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Getbig Main Boards => Politics and Political Issues Board => Topic started by: andreisdaman on September 06, 2013, 11:20:42 AM
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
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Lmfao.
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Lmfao.
thats all you can do..........laugh as the unemployment rate keeps going down and you are proven wrong again
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
Hahahaha, credit for what? LMAO
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90,473,000: Record Number Not in Labor Force--Up Almost 10M Under Obama
September 6, 2013 - 9:42 AM
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By Terence P. Jeffrey
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President Barack Obama (AP Photo/Manuel Balce Ceneta)
(CNSNews.com) - The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.
The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000--a one month increase of 516,000.
In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 9,966,000 during Obama's presidency.
Part of the increase in the number Americans not participating in the labor force can be explained by Baby Boomers reaching retirement age and deciding to stop working--and not be replaced by an equal number of younger people reaching age 16 and thus becoming part of the BLS labor force population.
However, it is also true that the overall percentage of the non-institutionalized population over the age of 16 that is working or seeking to work in the United States--which BLS calls the employment-population ratio--has declined significantly in recent years.
From July to August, it dropped from 58.7 percent to 58.6 percent. In January 2009, when President Barack Obama took office, it was 60.6 percent. It reached an historical peak in April 2000, when it was 64.7 percent.
http://www.cnsnews.com/news/article/terence-p-jeffrey/90473000-record-number-not-labor-force-almost-10m-under-obama
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http://www.cnsnews.com/news/article/terence-p-jeffrey/90473000-record-number-not-labor-force-almost-10m-under-obama
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Haha, is this asshole serious?
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Haha, is this asshole serious?
all I said was that the unemployment rate is going down..steadily and surely...and that Obama should get credit....I made no other claims....the stats prove me right
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Unemployment Rate Down 0.5% in 56 Months Since Obama Became President
September 6, 2013 - 9:12 AM
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By Michael W. Chapman
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Follow Michael W. Chapman on Twitter 152 110
(Associated Press photo)
(CNSNews.com) – Over the last 56 months – since Barack Obama became president in January 2009 --unemployment has dropped 0.5%, from a rate of 7.8% in January 2009 down to 7.3% in August 2013, according to the latest numbers from the Bureau of Labor Statistics (BLS).
During those 56 months, the unemployment rate rose substantially to a high of 10% in October 2009 and stayed in the high 9% range for 2010 and much of 2011. In January 2012, the unemployment rate was 8.3%. It crept down to 7.8% in December 2012, exactly what it was when Obama was inaugurated (and George W. Bush left office).
That rate has stayed in the mid-7% range so far in 2013 and is at 7.3% for August, according to the BLS data.
The unemployment rate has not fallen below 7.3% in the last 5-plus years.
The seasonally adjusted BLS data, released today, is for all U.S. workers ages 16 and older.
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90,473,000: Record Number Not in Labor Force--Up Almost 10M Under Obama
September 6, 2013 - 9:42 AM
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By Terence P. Jeffrey
Subscribe to Terence P. Jeffrey RSS 744 298
President Barack Obama (AP Photo/Manuel Balce Ceneta)
(CNSNews.com) - The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.
The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000--a one month increase of 516,000.
In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 9,966,000 during Obama's presidency.
Part of the increase in the number Americans not participating in the labor force can be explained by Baby Boomers reaching retirement age and deciding to stop working--and not be replaced by an equal number of younger people reaching age 16 and thus becoming part of the BLS labor force population.
However, it is also true that the overall percentage of the non-institutionalized population over the age of 16 that is working or seeking to work in the United States--which BLS calls the employment-population ratio--has declined significantly in recent years.
From July to August, it dropped from 58.7 percent to 58.6 percent. In January 2009, when President Barack Obama took office, it was 60.6 percent. It reached an historical peak in April 2000, when it was 64.7 percent.
http://www.cnsnews.com/news/article/terence-p-jeffrey/90473000-record-number-not-labor-force-almost-10m-under-obama
Terrible labor numbers.
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all I said was that the unemployment rate is going down..steadily and surely...and that Obama should get credit....I made no other claims....the stats prove me right
Get credit for what? For a .5% decrease? He is missing the mark by over 2%. We would have seen better numbers if he had done NOTHING.
We should credit him for spending over a trillion dollars in order to get a .5% reduction in UE rate for the 5 years that he has been president and for having more people not looking for work and/or on welfare than any other president in the history of the USA.
Oh, I guess that is what you mean. Right?
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crickets
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Haha thread not going as planned
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all I said was that the unemployment rate is going down..steadily and surely...and that Obama should get credit....I made no other claims....the stats prove me right
300000 dropped out of the workforce and last months revised lower. Shove it up your ass.
