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2014-07-04 Economy

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Posted by Bobby 2014-07-04 12:16|| || Front Page|| [11125 views ] Top

#1 not even replacement numbers

Posted by Frank G 2014-07-04 13:26|| 2014-07-04 13:26|| Front Page Top

#2 The Labor Dept numbers are so cooked they're useless. Check with how many are getting social security deductions from their paycheck to get an idea of employment. State/local/union pension deductions are not going the alter significantly. That'll give you a picture of who's working and who's not. From that you'll get the real unemployment figures.

Posted by Procopius2k 2014-07-04 13:47|| 2014-07-04 13:47|| Front Page Top

#3 Not too sure about all this love. I'm not feeling it.

Posted by 49 Pan 2014-07-04 14:04|| 2014-07-04 14:04|| Front Page Top

#4 Productivity levels have not gone up, however.

Posted by Pappy 2014-07-04 14:29|| 2014-07-04 14:29|| Front Page Top

#5 I'll trust Putin before I trust O's stats. Taking a cue from Stalinist Soviet stats...i.e. everything is peachy, the new 'Five Year Plan' is a success.

Posted by borgboy 2014-07-04 15:24|| 2014-07-04 15:24|| Front Page Top

#6 Yup -- SS deductions, productivity, the E6 unemployment rate, the proportion of adults working, median hourly wage -- those are the numbers that help you understand the economy.

Posted by Steve White 2014-07-04 18:13|| 2014-07-04 18:13|| Front Page Top

#7 Pappy's comment on productivity is very important.

The 1st Q of the calendar year had a declining GDP with increasing employment. That created the worst productivity decline in the history of measurement.

Productivity decline eventually works its way into the economy decreasing profits and govt revenue while putting upward pressure on prices. It takes more than a few months but it happens.

One of the reasons for the increase in employment numbers may be the end to the generous unemployment eligibility period.

Posted by lord garth 2014-07-04 18:18|| 2014-07-04 18:18|| Front Page Top

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