Current Events > December jobs report: Black unemployment hits ALL TIME LOW

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Balrog0
01/05/18 11:41:40 AM
#51:


Antifar posted...
Do you think the trend has changed in the year and a half since?


it could have, though I don't know that it did

the point being that this statistic is pretty irrelevant unless you are already the sort of person who would have credited Obama for the progress made with unemployment during his tenure... which, I mean, isn't the TC at least
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A_Good_Boy
01/05/18 11:50:52 AM
#52:


Are these long term jobs or are we patting Trump on the back for being president during the holiday season?
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#53
Post #53 was unavailable or deleted.
SK8T3R215
01/05/18 11:57:25 AM
#54:


A_Good_Boy posted...
Are these long term jobs or are we patting Trump on the back for being president during the holiday season?


Its seasonally adjusted.

Here's all of the rates so people can shitpost about them:

https://www.bls.gov/news.release/empsit.t15.htm
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KazumaKiryu
01/05/18 12:04:00 PM
#55:


Took a while for the liberal shitposters to wake up I see.
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Balrog0
01/05/18 12:05:45 PM
#56:


SK8T3R215 posted...
Its seasonally adjusted.

Here's all of the rates so people can shitpost about them:

https://www.bls.gov/news.release/empsit.t15.htm


it is pretty interesting that U-6 dropped by more than twice as much as U-4 and U-5. Makes sense though
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Balrog0
01/05/18 12:07:06 PM
#57:


actually the percentage is pretty consistent for all of U-1 through U-5

that is kind of unexpected, I would assume that U-1 would drop much less considering who is included
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MacDaMurderer
01/05/18 12:10:16 PM
#58:


DifferentialEquation posted...
Excellent. Trump's economic policies benefit everyone.

But I'm sure liberals would still rather go back to the Obama era of creating a rift between black people and the police and trying to convince black people that they need to a nanny government to help them.


Obama era of creating a rift between black people and police? Black people have never fucked with police. Has nothing to do with Obama or BLM.
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Paragon21XX
01/05/18 12:15:28 PM
#59:


DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

The U-6 unemployment rate? It's about 8% right now. The lowest point it's been since its tracking was the very end of Clinton's presidency at just under 7%.
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Questionmarktarius
01/05/18 12:18:26 PM
#60:


Balrog0 posted...
it is pretty interesting that U-6 dropped by more than twice as much as U-4 and U-5. Makes sense though

What does "employed part time for economic reasons" mean?
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Balrog0
01/05/18 12:21:51 PM
#61:


Questionmarktarius posted...
What does "employed part time for economic reasons" mean?


people who want to work full time but are working part-time, either because they have been unable to get enough hours at their job to average 40/week or because there are no other (full time) jobs available

it makes sense to me that p/t people would move into f/t work more quickly than people who are not working at all would. The fact that U-1 and U-5 moved about the same also implies that the people who are finding work have been unemployed for short amounts of time (also supported by the relatively small movement in long-term unemployment)
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DifferentialEquation
01/05/18 12:30:50 PM
#62:


MacDaMurderer posted...
DifferentialEquation posted...
Excellent. Trump's economic policies benefit everyone.

But I'm sure liberals would still rather go back to the Obama era of creating a rift between black people and the police and trying to convince black people that they need to a nanny government to help them.


Obama era of creating a rift between black people and police? Black people have never fucked with police. Has nothing to do with Obama or BLM.


The policies of Democrats are what held black people down in the first place. These bad policies often lead to higher rates of poverty in black communities, which in turns leads to more crime. That doesn't mean that the police are somehow evil for arresting black people who do commit crimes like Obama would have you believe. The police didn't put the policies in place that led to black neighborhoods having higher rates of poverty.
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KazumaKiryu
01/05/18 12:32:37 PM
#63:


DifferentialEquation posted...
MacDaMurderer posted...
DifferentialEquation posted...
Excellent. Trump's economic policies benefit everyone.

But I'm sure liberals would still rather go back to the Obama era of creating a rift between black people and the police and trying to convince black people that they need to a nanny government to help them.