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:-[
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http://www.breitbart.com/Big-Government/2013/09/06/Black-unemployment-leaps-to13-percent
Shove it up your ass obama slave.
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I used to provide long responses mocking you, but I think its time I stopped. In retrospect, I really think that you have some sort of undiagnosed learning disability.
Your celebratory response to the latest job figures is irrefutable evidence that your IQ is equivalent to a jar of mayonnaise.
A jar of Mayonnaise at least has the sense to know its place.
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Labor participation rate at 40 year low.
BBBOOOMMMM.
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300000 dropped out of the workforce and last months revised lower. Shove it up your ass.
now you're talking my language :)
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http://www.breitbart.com/Big-Government/2013/09/06/Black-unemployment-leaps-to13-percent
Shove it up your ass obama slave.
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the Labor participation rate will always keep going down because our population gets bigger
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the Labor participation rate will always keep going down because our population gets bigger
Lol. More excuses for otwink.
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the Labor participation rate will always keep going down because our population gets bigger
i sincerely hope you are just trying to troll...
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i sincerely hope you are just trying to troll...
again..another failed attempt to link Obama to some negative stat...the Labor Participation rate has been trending downward since 1999........due to many trends......Robotics replacing human workers....a growing aging population where many people who can still work have retired.....and globalization.....
again..this has been trending since 1999...can you blame Obama for that???????????????????????????????
http://www.ritholtz.com/blog/2012/12/us-labor-force-participation-rate/
IDIOTS
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the Labor participation rate will always keep going down because our population gets bigger
You do understand that the reason the UE rate dropped is over 300,000 stopped looking for work?
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again..another failed attempt to link Obama to some negative stat...the Labor Participation rate has been trending downward since 1999........due to many trends......Robotics replacing human workers....a growing aging population where many people who can still work have retired.....and globalization.....
again..this has been trending since 1999...can you blame Obama for that???????????????????????????????
http://www.ritholtz.com/blog/2012/12/us-labor-force-participation-rate/
IDIOTS
None of those factors equate to the rate at which people have dropped out.
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
It's down, chump, due to an increase in the number of people who have given up looking for jobs, and are therefore dropped from the number of job seekers. The more significant measure, the number of new jobs added, fell short of projections.
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Some people do not understand how the Govt cooks the books no matter how you explain it. Every stat has at least two metrics to report for a reason. Like inflation not including the cost of energy and food...the main things that the poor have to pay more for...which is also a larger percentage of their income.
A month or two ago the jobs number was 160k and it was revised down to 104k. This takes a collaboration between the people who hold office, the people they appoint who used to tell the truth(which was their job) and the press - who is either all too willing or coerced to not report anything bad about the economy.
Just look at the fundamentals of this job market or stock market...it's fantasy that we are under 10% unemployment. It's fantasy that the Dow is near 15k...there is no revenue growth. No added value to support these numbers.
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all I said was that the unemployment rate is going down..steadily and surely...and that Obama should get credit....I made no other claims....the stats prove me right
OK...either this is a joke or ur dumb as a bag of hammers.....if everybody drops dead, unemployment will go to zero, same thing by ur thinking. U can't defend this and neither can your savior.
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again..another failed attempt to link Obama to some negative stat...the Labor Participation rate has been trending downward since 1999........due to many trends......Robotics replacing human workers....a growing aging population where many people who can still work have retired.....and globalization.....
again..this has been trending since 1999...can you blame Obama for that???????????????????????????????
http://www.ritholtz.com/blog/2012/12/us-labor-force-participation-rate/
IDIOTS
so let me understand your argument.
1.you argue that obama is to credit for the unemployment number decreasing.
2. The decrease however is a result of the increase of people who stopped looking for work.
3. and obama is not to blame for people who stopped looking for work.
please, oh please come back to this thread andre and explain yourself
It would literally make my day....
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ps
the labor participation rate has taken an extreme nose dive since obama has taken office...but what do facts have to do with this, right andre?
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It's down, chump, due to an increase in the number of people who have given up looking for jobs, and are therefore dropped from the number of job seekers. The more significant measure, the number of new jobs added, fell short of projections.
you idiot.. not all people who drop out of the workforce do so because they can't find a job...
Some people drop out due to pregnancy...due to wanting to stay home and pay more attention to raising their children....some drop out to go to school ..others to start businesses...people stop looking for work for a variety of reasons...not just because they can't find a job
sorry I had to destroy you...but thats the truth
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so let me understand your argument.
1.you argue that obama is to credit for the unemployment number decreasing.
