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Unemployment at 10%!Follow

#1 Dec 04 2009 at 8:12 AM Rating: Excellent
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Erm... down from 10.2%
WSJ's MarketWatch wrote:
The U.S. labor market improved markedly in November, with the unemployment rate falling back to 10% and job losses shrinking to the lowest level in nearly two years, the Labor Department reported Friday. Nonfarm payrolls dropped by a seasonally adjusted 11,000 in November, the fewest since December 2007. Payroll losses in September and October were revised lower by a total of 159,000. The report was much better than expected by economists surveyed by MarketWatch, who were looking for 100,000 fewer jobs and a steady 10.2% unemployment rate.

Threat Level: Cautious Optimism Smiley: thumbsup

Edit: It should be noted that the economy didn't gain jobs yet. The drop in the rate was due to over-reporting in Sept/Oct of job losses and a good November where relatively few jobs were lost. The drop from a projected 100,000 lost jobs to 11,000 is more encouraging than the 10% from 10.2% although that number will be reported more.

Edited, Dec 4th 2009 8:20am by Jophiel
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#2 Dec 04 2009 at 8:23 AM Rating: Good
If Obama was a proper Communist, your unemployment rate would be 0%.
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#3 Dec 04 2009 at 8:36 AM Rating: Good
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RedPhoenixxx wrote:
If Obama was a proper Communist, your unemployment rate would be 0%.
If he was a great Communist it would be a negative number.
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#4 Dec 04 2009 at 8:41 AM Rating: Good
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Elinda wrote:
RedPhoenixxx wrote:
If Obama was a proper Communist, your unemployment rate would be 0%.
If he was a great Communist it would be a negative number.


Negative unemployment would mean we'd have to give our spare jobs to robots.

But look at what they did to the automotive industry!

Edited, Dec 4th 2009 9:45am by Timelordwho
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#5ThiefX, Posted: Dec 04 2009 at 9:03 AM, Rating: Sub-Default, (Expand Post) Have any of you figured out it's Christams and the unemployment rate always drops at this time of year?
#6 Dec 04 2009 at 9:04 AM Rating: Good
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ThiefX wrote:
Have any of you figured out it's Christams


No, please explain.
#7 Dec 04 2009 at 9:06 AM Rating: Good
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ThiefX wrote:
Have any of you figured out it's Christams and the unemployment rate always drops at this time of year?

So the economy isn't fucked then? Awesome.
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#8 Dec 04 2009 at 9:10 AM Rating: Excellent
Nadenu wrote:
ThiefX wrote:
Have any of you figured out it's Christams


No, please explain.


Well, basically, Jesus was born, like lots and lots of years ago, and to celebrate, we all buy each other presents we don't really want, or need, but we pretend we do, cos it's rude not to, and also we decide that a new year starts cos the birth of Jesus is worth both a Christams and new year, in a nutshell.
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#9 Dec 04 2009 at 9:14 AM Rating: Good
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ThiefX wrote:
Have any of you figured out it's Christams and the unemployment rate always drops at this time of year?

Quote:
The U.S. labor market improved markedly in November, with the unemployment rate falling back to 10%



Because Christmas is in November. Gotcha.
#10 Dec 04 2009 at 9:25 AM Rating: Excellent
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ThiefX wrote:
Have any of you figured out it's Christams and the unemployment rate always drops at this time of year?



Do they not adjust unemployment stats for seasonal factors like holidays and harvests? I thought they did.

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#11ThiefX, Posted: Dec 04 2009 at 9:25 AM, Rating: Sub-Default, (Expand Post) I already know the answer to what I am about to ask and to be honest I nver really believed your IQ was any higher than the kids who ride the short bus to school but seriously are you this stupid?
#12 Dec 04 2009 at 9:26 AM Rating: Decent
Timelordwho wrote:
Elinda wrote:
RedPhoenixxx wrote:
If Obama was a proper Communist, your unemployment rate would be 0%.
If he was a great Communist it would be a negative number.


Negative unemployment would mean we'd have to give our spare jobs to robots children.


Say what you really mean, TLW.
#13 Dec 04 2009 at 9:27 AM Rating: Good
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ThiefX wrote:
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Because Christmas is in November. Gotcha.


I already know the answer to what I am about to ask and to be honest I nver really believed your IQ was only slightly higher than the kids who ride the short bus to school but seriously are you this stupid?

Let me try to explain it to you.

You see Christmas is in December but Retail stores hire temp workers in Nov. Do you understand now?


Nope. Makes no sense that this is the best economic forecast since 2007, but you think it isn't.

I'll let you stay on the short bus with the other kids who incorrectly spell "never."
#14 Dec 04 2009 at 9:30 AM Rating: Good
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BrownDuck wrote:
Timelordwho wrote:
Elinda wrote:
RedPhoenixxx wrote:
If Obama was a proper Communist, your unemployment rate would be 0%.
If he was a great Communist it would be a negative number.


Negative unemployment would mean we'd have to give our spare jobs to robots children.


Say what you really mean, TLW.