Obama era of creating a rift between black people and police? Black people have never fucked with police. Has nothing to do with Obama or BLM.


The policies of Democrats are what held black people down in the first place. These bad policies often lead to higher rates of poverty in black communities, which in turns leads to more crime. That doesn't mean that the police are somehow evil for arresting black people who do commit crimes like Obama would have you believe. The police didn't put the policies in place that led to black neighborhoods having higher rates of poverty.


Yep and what we're going to see as more people get back to work is that the crime statistics go down. It's all connected, folks.
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NINExATExSEVEN
01/05/18 12:34:28 PM
#64:


"Yea well fuck Trump!" - liberals
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Solid Sonic
01/05/18 12:34:42 PM
#65:


This will just end with someone screaming BIASED SOURCE and stalemate all potential discussion.
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Returning_CEmen
01/05/18 12:36:09 PM
#66:


ThanksUglyGod posted...
Great news sandwiched by TC's shitposting

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Capn Circus
01/05/18 12:49:13 PM
#67:


If Trump is as bad as liberals say he is, why aren't things getting worse?

Why do I just happen to have massive gains in my 401k, much larger and quicker than under Obama?

Why am I going to be saving money in taxes now but never under Obama?

Trump is keeping his promises and this is just year one.

He's the best president we have had in modern history
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bobbysjoby
01/05/18 1:04:47 PM
#68:


"lol trump taking credit for obamas achievements lolol"
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Antifar
01/05/18 1:06:31 PM
#69:


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DifferentialEquation
01/05/18 1:11:08 PM
#71:


Antifar posted...
We have an island without power 3 months after a hurricane
https://www.washingtonpost.com/graphics/2017/national/puerto-rico-life-without-power/?utm_term=.d97597fba54d


I don't agree with your other two points, but this is just flat out ridiculous. You can't blame Trump for damage cause by a natural disaster. And Puerto Rico's well being isn't our problem anyways.
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Capn Circus
01/05/18 1:15:35 PM
#72:


Antifar posted...
Capn Circus posted...
If Trump is as bad as liberals say he is, why aren't things getting worse?

They are, if you know where to look.
At a time of record profits we have public schools and housing without heat
http://www.baltimoresun.com/g00/news/maryland/baltimore-city/bs-md-cold-schools-20180103-story.html
https://www.democratandchronicle.com/story/news/local/columnists/andreatta/2018/01/05/andreatta-southview-towers-apartments-south-avenue-rochester-icicles-inside-heating-winter/1003043001/

We have an island without power 3 months after a hurricane
https://www.washingtonpost.com/graphics/2017/national/puerto-rico-life-without-power/?utm_term=.d97597fba54d

Alabama - Trump country - is being labeled the worst poverty in the developed world
http://www.newsweek.com/alabama-un-poverty-environmental-racism-743601

Life expectancy is dropping amid the opioid crisis and a rise in suicides
https://www.theguardian.com/us-news/2017/dec/21/us-life-expectancy-down-for-second-year-in-a-row-amid-opioid-crisis

Wages still aren't growing the way you'd expect with falling unemployment
http://itbusinessnet.com/article/US-Wage-Growth-Stagnant-In-December-Up-11-Percent-Year-Over-Year-5233855
https://www.washingtonpost.com/news/wonk/wp/2018/01/05/in-trumps-first-year-stocks-soar-for-rich-but-wages-stay-flat/


Power goes out during storms, nothing new. Puerto Rico was a mess before the Hurricane, and those life expectancy figures are from 2016.

These aren't like really impressive examples of things getting bad and it directly being related to Trump
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JE19426
01/05/18 1:16:49 PM
#73:


DifferentialEquation posted...
And Puerto Rico's well being isn't our problem anyways.


The well being of US citizens residing in the USA isn't the USA's problem? Who's problem is it? France's? Japan's?
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DifferentialEquation
01/05/18 1:21:17 PM
#74:


JE19426 posted...
DifferentialEquation posted...
And Puerto Rico's well being isn't our problem anyways.


