being the worthless excuse for a president that he is, has no way of fixing it. All he knows how to do is give speeches and do what the criminal banks tell him.

[mises]

[mises]

[pkang0202]

[ontheway]

[ontheway]

[Ya-ta Boy]

Last winter at this time, things were teetering on the cliff. You guys all said whatever Obama wanted to do was wrong. This year, when things are clearly not nose-diving into the abyss, I am beginning to get whiffs of the stink of desperation from you guys.

I realize that whatever Obama does will continue to be wrong because it won't a) produce a recovery fast enough or b) if he had done what you wanted, then things would be much better than they ever have been in the entire recorded history of mankind.

One of my favorite people is Roger Ebert. He figured out that it makes sense to judge a person by what they set out to do. If a director sets out to make a horror movie, it makes no sense to judge them a failure for producing a great comedy just because that is what you were in the mood for. You should think about that.

The genius of Rush is that he expressed what you have been hoping for for the last year. You need Obama to fail to validate your desires.

Well, na, na, na, na, na.

[visitorq]

^ The only desperation I can detect is your ultra-lame attempt at mockery, even attaching that pitiful little "LOL" emoticon on the end...

Obama already has failed, as myself and other posters have shown (even cited sources). You're not fooling anyone. We all know the economy is in the toilet and continues to get worse. It's a simple fact.

[pkang0202]

[Kuros]

[Ya-ta Boy]

[Ya-ta Boy]

In addition:

These days it�s hard to pick up a newspaper or turn on a news program without encountering stern warnings about the federal budget deficit. The deficit threatens economic recovery, we�re told; it puts American economic stability at risk; it will undermine our influence in the world. These claims generally aren�t stated as opinions, as views held by some analysts but disputed by others. Instead, they�re reported as if they were facts, plain and simple.

Yet they aren�t facts. Many economists take a much calmer view of budget deficits than anything you�ll see on TV. Nor do investors seem unduly concerned: U.S. government bonds continue to find ready buyers, even at historically low interest rates. The long-run budget outlook is problematic, but short-term deficits aren�t � and even the long-term outlook is much less frightening than the public is being led to believe...

To me � and I�m not alone in this � the sudden outbreak of deficit hysteria brings back memories of the groupthink that took hold during the run-up to the Iraq war. Now, as then, dubious allegations, not backed by hard evidence, are being reported as if they have been established beyond a shadow of a doubt...

Consider, for example, what the latest budget proposal from the Obama administration says about interest payments on federal debt; according to the projections, a decade from now they�ll have risen to 3.5 percent of G.D.P. How scary is that? It�s about the same as interest costs under the first President Bush.

Why, then, all the hysteria? The answer is politics.

http://www.nytimes.com/2010/02/05/opinion/05krugman.html

Hysteria is not the prefered mind-set when trying to find solutions to a problem.