Just a little creative book keeping...it makes it look good when it really isn't.

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

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1987 560SL
85,000 miles

Yeah, I forgot to add "spin" to what they'd blame it on....I guess the DOW being at it's highest point since '08 is spin too. Darn.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

Nasdaq is, Dow isn't -- it was a bit higher in the spring of this year. Composition of the Dow was also changed 2-3 times since early 2008. Furthermore, owing to the bearded counterfeiter's inflation strategy, it's actually lower in REAL DOLLAR terms than you'd think.

Besides, entities with enough spare dough to trade with aren't the same ones that are worried about unemployment, sadly. Stock market runup = concentration of wealth.

please give the pirate a lesson in breaking up his text into seperated paragraphs.

Is that all you got?

http://www.youtube.com/watch?v=G2gTFBhQ7Ko

Or it could be because other reports before it, which it is being compared against, didn't either.

I found the linked text to be "spin free" . . . so, where are you seeing the expression of rotational force in the article?

Larry actually raises a valid point -- a newly unemployed person is more likely to self-describe as looking for a job, vs a person who's been unemployed for a while with an employed spouse may choose not to look for work, and perhaps to move to a cheaper place.

This jibes with the lower and steadily dropping % of people in the labor force. BTW, I don't necessarily see anything wrong with more one-working-parent families, especially if housing costs have dropped enough to support that. (Low mortgage rate + housing cost dropping by easily 50% in some areas can save a family $1500-2000/mo easily, which may be enough for one partner not to work.)

On the other hand, if that means that more young people are unemployed, living at home, and sort of pretending to study to pass time, this is a bad thing.

It sounds wonderful, but the reality is that most single (or for that matter, dual) wage earner families cannot qualify for the mortgages under the present guidelines. That inability to buy, compounded by the rise in rental values, places many in a squeeze. There's lots of homes for sale, just not enough of a critical mass of owner occupants who apparently can afford rent for the time being, but can't qualify for a conventional mortgage.

A Newt?

http://www.youtube.com/watch?v=fr8DIg3oHFI

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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.

Close but for some reason I was thinking more along the lines of this....

Jeeves and Wooster - The Trouble With Love - YouTube

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

Truth sucks....

But does anyone believe an “official” unemployment rate of 8.3 percent really gives an accurate picture of the U.S. labor market? Even though the unemployment rate fell, so did the labor force participation rate (as more Americans became discouraged and gave up looking for work). Here’s what that means:

1. If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7 percent then vs. 63.7 percent today—the U-3 unemployment rate would be 11.0 percent.

2. But let’s not go all the way back to January 2009. In January 2011, the unemployment rate was 9.1 percent with a participation rate of 64.2 percent. If that were the participation rate today, the unemployment rate would be 8.9 percent, instead of 8.3 percent. As an analysis from Hamilton Place Strategies concludes, “Most of the shift of the past year is due not to the improvement in the labor market, but the continued drop in participation in the labor force.”


Why the official 8.3 percent unemployment rate is a phony number—and what it means for Obama’s reelection « The Enterprise Blog

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I'm sick of .sig files

Like a college graduate with multiple ASE certs who does warehouse work an average of 26 hours a week?

Raises hand

Now if I keep complaining long enough, maybe I'll actually do what I keep saying I'm going to do and aggressively seek a better job (But then all of sudden the weather turns nice-ish and I hop on my motorbike instead)

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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.

Another prime example of government spin is the way they calculate inflation - "excluding energy and food"?

Who the hell do they think they're fooling with THAT one?

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Just say "NO" to Ethanol - Drive Diesel

Mitchell Oates
Mooresville, NC
'87 300D 212K miles
'87 300D 151K miles - R.I.P. 12/08
'05 Jeep Liberty CRD 67K miles
Grumpy Old Diesel Owners Club