The well being of US citizens residing in the USA isn't the USA's problem? Who's problem is it? France's? Japan's?


The relationship between is Puerto Rico and the U.S. is pretty meaningless and in name only. It would be like saying that, because you're technically family, you're responsible for the well being of your one cousin that you see maybe once every 5 years at a wedding/funeral.
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JE19426
01/05/18 1:25:35 PM
#75:


DifferentialEquation posted...
The relationship between is Puerto Rico and the U.S. is pretty meaningless and in name only.


No, it's not. The USA has full control over military and foreign affairs of Puerto Rico and a decent amount of their economic control. Thar isn't meaningless or in name only.
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DifferentialEquation
01/05/18 1:28:35 PM
#76:


JE19426 posted...
DifferentialEquation posted...
The relationship between is Puerto Rico and the U.S. is pretty meaningless and in name only.


No, it's not. The USA has full control over military and foreign affairs of Puerto Rico and a decent amount of their economic control. Thar isn't meaningless or in name only.


Nah, it's just that it's more in our interest to at least make sure they don't get attacked/invaded by our enemies. We do the same thing for other nations that aren't even U.S. territories.
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JE19426
01/05/18 1:31:01 PM
#77:


DifferentialEquation posted...
We do the same thing for other nations that aren't even U.S. territories.


How many of them does the USA stop from having their own military? How many does the USA stop from having their own foreign affairs? How many does the USA decide who can enter the country?
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Antifar
01/05/18 1:33:06 PM
#78:


Don't waste your time with DE
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DifferentialEquation
01/05/18 1:49:29 PM
#79:


JE19426 posted...
DifferentialEquation posted...
We do the same thing for other nations that aren't even U.S. territories.


How many of them does the USA stop from having their own military? How many does the USA stop from having their own foreign affairs? How many does the USA decide who can enter the country?


Are we stopping them from repairing the damage caused by the hurricane?
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JE19426
01/05/18 1:51:24 PM
#80:


DifferentialEquation posted...
Are we stopping them from repairing the damage caused by the hurricane?


What does that have to do with my statements?
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Gafemage
01/05/18 1:52:06 PM
#81:


Antifar posted...
Don't waste your time with DE

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Dat_Cracka_Jax
01/05/18 2:02:17 PM
#82:


DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?
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KazumaKiryu
01/05/18 2:03:16 PM
#83:


Lmao at using Puerto Rico as an example against Trump

The news was saying the hurricane would knock them out of power and devastate the island BEFORE it happened. We knew it would be that way because their infrastructure is so bad. You make a big joke out of yourself trying to pin that on Trump.
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FightingGames
01/05/18 2:03:47 PM
#84:


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Paragon21XX
01/05/18 2:34:42 PM
#85:


Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?

They would look for a job if they felt that they could get one, but gave up in the meantime because they lost hope. By keeping track of them, it gives a better picture of how the job market is doing by monitoring who is re-entering the job market or who is leaving because of discouragement.
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Hmm...
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PonyLivesMatter
01/05/18 2:46:25 PM
#86:


Thanks Trump!
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Giant_Aspirin
01/05/18 2:48:26 PM
#87:


DifferentialEquation posted...
Antifar posted...
We have an island without power 3 months after a hurricane
https://www.washingtonpost.com/graphics/2017/national/puerto-rico-life-without-power/?utm_term=.d97597fba54d


I don't agree with your other two points, but this is just flat out ridiculous. You can't blame Trump for damage cause by a natural disaster. And Puerto Rico's well being isn't our problem anyways.


Puerto Rico is part of America, you know.
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Lathissamus
01/05/18 2:54:58 PM
#88:


DifferentialEquation posted...
MacDaMurderer posted...
DifferentialEquation posted...
Excellent. Trump's economic policies benefit everyone.

But I'm sure liberals would still rather go back to the Obama era of creating a rift between black people and the police and trying to convince black people that they need to a nanny government to help them.


Obama era of creating a rift between black people and police? Black people have never fucked with police. Has nothing to do with Obama or BLM.


