The US Employment Situation - February 2015 | Forex Factory

The US Employment Situation - February 2015 | Forex Factory

The US Employment Situation - February 2015

From bls.gov

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month. Household Survey Data Both the unemployment rate (5.5 percent) and the number of unemployed persons (8.7 million) edged down in February. Over the year, the unemployment rate and the number of unemployed persons were down by 1.2 percentage points ... (full story)

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Mar 6, 2015 7:44am

There is no way to stop euro now on the way to parity...how they got 5.5% out of probably 15%, which is the real unemployment rate, is beyond my understanding, though. I guess they only count while unemployed males between ages 20 and 30 for this statistics.

Mar 6, 2015 8:38am

Quoting Mini Trader

Disliked

Finally 5.5% again after several years.
Americans really should love President Obama and the Democratic government.

Ignored

Seriously? More like 21% REAL number. O-Bla-Bla and the dems (or repubs) have done nothing but damage here.

My God it's amazing how some stupid made up numbers will make people think.

Mar 6, 2015 10:30am

Quoting Aaronfb

Disliked

Whether you think the number is right or wrong, good or bad does not matter, all that matters is the markets reaction to it and positioning yourself to take advantage of it.

Good news or bad is far far less important than reading the market correctly.

Ignored

Yes, that's obvious as far as the market goes. My concern is folks actually buying into the lies as if it were truth and thinking how wonderfully rosy it is here when in fact it's not. Even worse, believing that a chump like O-Bla-Bla and the rest of his clan brought in purposely to do the damage are actually helping.

If you all you care about is the "market" and not those who suffer the effects? All I can say is that's simple pathetic!

Why can't we have a market based on truth? It will still move and maybe, just "maybe" the world could improve by admitting the TRUTH first. Think about the larger, more important picture here. PEOPLE! Just a silly thought.

Mar 6, 2015 10:59am

Quoting Roachling

Disliked

That kind of world isn't going to happen within our lifetimes. I hope that you actually do something to alleviate the ills of the people you talk about instead of just talking about it. For me, yeah all I care about is the charts.

Ignored

The kind of world they've created took 100's of years. So because "you" can't enjoy a better one now there's no reason to try? Think in generations. Generations of children. That attitude of yours is "precisely" why we're facing what we do now.

The old, "what's in it for me" crap. That's really sad and very short sighted.

You can BET I am not just talking.

Mar 6, 2015 12:14pm

Quoting Roachling

Disliked

As a trader I just can't care about all this. Malaysian airlines shot down? Buy yen. Greexit? Sell eur. The reality of the US unemployment is completely useless in trying to make a profit. I can't afford to care because I'm a shit trader and any added burden is just going to get in the way.

As a person though, I agree we should try and make a change in the world for the better if we can. I agree it will take a long time to change things; but again as a trader that's precisely why I have no reason to care.

It's great though that you're helping...

Ignored

I understand and it is of course your choice. We all have our crosses to bare and although fairly well known here at FF, I won't bore you with mine.

I will keep doing whatever I can within my means. To not try is not something I can't live with. That's a personal choice/responsibility of course and has no reflection on anyone else. I also have to be careful about my passion for it all. Although never my intent, I can and have come across the wrong way to some.

Best wishes in your trading. Never give up and you'll have a good shot at it.

Enjoy the weekend.

Mar 7, 2015 11:45pm

Quoting Xxavier

Disliked

Alnchr: When you say the employment number is not correct you mean these numbers are not precise (not reflect the fact) correct? Would you agree that since we are calculating those numbers the same way in 1995, 2008 and now it make sense to compare these numbers? Unemployment was 12% in 2009 and now it went down, things have improved compared to 2009/2010, does this comparison makes sense???

Ignored

It depends.

The unemployment figure does not include those who have given up looking for work. If the number of people who have given up looking for work and therefore no longer included in unemployment calculations has risen since 2009/10, then a declining unemployment rate may simply reflect more people falling through the cracks and off the grid. (ie. A declining participation rate reflecting a "worsening" situation) may result in a lower unemployment rate because more and more people are no longer included in the calculations) giving the false impression the situation is actually improving.
Having said that, if Yellen hikes rate next meeting, I will eat my own hat and underpants...

Mar 9, 2015 12:47am

Quoting Xxavier

Disliked

I agree with you that reduction in participation rate will reduce unemployment rate. I think my disagreement is with people claiming Obama's administration intentionally reducing participation rate to make things look better in fact the participation rate has been declining at a steady rate since 1998..

