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PoliGAF 2012 |OT3| If it's not a legitimate OT the mods have ways to shut it down

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Finally, unemployement is down because workforce increased! This is huge news for the economy and will cause markets to rise throughout the whole year. :)
 

Owzers

Member
Finally, unemployement is down because workforce increased! This is huge news for the economy and will cause markets to rise throughout the whole year. :)

heh Joe Scarbororororororo on the jobs numbers " i don't get it"

It's hard to follow, but if the numbers were bad....he'd get it.
 

Owzers

Member
Why would the media want to do that?

If the job numbers were good, wouldn't Obama retroactively stare at Romney during the debates? Future Obama should have known better.


I have your job number explanation: Soylent Green.


Republicans taking the polls approach: Obama Administration are fixing these numbers.
 
So about that GAME-CHANGING debate...it's still going to put Ohio back in play, right? Maybe shift FL and VA too? Or is that not a thing anymore?

Or perhaps there was some unnecessary panicking in here before? Because all I'm hearing is 100k+ jobs in September, UE at 7.8%, 180k in jobs in July, and 140k in August.

Nobody is going to be talking about the debate anymore.
 

Owzers

Member
So about that GAME-CHANGING debate...it's still going to put Ohio back in play, right? Maybe shift FL and VA too? Or is that not a thing anymore?

Or perhaps there was some unnecessary panicking in here before? Because all I'm hearing is 100k+ jobs in September, UE at 7.8%, 180k in jobs in July, and 140k in August.

Nobody is going to be talking about the debate anymore.

They'll still be talking about Romney's vouchers, lack of a tax plan, and firing big bird though :p Or that's what they should be talking about and Obama will be campaigning about.

I'm sure Romney will try to remind people that Obama looked down a lot? Rush will say Romney still destroyed every liberal argument and ideology ever conceived?
 

Stinkles

Clothed, sober, cooperative
heh Joe Scarbororororororo on the jobs numbers " i don't get it"

It's hard to follow, but if the numbers were bad....he'd get it.
MittMentum slowing after a single day. One other piece of bad news for Mitt from his success, is that lackadaisical dems are now scared and enervated.
 
So about that GAME-CHANGING debate...it's still going to put Ohio back in play, right? Maybe shift FL and VA too? Or is that not a thing anymore?

Or perhaps there was some unnecessary panicking in here before? Because all I'm hearing is 100k+ jobs in September, UE at 7.8%, 180k in jobs in July, and 140k in August.

Nobody is going to be talking about the debate anymore.

If anything, people will just reinforce the fact that Obama is just not that great a debating, but is still doing a good job. That will be the narrative.
 

GhaleonEB

Member
they said that 90k job month ( last month?) was revised to 140k. Might want to double check that...

Yup, significant upward revisions.

The change in total nonfarm payroll employment for July was revised from
+141,000 to +181,000, and the change for August was revised from +96,000 to
+142,000.

http://www.bls.gov/news.release/empsit.nr0.htm

Pretty decent report on first read.

Edit: holy crap the gap between the establishment and household surveys is gargantuan. Any good explanations out there?
 

Hop

That girl in the bunny hat
Why would the media want to do that?

New narrative. Debates are boring, they happened over 24 hours ago! And Romney was The Winner yesterday, now Obama is The Winner today! The Winner has changed! Irrelevant political hack, your thoughts.
 

Averon

Member
Can't wait for the conservative conspiracy theories that Obama cooked the books so it'll distract from Wednesday's debate.
 

GhaleonEB

Member
Okay. I didn't see anyone mention it, so I'm going to try and chase down an explanation. But the household survey, from which the unemployment rate is drawn:

Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)​

That's seasonally adjusted.

Versus the establishment survey:

Total nonfarm payroll employment increased by 114,000 in September. In 2012,
employment growth has averaged 146,000 per month, compared with an average
monthly gain of 153,000 in 2011. In September, employment rose in health care
and in transportation and warehousing. (See table B-1.)​
 
Jesus those number are glorious just from for getting into the 7.x range. Nice upwards revisions. Come on Bams pull off the gloves for the next debate and drop kick your platform into the faces of americans. Also rebuke lies on stage without (really wish i could drop the c bomb right there) dick punching Romney to much.
 

Owzers

Member
Can't wait for the conservative conspiracy theories that Obama cooked the books so it'll distract from Wednesday's debate.

More likely they will neglect to mention the positives deeper into the numbers and just say it's all people leaving the workforce. When facts challenge your talking points, ignore them.
 

Brinbe

Member
Can't wait for the conservative conspiracy theories that Obama cooked the books so it'll distract from Wednesday's debate.

oDO3G.png
 
Ok I have to say, Obama fucking did it. Repubs have been complaining that obama failed his promise and wasnt able to get UE under 8%. That talking point is completely eviscerated. October numbers for next month are bound to be good. Btw guys, gallup sort of predicted this possibility last month.
 
Part me thinks those revisions ( and possibly that gap in the household survey) might be pointing to why Obama has been out porforming the fundamentals. Maybe we just had the data off. As I've said many times, voters don't look at that numbers, but the numbers make a nice aggregrate for how people are feeling, and the numbers being ~50% off the last couple of months is probably a big deal.
 
114K = good

7.8% = good

avg hourly up 3/10th a percent = good

private sec up 104k = good

upward revisions for last three months of gov't jobs = good

unemployed persons number declined by 450k = good

participation rate up = good

Good.

Obama took office with unemployment at 7.9%

Progress! ;)
Bad news for obama.








Surprised no one mentioned this.
 
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