2. The decrease however is a result of the increase of people who stopped looking for work.
3. and obama is not to blame for people who stopped looking for work.
please, oh please come back to this thread andre and explain yourself
It would literally make my day....
read the article
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ps
the labor participation rate has taken an extreme nose dive since obama has taken office...but what do facts have to do with this, right andre?
dude...the labor participation rate has been in a steady decline since 1999...thats the point..it will continue to go down even after Obama leaves office......my point is why do you want to all of sudden blame him for that when its been going down since the presidencies of Bush 1, Clinton, and Bush 2......yet all of a sudden its Obama's fault????
you have no credibility...get lost
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A person that would claim that Obama is having success right now is either a fool or a liar.
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you idiot.. not all people who drop out of the workforce do so because they can't find a job...
Some people drop out due to pregnancy...due to wanting to stay home and pay more attention to raising their children....some drop out to go to school ..others to start businesses...people stop looking for work for a variety of reasons...not just because they can't find a job
sorry I had to destroy you...but thats the truth
Well, the bad news is that you only destroyed yourself. The OP was touting the drop in unemployment as some kind of achievement for Obama. However, the reduction in the unemployment rate this time was due to people who stopped looking for work - want work, but can't find it, and stopped looking. Obama gets no credit for that. The important number is the number of new jobs, which came in below projections. So "real" unemployment has not gone down. The decrease in the unemployment rate is due to a increase in people who have stopped looking for work. Period. Of course there are people who drop out of the labor force for other reasons. Are you really that simple? Read some of the other posts on this thread that make the same point, Einstein.
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i could spin this and get into a debate here, but really, it's not even fun to kneepad for debate's sake anymore lol... economy sucks.
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
Great, more part time jobs serving burgers have been created, bravo. If they measured unemployment as they did in the 70's, it would be multiples higher than 7.3%.
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read the article
so your retort is to deflect, awesome...
dude...the labor participation rate has been in a steady decline since 1999...thats the point..it will continue to go down even after Obama leaves office......my point is why do you want to all of sudden blame him for that when its been going down since the presidencies of Bush 1, Clinton, and Bush 2......yet all of a sudden its Obama's fault????
you have no credibility...get lost
look at 2008 there brainchild, do you see the increase in the rate of reduction?
Im assuming you know how to read a chart and know what "increase in the rate of reduction" means, if not just ask and Ill explain it
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A person that would claim that Obama is having success right now is either a fool or a liar.
that's like saying only steers and queers live in Texas
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dude...the labor participation rate has been in a steady decline since 1999...thats the point..it will continue to go down even after Obama leaves office......my point is why do you want to all of sudden blame him for that when its been going down since the presidencies of Bush 1, Clinton, and Bush 2......yet all of a sudden its Obama's fault????
you have no credibility...get lost
Facts seem to be something you can't grasp so here's some more. If the economy is doing so great, why are tax witholdings and earnings declining? Tax witholdings show that income and earning are DOWN. In a growing economy, this would be the opposite. More jobs = more taxes being taken. So your theory breaks down when you look at the facts.
http://www.zerohedge.com/news/2013-09-09/guest-post-if-employment-so-great-why-are-withholding-taxes-declining
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Facts seem to be something you can't grasp so here's some more. If the economy is doing so great, why are tax witholdings and earnings declining? Tax witholdings show that income and earning are DOWN. In a growing economy, this would be the opposite. More jobs = more taxes being taken. So your theory breaks down when you look at the facts.
http://www.zerohedge.com/news/2013-09-09/guest-post-if-employment-so-great-why-are-withholding-taxes-declining
What the hell is wrong with you?
You keep bringing up facts.
You need to be more like andre and start posting comments with no shred of evidence to support your assertions.
SHAME ON YOU!!
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you idiot.. not all people who drop out of the workforce do so because they can't find a job...
Some people drop out due to pregnancy...due to wanting to stay home and pay more attention to raising their children....some drop out to go to school ..others to start businesses...people stop looking for work for a variety of reasons...not just because they can't find a job
sorry I had to destroy you...but thats the truth
Then why is it the elderly are now the ones working more than any other age group? Elderly part timers are the only ones finding jobs, everyone else in every age group can't find work.
http://www.zerohedge.com/news/2013-09-06/chart-day-august-job-additions-or-rather-losses-age-group
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/Job%20Gains%20By%20Age.jpg)
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The title of this thread needs to be changed. The only one getting the crap kicked out of him is andre.
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The title of this thread needs to be changed. The only one getting the crap kicked out of him is andre.
keep dreaming.......unemploym ent dropped you fool..thats the only number that counts..oh wait..it only counts to you guys when it goes up.....
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keep dreaming.......unemploym ent dropped you fool..thats the only number that counts..oh wait..it only counts to you guys when it goes up.....