Ignored

Yeah, I wouldn't know about that stuff.
Obama inherited quite an economic shit fight from the crisis so I find it hard to believe it is all his fault.

All the best.

Mar 6, 2015 8:35am

Quoting Roachling

Disliked

.... That said unemployment is falling steadily, after a certain point wages will pick up.

Ignored

No, the number of people registered as seeking a job went down, so after a certain point Mexican immigrants will be staffing the nursing homes @ $1 per hour. (..surmise on my part)

Mar 9, 2015 10:18am

Quoting Ill-b-back

Disliked

....Obama inherited quite an economic shit fight from the crisis so I find it hard to believe it is all his fault.....

Ignored

That is the fact, he was the fall-guy.
Remember the grief over increasing the government borrowing limit which caused a shut-down and international jitters? How many times did you hear about that under George D Bush? Seems that most went through quietly on the nod, and there were more than a couple.

Mar 10, 2015 4:22am — Edited

Kind Sir (or Madam if appropriate), your facile interpretation of events does you no favours. The financial calamity we are still suffering was not borne from a year's hubris, it was a decade in the making. BTW I see the DOW is currently around 18,000 and I presume you blame Obama for that also.

Quoting Ace_1

Disliked

For those of you that like to spread myths such as: "the financial crisis was Bush's fault" ....

Ignored

Here is what I remember about your former president, all of which is just my personal opinion of course....
- in collusion with the twat who was at the head of the UK political system at the time, a movement was created which proceeded to depose the then leader of Iraq. The result was that there no weapons of mass destruction (hats-off to the system at this point because I really expected something to be 'found' in the desert). What followed was considerable political destabilization and from which, arguably, has come the Syrian conflict, the rise of ISIS, and nothing good as far as I can discern. Even the ordinary people of Iraq are in no better situation.
- in common with the previous leaders in office during the last major run of 'good times' (the 1920s), who sucked-in the feel-good that came with rising prosperity bought with leveraged debt over a decade, and again conjoined by the other twat who was ten years in the chancellery of the UK at the time, Gordon FW Brown, they sat back whilst Armageddon brewed a massive revenge upon us all.

Obviously your summation of events will differ from mine. I suggest we leave it there and let history complete the picture.

Mar 6, 2015 2:45pm

This several years' March data are green but we actually need is April data to determine the direction.
As the people changing jobs so the jobless claims rise for this week data.
As the unemployment rate is monthly (do it on the upper half, people not change the job yet).
Actually, the factory order m/m tells us more than the above for the direction.

Mar 6, 2015 5:44pm

Alnchr: When you say the employment number is not correct you mean these numbers are not precise (not reflect the fact) correct? Would you agree that since we are calculating those numbers the same way in 1995, 2008 and now it make sense to compare these numbers? Unemployment was 12% in 2009 and now it went down, things have improved compared to 2009/2010, does this comparison makes sense???

Quoting albchr

Disliked

Yes, that's obvious as far as the market goes. My concern is folks actually buying into the lies as if it were truth and thinking how wonderfully rosy it is here when in fact it's not. Even worse, believing that a chump like O-Bla-Bla and the rest of his clan brought in purposely to do the damage are actually helping.

If you all you care about is the "market" and not those who suffer the effects? All I can say is that's simple pathetic!

Why can't we have a market based on truth? It will still move and maybe, just "maybe" the world could...

Ignored

Mar 6, 2015 9:34pm

Not sure if i was clear enough, looks like you did not completely understood what i said...
Since we are calculating the numbers the same way we did back in 2009 do you agree that unemployment has gone down significantly since 2009 (from 10% to 5.5%)?
Now regarding the other statistics you stated, participation rate etc, those numbers did not change much in the past 5-10 years to make a big difference in the unemployment rate, did it? You also have to understand it's not Obama's admin or any republicans came up with the unemployment rate calculations.

Quoting Ace_1

Disliked

Xxavier,

To be accurate, the "official" unemployment rate didn't quite make it to the 12% number you gave. However, it did reach as high as 10% in 2009. Yes, that is not too far away from the number you gave, but whether it was 10% or 12% is not the point of this post. The below facts are why I REALLY chose to respond.

There is quite a bit of evidence to point out why the 5.5% unemployment number is phony and not to be believed:

1. The labor participation rate is only 62.8%. That is the lowest in 37 years.

2. There are 92.8 million...

Ignored

Mar 7, 2015 7:55am

Oic... I think now I understood what you are saying....correct me if I got this wrong. This is the crux of what you said. All those statistics are wrong because Obama admin massage(whatever they do) those numbers to make it look good.????
Do you believe Bush did the same or it's just Obama and his goons???

