patrick.net

September 6, 2013, 9:02 AM

Unemployment Rate Drops for Wrong Reasons

The number of people employed fell by about 115,000. The only reason the rate declined is that the overall labor force dropped by a larger 312,000, a possible sign of discouraged long-term jobless dropping out.

The drop in the number of people employed may come as a shock, considering that the number of jobs in the economy rose last month. That’s because the number of jobs added to the economy and the unemployment rate come from separate reports. The number of jobs added comes from a survey of business, while the unemployment rate comes from a survey of U.S. households. The two reports often move in tandem, but can move in opposite directions from month to month.

Call it Crazy says

RECOVERY!!

FORWARD!!

Falling ... Backwards more like it.

http://blogs.wsj.com/economics/2013/09/06/unemployment-rate-drop-for-wrong-reasons/

Lazy Assholes!

Gerald Celente:"When people lose everything and have nothing left to lose - they lose it."

HEY YOU: "There is only one rule. Be careful who you piss off."

I'm going to sit on the sidelines,close to the field,& watch as events unfold.

Well I've rarely found an attorney who understands statistical analysis or the concept of standard deviation, so short snapshots of markets are probably a duck forte.

Poverty is what you see in Haiti and many countries in Africa. There is little real poverty in the USA. The vast majority of people who our government claims live in poverty in the USA have cellphones, TV, cars, free medical care, free schooling, and plenty of food to eat and a roof over their heads.

Good thing we bailed out the criminal banksters. If we didn't, then there would have been a record number of Americans on food stamps.

yeah lets listen to this asshole pockyclips and roberto so we too can live with room mates in our primary residence and have a day job where everyone despises us and writes horrible things about us online about how we suck at our job

thats the ticket!

To be fair, the bankers would have been on food stamps if we hadn't, so there's that.

I can't imagine the sorts of crimes those people would perpetrate if left to wander our streets!

I must say Iwag, you do a helluva job of getting these guys to engage you, time and time again. Have a day, liars.

Isn't blowing oligarchs considered manufacturing?

HydroCabron says

Isn't blowing oligarchs considered manufacturing?

No, it's clearly a service job, but a well paying one.

Also if what you say is true, why are institutional buyers existing the purchase to rent model? Answer, because the returns are not there, meaning people are not paying asking price for rents and choosing a 3rd option listed above

You could be right but the reason I think is what is known long ago. Residential rentals are too complex for institutions to manage profitably, and has been the domain of mom and pop till this financial crisis. It means that even with the low purchase prices, the business model till can't work because return is till not good enough to compensate for the high overhead of an institution.

That is also a valid point and it may very well be a combination of these factors.

Thank goodness we bailed out the criminal banksters, else we'd have a record number of people in poverty.

You've got to stay in poverty or all that is taken away and you have to provide it for yourself, which is going to take a pretty good job and a lot of hours to get back to the same place you were when the gub'mint was paying all your bills. The good thing is: great jobs are increasing in America! Oh wait, no they aren't.
Poverty will become the new norm at some point. It might already be hip. I heard this rap song on the local station about going to the Thrift Store and getting grandpa's clothes to wear. It was funny and kind of catchy. I wonder how many people totally identify with that? I do. That was where we shopped for clothes when I was a kid. I was the one wearing brown corduroy and plaid shirts from the previous decade. Poverty isn't as much fun as it's made out to be. I think most people would rather have a decent paying job to go to.

Its all Obama's Fault because Food stamps didn't exist until he became president.

If there had only been tax cuts during the 2001-2009 timeframe, we would know economic paradise today!

Are the lenders in large part responsible for the decrease in inventory and increase in prices? Seems there are only 2 major players influencing the market investors and lenders.

egads101 says

care to address how, with the exception of only around 10 years in the past
200, real estate prices have gone up?

stock prices also?

I believe that the stock market has outperformed all others over time. Seems a lot easier to invest from behind only a computer than deal with real estate, renters, etc.