I guess all those under 25 people who can't find jobs just dropped out of the work force to paint, have babies and "find themselves while backpacking across Europe".
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keep dreaming.......unemploym ent dropped you fool..thats the only number that counts..oh wait..it only counts to you guys when it goes up.....
You don't know what the hell you are talking about.
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is obama a good president?
i dont follow politics give me a simple yes or no anwswer
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keep dreaming.......unemploym ent dropped you fool..thats the only number that counts..oh wait..it only counts to you guys when it goes up.....
What's it like being 50-something years old and this stupid?
Fucking sheep.
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is obama a good president?
No.
i dont follow politics give me a simple yes or no anwswer
You don't seem to "follow" much of anything.
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http://www.zerohedge.com/news/2013-09-10/what-happens-when-bureau-labor-statistics-caught-lie
More lies about employment, BLS caught red-handed manipulating data.
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No.
You don't seem to "follow" much of anything.
only bodybuilding dvds of ronnie coleman
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only bodybuilding dvds of ronnie coleman
Oh. That explains it.
Coleman was all drugs. Hope this helps.
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Oh. That explains it.
Coleman was all drugs. Hope this helps.
oh really
then why doesnt derek anthony look like coleman?
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oh really
then why doesnt derek anthony look like coleman?
Neither one of them look like a true bodybuilder.
The stupid size game killed bodybuilding. All these morons dropping like flies from heart attacks, kidney failure and cancer.
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This kinda like someone bragging on Facebook about winning some weight loss competition but then you find out the person that the person bragging has Stage 3 lung cancer and is currently taking chemo-therapy.
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Neither one of them look like a true bodybuilder.
The stupid size game killed bodybuilding. All these morons dropping like flies from heart attacks, kidney failure and cancer.
::) ::)
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::) ::)
Dude...go back to your deep knee bends and curling in the squat rack.
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I guess all those under 25 people who can't find jobs just dropped out of the work force to paint, have babies and "find themselves while backpacking across Europe".
Dude..the fact is that there is an on-going serious dislocation of young people and all people 55 and under.....lots of it is due to globalization and also robotics taking away jobs...as we modernize we need less workers.....also corporate america doesn't use as many workers as they used to ......they simply make one person do three jobs that used to go to three different workers....many of our jobs are being outsourced to other countries...its that simple...thats not Obama's fault....its a trend thats been on-going and will continue to get bigger....our middle class jobs are going overseas to people who can do it cheaper...simple as that...blame the NAFTA agreement and competition from the Indians and chinese
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What's it like being 50-something years old and this stupid?
Fucking sheep.
I don't even try to have any intellectual conversation with you since its like talking to a horse-faced child.....
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Dude..the fact is that there is an on-going serious dislocation of young people and all people 55 and under.....lots of it is due to globalization and also robotics taking away jobs...as we modernize we need less workers.....also corporate america doesn't use as many workers as they used to ......they simply make one person do three jobs that used to go to three different workers....many of our jobs are being outsourced to other countries...its that simple...thats not Obama's fault....its a trend thats been on-going and will continue to get bigger....our middle class jobs are going overseas to people who can do it cheaper...simple as that...blame the NAFTA agreement and competition from the Indians and chinese
While true, the decline has been at a steady pace up until this administration has taken over which the rate has increased sharply. Anyone can see as it was already pointed out in this thread. The fact is that it's not the sole responsibility of this administration, they've done nothing to steady the decline or attempt to reverse it. Obama had 2 years of a democratic controlled senate and house and they couldn't even pass a budget. It just shows the overall incompetency of our government as a whole.
People are not placing the entire fault on Obama, but he and his cronies are to blame for doing nothing to counter the issues we're facing and his policies have only compounded the problem.
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UE numbers are total BS these days. Weird thing to even discuss with all the reinvention of how they obtain the #s and how many aren't even looking anymore.
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UE has always been BS... It's not a new thing.
Trader Joes is ending coverage for all part times - yeah and Im the one getting my ass kicked ::) ::)
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Just a few more things to consider: a great article "When it Pays not to Work" http://www.economics21.org/commentary/when-it-pays-not-work
"Lawrence Lindsey, president and chief executive officer of The Lindsey Group, estimates that if the labor force participation rate were the same today as it was before the recession began, the unemployment rate would be 11.2 percent, rather than 7.3 percent.
One reason for this continuing trend is the panoply of government benefits, including unemployment insurance, now available up to 73 weeks, depending on the state. On average, unemployed Americans can receive 53 weeks of unemployment insurance, up from 26 weeks before the recession.
Over 8.9 million adults received disability insurance from the Social Security Administration in July 2013, the latest data available. The number of people receiving benefits is 23 percent higher compared to five years earlier and 55 percent higher than 2003. Benefits are higher, too. Recipients get an average of $1,129 monthly, 12 percent more than in 2008 and 35 percent more than in 2003.