Quoting Ace_1

Disliked

All the statistics have gotten worse under Obama. And thus when you combine ALL the statistics then it makes a HUGE impact. That is clearly how it makes a big did lies of the government. I guess people prefer to live in delusion and believe everything the government tells them, rather than live according to reality.

Ignored

Mar 7, 2015 9:28pm

Thank you Ace. I hear you but it's difficult for an independent person (not a demo or repub) like me to believe what you are saying.. Anyways thank you for the time you spend typing all that and wish you all the luck with your trading..

Quoting Ace_1

Disliked

In regards to Bush, he never had a problem with overwhelming credibility problems. I'm not saying he was perfect - nobody is perfect -

Folks, a lot of this is common sense and doesn't take a rocket scientist to figure out.

Ignored

Mar 8, 2015 10:25am

I agree with you that reduction in participation rate will reduce unemployment rate. I think my disagreement is with people claiming Obama's administration intentionally reducing participation rate to make things look better in fact the participation rate has been declining at a steady rate since 1998..

Quoting Ill-b-back

Disliked

It depends.
The unemployment figure does not include those who have given up looking for work. If
Having said that, if Yellen hikes rate next meeting, I will eat my own hat and underpants...

Ignored

Mar 9, 2015 7:58am

Oic, so you accused Obama without knowing the facts!!!! Here is the website of bureau of labor statistics where you can find all those statistics... http://data.bls.gov/timeseries/LNS11300000
Moreover you have to understand all these data are collected by using statistically designed surveys not counting how many receiving unemployment or how many files unemployment... My friend you need to stop watching Fox news and start watching other networks or read other news sources to really understand the facts....

Quoting Ace_1

Disliked

Xxavier, can you specifically point to me where I can find those stats of each year since 1998, so I can see whether or not there is any sizeable difference I can do this by viewing the stats between 1998 and up until Obama became president. Therefore, I need to know where you seen those stats.

Ignored

Mar 9, 2015 5:20pm

Exodus: I lived in the US for a while (4 years for my work)and I was really surprised to see people like Ace_1... I can tell you he is most likely above 55 years of age and have been drinking the fox news kool aid... This is the real problem in the US, the older people watch only the lies spread by Fox news and they act on that information without taking the effort to verify it.. One good example related to trading is the Glenn beck's show on George Soros, you will be amazed how he spin the truth and the sad part is there are many like Ace_1 who believe them....

Quoting Exodus

Disliked

That is the fact, he was the fall-guy.
Remember the grief over increasing the government borrowing limit which caused a shut-downmost went through quietly on the nod, and there were more than a couple.

Ignored

Mar 6, 2015 8:21am

Quoting OnlineAddict

Disliked

There is no way to stop euro now on the way to parity...how they got 5.5% out of probably 15%, which is the real unemployment rate, is beyond my understanding, though. I guess they only count while unemployed males between ages 20 and 30 for this statistics.

Ignored

No they don't count those anymore.

Mar 6, 2015 8:22am

Quoting Aaronfb

Disliked

Number of able bodied people choosing not to work increased again. Up to 92.8 million. At 5% unemployment, time to cut the welfare so many are living on.

Ignored

So according to your logic, people on welfare are choosing not to work?

Mar 6, 2015 7:55am

June

Mar 6, 2015 2:23pm

btw. reg unemployment fall unreg unemployment rise tripple... fake numbers in game... correction on usd is a must very soon it might be last free fall this week imo if smth rising so fast it must fall in a same way... black day is coming

Mar 8, 2015 9:44pm

http://kingworldnews.com/witness-orchestrated-financial-destruction-social-unrest-beyond-imagination/

Mar 6, 2015 12:32pm

Selling UJ. Target 120.

Mar 6, 2015 12:44pm

Sell GBPJPY, target 175.
Sell EJ, target 120.

Mar 6, 2015 1:10pm

Quoting EmptyEterniT

Disliked

fake numbers

Ignored

I believe you despite not paying attention to these numbers. Just trade PA.

Mar 6, 2015 7:51am

why do they need rate hike next month ? why dont they keep until us-index reach at 100 ?

Mar 6, 2015 3:37pm

so what happened to the below estimate that was announced on wednesday .. lol now you know why it was sold into , because it was a blatent lie

Mar 6, 2015 1:09pm

fake numbers

Mar 6, 2015 8:02am

Quoting Idoscon

Disliked

rate hike in next fed meeting

Ignored

why

Mar 6, 2015 8:07am

Long usdjpy target 150-160. Max lots max leverage.

