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  1. #51
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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  2. #52
    uups stups! Cant_Be_Faded's Avatar
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    here Duff one article it took three seconds to find:

    http://www.huffingtonpost.com/2010/0..._n_524468.html

    Census Jobs Boost Employment Numbers


    WASHINGTON — As census workers gear up to count us, they are counting themselves lucky to be employed.

    This once-a-decade temporary work force is giving a timely boost to the battered job market. Census workers accounted for nearly a third of the jobs added in March, when hiring occurred at the fastest pace in three years.

    Over the next two months, another 600,000 to 700,000 census jobs will be added, putting $10 to $25 an hour into the pockets of some desperate job seekers.

    Although these jobs will only last through mid-July, economists say they will provide a fortuitous stream of income to families and act as an employment bridge until summer, when more private employers are expected to ramp up hiring.

    The census hiring also comes in a year when President Barack Obama's economic stimulus package will peter out. The nonpartisan Congressional Budget Office estimates that stimulus spending added more than 1 million jobs last year.

    "It comes at a good time because you're transitioning from an economy that's slowly recovering to sustainable growth," said John Canally, an economist at Boston-based LPL Financial. "This is a good patchwork until then."

    Still, the census paychecks won't have a meaningful impact on the overall economy.

    The government has set aside $7.8 billion to conduct the census. That pales compared with last year's stimulus package of $862 billion.

    Yet the impact of these jobs cannot be overstated for people who were out of work.
    Story continues below

    "Census to the rescue," said 24-year-old Cierra Edwards of Toledo, Ohio. "I was so far behind. Rent started stacking up, bills, diapers."

    She hopes her job as office operations supervisor will last at least through the summer and make it easier to land another job.

    Michael Housewright, whose disc jockey business in the Detroit area all but dried up as people spent less on weddings and corporate parties, said the census work came at "exactly the right time." Housewright, 42, is hoping to land another government job, perhaps in homeland security, once his census job ends by early July.

    A single mother of three living in Dacula, Ga., Ivonne Chavez, 35, said her temporary census job "basically came and saved me." She was hired last June to promote the 2010 census, a year after losing her accounting job. Her original contract was set to end later this month but has been extended through May. She's hoping it will get extended again.

    The nation added 162,000 jobs in March, 48,000 of which were census jobs, the Labor Department reported Friday. The unemployment rate remained stuck at 9.7 percent for the third month in a row, largely because more people entered the work force.

    The big boost in census jobs anticipated in April and May could reduce the unemployment rate slightly. But these jobs are mostly part-time, and last six to eight weeks, so the unemployment rate is unlikely to bounce back in June without equivalent hiring from the private sector.

    Economists do not expect the jobless rate to drop to something more normal – in the range of 5.5 percent to 6 percent – until the middle of this decade.

    With 15 million Americans out of work, census officials say they are receiving an unusually high level of interest from highly qualified individuals.

    "We've got people on staff from doctors to lawyers to people who are fresh out of college," said Leslie Benjamin, a census recruiter in Washington, D.C.

    "The quality of the people we're hiring this decade is unprecedented," said Robert Groves, the director of the U.S. Census Bureau. "We're actually finishing our operations faster because they're so good. We are ... the beneficiaries of this horrible recession."
    Last edited by Cant_Be_Faded; 05-27-2010 at 11:26 PM.

  3. #53
    right about pizzagate Blake's Avatar
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    heres one article it took three seconds to find:
    The big boost in census jobs anticipated in April and May could reduce the unemployment rate slightly.
    good find

  4. #54
    uups stups! Cant_Be_Faded's Avatar
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    So they had one official estimate do ent. My bad. But beating the CBO's estimates isn't necessarily something to be happy about.

    The GDP increase and job increases may have exceeded their estimates, but they still don't mean much to me. I'm very skeptical of any job reports until the last two quarters of '10. Also, we will see how the economy turns now that the car buying has cooled off, and the home buying will cool off with the rebate expiring. I believe we will still see GDP increase through 2010, but GDP increasing means nothing for people looking for work. GDP increasing can very well be a function of the government expanding.

    The stimulus is still a huge sick joke. No fundamental take on the economy will lead you to any conclusion other than the stimulus is just pushing the problem down the road, and making us have to pay a higher price when the day of reckoning is at hand.

    Plus, the commerce department is lowering estimates for the first quarter 2010 GDP growth
    http://www.marke ch.com/story/fir...-30-2010-05-27

  5. #55
    uups stups! Cant_Be_Faded's Avatar
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    1) they were predicting the future, hence could

    2) unemployment is tricky to predict in any case, because the numbers submitted to the public and read in newspapers actually is only unemployed people who are seeking work. The seeking work part of the equation is difficult to predict.