Over 47 million Americans receive benefits from the Supplemental Nutrition Assistance Program (formerly food stamps), Other elements of the federal safety net include mortgage relief, and Temporary Assistance to Needy Families. The provision of subsidized health care for those earning below 400 percent of the poverty line under the Affordable Care Act, beginning in 2014, will exacerbate this.
These programs have expanded in two ways. Eligibility has increased, and the programs have become more generous."
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Just a few more things to consider: a great article "When it Pays not to Work" http://www.economics21.org/commentary/when-it-pays-not-work
racist statistics dont prove anything, right andre?
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keep dreaming.......unemploym ent dropped you fool..thats the only number that counts..oh wait..it only counts to you guys when it goes up.....
You are a true numbskull.
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I do not think Obama is kicking your ass or anyone else's... Let's be clear... Russia owned him just yesterday... with an assist from John Kerry. ;)
this is a very nutty statement...Russia was desperate to stop the U.S. from giving Syria and Russia by extension, a good old ass-whupping..thats why they put that proposal out there out of desperation
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racist statistics dont prove anything, right andre?
I didn't say anything about racism..so why are you bringing it up????????????????
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this is a very nutty statement...Russia was desperate to stop the U.S. from giving Syria and Russia by extension, a good old ass-whupping..thats why they put that proposal out there out of desperation
They capitalized on a major blunder making a brilliant political move to make the US put their money where their mouth is.
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http://cnsnews.com/news/article/terence-p-jeffrey/23116928-20618000-households-food-stamps-now-outnumber-all-households
http://www.fns.usda.gov/pd/34SNAPmonthly.htm
A record 23,116,928 American households were enrolled in the federal government’s Supplemental Nutrition Assistance Program (SNAP)—AKA food stamps—during the month of June, according to data released this month by the Department of Agriculture.
That outnumbers the 20,618,000 households that the Census Bureau estimated were in the entire Northeastern United States as of the second quarter of 2013.
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http://www.census.gov/prod/2013pubs/p60-245.pdf
During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000, according to data released today by the Census Bureau.
The record total of approximately 46,496,000 people in the United States who are now in poverty, according to the Census Bureau, is more than twice the population of Syria, which, according to the CIA, has 22,457,336 people.
In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017. Thus, real median household income dropped $2,627—or 4.89 percent—from 2008 to 2012.
In fact, real median household income dropped in every year of Obama's first term. In 2008, when he was elected, it was $53,644. In 2009, the year he was inaugurated, it dropped to 53,285. In 2010, his second year in office, it dropped to $51,892. In 2011, his third year in office, it dropped to $51,100. And, in 2012, his fourth year in office, it dropped to $51,017.
At the same time the number of people living in poverty in the United States increased. In 2008, according to the Census Bureau, there were approximately 39,829,000 people living in poverty in this country. In 2012, there were 46,496,000. That is an increase of approximately 6,667,000—of 16.73 percent—from 2008 to 2012.
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They capitalized on a major blunder making a brilliant political move to make the US put their money where their mouth is.
where exactly is the blunder????????????......we come out of this smelling like roses.....we get rid of Assad's chem weapons......we don't have to spend any money on the military to do so.....we don't have to send troops...we don't get involved in a civil war where we can't possibly win..and Russia now has to help do some heavy lifting to get this thing solved because Putin's prestige and reputation is on the line...thus he has to have a good outcome on this......which is what the U.S. wanted from Russia all along and they refused to do so.....also...those chem weapons can't be used against us if we have to possibly use troops in the future....plus can't be used against Israel or given to Iran or Hezbollah....a win all around
only the foolish Obama haters would see us losing out in this whole thing
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http://cnsnews.com/news/article/terence-p-jeffrey/census-obama-s-1st-term-real-median-income-down-2627-people-poverty
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You do understand that the reason the UE rate dropped is over 300,000 stopped looking for work?
Apparently he doesn't. Even the Obama administration itself acknowledged that fact. Perhaps Da Man should stop spitting into the wind.
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
You are the one whose ass got kicked in this thread.
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the economy is getting better and unemployment is down to 7.3% now.....and its continuing to go down....slowly yes, but surely.....I've always said it would go down and that it would take time to fix the economy.....now its happening...give Obama credit...... :)
Yet, the FED is scared shitless to even lightly taper the QE. If the economy were recovering, QE should not be needed to continue @ 85 billion a month. Not only will it continue, it will be increased.