The policies of Democrats are what held black people down in the first place. These bad policies often lead to higher rates of poverty in black communities, which in turns leads to more crime. That doesn't mean that the police are somehow evil for arresting black people who do commit crimes like Obama would have you believe. The police didn't put the policies in place that led to black neighborhoods having higher rates of poverty.


It's amazing that people really believe this.
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ChaoticKnuckles
01/05/18 2:56:22 PM
#89:


Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?


Those people are still unemployed, they dont stop being unemployed just because they gave up looking for work. I mean thats what all the conservatives would say whenever unemployment numbers were said to have dropped under Obama. That the numbers were skewed because it only counts active job seekers and not everyone who is able to work but isnt. But I guess since Trump is in office the numbers are okay now.
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Benjamin_Sisko
01/05/18 3:03:10 PM
#90:


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ChaoticKnuckles
01/05/18 3:04:45 PM
#91:


Benjamin_Sisko posted...
remember when job numbers were fake and not to be trusted


Trump is in office, now theyre okay.
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Slip-N-Slide
01/05/18 3:07:18 PM
#92:


Paragon21XX posted...
Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?

They would look for a job if they felt that they could get one, but gave up in the meantime because they lost hope. By keeping track of them, it gives a better picture of how the job market is doing by monitoring who is re-entering the job market or who is leaving because of discouragement.

ChaoticKnuckles posted...
Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?


Those people are still unemployed, they dont stop being unemployed just because they gave up looking for work. I mean thats what all the conservatives would say whenever unemployment numbers were said to have dropped under Obama. That the numbers were skewed because it only counts active job seekers and not everyone who is able to work but isnt. But I guess since Trump is in office the numbers are okay now.

But then you'd also be including people who are doing well enough to not need to work. Like a stay at home mom who doesn't need to work because the husband makes enough, or adults that live with their parents and aren't looking for work, or just simply rich people who don't need to work.
You could be turning a measurement of the success of the economy into a measurement of the failure of an economy by also including people who aren't looking for work.
The most accurate figure to go by for what the unemployment rate is supposed to represent is for those who are looking for work and unable to find one, not people who aren't looking too.
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metralo
01/05/18 3:08:24 PM
#93:


Lathissamus posted...


It's amazing that people really believe this.


ironically, its always said by the most blatantly racist shitposters on the site! shocker!
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ChaoticKnuckles
01/05/18 3:11:15 PM
#94:


Slip-N-Slide posted...
Paragon21XX posted...
Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?

They would look for a job if they felt that they could get one, but gave up in the meantime because they lost hope. By keeping track of them, it gives a better picture of how the job market is doing by monitoring who is re-entering the job market or who is leaving because of discouragement.

ChaoticKnuckles posted...
Dat_Cracka_Jax posted...
DuranOfForcena posted...
too bad the umemployment rate is a joke and only takes into account people who are actively looking for a legitimate job. the actual unemployed rate would be a lot higher if it actually reflected every single person who was employable but unemployed.

Why the fuck would you include people not looking for a job?


Those people are still unemployed, they dont stop being unemployed just because they gave up looking for work. I mean thats what all the conservatives would say whenever unemployment numbers were said to have dropped under Obama. That the numbers were skewed because it only counts active job seekers and not everyone who is able to work but isnt. But I guess since Trump is in office the numbers are okay now.

But then you'd also be including people who are doing well enough to not need to work. Like a stay at home mom who doesn't need to work because the husband makes enough, or adults that live with their parents and aren't looking for work, or just simply rich people who don't need to work.
You could be turning a measurement of the success of the economy into a measurement of the failure of an economy by also including people who aren't looking for work.
The most accurate figure to go by for what the unemployment rate is supposed to represent is for those who are looking for work and unable to find one, not people who aren't looking too.