    3) the numbers for march were factual

    4) had you read the sentence before the one you quoted, you'd understand without me numbering it out for you

  6. #56
    right about pizzagate Blake's Avatar
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    I read alright. 9.9% unemployment. Do you really think that is working better than expected, ass talker?
    this thread isnt about Obama's predictions, estimates or quotes.

    It's about the CBO, dumb ass talker.

  7. #57
    right about pizzagate Blake's Avatar
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    1) they were predicting the future, hence could
    1) dont forget "slightly"

    2) unemployment is tricky to predict in any case, because the numbers submitted to the public and read in newspapers actually is only unemployed people who are seeking work. The seeking work part of the equation is difficult to predict.
    2) The CBO talks about difficulties in the predictions. Good read for the curious.


    3) the numbers for march were factual
    3) exactly how much of a difference in the unemployment rate do you think the census takers made?

    since you have the numbers for march, don't be shy.......please share.

    4) had you read the sentence before the one you quoted, you'd understand without me numbering it out for you
    I understand you havent read the CBO

  8. #58
    uups stups! Cant_Be_Faded's Avatar
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    The nation added 162,000 jobs in March, 48,000 of which were census jobs, the Labor Department reported Friday. The unemployment rate remained stuck at 9.7 percent for the third month in a row, largely because more people entered the work force.
    What's up ens?

    I remember now. You're one of the, what are they called, oh yeah, re s on this forum.
    My bad for replying again to you.
    Never said unemployment affected much said it impacted total jobs added.

    Which was one of the two parameters mentioned in the OP.

    But, like i said, you're a re . So I understand that you don't understand this.

  9. #59
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    So they had one official estimate do ent. My bad. But beating the CBO's estimates isn't necessarily something to be happy about.

    The GDP increase and job increases may have exceeded their estimates, but they still don't mean much to me. I'm very skeptical of any job reports until the last two quarters of '10. Also, we will see how the economy turns now that the car buying has cooled off, and the home buying will cool off with the rebate expiring. I believe we will still see GDP increase through 2010, but GDP increasing means nothing for people looking for work. GDP increasing can very well be a function of the government expanding.

    The stimulus is still a huge sick joke. No fundamental take on the economy will lead you to any conclusion other than the stimulus is just pushing the problem down the road, and making us have to pay a higher price when the day of reckoning is at hand.

    Plus, the commerce department is lowering estimates for the first quarter 2010 GDP growth
    http://www.marke ch.com/story/fir...-30-2010-05-27
    I have huge problems with that statement but I have a new PS3 so its going to have to wait till tomorrow.

    I'll say this first though, any jobs that the stimulus adds help pay for the stimulus themselves and sometimes the cost (to a federal deficit fueled by lost tax dollars) of doing nothing outweighs the cost of actually doing something.

  10. #60
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    I have huge problems with that statement but I have a new PS3 so its going to have to wait till tomorrow.

    I'll say this first though, any jobs that the stimulus adds help pay for the stimulus themselves and sometimes the cost (to a federal deficit fueled by lost tax dollars) of doing nothing outweighs the cost of actually doing something.
    seriously. Statements this stupid should disqualify a person from talking about economics.

  11. #61
    right about pizzagate Blake's Avatar
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    not much Pussy

    I remember now. You're one of the, what are they called, oh yeah, re s on this forum.
    This is, what is it called, oh yeah, pussy humor.

    Never said unemployment affected much said it impacted total jobs added.
    I never said you said otherwise.

    I simply asked you a simple question which you are apparently too scared to answer, pussy.

    But, like i said, you're a re . So I understand that you don't understand this.
    I understand now that you are a pussy, so I understand why you don't want to answer a simple, rather harmless, question.

    Apparently you are either too lazy or actually too re ed to take a look at the OP and then read the CBO report to figure out what this thread is really about.

  12. #62
    uups stups! Cant_Be_Faded's Avatar
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    New jobs numbers for May show most new jobs due to census...

  13. #63
    Veteran jack sommerset's Avatar
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    New jobs numbers for May show most new jobs due to census...
    BP has hired alot of folks lately. Maybe Obama should thank them for the spill.

  14. #64
    dangerous floater Winehole23's Avatar
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    Check out the two red lines at the bottom. The solid one includes Census hiring, while the dotted line doesn't include it.


    What's clear is that while we still have a rebound including Census hiring, we're already flattening out on the dotted line. This is a shape not seen on the other lines. suggesting that the fall is extremely deep, and the recovery
    is shallow.
    Last edited by Winehole23; 06-04-2010 at 12:01 PM.