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Apparently he doesn't. Even the Obama administration itself acknowledged that fact. Perhaps Da Man should stop spitting into the wind.
still chasing me from thread to thread I see
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http://www.cbsnews.com/8301-505123_162-57611443/explainer-how-to-tell-if-the-job-market-is-improving/?tag=nl.e713&s_cid=e713&ttag=e713&ftag=TRE4cf7aca
The government's latest jobs report shows unemployment increasing from 7.2 percent in September to 7.3 percent last month. In many ways, however, the employment-to-population ratio is a better indicator of labor market conditions. And even as the economy was adding many more jobs than forecasters had predicted, that key metric fell to 58.3 percent, down 0.3 percentage points from the previous month.
The problem with using changes in the unemployment rate as the most important measure of the job picture is that it can fall even when labor market conditions get worse. When the unemployment rate declines because more jobless people find work, that reduction reflects a positive development in the labor market. But the unemployment rate also falls when people get discouraged about their prospects for finding a job and drop out of the labor force.
Thus, to properly interpret a change in the unemployment rate, it's important to know whether the change is due to a change in the proportion of people finding jobs or from a change in the labor force participation rate.
This is especially important recently because there has been a large change in labor force participation, meaning the number of working-age people who are employed or who are looking for work. The civilian labor force participation rate has fallen from 66 percent at the start of the recession in December 2007 to 62.8 percent in October of this year.
According to the Bureau of Labor Statistics, there are 2.3 million people among those who have dropped out of the labor force who wanted and are available for work. These individuals are not counted as unemployed because they have not searched for work in the previous four weeks. If all of these workers had been counted as part of the labor force, the unemployment rate in October would have been 8.6 percent instead of 7.2 percent, a major difference.
One big unknown for the future is how many of these workers will return to the labor force once labor market conditions improve. If they return in substantial numbers, it would make it harder for the unemployment rate to fall.
The employment-to-population ratio does not have the discouraged worker problem. The civilian working-age population used to calculate this measure of labor market performance includes people both in and out of the labor force, so the movement between the two groups does not change the statistic.
This measure of labor market conditions tells a different story than the unemployment rate. The unemployment rate has fallen steadily from a peak of 10 percent in October 2009 to 7.3 percent as of last month. However, the employment-to-population ratio was 62.7 percent at the start of the recession in December 2007, fell to a low of 58.2 percent in November 2010 and has only increased to 58.3 percent in October of this year.
According to this measure of labor market performance, in other words, there hasn't been much improvement in the job market.
There are other factors besides the discouraged worker problem to watch out for when interpreting movements in either the unemployment rate or the employment-to-population ratio. If, for example, there is demographic change (such as the aging population we are seeing in the U.S.) and this causes a decline in the labor force participation rate as older workers drop out of the labor force, the employment-to-population ratio and unemployment rate calculations will be affected.
But there is an easy way around this problem for the employment-to-population ratio. The employment-to-population ratio for prime age workers aged 25-54 should be relatively independent of demographic change of the type we are currently experiencing because it excludes older workers. However, the story this measure tells is much the same. The ratio was 79.7 percent at the onset of the recession, fell to 74.8 percent in December of 2009 and has only increased to 75.4 percent since. It also has been flat for the last year or so.
So this measure also paints a somewhat gloomier picture of the labor market than the unemployment rate.
There are two other factors that are important to consider when interpreting movements in either the unemployment rate or the employment-to-population ratio. Both measures of labor market performance assume that anyone with a job is working as much as they want to and is in the job he or she is best suited for. But some workers who are counted as fully employed will only be able to find part-time work; they would rather work full-time if they could, and others end up in jobs they are overqualified for.
The Bureau of Labor Statistics publishes an alternative measure of the unemployment rate that corrects for the discouraged worker and part-time worker problems, and when these corrections are made the unemployment rate increases from 7.2 to 13.8 percent in October.
Of course, no single measure of labor market conditions is perfect, so it's best to look at the full range of indicators rather than focusing on any one measure. But the employment-to-population ratio should be among the set of statistics that is more carefully scrutinized, especially when there are substantial changes in labor force participation of the kind we have seen in recent years.
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These "Ass Kicking" threads always seem to backfire.
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These "Ass Kicking" threads always seem to backfire.
Just telling the truth according to the stats.....you guys only want to hear the stats when they don't favor Obama
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http://ideas.time.com/2014/02/19/unemployment-is-worse-than-death/
Unemployment: A Fate Worse Than Death
When it comes to happiness, being unemployed is worse for you than divorce or the death of a spouse.
Short of death or dismemberment, what do you think the worst thing is that could happen to you? If you answered “divorce” or “losing my husband,” you’re probably wrong — at least as far as future happiness is concerned. Don’t get me wrong: these things will make you very unhappy. (To say nothing of how your husband will feel.) But over time, research shows, you will recover.
