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Re: Bursting the RW bubble

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@afisher wrote:

   The ignoble donald supporters continue to rely on partial information to imply that all is well with the economy.    They ignorantly but proudly boast that the current WH regime is great, just look at the job numbers.    One has to wonder if they know that they are attempting to sell swamp land or they never read past the topline.  

 

    

While the Current Establishment Survey (CES) Report (covering large businesses) shows 263,000 jobs created last month, the Current Population Survey (CPS) second Labor Dept. report (that covers smaller businesses) shows 155,000 of these jobs were involuntary part time. This high proportion (155,000 of 263,000) suggests the job creation number is likely second and third jobs being created. Nor does it reflect actual new workers being newly employed. The number is for new jobs, not newly employed workers. Moreover, it’s mostly part time and temp or low paid jobs, likely workers taking on second and third jobs.

Even more contradictory, the second CPS report shows that full time work jobs actually declined last month by 191,000. (And the month before, March, by an even more 228,000 full time jobs decline).

The much hyped 3.6% unemployment (U-3) rate for April refers only to full time jobs (35 hrs. or more worked in a week). And these jobs are declining by 191,000 while part time jobs are growing by 155,000. So which report is accurate? How can full time jobs be declining by 191,000, while the U-3 unemployment rate (covering full time only) is falling? The answer: full time jobs disappearing result in an unemployment rate for full time (U-3)jobs falling.

 

     Reminder:   these same folks keep telling us that they are the intelligent ones.    Sort of makes one wonder who is selling them the drugs necessary to believe that.  

 

h/t Counterpunch.


And - even though it has been verified that tRump has told over ten thousand lies - an average of 12 lies a day - people are supposed to believe tRump and those who claim that he didn't tell ten thousand lies...

 

One would have to "be on drugs" to believe right wingers and trumpanzees...

44>dolt45
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Valued Social Butterfly
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Bursting the RW bubble

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   The ignoble donald supporters continue to rely on partial information to imply that all is well with the economy.    They ignorantly but proudly boast that the current WH regime is great, just look at the job numbers.    One has to wonder if they know that they are attempting to sell swamp land or they never read past the topline.  

 

    

While the Current Establishment Survey (CES) Report (covering large businesses) shows 263,000 jobs created last month, the Current Population Survey (CPS) second Labor Dept. report (that covers smaller businesses) shows 155,000 of these jobs were involuntary part time. This high proportion (155,000 of 263,000) suggests the job creation number is likely second and third jobs being created. Nor does it reflect actual new workers being newly employed. The number is for new jobs, not newly employed workers. Moreover, it’s mostly part time and temp or low paid jobs, likely workers taking on second and third jobs.

Even more contradictory, the second CPS report shows that full time work jobs actually declined last month by 191,000. (And the month before, March, by an even more 228,000 full time jobs decline).

The much hyped 3.6% unemployment (U-3) rate for April refers only to full time jobs (35 hrs. or more worked in a week). And these jobs are declining by 191,000 while part time jobs are growing by 155,000. So which report is accurate? How can full time jobs be declining by 191,000, while the U-3 unemployment rate (covering full time only) is falling? The answer: full time jobs disappearing result in an unemployment rate for full time (U-3)jobs falling.

 

     Reminder:   these same folks keep telling us that they are the intelligent ones.    Sort of makes one wonder who is selling them the drugs necessary to believe that.  

 

h/t Counterpunch.

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