Search
Latest topics
Useful Links
- American 99ers Union
- Unemployed Friends 2.0
- Extend Unemployment Benefits
- Help the 99ers on blogspot
- Layoff List
- Now Jobless/Next Homelss
- Philadelphia Unemployment Project
- Reach Out Job Search
Tier 5 to Survive Unemployment Unite- Unemployed but Organized for the 21st Century
- Unemployed Workers Action Group
Union of Unemployed- http://helpthe99ers.com/
- www.NELP.org
Who is online?
In total there are 3 users online :: 0 Registered, 0 Hidden and 3 Guests None
Most users ever online was 288 on Sun Jul 04, 2021 4:30 pm
Chart of the Day: A Tale of Two Government Unemployment Surveys
2 posters
Chart of the Day: A Tale of Two Government Unemployment Surveys
How many surveys do we need to tell our government that the unemployed are hurting?
http://www.theatlantic.com/business/archive/2011/05/chart-of-the-day-a-tale-of-two-government-unemployment-surveys/238506/
http://www.theatlantic.com/business/archive/2011/05/chart-of-the-day-a-tale-of-two-government-unemployment-surveys/238506/
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Chart of the Day: A Tale of Two Government Unemployment Surveys
Lol these pseudo-economists have no end of fancy charts they can whip together.
That guy leaves out certain groups & uses some non-seasonally adjusted figures.....then compares them to the seasonally adjusted U3 & VOILA.....he gets the result he wants.
But he doesn't because if you look at his chart there are still times when the two sets of data (U3 & Nonfarm Payrolls) vary wildly.
Someone *PAID* that guy to write that piece of crap??
That guy leaves out certain groups & uses some non-seasonally adjusted figures.....then compares them to the seasonally adjusted U3 & VOILA.....he gets the result he wants.
But he doesn't because if you look at his chart there are still times when the two sets of data (U3 & Nonfarm Payrolls) vary wildly.
Someone *PAID* that guy to write that piece of crap??
Phillymg- Super Poster
- Posts : 1435
Join date : 2011-02-13
Age : 65
Re: Chart of the Day: A Tale of Two Government Unemployment Surveys
Phillymg wrote:Lol these pseudo-economists have no end of fancy charts they can whip together.
That guy leaves out certain groups & uses some non-seasonally adjusted figures.....then compares them to the seasonally adjusted U3 & VOILA.....he gets the result he wants.
But he doesn't because if you look at his chart there are still times when the two sets of data (U3 & Nonfarm Payrolls) vary wildly.
Someone *PAID* that guy to write that piece of crap??
You think someone in Washington paid him?
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Chart of the Day: A Tale of Two Government Unemployment Surveys
No. He was paid by 'The Atlantic Monthly' magazine. Also his bio states that he's a Wall Street investment bankster. Did you see the movie 'Inside Job'?? It talks about how most of the economists are bought & paid for by the big corporations & the banks.
Wall Street absolutely does not want anyone to pay attention to the 9% U3 rate because that might create *uncertainty* in the economy. They want consumers to keep buying & investors to keep investing. The corporations want the same plus they don't want anyone telling them they should hire more American workers.
Thus the spin of this ridiculous chart trying to convince people that the 9% U3 rate doesn't mean anything. Which happens to make the White House also happy.
The ones who aren't happy are the 25 million unemployed & underemployed workers of America.
Wall Street absolutely does not want anyone to pay attention to the 9% U3 rate because that might create *uncertainty* in the economy. They want consumers to keep buying & investors to keep investing. The corporations want the same plus they don't want anyone telling them they should hire more American workers.
Thus the spin of this ridiculous chart trying to convince people that the 9% U3 rate doesn't mean anything. Which happens to make the White House also happy.
The ones who aren't happy are the 25 million unemployed & underemployed workers of America.
Phillymg- Super Poster
- Posts : 1435
Join date : 2011-02-13
Age : 65
Similar topics
» Job Growth Improved Slightly in July; Unemployment held at 9.2%: Surveys
» Who stays on job in federal government shutdown?
» US Economy Created 185,000 Jobs In May: Surveys
» Employers May Have Added ~190,000 New Jobs In February: Surveys
» Approximately 200,000 New Jobs Created In March: Surveys
» Who stays on job in federal government shutdown?
» US Economy Created 185,000 Jobs In May: Surveys
» Employers May Have Added ~190,000 New Jobs In February: Surveys
» Approximately 200,000 New Jobs Created In March: Surveys
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sun Sep 13, 2015 1:54 am by Jessica
» Cyber beggar list......it's ok to me
Wed Sep 10, 2014 10:22 pm by pbrad009
» Help with medical bills - Free Health Care, Free Prescription drugs, Hospital bill help, etc
Mon Sep 08, 2014 11:02 pm by pbrad009
» There are Care Packages for College Students, Veterans overseas and Far Away Friends & Loved Ones. So why not Care Packages for the 99ers ?
Mon Sep 08, 2014 11:48 am by pbrad009
» Ways I've Found to Earn Some Income While Still Unemployed
Sat Sep 08, 2012 7:56 pm by Jane0218
» Ramen Noodle Nation--found this blog, two people tell it like it is...
Sun Feb 26, 2012 6:17 pm by springflowers
» Democrats Defend Cutting Unemployment Benefits
Fri Jan 13, 2012 3:27 pm by requete'
» EB will end for on January 28, 2012 for DC, FL, GA, NC, NJ, NM, OH, and PA
Fri Jan 13, 2012 2:58 pm by requete'
» Herman Cain Opposes Extending Unemployment Benefits: 'Where Do We Stop?'
Wed Dec 21, 2011 3:15 pm by DISPLACED DRIFTER
» Most of the unemployed no longer receive benefits
Mon Nov 28, 2011 2:50 pm by requete'
» Michigan Unemployed may lose Extended Benefits
Sat Nov 12, 2011 4:37 pm by requete'
» Obama To Announce Iraq Troop Withdrawal By End Of The Year
Sat Nov 12, 2011 1:17 pm by requete'