Not so with unemployment. Like divorce or the death of a spouse, losing a job will often plunge people into despair. But,unless they spend a lot of time hunting for a new job, unemployed people tend to stay unemployed. Time heals most wounds, but not all of them. A long-term study of how Germans reacted to various life events showed that four years after they’d lost their jobs, they still hadn’t gotten used to it — being unemployed made them just as unhappy as they’d been the day they were laid off.
Remember, this is Germany, which long had generous unemployment benefits. The financial insecurity that usually attends prolonged unemployment is bound to add to one’s misery. But it doesn’t seem to be the primary cause. As much as we may gripe about it, work is not just something you have to do in order to pay the mortgage. It is a daily connection to coworkers and customers. It is the knowledge that you are wanted and useful. Even the most tedious job gives us a place in the world. Unemployment makes us question why we are here.
That’s what is so disturbing about the recent string of lackluster job reports. The Bureau of Labor Statistics reported last week that in January, 145.2 million people were employed — 1.1 million fewer than in January of 2008, even though the population has grown. In the last two months, the economy created fewer than 200,000 jobs. The unemployment rate is falling only because so many people have dropped out of the labor force entirely and stopped looking.
“If you want to work, if you want a job, if you want to be part of America, we’ll find a place for you,” Senator Rand Paul recently promised immigrants. But right now, America can’t even do this for the people who are already here. The administration often seems to be focused on making unemployment more attractive, rather than making it less common, fighting Republicans over extended unemployment benefits (which some research indicates may actually increase unemployment), and not talking much about how to get people back to work. When the Congressional Budget Office recently projected that Obamacare would cause the economy to lose the equivalent of 2 million full time jobs, the White House argued that this was actually great news, because most of them would be choosing not to work.
Never mind that many of them would be “choosing” unemployment because Obamcare’s subsidy structure effectively makes much work unprofitable. Work is a form of investment: in many careers, pay and promotion opportunities are strongly related to the number of you’ve worked (and experience you’ve accumulated).
That’s if you can get a job at all. But one thing we know about today’s labor market is that once you’ve left, it’s very hard to get back in. Public outcry may be stopping employers from posting the “no unemployed need apply” ads that triggered such outrage a few years ago, but studies show that their behavior hasn’t actually changed: people whose resumes have a sizeable gap will have a substantially harder time finding another job. That’s true for laid off ironworkers and middle managers, and it’s also true for women who step out of the workforce to care for a family member. You can argue — as I would — that employers shouldn’t do this, but no one’s come up with a way to stop them. That’s why our government policy ought to be focused on keeping people at work, not making it easier for them to leave.
This is difficult, but not impossible. There are programs, from tax credits for hiring the unemployed to using direct employment programs as a substitute for extended unemployment benefits. None of them seems likely in the current political environment, so Americans who’ve lost their jobs are going to have to help themselves. Fortunately, we do know something about what works, and what doesn’t.
The first thing is pretty obvious: you have to look for work, every day. Research shows that the more time you spend on your job search, the more likely you are to find another job quickly. Interestingly, how you go about looking seems to matter less than the amount of time you spend doing it.
The second is to be willing to accept lower pay. In the current labor market, you are much better off looking for a higher-paying job from a lower-paying job, than from no job at all.
And the third is move. The whole country has been hit hard by the recession, but some areas were harder hit than others. The farther you are willing to move, the more likely you are to find a job that fits your skills.
“But that’s obvious!” you may be saying, and it’s true. But you wouldn’t know it from the behavior of job seekers. Many of whom slack off their job search when their first round of leads run dry, and resist taking a lower-paying jobs, especially if it involves moving far away. This is entirely understandable. Job hunting, with all its explicit and implicit rejection, is extremely unpleasant. I know, I’ve been there. So is accepting that you are no longer worth what your last boss paid you. And moving routinely ranks high on the list of life’s most unpleasant experiences. But even if it’s understandable, it’s also terribly dangerous.
If you reconcile yourself to lower pay, and steel yourself to put in the hours and look for a job every single day — even when you don’t feel like it, and even if you aren’t sure you are searching the “right” way — then you are much more likely to keep a brief episode of misery from turning into an extended catastrophe. Unemployment will always be one of the worst things that ever happened to you, but it doesn’t actually have to stay that way.
Read more: Unemployment: A Fate Worse Than Death | TIME.com http://ideas.time.com/2014/02/19/unemployment-is-worse-than-death/#ixzz2uxiYBUCs
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http://www.nbcnews.com/business/economy/many-americans-temp-work-becomes-permanent-way-life-n81071
For Many Americans, 'Temp' Work Becomes Permanent Way of Life
or Americans who can’t find jobs, the booming demand for temp workers has been a path out of unemployment, but now many fear it’s a dead-end route.
