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With the temporary help needed for the upcoming holiday season, I have no doubt that it will decline, but it should have no bearing on how well the POTUS is performing. It would be better to wait until January for the real numbers.
 
In So Cal, the Black Friday and Christmas hiring rush is in full swing. Most of the department stores have lines out the door looking for part time seasonal work, with obviously no benefits.
 
here's why the unemployment numbers SEEM to indicate a positive trend.

http://research.stlouisfed.org/fred2/series/CIVPART

Its less people filing and claiming unemployment because so many more LESS are eligible to collect the benefit because first you have to GET A JOB which ain't there for young and old modestly skilled and educated folks. The young aren't getting in the picture and the old are being crossed out like a divorced spouse from the family picture album

I believe it's really a reflection of an end of an era of economic growth that was based on cheap, abundant natural resources-----energy in particular. Totally non-partisan perspective by the way.

This comes down to an understanding of and faith in the statistics we use. Here's a chart that illustrates how extreme these things can be with very slight misappropriations in the RATE of inflation. Notice the grey line from an expert on "alternative measures" of government statistics. Occasionally the public is exposed to such discussions on CNBC, the Wall Street Journal or New York Times but it's kind of insider, wonkish stuff and treated as a "fringe" opinion. It's a fringe opinion only because the owners of this country have a vested interest in what the media that they own sells to the viewer as legitimate data.

http://www.advisorperspectives.com/...edian-annual-real-growth-with-4-deflators.gif

If you use the government "headline" "adjusted" numbers it's no wonder that American voters walk to the poll like Stepford Wives and vote for the blue or red choices that their owners select for them. GOD BLESS AMERICA
 
I read an article i think yesterday that said 48% of adults are not working. True or not I don't know.

Daris
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maybe that's talking about PRIVATE SECTOR employment so all the government jobs don't count

22 million work for government

http://research.stlouisfed.org/fred2/series/USGOVT?cid=32325

88.7 million are not working according to this measure

http://research.stlouisfed.org/fred2/series/LNS15000000

with 133.5 working according to this measure

http://research.stlouisfed.org/fred2/series/PAYEMS?cid=32305

and here's the "adult" population excluding the military, prison inmates and those otherwise institutionalized.

http://research.stlouisfed.org/fred2/series/CNP16OV?rid=50&soid=22
 
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Headlines in today's paper


Unemployment rates fell significantly last month throughout Los Angeles County, the Inland Empire and California, adding fuel to the state's economic recovery.

Los Angeles County's jobless rate dipped to 10.6 in September, down from 11 percent in August and 12.4 percent a year earlier, the state Employment Development Department reported Friday.

The county boosted its payrolls by 37,100 jobs during the month and 66,100 over the year.

Countywide, the government sector posted the biggest increase in September, with the addition of 11,900 jobs. Education and health services followed, with 10,200 new jobs.

Additional growth was seen in trade, transportation, utilities and the information sector, as well as in professional and business services, financial activities and leisure and hospitality.

The biggest monthly decline occurred in construction, which lost 3,400 jobs.

"We typically see gains in jobs from August to September because retailers are ramping up for the holiday season," said Robert Kleinhenz, chief economist for the Los Angeles County Economic Development Corp. "The last three months have been good for California's labor market and here in Southern California."

Kleinhenz said this year is much like last year in that jobless rates held fairly steady until later in the year when they began to drop significantly.



Read more: http://www.sgvtribune.com/ci_21813514/state-local-counties-see-drop-unemployment#ixzz29shuNe00
 
Headlines in today's paper


Unemployment rates fell significantly last month throughout Los Angeles County, the Inland Empire and California, adding fuel to the state's economic recovery.

Los Angeles County's jobless rate dipped to 10.6 in September, down from 11 percent in August and 12.4 percent a year earlier, the state Employment Development Department reported Friday.

The county boosted its payrolls by 37,100 jobs during the month and 66,100 over the year.

Countywide, the government sector posted the biggest increase in September, with the addition of 11,900 jobs. Education and health services followed, with 10,200 new jobs.

Additional growth was seen in trade, transportation, utilities and the information sector, as well as in professional and business services, financial activities and leisure and hospitality.

The biggest monthly decline occurred in construction, which lost 3,400 jobs.

"We typically see gains in jobs from August to September because retailers are ramping up for the holiday season," said Robert Kleinhenz, chief economist for the Los Angeles County Economic Development Corp. "The last three months have been good for California's labor market and here in Southern California."

Kleinhenz said this year is much like last year in that jobless rates held fairly steady until later in the year when they began to drop significantly.



Read more: http://www.sgvtribune.com/ci_21813514/state-local-counties-see-drop-unemployment#ixzz29shuNe00

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Doesn't this highlight the distortion these headline numbers reflect?

This site I found
http://www.labormarketinfo.edd.ca.gov/Content.asp?pageid=164

shows that in 1990 Los Angeles County had 4.1-4.3 million jobs. The latest month on this data shows 4.3 million jobs. So in 22 years our economy has absorbed.........your tired, your poor, Your huddled masses yearning to breathe free. The wretched refuse of your teeming shore. by the millions------yet NET we've created roughly ZERO net jobs jobs.

Wonder how that works keeping down labor costs? Oh yeah, I live here so I don't have to wonder. We don't count illegal aliens and then think we're going to have valid numbers to compare the economies progress in Southern California?

Wow, that's stupid/evil.
 
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Not so many illegals like AZ anymore. :rolleyes: But there are still some if you look hard enough.

Just saying, barely a dent for holiday sales hiring here in Sept. Note the numbers are a month and a half behind.

Like I mentioned on FB. Roads, bridges, paving...infrastructure all over. Can't drive across townb without hitting a couple.

Stores are noticeably busier, HD's and Lowes always busy. Freeways are packed with semi's.

Car sales are up. My kid just bought a Ferd cus he got a job right outa college. So did his fiance. Was there yesterday so sign off tittle of the poor old Jeep and we had to wait for 20 minutes just to do that cus every avaliable person was selling cars. And this is a large outfit. He had his Ferd Focus a week now. I like it.

Who would want to live in La La land anyway.
 
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We stopped at a dealership Friday about getting some work done. Our salesman stopped and said Hi but apologized that he was too busy to talk. Said he had 5 new cars going out that day. (Ours was used, bought it 18 months ago, can't afford a new one.)
 
We stopped at a dealership Friday about getting some work done. Our salesman stopped and said Hi but apologized that he was too busy to talk. Said he had 5 new cars going out that day. (Ours was used, bought it 18 months ago, can't afford a new one.)

I'm sure it will trickle down to new flooring as well, some day.
 
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