Mar 6, 2015 9:20am

Quoting albchr

Disliked

Seriously? More like 21% REAL number. O-Bla-Bla and the dems (or repubs) have done nothing but damage here.

My God it's amazing how some stupid made up numbers will make people think.

Ignored

Thank you for saying that, I wanted to hold off but since the door is open.

Goodness, when will the majority of traders learn that all numbers are fudged.
They're just narrating whatever story they need to move markets they way they want them to move.

It's essentially a shepherd-sheep mentality. "Sheep! Go there, come here!" And the masses follow. I hope the sheep see where they're going before they fall off a cliff!

I feel for the sheep. I really do.

Mar 6, 2015 8:20am

Quoting Idoscon

Disliked

rate hike in next fed meeting

Ignored

You should put your money on it. LOL

Mar 6, 2015 8:03am

Quoting Idoscon

Disliked

rate hike in next fed meeting

Ignored

As far as the workforce goes, they still have a way to go before the FED is satisfied I think. Hourly wages/general sustainability of US workforce was a very important concern when Yellen was testifying to the courts.

That said unemployment is falling steadily, after a certain point wages will pick up.

Mar 6, 2015 9:37am

Quoting albchr

Disliked

My God it's amazing how some stupid made up numbers will make people think.

Ignored

Whether you think the number is right or wrong, good or bad does not matter, all that matters is the markets reaction to it and positioning yourself to take advantage of it.

Good news or bad is far far less important than reading the market correctly.

Mar 6, 2015 10:13am

Quoting Mini Trader

Disliked

Finally 5.5% again after several years.
Americans really should love President Obama and the Democratic government.

Ignored

Mini Trader, is the statement you've made supposed to be a joke? Have you seen the TRUE facts? Here are the actual facts:

* The U6 unemployment numbers is the TRUE number of people unemployed. The United States has had 73 consecutive months of unemployment of 11% or higher (U6 unemployment numbers) under Obama. That is the most since the Great Depression.

* The U.S. is in the midst of its lowest labor participation rate since 1978.

* Americans on food stamps have increased 50.3% from 31.8 to 47.8 million ... that is 1 out of every 7 Americans on food stamps.

* Americans living in poverty has increased by 16% from 39.8 million to 46.2 million. Poverty is at its highest level since 1965.

* In January 2009, the month Obama entered office, median household income was $54,983. It has now spiraled down to $50,964 per family.

And all the above are just the financial disasters under Obama. I haven't even yet touched on all the scandals he as been involved in.

It never ceases to amaze me how gullible and naive people can be when it comes to the government. Too many think the government is infallible and would never lie or mislead people. Clearly, that is not the case in regards to the Obama administration.

Mar 6, 2015 10:40am

Quoting albchr

Disliked

Yes, that's obvious as far as the market goes. My concern is folks actually buying into the lies as if it were truth and thinking how wonderfully rosy it is here when in fact it's not. Even worse, believing that a chump like O-Bla-Bla and the rest of his clan brought in purposely to do the damage are actually helping.

If you all you care about is the "market" and not those who suffer the effects? All I can say is that's simple pathetic!

Why can't we have a market based on truth? It will still move and maybe, just "maybe" the world could...

Ignored

That kind of world isn't going to happen within our lifetimes. I hope that you actually do something to alleviate the ills of the people you talk about instead of just talking about it. For me, yeah all I care about is the charts.

Mar 6, 2015 10:40am

Quoting albchr

Disliked

If you all you care about is the "market" and not those who suffer the effects? All I can say is that's simple pathetic!

Ignored

Of course I care, I'd love to get a conservative in the white house and a conservative congress so we can start undoing 50 years of liberal mistakes, but for the purposes of trading - good new or bad can cause the market to move and that's all we require to make money.

Mar 6, 2015 11:38am

Quoting albchr

Disliked

The kind of world they've created took 100's of years. So because "you" can't enjoy a better one now there's no reason to try? Think in generations. Generations of children. That attitude of yours is "precisely" why we're facing what we do now.

The old, "what's in it for me" crap. That's really sad and very short sighted.

You can BET I am not just talking.

Ignored

As a trader I just can't care about all this. Malaysian airlines shot down? Buy yen. Greexit? Sell eur. The reality of the US unemployment is completely useless in trying to make a profit. I can't afford to care because I'm a shit trader and any added burden is just going to get in the way.

As a person though, I agree we should try and make a change in the world for the better if we can. I agree it will take a long time to change things; but again as a trader that's precisely why I have no reason to care.

