April Jobs Report Beats Expectations: 244,000 Jobs Created; Jobless Rate 9%

Phillymg wrote:

Phillymg wrote:CHECK THIS OUT!!

http://portalseven.com/employment/unemployment_rate.jsp?fromYear=1948&toYear=2011

(After clicking you have to scroll down to see the chart.)

The US just surpassed the prior record of the U3 unemployment rate.
From 1981-1984.....the U3 rate was 8.0% or above for 26 months.
From 2009-2011.....the U3 rate has been 8.0% or above for 27 months.

That's huge! I wonder how many news sources are talking about this.

unemployed2long/1208 wrote:Philly, I am glad your focus has changed and you are happy with the numbers and that puts food on your table.

Please read my posts. I never said that. My focus is exactly the same--on the truth. I am certainly not happy with the numbers as my posts have stated.

unemployed2long/1208 wrote:Sorry, Philly but hell with the lies and inconsistent numbers and new jobs gov. or private sector. They said 179,000 on Wed and now its 244,000

Again who the heck is *THEY*. You're conflating the estimates by the private economists from earlier this week together with the official BLS report released TODAY. These are completely different things. As I said the corporate economists announce their guesstimates as a tool used by the WALL STREET GAMBLERS who place BETS on what the U3 rate & the Nonfarm Payrolls numbers will be. I'm serious. The Wall Street gang bet with each other on whether U3 will be 8.8, 8.9, 9.0 etc. & whether the Nonfarm Payrolls will be 100,000 or 300,000 etc. Ordinary Americans suffer while those rich guys wager their ill-gotten gains on what the numbers will be.

Then when the official BLS report comes out every month as it did this morning.....the losers pay up & the winners cash in.

You're making a big deal about the estimated Nonfarm Payrolls number when it has nothing to do with anything but the giant casino called Wall Street.

JaneWI wrote:

Phillymg wrote:

Phillymg wrote:CHECK THIS OUT!!

http://portalseven.com/employment/unemployment_rate.jsp?fromYear=1948&toYear=2011

(After clicking you have to scroll down to see the chart.)

The US just surpassed the prior record of the U3 unemployment rate.
From 1981-1984.....the U3 rate was 8.0% or above for 26 months.
From 2009-2011.....the U3 rate has been 8.0% or above for 27 months.

That's huge! I wonder how many news sources are talking about this.

YES THIS IS BIG BIG NEWS. HOPEFULLY ART DELANEY & MICHAEL THORNTON WILL BE ALL OVER THIS NEWS.

Meanwhile Wall Street & the media are completely ignoring the 9.0% UE rate. They prefer to focus on the 244,000 Nonfarm Payrolls number. They want consumers to keep shopping. They know if people worry that unemployment is going up (which it *IS*) that people won't keep shopping.

Everyone remember, we are all here to inform and support each other. Exploring where the jobs numbers are coming from does not mean anyone is making any form of value judgement on them. It's just explaining who puts out the numbers and when.

There is a lot of personal frustration from many people at this time.

Remember you can edit your own posts after you post them. This is helpful if you reread your post and realize the message didn't come across the way you thought it should.

unemployed2long/1208 wrote:Philly, I am glad the focus has changed for some and some are happy with the numbers and that puts food on your table. The job creation numbers created from a miracle, does this mean all has found a job!If not why not? after all they created 244,000 new jobs, why don't many unemployed find one!

Sorry, but heck, with the lies and inconsistent numbers and new jobs gov. or private sector. The news media said 179,000 on Wed and now its 244,000.... Hello! If one doesn't have a job then these numbers don't mean Poop! Unless you say we are not looking! I am just tired in the inconsistency! And yes 200,00 Plus new jobs are great IF they were not offset each week from 400,000+ new jobless claims. Its a status Que and winless situation. The only hope is that some who have been unemployed so long may be one of the lucky one's who get those jobs! Thats the problem.. It isn't getting better, because ok one month 200,000 new jobs were created and whoop's. Each week the new jobless averages 400,000 plus. We are not gaining BUT with 200,000 or more new jobs created that MAYBE, just MAYBE some who have been out of work for 1 or 2 yrs. or more can land one of those jobs! Thats the real picture!!!
Sorry Philly, I should not have been so harsh with you and made it sound so personal...

I personally find these numbers to be completely confusing probably because the numbers are coming from multiple sources at multiple times and I think the news media isn't properly explaining where they are quote are coming from.

If I'm reading this correctly jobs numbers come from the government and from private groups. The private groups are the ones that put out what they think the jobs numbers are going to be. The government comes out with the "official" numbers and then sometimes changes these numbers a few times.

