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POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

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Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Ok, so the data needs to be a little richer in information.

For instance, if I retire tomorrow, and someone takes my spot, that's a net zero on the new employment rolls; and at the same time, it's a reduction in unemployment. With the bonus that if I planned my retirement right, I will continue to be a reliable consumer until I die.

So the data needs info about people who have the ability to stop working and still consumer, people who stop work and then have to rely on help, and people who just give up.

Which is to say, there's a lot of info that needs digested in a really good employment report. That makes sense.

Yes and no. That information is captured in other metrics, not just the officially reported U ratings. U itself has many different levels, and this is a direct copy from Wikipedia, which has it right:

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[47]
U1:[48] Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.[49]
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Yet again, lots of misreporting going on. Be clear: The Court specifically found that Stormy received everything she asked for in the lawsuit - she won. How people can claim this is a “loss” after we forced Trump and Cohen to cave and Cohen has been convicted, etc. is a mystery.</p>— Michael Avenatti (@MichaelAvenatti) <a href="https://twitter.com/MichaelAvenatti/status/1103809522538172416?ref_src=twsrc%5Etfw">March 8, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

This is 100% correct by the way. The reporting and Dump's glee about it has been ridiculous.

The lawsuit itself was ridiculous.

Daniels signed a non-disclosure agreement and Trump paid her money for it. Then when Avenatti wanted to make the talk show rounds with Daniels and chat about her night with Trump, he filed this lawsuit as a preemptive strike to try to prevent enforcement of the NDA. The problem is, as the judge noted yesterday, no one was trying to enforce the agreement. Thus the judge's decision which is basically, "why are you all here in front of me?"
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

The lawsuit itself was ridiculous.

Daniels signed a non-disclosure agreement and Trump paid her money for it. Then when Avenatti wanted to make the talk show rounds with Daniels and chat about her night with Trump, he filed this lawsuit as a preemptive strike to try to prevent enforcement of the NDA. The problem is, as the judge noted yesterday, no one was trying to enforce the agreement. Thus the judge's decision which is basically, "why are you all here in front of me?"

Winning!!
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Yes and no. That information is captured in other metrics, not just the officially reported U ratings. U itself has many different levels, and this is a direct copy from Wikipedia, which has it right:

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[47]
U1:[48] Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.[49]
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).

As I recall the gap between them doesn't really change at all, so as long as you stick with the same measure the trending picture will always be the same.

But I've always been far more comfortable calling "real" unemployment U6, which now is about 10%.

<img src="https://www.careercapitalist.com/.a/6a00d8345275cf69e201b8d24f2745970c-600wi" height="300">
 
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Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

The lawsuit itself was ridiculous.

Daniels signed a non-disclosure agreement and Trump paid her money for it. Then when Avenatti wanted to make the talk show rounds with Daniels and chat about her night with Trump, he filed this lawsuit as a preemptive strike to try to prevent enforcement of the NDA. The problem is, as the judge noted yesterday, no one was trying to enforce the agreement. Thus the judge's decision which is basically, "why are you all here in front of me?"

You keep telling yourself that...

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">...very common among celebrities and people of wealth. In this case it is in full force and effect and will be used in Arbitration for damages against Ms. Clifford (Daniels). The agreement was used to stop the false and extortionist accusations made by her about an affair,......</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/991994433750142976?ref_src=twsrc%5Etfw">May 3, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Now that he's said that he's going to use it, the judge's ruling effectively becomes moot and Trump just tweeted himself into another lawsuit on the matter. He's the smartest POTUS we've ever had!
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

The lawsuit itself was ridiculous.

Avenatti knows a lot more than I do about such things, but it's a little surprising it wasn't filed as a declaratory judgment action. Maybe that was pleaded as well. Wouldn't change much once trump admitted the Agreement was not enforceable.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Yes and no. That information is captured in other metrics, not just the officially reported U ratings. U itself has many different levels, and this is a direct copy from Wikipedia, which has it right:

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[47]
U1:[48] Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.[49]
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).

So here's one question that I wonder how it is counted- people who retire and are not backfilled.

IMHO, WRT the overall impact on the economy, if you choose to retire, then you have made plans to continue as a consumer in some way. Therefore, that loss in a job may be noted, but it's not a bad thing on the overall economy as whole.

When you have those kind of people, that's a reduction in the workforce, which offsets any new jobs as a net zero to the economy. Which would make a small reduction in the unemployment rate with an increase of jobs that does not match very well not a bad thing. The bad part about people leaving the work rolls are the ones who can not remain consumers in the overall economy. They are a net drain.

Does that make sense? I'm not sure it does to me.... lol.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

So here's one question that I wonder how it is counted- people who retire and are not backfilled.

IMHO, WRT the overall impact on the economy, if you choose to retire, then you have made plans to continue as a consumer in some way. Therefore, that loss in a job may be noted, but it's not a bad thing on the overall economy as whole.

When you have those kind of people, that's a reduction in the workforce, which offsets any new jobs as a net zero to the economy. Which would make a small reduction in the unemployment rate with an increase of jobs that does not match very well not a bad thing. The bad part about people leaving the work rolls are the ones who can not remain consumers in the overall economy. They are a net drain.