Looks like the duck wins. CA markets are up.

errc says

I must say Iwag, you do a helluva job of getting these guys to engage you, time and time again. Have a day, liars.

when you speak the truth, the liars cant help but try to bury your truth with more of their lies but it never works

liars never win

egads101 says

the "liars" you refer to are the only people on here who back up everything they say with facts, you twit.

another lie!

this guy has never posted any addresses or actual properties with his name attached

what a liar

thomaswong.1986 says

NEW YORK – Just after Labor Day, the Bureau of Labor statistics reported more than 90 million Americans age 16 and older were not in the labor force in August, the highest level recorded since the Department of Labor began
collecting the data during the Truman administration three years after the end of World War II.

How many of those people are retired? At the end of WW2, how many people lived long enough to retire?

I'd be a little skeptical of anything on Whirled Nut Daily.

Iwag says

egads101 says

the "liars" you refer to are the only people on here who back up everything they say with facts, you twit.

another lie!

this guy has never posted any addresses or actual properties with his name attached

what a liar

Post 94

thomaswong.1986 says

Falling ... Backwards more like it.

So what's your solution to fix the problem? More tax cuts? More military spending?

see!!! these liars cant help themselves, they hate me exposing the truth about them

Humans are becoming obsolete thanks to computers and automation. We'll all be on welfare in the coming decades, assuming the top 1% doesn't "eliminate" useless parasites like us.

Darrell, Darrell, Darrell. Just relax. When did you move back from Phoenix? You never mentioned you bought a Victorian in SF at 21 during all those arguments with Roberto. Did it slip your mind?

How many families,above the poverty line,are fighting to hold on to their position?

freak80:"Humans are becoming obsolete.."
Some of us were born obsolete.

Iwag says

see!!! these liars cant help themselves, they hate me exposing the truth about them

Iwag (to paraphrase):
'This idiot posted all his information on the internet.'
'Do you think I'm an idiot? I'd never post my personal information on the internet.'
'What a liar! He refuses to post any of his personal information on the internet.'

Roberta is such a drama queen.

look at this liar, he cant help himself.

i am his master

Iwag says

look at this liar, he cant help himself.

i am his master

You were more entertaining as Darrell.

bigsby do you deny that i can control you? by simply typing your name and referencing you in some aloof manner, i am controlling your actions and making you come back into this thread.

how is that different than when the slave master snapped his fingers and the slave stood at attention?

i own you

freak80 says

Humans are becoming obsolete thanks to computers and automation. We'll all be on welfare in the coming decades, assuming the top 1% doesn't "eliminate" useless parasites like us.

I don't think so. If they purge stalinist style, there will be less consumer spending...

Call it Crazy says

Newman says

The vast majority of people who our government claims live in poverty in the USA have cellphones, TV, cars, free medical care, free schooling, and plenty of food to eat and a roof over their heads.

Let's see....

Cellphones = Obama phones
TV = Free digital antennas
Cars = until the repo guy shows up, then it's public transportation
Free medical care = Medicaid
Free schooling = public schools
Plenty of food = EBT cards
Roof over their heads = Section 8

Yea, I guess there isn't any poverty here....

What matters in the end though is that the american poor has a standard of living that's head and shoulders above the ones "enjoyed" by the poor in the 3rd world.

Have you been sniffing glue Darrell? It is Darrell, isn't it? I notice you didn't deny it.

to the audience, as you can see, point proven

Iwag says

to the audience, as you can see, point proven

It's a very small audience Darrell. Or should that be RealtorsAreLiars? Or...?

dublin hillz says

But the only way that wealth disparity will decrease if for example the top tax rate goes up from 39% to say 44% while the rate on the middle classer goes down from 25% to 20%. The problem is I have never heard of any politician propose such an approach. They basically make it sound that taxes on the rich need to go up and don't propose lowering the taxes on the middle class. If the taxes on the middle class don't go down, how are we supposed to assume that their standard of living will increase even if taxes on the rich go up?

Yep. That's the problem. In fact, under Obama, the tax burden for the middle class increased greatly, not to mention inflation/debasement.

i have your undivided attention bigsby. you are the biggest liar of all.