It's great though that you're helping to make things better, keep fighting the good fight

Mar 6, 2015 4:12pm

Quoting albchr

Disliked

I understand and it is of course your choice. We all have our crosses to bare and although fairly well known here at FF, I won't bore you with mine.

I will keep doing whatever I can within my means. To not try is not something I can't live with. That's a personal choice/responsibility of course and has no reflection on anyone else. I also have to be careful about my passion for it all. Although never my intent, I can and have come across the wrong way to some.

Best wishes in your trading. Never give up and you'll have a good shot at it.

Enjoy...

Ignored

albchr, I totally agree with everything you've said in your posts here at this thread. It's absolutely sickening of how Obama and his goons are destroying our country in every imaginable way. As I said in a previous post in this thread, there are too many gullible and naive people that do not understand all the damage being caused by Obama and the liberal left-wingers. However, I will say I also understand that the mindset of people in this forum tend to be focused on trading and thus they are thinking more about how the news announcements are causing the markets to move instead of the lies of the U.S. government - of which the government is the real reason for the misleading numbers of the unemployment rate.

I guess it's the outlook a person has in regards to all this. People such as you and I understand that in reality the numbers really show a deeper and disturbing truth about the current sad situation of our country (the lies and being misled by our government). But, as I said, I understand - due to the nature of this forum - that there are many people here that do not wish to think about the disturbing situation that the numbers point to; instead they just want to think about how it affects their trades. But others such as you and I cannot ignore the sickening things that are happening to our country.

Mar 6, 2015 7:50pm — Edited

Quoting Xxavier

Disliked

Alnchr: When you say the employment number is not correct you mean these numbers are not precise (not reflect the fact) correct? Would you agree that since we are calculating those numbers the same way in 1995, 2008 and now it make sense to compare these numbers? Unemployment was 12% in 2009 and now it went down, things have improved compared to 2009/2010, does this comparison makes sense???

Ignored

Xxavier,

To be accurate, the "official" unemployment rate didn't quite make it to the 12% number you gave. However, it did reach as high as 10% in 2009. Yes, that is not too far away from the number you gave, but whether it was 10% or 12% is not the point of this post. The below facts are why I REALLY chose to respond.

There is quite a bit of evidence to point out why the 5.5% unemployment number is phony and not to be believed:

1. The labor participation rate is only 62.8%. That is the lowest in 37 years.

2. There are 92.8 million Americans not working.

3. At this moment there is a record high of 56,023,000 women not in the labor force.

4. Read the Article from NY Post titled: “Census faked 2012 election jobs report”. It's an article showing they falsified the jobs report before presidential election in 2012. Here is the link: http://nypost.com/2013/11/18/census-faked-2012-election-jobs-report/

When you add up all the above, then it is outright laughable that the U.S. government (Obama and his cronies) wants us to believe that the unemployment rate is only 5.5%! LOL!

If fact, you don't even have to add all up of the above. Understand just ONE of those facts is enough to know that the unemployment rate is nowhere near 5.5%. But adding them all up makes it a no-brainer that the "5.5%" number is a joke.

The Obama administration has a strong history of corrupt behavior & scandals during these past 6 years. It's gotten to the point that a scandal seems to come out almost each week. It is not a stretch of the imagination whatsover that the unemployment number is phony. When you look at the above evidence, then there is no way anyone that can think logically believe we actually have only 5.5% unemployment.

My earlier statement of the average person being "gullible and naive" in regards to believing the lies of the government, becomes more true and more obvious with each passing day.

Mar 7, 2015 12:42am

Quoting Xxavier

Disliked

Not sure if i was clear enough, looks like you did not completely understood what i said...
Since we are calculating the numbers the same way we did back in 2009 do you agree that unemployment has gone down significantly since 2009 (from 10% to 5.5%)?
Now regarding the other statistics you stated, participation rate etc, those numbers did not change much in the past 5-10 years to make a big difference in the unemployment rate, did it? You also have to understand it's not Obama's admin or any republicans came up with the unemployment rate calculations....

Ignored

All the statistics have gotten worse under Obama. And thus when you combine ALL the statistics then it makes a HUGE impact. That is clearly how it makes a big difference.