Like I said, it's confusing.

What's most important to focus on imo is that for 27 months in a row the unemployment rate has been at least 8.0%. That's horrifying.

I'm starting to worry that it won't ever be back to 5.0%.

The 'experts' estimate that it won't be under 8.0% till fall of 2012.

AS POSTED elsewhere there was a message from Greg Rosen and basically said there are a lot of inconsistence in the job creations reports. I think others tend to agree with me. That there are many inconsistencies that reflect the 179,000 was one report and the 244,000 is another and I saw on a link this morn the new job creations were 290,000... There we have it! 2012 elections coming up!!!! Make the numbers look good.. use your power and influence!!! I guess another way to deceive the numbers is gather all the unemployed and ship them off somewhere to an island and say survive on your own!

Phillymg wrote:What's most important to focus on imo is that for 27 months in a row the unemployment rate has been at least 8.0%. That's horrifying.

I'm starting to worry that it won't ever be back to 5.0%.

The 'experts' estimate that it won't be under 8.0% till fall of 2012.

philly, as I said on another post "sorry folks, someone pushed my rant button. I just received counseling to help me with ranting and I went into relapse! But anyway!Your statement is most significant and thats the secret. They make the new job creation numbers , no matter what they are to sound like the economy is fixed. And unemployment is getting better and better. But ignore the fact that a couple of months ago it was stated it would take at least 5 yrs. of steady improvement to lower unemployment to levels of pre economic collapse! They are blue skying every time the numbers to hopefully put attitudes in a positive light. But they fail to deal with reality. All the blue skying and wonderful news reporting that Lies doesn't make unemployment go away! To insult us by saying things are great and all the new job creation is better and better month after month just to make us feel good, the insult comes from the millions who live in the reality of life and do not see and feel improvement and also its a slap in our faces to let us suffer and then make fun of us and say things are getting so much better and on top of that they say we like to be unemployed and do not want jobs. !!! Enough is enough!!

1208--

For some reason you refuse to believe that the 179,000 estimated number that came out on Wed. was put out by a PRIVATE CORPORATION ON WALL STREET and that the 244,000 official number that came out today was put out by the GOVERNMENT OF THE UNITED STATES OF AMERICA.

The estimate that the corporation puts out is only an *average* of the guesses of about 20 economists who get paid by the corporation to make their guesses. However each one makes his own guess (btw they're all white men)--& some guesses are higher & some are lower. That report is used by gamblers on Wall Street to place their bets on what the govt's official number will be. The gamblers read the estimates of the 20 guys & then place their bets. After the govt's official report comes out as it did today then the winning gamblers collect their winnings.

I also read Gregg Rosen's comments a few weeks ago but that was on a different topic. Yes there are always inconsistencies between the various reports produced by private corporation & govt agencies. That's the nature of human existence.

It does no good to throw up our hands & say 'none of the numbers matter.' in fact numbers *DO* matter very much.....especially that for 27 months in a row the U3 unemployment rate has been 8.0% or higher. If the rate were 5% that would mean 5 million more Americans would have f/t jobs. But those jobs have been shipped to China, India, & Brazil.

PS--I agree the White House, Congress, the media, & Wall Street prefer to focus on the 244,000 Nonfarm Payrolls number rather than on the horrible 9% U3 number. As I understand it.....the employers can fudge their responses to the Nonfarm Payrolls survey to make things look better than they are during a certain month. However they can't do that often because they'll get caught. They can only get away with it once in awhile.

Philly, I understand your logic also on this issue. your opinions are one way to the many scenarios and as I have read comments from others Greg Rosen, and also heard on &^%$# news that they said there seems to be a LOT of CONFUSION on the jobless creation numbers. And seem to favor political parties! I believe this is the logical explanation!! While I do not disagree with anything you have said either... Many possibilities!! Hum!!!

I have a question that may not belong on this topic. BUT with the rate up to 9% again is there some states that ended EB because of the 8.8% rate and is there a possibility since the UE is now 9% will some states requalify for remaining EB's????

Yes. When the state ue rates come out later this month some states may once more qualify for EB. Of course that's only if their legislature has passed the Three Year Lookback law. For example PA's last three rates were 8.0 & 8.0 & 7.8.....causing PA to lose the 2nd 7 weeks of EB. If this month's rate is 8.2 then PA can again get the 2nd 7 weeks. However if PA's legislature won't pass the Three Year Lookback then PA will lose all 20 weeks of EB on May 20th.