I dont disagree, Im just saying thats what I would always hear from conservatives when good unemployment numbers would come out for Obama. So either they werent good numbers then and theyre also not now, or theyre good numbers now which means they also were the whole time Obama was in office. It cant be both ways.
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Bishop9800
01/05/18 3:15:12 PM
#95:


Laughing at the usual people who blames Obama for the racism in this country. Really? Obama is the cause? Lol!!!
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bevan306
01/05/18 3:21:28 PM
#96:


it's the worst year for job growth since 2010
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KazumaKiryu
01/05/18 3:24:32 PM
#97:


ChaoticKnuckles posted...
Benjamin_Sisko posted...
remember when job numbers were fake and not to be trusted


Trump is in office, now theyre okay.


How do you say shit like this and take yourself seriously? Nobody ever claimed the jobs numbers were fake. We made the very real argument that the regular unemployment number that they use is not accurate in that it only counts those recently out of work and looking.

That has not changed. It serves its purpose but does not tell the full story. You also have to look at jobs created and the workforce participation rate. While the unemployment number went down during Obama's reign, the jobs created and participation rate showed that the reason for that was not overall positive.
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DifferentialEquation
01/05/18 3:25:16 PM
#98:


KazumaKiryu posted...
DifferentialEquation posted...
MacDaMurderer posted...
DifferentialEquation posted...
Excellent. Trump's economic policies benefit everyone.

But I'm sure liberals would still rather go back to the Obama era of creating a rift between black people and the police and trying to convince black people that they need to a nanny government to help them.


Obama era of creating a rift between black people and police? Black people have never fucked with police. Has nothing to do with Obama or BLM.


The policies of Democrats are what held black people down in the first place. These bad policies often lead to higher rates of poverty in black communities, which in turns leads to more crime. That doesn't mean that the police are somehow evil for arresting black people who do commit crimes like Obama would have you believe. The police didn't put the policies in place that led to black neighborhoods having higher rates of poverty.


Yep and what we're going to see as more people get back to work is that the crime statistics go down. It's all connected, folks.


Liberals also don't understand the long term effects this will have. Lower unemployment will lead to less poverty. This leads to less crime which will make the neighborhoods safer. This means we'll start seeing better teachers in these neighborhoods which means the kids in these neighborhoods will have better chances at success in life. Not to mention divorce rates will also decrease since money problems, which will now be lessened, is a big cause of divorce. This will ultimately lead to a big increase in wealth for all the back families who have, for generations, been completely shit on by intrusive and overbearing Democratic policies.

The future is really looking bright for all of is. It's going to be great for businesses. It's going to be especially great for black people. Liberals are butthurt to see Trump solving problems that Obama couldn't and I'm loving every minute of it.
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The Great Muta 22
01/05/18 3:31:42 PM
#99:


KazumaKiryu posted...
How do you say shit like this and take yourself seriously? Nobody ever claimed the jobs numbers were fake.


https://goo.gl/9skgc4

Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers


Unemployment is a totally phony number.


Our real unemployment is anywhere from 18 to 20 percent. Don't believe the 5.6. Don't believe it.


I hear 5.3 percent unemployment, that is the biggest joke there is in this country. That number is so false.


The number is not reflective. I have seen numbers of 24 percent. I saw a number of 42 percent unemployment. That number is so false.


The numbers are phony. These are all phony numbers. Numbers given to politicians to look good. These are phony numbers.

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KazumaKiryu
01/05/18 3:36:38 PM
#100:


The Great Muta 22 posted...
KazumaKiryu posted...
How do you say shit like this and take yourself seriously? Nobody ever claimed the jobs numbers were fake.


https://goo.gl/9skgc4

Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers




Huh, it's like you didn't read any of my post. Read this and fucking educate yourself. The real unemployment rate is much higher than what is reported in the main numbers. I don't know how many times I have to explain this.

https://www.thebalance.com/what-is-the-real-unemployment-rate-3306198
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Balrog0
01/05/18 3:41:51 PM
#101:


KazumaKiryu posted...
You also have to look at jobs created and the workforce participation rate. While the unemployment number went down during Obama's reign, the jobs created and participation rate showed that the reason for that was not overall positive.


mJ2cISw
C1Ea6R2

What do you mean?
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