Also, you keep bringing up the statement of: "Since we are calculating the numbers the same way we did back in 2009 then the unemployment has gone down significantly since 2009 (from 10% to 5.5%)"

However, you apparently overlooked the fact that the Obama Administration has been deep in scandal after scandal since Obama became president (as I have already pointed this out to you previously). And you overlooked the fact that the Census has already been caught faking the unemployment numbers (again, as I pointed out to you previously). Credibility with this government was lost long ago. And it's gotten to the point where the government is not even trying to make an effort to restore any credibility. Instead, they just double-down and continue to mislead, tell more & more lies and hide all their corrupt activities. As I said, there's almost a new scandal every week with this administration. Therefore, how can you seriously believe them when THEY tell you the unemployment is "5.5%"? And please don't bring up again about "how the numbers were calculated in the past". None of that matters with this administration, as they have proven it doesn't matter by all their past actions. And also as common sense shows you through the stats I gave you.

I just don't understand why people continue to ignore the reality of the repeated corruption and lies of the government. I guess people prefer to live in delusion and believe everything the government tells them, rather than live according to reality.

Mar 7, 2015 4:27pm — Edited

Quoting Charlzz

Disliked

There is also a chance you are wrong and you live in your own delusion, paranoia hehe.

Ignored

How am I wrong when I have presented here in this thread to you actual facts that prove I am right? Everything I said is true and can be verified if you actually took the time to verify it.

Mar 7, 2015 4:45pm

Quoting Xxavier

Disliked

Oic... I think now I understood what you are saying....correct me if I got this wrong. This is the crux of what you said. All those statistics are wrong because Obama admin massage(whatever they do) those numbers to make it look good.????
Do you believe Bush did the same or it's just Obama and his goons???

Ignored

In regards to Bush, he never had a problem with overwhelming credibility problems. I'm not saying he was perfect - nobody is perfect - but he did not have massive issues of lies and corruption and credibility problems that Obama and his goons have had.

As I have proven, the statistics show Obama has done an absolutely horrible job with the economy during his 6 years in office. For most of Bush's presidency, the economy was doing well. He didn't have the negative statistics Obama has had (the ones that I listed) and, therefore, why would you think Bush had any reason to lie as Obama (and his goons) have done? The fact is, Bush didn't lie about the economy because he had no reason to lie. If all the stats I gave had happened under Bush, and Bush tried to claim we had "5.5%" unemployment, then I would be the first one to call Bush a lying pig. But the facts show that Bush didn't have the horrible statistics Obama has had. Therefore, he (Bush) had no reason to lie.

Folks, a lot of this is common sense and doesn't take a rocket scientist to figure out.

Mar 7, 2015 11:14pm

Quoting Xxavier

Disliked

Thank you Ace. I hear you but it's difficult for an independent person (not a demo or repub) like me to believe what you are saying.. Anyways thank you for the time you spend typing all that and wish you all the luck with your trading..

Ignored

Xxavier,

I guess - as the old saying goes - "we will just have to agree that we disagree". I also wish you much pips with your trading.

Mar 8, 2015 10:49am

You make a lot of valid points, you may like this which is as detailed and crucially non partisan and non tribal analysis as I've seen anywhere.

http://www.economicpopulist.org/content/unemployment-rate-drops-those-dropping-out-again-5705

Quoting Xxavier

Disliked

Not sure if i was clear enough, looks like you did not completely understood what i said...
Since we are calculating the numbers the same way we did back in 2009 do you agree that unemployment has gone down significantly since 2009 (from 10% to 5.5%)?
Now regarding the other statistics you stated, participation rate etc, those numbers did not change much in the past 5-10 years to make a big difference in the unemployment rate, did it? You also have to understand it's not Obama's admin or any republicans came up with the unemployment rate calculations....

Ignored

Mar 9, 2015 12:10am

Quoting Xxavier

Disliked

I think my disagreement is with people claiming Obama's administration intentionally reducing participation rate to make things look better in fact the participation rate has been declining at a steady rate since 1998..

Ignored

Xxavier, can you specifically point to me where I can find those stats of each year since 1998, so I can see whether or not there is any sizeable difference between Obama's time in office versus the years before he took office?

Just proclaiming a statement of "the participation rate has been declining at a steady rate since 1998" is too generic. I have to see the context of it. I can do this by viewing the stats between 1998 and up until Obama became president. Therefore, I need to know where you seen those stats.

Mar 9, 2015 6:30pm — Edited

Quoting Xxavier

Disliked

Oic, so you accused Obama without knowing the facts!!!! Here is the website of bureau of labor statistics where you can find all those statistics... http://data.bls.gov/timeseries/LNS11300000
Moreover you have to understand all these data are collected by using statistically designed surveys not counting how many receiving unemployment or how many files unemployment... My friend you need to stop watching Fox news and start watching other networks or read other news sources to really understand the facts....