Does that make sense? I'm not sure it does to me.... lol.

The U-rate isn't measuring the number of people who have jobs, only the estimated number of people who are looking for work when compared to the estimated workforce. (Note: We do not have exact figures on either, it's all statistical analysis from a significant sample size.) So that one person has such little impact that it's not seen in the numbers. For the person still looking for work, there's no impact because that person still has to look for work elsewhere.

Don't get me wrong, for the Average Joe, eliminating that position because someone chose to leave is not a good thing. Until it happens in droves, there's little impact at the macroeconomic scale, and that's what's being measured with the unemployment rates.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

The U-rate isn't measuring the number of people who have jobs, only the estimated number of people who are looking for work when compared to the estimated workforce. (Note: We do not have exact figures on either, it's all statistical analysis from a significant sample size.) So that one person has such little impact that it's not seen in the numbers. For the person still looking for work, there's no impact because that person still has to look for work elsewhere.

Don't get me wrong, for the Average Joe, eliminating that position because someone chose to leave is not a good thing. Until it happens in droves, there's little impact at the macroeconomic scale, and that's what's being measured with the unemployment rates.

The thing is that there's a LOT of retirement without a backfill going on. Even the company I work for wants to downsize, and expect all of that to come from retirements. And for my specific company, that number is significant when compared to 20k new jobs.

So I'm trying to temper the pessimism of so many people leaving the job force. Otherwise, the news of so few people having such a big impact on the overall employment is really, really bad news.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

The thing is that there's a LOT of retirement without a backfill going on. Even the company I work for wants to downsize, and expect all of that to come from retirements. And for my specific company, that number is significant when compared to 20k new jobs.

So I'm trying to temper the pessimism of so many people leaving the job force. Otherwise, the news of so few people having such a big impact on the overall employment is really, really bad news.

Any way you slice it, 20K isn't a good thing. We need about 180K new jobs each month to handle the increase in population. Because we didn't get anywhere near that, we know people are dropping form the workforce numbers - reducing the denominator in the equation. And then Trump's going to tout it because his base won't look beyond the simple and wrong nature of his boastful tweets - most of them wouldn't know how to do so in the first place.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

That report about Faux and the President meant he was going to fall on the sword. They needed something to take away from the fact that the worlds worst kept secret was broken down in such an easily digestible manner that even Trumpers could understand it. (if they can read)
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Jobs report out- https://www.npr.org/2019/03/08/701448301/u-s-economy-loses-steam-adding-only-20-000-jobs-last-month

Only 20k new jobs when 180k was expected. At least the unemployment rate dropped to 3.8%- but I'm not sure how the math works that we get a .2% drop in unemployment with 20k additional jobs.... Something doesn't add up.

For the owners, earning is up- which says they could employ more (but they are not).

Not bad for the rich people who got a tax cut, not great for the lower and middle that thought dumpy was going to get them good paying jobs.

Wonder how much of the shutdown hamstrung that month?
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

Wonder how much of the shutdown hamstrung that month?

A guest on NPR today made that exact point, saying that you need to average the January and February numbers to account for the effect of the partial shutdown.
 
Re: POTUS 45:50: Crooked Hillary Clinton. The Real Collusion!!!!!!!

That rub and tug spot is going to be a cornucopia of headlines going forward. If they somehow have proof Vladamir Peedon was there...oh boy!
Well, the club may not be the direct connection, it appears that the founder of the spas found a more lucrative way to make money by providing a path to Trump for Chinese executives needing his ear...

Yang, who goes by Cindy, and her husband, Zubin Gong, started GY US Investments LLC in 2017. The company describes itself on its website, which is mostly in Chinese, as an “international business consulting firm that provides public relations services to assist businesses in America to establish and expand their brand image in the modern Chinese marketplace.” But the firm notes that its services also address clients looking to make high-level connections in the United States. On a page displaying a photo of Mar-a-Lago, Yang’s company says its “activities for clients” have included providing them “the opportunity to interact with the president, the [American] Minister of Commerce and other political figures.” The company boasts it has “arranged taking photos with the President” and suggests it can set up a “White House and Capitol Hill Dinner.” (The same day the Herald story about Yang broke, the website stopped functioning.)
The GY US Investments website lists upcoming events at Mar-a-Lago at which Yang’s clients presumably can mingle with Trump or members of his family. This includes something called the International Leaders Elite Forum, where Trump’s sister, Elizabeth Trump Grau, will supposedly be the featured speaker. Attendees, the site says, will include “Chinese elites from various countries, including the US states, as well as elite leaders from Taiwan, Hong Kong, Macau, Australia, Europe and other countries and regions.” Another event for which Yang’s firm says it can provide access is Trump’s annual New Year’s celebration at Mar-a-Lago.

And because nothing ever fully disappears from the internet, the Internet Archive has a snapshot of the website from last August.


Funny how the plug was pulled on the website the day the story broke. Didn't that happen with one of Manafort's websites too when an unsavory story broke?

Boy Trump sure surrounds himself with all the best people, doesn't he?
 
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