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Thread: Romney=Obama
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12-14-11, 10:43 PM #12Re: Romney=Obama
So using photoshop to doctor an image they made in a graphing program is much more likely? I am not saying one way or the other, just saying that first, many of you are quick to jump on anyone that has some hypothetical theory about how things in the world work, and second, most graphing programs aren't that "ornate" which leads me to believe it is more graphics than graphing.
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12-15-11, 07:12 AM #14
Re: Romney=Obama
Scott, it's due to how unemployment and the unemployed are counted. Without delving to far into the details, people that have stopped looking for work are not counted among the unemployed. I think it's silly to not count them but I think it's been done that way for a long time.
So, if 120k people took employment and another 100k stopped looking, to the unemployment numbers that effectively looks like a 220k+ gain. Though it really isn't because those 100k who stopped looking are still out of work.
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12-15-11, 07:32 AM #15
Re: Romney=Obama
Thanks Al, i understand about not counting those that are no longer seeking employment. But i would think that formula would apply to Julys number as well. And taking into account that the 120k is seasonally adjusted, a one tenth of one percent drop would be expected, but not .4%. Also, the overall pool of employed people has grown since July, reducing the overall impact that 120K jobs would have on the whole.
If that 8.6% is the result of changing the formula, than that makes sense. Either way a drop in unemployment is a good thing, and i cant think of a better time of year to release news that should bolster consumer confidence.Last edited by SpecOpsScott; 12-15-11 at 07:33 AM.
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12-15-11, 07:49 AM #16Re: Romney=Obama
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