Ignored

Yes, I DO know enough facts to come to the conclusions that I've arrived at, concerning all the negative things Obama and his administration have done and are still doing. I will again repeat just a few of them (there are many more) :

1. The labor participation rate under Obama is a the lowest its been in the U.S. in 37 years.

2. There are 92.8 million Americans not working.

3. At this moment there is a record high of 56,023,000 women not in the labor force.

4. Read the Article from NY Post titled: “Census faked 2012 election jobs report”. It's an article showing they falsified the jobs report before presidential election in 2012. Here is the link: http://nypost.com/2013/11/18/census-...n-jobs-report/

You made the statement of: "You accused Obama without knowing the facts!!" (because I didn't see the year by year labor statistics for the past 15 years). Just because I didn't comb through every stat of every year for the last 15 years doesn't erase all the other facts I have provided in this thread. BUT, even MORE important than that, the statement you made about "the participation rate has been declining at a steady rate since 1998" is basically not true ... or at the very least your statement is misleading! (well, your statement actually IS true - when it is applied to Obama's time as president - beginning with his first month in office.)

I clicked your link to the labor statistics of the year 1998 and up (up until the present time), and here is what I found:

From the beginning of 1998 thru the end of 2008 (132 total months) the labor participation rate, for the most part, was between 66% to 67%. The highest it reached at any point during that time period 67.3%. The lowest it ever got during that time period was 65.8% ... just slightly under 66%. Therefore, as I said, in general between 1998 and 2008 it was basically between 66% to 67%.

HOWEVER, in 2009 when Obama took office, now THAT is when the labor participation rate truly began to decline at a steady rate. During Obama's entire time in office (up to this point), the labor participation rate has NEVER made it to 66%. In fact, the highest it ever got was 65.8% ... in his 2nd month in office. Ever since then, under Obama, the rate has TRULY steadily declined. It now has declined to the lowest it has been in 37 years!

My point is that it is clearly misleading for you to say "the participation rate has been declining at a steady rate since 1998". As I have proven, the stats show that most of the time between 1998 - 2008 the rate has been between 66% - 67%. BUT, under Obama, that is when the rate dramatically began to decline.

Now that I busted that myth, I will bust another myth in my next post - the myth of some people in this thread of whom said, "the financial crisis was Bush's fault" and "Obama was the fall-guy that inherited Bush's mess".

And to clear up a few more things: First of all, I am not "55 yrs of age or older". Secondly, in regards to your guess that I watch Fox news, you are wrong. I don't have cable TV or satellite TV, therefore it doesn't even come on my TV. I rarely watch television and thus I have no need for cable or satellite. And no, I don't listen to Glenn Beck. I don't watch him on television (I think he is on cable) and I don't listen to his radio show (I don't even know what radio station he is on). Not that there is anything wrong with Fox News or Glenn Beck, but I just don't have cable TV - I don't waste my time excessively watching television.

The REAL problem is those people that get their news from CNN and MSNBC and any other obvious pro-liberal organizations. It is clearly those people in this thread of whom refuse to accept the facts.

Mar 9, 2015 6:55pm

For those of you that like to spread myths such as: "the financial crisis was Bush's fault" and "Obama was the fall-guy because he inherited Bush's mess", please read the FACTS below:

The day the Democrats took over was not January 22nd, 2009 it was actually January 3rd, 2007, the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.

The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995. For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007, the day the Democrats took over the Senate and the Congress:

The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember that day...January 3rd, 2007... was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

The economic meltdown that happened 15 months later was in what part of the economy? Answer; the part where the Democrats were in charge.

THANK YOU DEMOCRATS (especially Barney) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCO'S! The DOW is back up, but that is due to wholesale FIRING OF EMPLOYEES TO INCREASE BOTTOM LINE PROFITS !!!

BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy. Barney blocked it and called it a "Chicken Little Philosophy" (and the sky did fall!)

And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
Answer: OBAMA

And who fought against reform of Fannie and Freddie?
Answer: OBAMA and the Democrat Congress, especially BARNEY!!!!

So when someone tries to blame Bush......

REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!

Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving the economy into the ditch.
Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget.

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.

Let's remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself.

In a nutshell, what Obama is saying is "I inherited a deficit that I voted for, and then I voted to expand that deficit four-fold since January 20th."

"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living." - Dan Corfall

Mar 10, 2015 12:55pm

Quoting Exodus

Disliked

Kind Sir, your facile interpretation of events does you no favours. The financial calamity we are still suffering was not borne from a year's hubris, it was a decade in the making.