No, he means robots. He has to look out for his own kind.
#15 Dec 04 2009 at 9:36 AM Rating: Excellent
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ThiefX wrote:
You see Christmas is in December but Retail stores hire temp workers in Nov. Do you understand now?

Holy cats! I bet all the economists predicting 100,000 jobs lost in November had NO IDEA about this... "Christmas", as you call it.

Go to them, ThiefX! Tell them now! They need to know this!!
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#16ThiefX, Posted: Dec 04 2009 at 9:39 AM, Rating: Sub-Default, (Expand Post) LMAO the best economic forecast in 2 years? .2%
#17 Dec 04 2009 at 9:47 AM Rating: Good
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Your mom jokes?Smiley: dubious
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#18 Dec 04 2009 at 9:50 AM Rating: Excellent
ThiefX wrote:
Joph will rate you up and make it all better and Pensive still thinks your cool although I don't think his mom does anymore.


I don't think you got the dynamics of the Asylum quite figured out just yet.

Unsurprisingly.
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#19 Dec 04 2009 at 9:52 AM Rating: Decent
Seriously, lol.

You know a person's argument is totally fail when they have to resort to "your mom" jokes to ostracize their opponent.
#20 Dec 04 2009 at 9:55 AM Rating: Excellent
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Sir Xsarus wrote:
Your mom jokes?Smiley: dubious

ThiefX is lashing out. He's politically invested in unemployment reaching higher numbers so this is shattering his dreams of having more people out of work.
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Wow. Regular ol' Joph fan club in here.
#21 Dec 04 2009 at 10:10 AM Rating: Decent
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ThiefX wrote:


and btw nice attempt to cover your moronic "Christmas is in November" post. Joph will rate you up and make it all better and Pensive still thinks your cool although I don't think his mom does anymore.


LockeColeMA does not do enough "treasure hunting" for me to respect him for taking that name, for me to think that he is cool.

Sir Xsarus wrote:
Your mom jokes?Smiley: dubious


He doesn't like the fact that I live at home while I am finishing school, though considering that it saves me 6 thousand dollars a year in money that I can't afford, I can't imagine why a republican conception of personal responsibility would disparage doing so.

His business.

Edited, Dec 4th 2009 11:14am by Pensive
#22 Dec 04 2009 at 10:16 AM Rating: Good
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ThiefX wrote:
Quote:
Nope. Makes no sense that this is the best economic forecast since 2007, but you think it isn't.


LMAO the best economic forecast in 2 years? .2%

Your right Obamanomics is working.

and btw nice attempt to cover your moronic "Christmas is in November" post. Joph will rate you up and make it all better and Pensive still thinks your cool although I don't think his mom does anymore.


Allow me to raise an eyebrow. Joph has already threatened to karma camp me, and Pensive's mom gives great BJs.

You really don't think that the original forecast did NOT take the holidays into account, but the "new" one did? And that accounts for the difference?

Actually, that would make a pretty good news story. Unfortunately it isn't... because it didn't happen.
#23 Dec 04 2009 at 10:17 AM Rating: Good
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Pensive the Ludicrous wrote:
ThiefX wrote:


and btw nice attempt to cover your moronic "Christmas is in November" post. Joph will rate you up and make it all better and Pensive still thinks your cool although I don't think his mom does anymore.


LockeColeMA does not do enough "treasure hunting" for me to respect him for taking that name, for me to think that he is cool.


I take it back. Pensive's mom sucks wonderfully, but Pensive is the fucking man.
#24 Dec 04 2009 at 10:29 AM Rating: Excellent
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Jophiel wrote:
Sir Xsarus wrote:
Your mom jokes?Smiley: dubious

ThiefX is lashing out. He's politically invested in unemployment reaching higher numbers so this is shattering his dreams of having more people out of work.


I hear virus is reduced to fantasizing about watching his great Dane maul his boyfriend in order to get off now that the DOW is over 10K again.

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#25 Dec 04 2009 at 10:30 AM Rating: Good
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Pensive the Ludicrous wrote:
Sir Xsarus wrote:
Your mom jokes?Smiley: dubious


He doesn't like the fact that I live at home while I am finishing school, though considering that it saves me 6 thousand dollars a year in money that I can't afford, I can't imagine why a republican conception of personal responsibility would disparage doing so.

His business.
I did that, It worked out great, I managed to save enough living at home and doing a short internship in between my final years to buy a house when I graduated. Aside from unfortunate personal issues, I don't understand why anyone going to school wouldn't stay at home if it was available. Seems like the intelligent thing to do.

I mean you also save a ton of time what with the fact that you probably aren't responsible for all your food etc.

Edited, Dec 4th 2009 10:33am by Xsarus
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#26 Dec 04 2009 at 10:38 AM Rating: Excellent
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LockeColeMA wrote:
Joph has already threatened to karma camp me

Threatened!? I've been kamping you and you didn't notice??

Man, next time I'm sending you a candy box full of dead mice or something. You'll pay attention to me then...
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Wow. Regular ol' Joph fan club in here.
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