November Jobs Report

[fhdz]

Apparently, 315k people dropped out of the workforce last month. Makes more sense now.

[fhdz]

I don't believe the figures.

Short sellers.  You guys are like a cult.

Optimism's all well and good, but it pays to make sure all the math lines up.

[jimmy olsen]

It's not like the numbers are great or anything, 430,000 net jobs in three months is nothing to crow about.

A .4% reduction in the jobless rate in one month is actually pretty good. Am I misreading it?

A 430k increase in jobs in three months would not be that big of an impact, would it? How big is the workforce--150 billion maybe. Point four percent of that is 600k people. In a month. Complete guesses of course.

A bunch of people gave up, so they're not counted.

[CountDeMoney]

It's not like the numbers are great or anything, 430,000 net jobs in three months is nothing to crow about.

A .4% reduction in the jobless rate in one month is actually pretty good.

Not when you'll see a .4% increase in the jobless rate in February.

[Scipio]

Steve still dead.

[alfred russel]

It's not like the numbers are great or anything, 430,000 net jobs in three months is nothing to crow about.

A .4% reduction in the jobless rate in one month is actually pretty good. Am I misreading it?

A 430k increase in jobs in three months would not be that big of an impact, would it? How big is the workforce--150 billion maybe. Point four percent of that is 600k people. In a month. Complete guesses of course.

A bunch of people gave up, so they're not counted.

There is statistical error in each of the measures, which means the changes between months or a discrepancy between the payroll and unemployment numbers shouldn't be overanalyzed. Maybe with a more accurate methodology we would have seen the unemployment rate was 8.8% both last month and this month. Who knows.

[Ideologue]

Steve still dead.

[Neil]

It doesn't really matter though, since the jobs being created are minimum-wage service jobs.

[Josquius]

Apparently, 315k people dropped out of the workforce last month. Makes more sense now.

I hate such playing with the figures.
Apparently Japan does that a lot. Benefits expire after half a year and then you're no longer counted in unemployment statistics.

[DGuller]

Apparently, 315k people dropped out of the workforce last month. Makes more sense now.

I hate such playing with the figures.
Apparently Japan does that a lot. Benefits expire after half a year and then you're no longer counted in unemployment statistics.

How is this playing with the figures?  There is a definition to unemployment rate, several in fact.  Those definitions are merely being adhered to. 

Also, regarding benefits, I don't know about Japan, but in US, whether you receive unemployment benefits or not matters not at all whether you're counted as unemployed.  It's one of those myths that just won't die.

[Neil]

It's treating a devastating loss for America as if it was a victory.

[Josquius]

Apparently, 315k people dropped out of the workforce last month. Makes more sense now.

I hate such playing with the figures.
Apparently Japan does that a lot. Benefits expire after half a year and then you're no longer counted in unemployment statistics.

How is this playing with the figures?  There is a definition to unemployment rate, several in fact.  Those definitions are merely being adhered to. 

Also, regarding benefits, I don't know about Japan, but in US, whether you receive unemployment benefits or not matters not at all whether you're counted as unemployed.  It's one of those myths that just won't die.

Unemployed is unemployed, that people have given up being on the list of folks actively looking for work shouldn't make the unemployment rate drop and make everyone go "hurrah!"

[Ideologue]

Are new graduates (high school, college, other) counted in the U-3 statistics?

[Admiral Yi]

Unemployed is unemployed, that people have given up being on the list of folks actively looking for work shouldn't make the unemployment rate drop and make everyone go "hurrah!"

Then we should include stay at home moms and trustifarians as unemployed.

[Neil]

Unemployed is unemployed, that people have given up being on the list of folks actively looking for work shouldn't make the unemployment rate drop and make everyone go "hurrah!"

Then we should include stay at home moms and trustifarians as unemployed.

Probably not.