  15. #65
    Veteran DarrinS's Avatar
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    New private sector jobs - 41,000

    New govt jobs - 391,000


    http://www.bloomberg.com/apps/news?p...d=ar_thYFiXUk4

  16. #66
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    I've yet to see anyone post anything that says something other than what I'm saying. That includes WH's post, Darrin's post, and CBF's post.

    Negative feedback loops are a . I'm not sure how we can even argue that without stimulus we woudln't be in a much more precarious position.

  17. #67
    dangerous floater Winehole23's Avatar
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    You know the drill by now. There’s so much debt at every level -- consumer, corporate, and government -- that each time the bill comes due, we push it to the future or monetize it with more currency and additional credit creation.

    That “worked” for a while, masking our malaise through the lower dollar and skewing our true economic condition with the spending habits of a slimming margin of society.

    While this has been the preferred path of policymakers, the enormity of the condition is overwhelming the synthetic structure. This could conceivably continue although it comes at a cost that includes moral hazard, social unrest, protectionism, and geopolitical friction, all of which are ulative.

    The other road is less traveled and for good reason; it’s not particularly pleasant and few will benefit, at least initially. It’s a discussion we’ve had a few times through the years and delved a bit deeper into last week. (See: Return of the Phantom of Deflation)

    This bitter pill is swallowed as follows: we take the free market medicine of debt destruction and asset class deflation and eventually arrive at an outside-in globalization that sets the stage for a sustainable global recovery.
    http://www.minyanville.com/businessm.../2010/id/28555

  18. #68
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    Americans aren't ready for that WH. Its so easy to write articles about that but does any society ever willfully accept what comes down to a substantial lowering of their standard of living by choice?

    Less government spending means far more Americans out of work. That means our children are ed either way. We can talk about how future generations will have to deal with this if we don't control our debt, but the fact is they will have to deal with things if we DO somehow decide to control the debt now.

    Less government spending means more people out of work now, it means fewer people get access to government benefits such as education and health care. It means our infrastructure gets worse (and its already ). It means that we have fewer skilled workers and jobs go elsewhere at an even faster pace and it means that we start to fall even farther behind.

    The Japanse model doesn't sound so bad to me when you really think about staving off future problems really means future problems happen now and continue into the future.

  19. #69
    dangerous floater Winehole23's Avatar
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    Put another way, if we were allowed to enter recession after the tech bubble burst -- remember, the other side of the business cycle was considered anathema and we were deemed unpatriotic if we weren’t bullish -- we would already be on the road to recovery. Instead, we messed with Mother Nature and now she wants to -- and ultimately will -- exact her revenge.
    Bad debt needs to unwind and so do other asset classes. The longer we put it off, the more painful it will eventually be. Market forces will not be mocked forever.

    Cushioning the blow with stimulus and artificially low interest rates may not only have postponed the day of reckoning, it seems have created a whole new round of malinvestment (asset bubbles).

    Bottom line, stimulus and cheap money may have protected us from catastrophe in the short term, only to lay the foundation for a possibly worse one. As bad as a debt-deflation spiral in 2008 would have been, the consolidation, cheap money and deficits/indebtedness that were the solution to it have made any eventual correction vastly more dangerous and expensive to the body politic.

  20. #70
    dangerous floater Winehole23's Avatar
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    As I see it, the (temporary) efficacy of the stimulus is one of the prime reasons against it.

  21. #71
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    Bad debt needs to unwind and so do other asset classes. The longer we put it off, the more painful it will eventually be. Market forces will not be mocked forever.

    Cushioning the blow with stimulus and artificially low interest rates may not only have postponed the day of reckoning, it seems have created a whole new round of malinvestment (asset bubbles).

    Bottom line, stimulus and cheap money may have protected us from catastrophe in the short term, only to lay the foundation for a possibly worse one. As bad as a debt-deflation spiral in 2008 would have been, the consolidation, cheap money and deficits/indebtedness that were the solution to it have made any eventual correction vastly more dangerous and expensive to the body politic.
    What you don't understand is that the difference between bad and worse in this case is meaningless when bad is already worse than the societ is willing to accept.

    To put it this way, if option A kills you then who really cares how bad option B is?

  22. #72
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    As I see it, the (temporary) efficacy of the stimulus is one of the prime reasons against it.
    The way I see it we're debating one bullet to the head now vs two bullets to the head later.

  23. #73
    dangerous floater Winehole23's Avatar
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    That's Chicken little reasoning.

    The great depression didn't do us in. Why assume something similar would have this time?

  24. #74
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    WH, find me a viewpoint that gives us a doable way out of this situation where you can realistically expect a recovery that the American people would find acceptable when considering the current wealth distribution in our nation.

  25. #75
    dangerous floater Winehole23's Avatar
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    The way I see it we're debating one bullet to the head now vs two bullets to the head later.
    Which is more survivable, in your view?

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