Ignored

No, is was NOT "a decade in the making". I have shown you the stats that proved the U.S. economy was doing just fine ... UNTIL the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress on January 3rd, 2007 (they had won the majority in the election). It was after that point that the economy began to decline and the financial crisis eventually hit everyone. The facts clearly show it. Saying otherwise is misleading and outright wrong. I explained everything that happened in my previous post. If you choose to pretend that it didn't happen or that it is "just my interpretation", then it is your choice to fool yourself into believing the facts are not true.

Mar 10, 2015 1:00pm

Quoting Exodus

Disliked

Here is what I remember about your former president, all of which is just my personal opinion of course....
- in collusion with the twat who was at the head of the UK political system at the time, a movement was created which proceeded to depose the then leader of Iraq. The result was that there no weapons of mass destruction (hats-off to the system at this point because I really expected something to be 'found' in the desert).

Ignored

You are again proving that yourself - and others as well - flat out do not know the facts. The FACT is that weapons of mass destruction WERE FOUND in Iraq. It is a total myth that is spread by unknowing people that "there were no weapons of mass destruction found in Iraq".

Even the very liberal newspaper 'The New York TImes' reported the fact that WMD's have been found in Iraq. Do a search for an article titled: “New York Times Blockbuster Report – Bush Didn’t Lie, WMD’s Found All Over Iraq!!!".

I give the New York Times credit for admitting Bush was right, but it is funny how liberal organizations such as The Huffington Post, Los Angeles Times, CNN, and MSNBC all refused to report that there were WMD's found in Iraq and that Bush was right all along.

Quoting Exodus

Disliked

What followed was considerable political destabilization and from which, arguably, has come the Syrian conflict, the rise of ISIS, and nothing good as far as I can discern. Even the ordinary people of Iraq are in no better situation.

Ignored

It is inaccurate and wrong to blame Bush for the current disaster in the Middle East. It is now well-known everywhere about how OBAMA is the one that has screwed up because he got us out of those wars TOO soon. And it is well-known THAT is the reason ISIS has taken over the Middle East and is now literally chopping the head off of almost everyone that crosses their path. When World War II was over, the United States left troops in Germany for many, many years in order to be sure things didn't flare up to once again become a huge problem (as what now has happened in the Middle East - due to Obama removing the troops). ISIS will eventually make their way to the U.S. and Great Britain and you will have OBAMA to thank for that!

All the facts I have written in this thread is not my "interpretation" or my "opinion". Instead, it is all FACTS that can be easily verified ... IF you choose to make the effort to seek out & verify the facts and not hide from them.

Mar 6, 2015 12:23pm

Hehehe thats why we need only one world currency...i hope so in far future... no phatetic egoistic trading etc.... energy as a currency (f btc same shit as paper even worst) - energy

Mar 7, 2015 4:12am

There is also a chance you are wrong and you live in your own delusion, paranoia hehe.

Mar 6, 2015 7:35am

Quoting Idoscon

Disliked

rate hike in next fed meeting

Ignored

agree

Mar 6, 2015 8:06am

Finally 5.5% again after several years.
Americans really should love President Obama and the Democratic government.

Mar 6, 2015 7:34am

rate hike in next fed meeting

Mar 6, 2015 7:37am

Quoting Yossuan

Disliked

agree

Ignored

Lol, I would love to see that however I think you will have to settle with the word 'patience' being dropped. Good news at least.

Mar 6, 2015 7:58am

Finally we can start trading directionally

Mar 6, 2015 8:08am

they don't need to do that i thought.. yellen was satisfied..

Mar 6, 2015 8:09am

Number of able bodied people choosing not to work increased again. Up to 92.8 million. At 5% unemployment, time to cut the welfare so many are living on.

Mar 6, 2015 9:38am

Quoting TheTopBloke

Disliked

So according to your logic, people on welfare are choosing not to work?

Ignored

Too many are yes.

Mar 6, 2015 12:14pm

buy gbpusd for 2 weeks or more strong level after a spike coming a double buy

Mar 6, 2015 12:16pm

buy buy buy gbpusd evrytime when fall friday coming a megabuy chart

Mar 6, 2015 12:29pm

too much movement on this curency thats isnt fair, gbpjpy was a shit thiss week move a litle

Mar 6, 2015 12:34pm

tooo late to do that is time for buy on alll gbp

Trader#42F1

Mar 9, 2015 3:00am

Quoting cristmaster

Disliked

buy gbpusd for 2 weeks or more strong level after a spike coming a double buy

Ignored

its falling the usd is stronger why would i buy gbp usd u mean sellll

Story Stats

Mar 6, 2015 7:31am
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