Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (119054)	12/3/2011 10:35:12 AM
From: longnshort	3 Recommendations Respond to of 224718

but really: The number of new jobs, which comes from different data from the U.S. Labor Department, at 120,000, fell just short of economists' expectations of 125,000 new openings. The surprise drop in the unemployment rate reflects both a pick-up in economy activity and growing number of Americans who've given up looking for a job aren't therefore counted as "unemployed." [4] November's figure, 8.6 percent, is actually the proportion of Americans unemployed, "as a percent of the civilian labor force," as per the official definition from the Labor Department (a figure it refers to as "U-3," the official unemployment rate). When considering those that fit that definition as well as discouraged workers (U-4), those marginally attached to the work labor force (U-5) and those that are employed part-time and seeking full-time employment but can't find it, the Labor Department has another statistic, which it refers to as U-6; for the month of November, that figure is at 15.6 percent. The actual number of Americans who have given up a while ago isn't firm, but the latest statistics -- though painted pretty by the Department of Labor -- reveal that November saw 315,000 new Americans abandoning their job hunt. [5] It's hard to tell from the Labor Department's data, but academic research suggests that as workers' long-term unemployment benefits run out, they might either drop out of the workforce or end up finding a job because they intensified their search. This would push down the unemployment rate. U.S. lawmakers are debating whether to extend extra long-term unemployment benefits into 2012, but it is also possible that some people are leaving the workforce even now as their benefits expire. Others might be finding work. Shortly before the November jobs report, economists at Goldman Sachs estimated this factor alone could push the unemployment rate down to 8.6 percent by early 2012 if unemployment benefits are not extended. That estimate also assumes no underlying improvement in labor market conditions. [6] newsfeedresearcher.com

To: Kenneth E. Phillipps who wrote (119054)	12/3/2011 11:21:46 AM
From: locogringo	6 Recommendations Read Replies (2) \| Respond to of 224718

Obama inherited an unemployment rate of 10.1% from Bush. Same tired mantra! Exactly what do you get for LYING and being a prostitute for Obama? Joe posted a list of unemployment figures for years, and you still think you can get away with LYING? Whassup with that? Unemployment went straight up under Obama. Bush was NOT in Washington. When do you and your FAILED President take responsibility?

To: Kenneth E. Phillipps who wrote (119054)	12/3/2011 11:22:20 AM
From: longnshort	4 Recommendations Read Replies (2) \| Respond to of 224718

It must be nice being President... Obama to jet off to Hawaii for SEVENTEEN DAY Christmas vacation By Daily Mail Reporter Last updated at 6:59 AM on 3rd December 2011 While most Americans are lucky to get a few weeks of holiday every year, it seems the country’s leader gets a little more freedom in the matter. President Barack Obama has announced his Christmas vacation to Hawaii – for a staggering 17-day trip. Obama, who visited the island just two weeks ago for an economic summit, will head to Honolulu on Saturday December 17 until Monday January 2. Taking it easy: President Obama, pictured playing golf, has announced he will take off more than two weeks to visit Hawaii with his wife and daughters The president, who was raised in Hawaii until he was six, will be joined by his wife Michelle and their daughters, Malia, 13, and Sasha, 10. The White House travel office announced the president has no public events scheduled for the trip. The President's family covers the cost of a private beach front residence in Kailua, Oahu, for their vacation - a ‘Winter White House’ that costs up to $3,500 a day, or $75,000 a month. But the local and federal taxpayers help pay the bill for travel and security. Home for Christmas: President Barack Obama, pictured at the White House Tribal Nations Conference on Friday, lived in Honolulu, Hawaii until the age of six Last year the trip cost more than $1 million,according to the Hawaii Reporter. Obama announced the trip during a campaign fundraiser on Oahu's Leeward Coast during his stay on the island last month. THE HEFTY HOLIDAY BILL Last year the Obama's Christmas trip to Hawaii cost more than $1 million. He covered the cost of his family's accommodation, but the rest was covered by the taxpayers. The bill to house Secret Service agents and Navy Seals in beach front accommodation stretched to $16,80. A further hotel bill of $134,400 covered 24 White House staff staying in the Moana Hotel at a rate of $400 a day. The estimate, by the Hawaii Reporter, also included $250,000 for local police overtime, $1 million for the president's own round trip flight to Hawaii on Air Force One, and $10,000 for a local ambulance to accompany the presidential motorcade. ‘It is great to be home, great to feel that Aloha spirit,’ he said. ‘And Michelle and the girls will be back shortly for Christmas vacation, as we do every year. We'll see if Washington gets its business done, so I can get here as well. But that's always a challenge.’ It follows an 11-day stay in Martha’s Vineyard, Massachusetts, earlier this year, which is also believed to have cost the U.S. taxpayer millions. Next week, the president will be saving a few cents by hosting a meeting with Canadian Prime Minister Stephen Harper. Obama will speak with Harper at the White House about economic competitiveness, security and key global issues. Harper has urged Obama to support an oil pipeline from western Canada to the U.S. Gulf Coast. But the Obama administration said last month it was delaying a decision on the project until it can study new potential routes that would avoid environmentally sensitive areas in the Midwest. The decision is expected to be delayed until 2013.

To: Kenneth E. Phillipps who wrote (119054)	12/3/2011 11:40:44 AM
From: locogringo	3 Recommendations Read Replies (1) \| Respond to of 224718

Real Unemployment 11 Percent; Total Unemployment 15.6 Percent In the last year, the civilian population rose by 1,726,000. Yet the labor force fell by 67,000. Those not in the labor force rose by 1,793,000. In November, those "Not in Labor Force" rose by a whopping 487,000. If you are not in the labor force, you are not counted as unemployed. Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%. Jobs Report at a Glance Here is an overview of November Jobs Report, today's release. US Payrolls +120,000 US Unemployment Rate Declined .4 to 8.6% Civilian labor force fell by 315,000 Those Not in Labor Force rose by 487,000 Participation Rate fell .2 percentage points to 64.0%, nearly matching a low last seen in 1984 Actual number of Employed (by Household Survey) rose by 278,000 Unemployment fell by 594,000 Civilian population rose by 172,000 Average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours for the second consecutive month. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down 0.1 hour to 33.6 hours in November. Average hourly earnings for all employees in the private sector fell by 2 cents to $23.18 Government employment decreased by 20,000 The private sector has only recovered 33 percent of jobs lost in the peak-to-trough period of January 2008 to February 2010. finance.townhall.com