With full-time work hard to find, these workers have built temping into a de facto career, minus vacation, sick days or insurance. The assignments might be temporary — a few months here, a year there — but labor economists warn that companies’ growing hunger for a workforce they can switch on and off could do permanent damage to these workers’ career trajectories and retirement plans.
“It seems to be the new norm in the working world,” said Kelly Sibla, 54. The computer systems engineer has been looking for a full-time job for four years now, but the Amherst, Ohio, resident said she has to take whatever she can find.
“I know a lot of people who are doing this temping. It seems to be the way this is going,” she said.
Sibla’s husband, 67, got a buyout offer from his former employer and is now retired, but she has minimal retirement savings in her own name. “When you’re working as a temp you don’t get any of that. Nothing,” she said. The couple is downsizing to a smaller home and trying to sell the one they live in now to reduce expenses.
“You don’t get any benefits to speak of, you only get paid for what you work … no sick time, no paid vacation,” said Brian Dupuy, a computer technician in Des Moines who lost his last full-time job five years ago and has been temping since 2011.
Dupuy, 56, said he’s paid hourly, and the rate comes to about 40 percent less than he was earning at his last full-time job. “After a year, they’ll sign you up for a 401(k) but the salary is so low you have trouble making ends meet to begin with,” he said.
Economists say it’s typical for temporary hiring to rise initially as the economy recovers, before businesses are ready to commit to hiring full-time employees. But Susan Houseman, senior economist at Upjohn Institute for Employment Research, said the current pattern doesn’t fit historic norms.
“Right now we’re seeing something interesting,” she said. “We’ve seen it surpass its previous highs, so it looks like there could be a structural shift going on, too. There’s a reason to believe we might see some increase in the use of temporary help in general.”
In March, the temp industry added 28,500 jobs, and about 2.8 million workers are employed currently in temporary or contract positions, according to the Bureau of Labor Statistics. This is a little more than 2 percent of the workforce, a peak last reached in April 2000, said Steve Berchem, chief operating officer of the American Staffing Association, an industry trade group.
Berchem cautioned that drawing conclusions from one month or even a few months’ worth of data could be misleading because the BLS frequently revises its data, but he said the shift to companies using more temporary workers is already under way.
“We argued when the recovery began that there would be a structural shift,” he said. “We were hearing that from members who were hearing that from their clients, (that) they were more likely to use temp and contract workers.”
“There are a lot of perverse incentives for employers to use temps,” said Erin Hatton, an assistant professor of sociology at the State University of New York, Buffalo, and author of "The Temp Economy: From Kelly Girls to Permatemps in Postwar America." For one thing, it’s cheaper. Using temporary labor lets companies avoid the cost of providing benefits like health insurance, workers’ comp, paid sick leave and the like.
“It allows them to increase or reduce their workforce more easily, and in an uncertain environment, that can be very valuable to the firm,” Houseman said.
More kinds of businesses seem to be drawing that conclusion, as industries not thought of as traditional temp work territory are using more contract workers. Hatton pointed out that adjunct college professors face much of the same uncertainty and lower wages than their full-time counterparts. And manufacturing companies make up around 40 percent of the current demand for temp workers, Houseman said.
“In the government data, you see that 17 percent of assembly line workers are hired through the staffing industry,” Houseman said.
With organized labor losing its clout, there’s little to check companies’ ability to shed workers the moment they perceive an economic chill, said Eileen Appelbaum, a senior economist at the Center for Economic and Policy Research. “In the private sector there’s no counterbalancing power,” she said. “The decisions are almost costless to them.”
Appelbaum added that domestic outsourcing — when companies contract with third-party firms to handle everything from their janitorial to their payroll services needs — is on the rise.
It’s all part of a broader shift to an everyone-for-themselves workforce, labor economists say. Business services firm MBO Partners says there were 17.7 million independent workers last year, up 10 percent from 2011.
Berchem called this shift in the labor market a “win-win” for companies as well as workers. “We’ve seen an increase in workers preferring flexibility,” he said. “Family is a big priority for temporary and contract employees and they prefer the flexibility such work allows.”
Lynn Monaghan, 33, began temping after a transition away from her former career in event planning and says there are pros and cons.
“The pros are, it’s given me a great amount of flexibility,” she said of her current job, which is also nearby where she lives in suburban Boston. “Being a working mother, that has been really beneficial to me. There’s less pressure,” she said.
But flexibility is relative.
“There is certainly a small segment of the workforce ... that does want real flexibility in their lives. The thing is, though, that temp work is very flexible for employers and not that flexible for workers,” Hatton said. “It gives them a profound sense of insecurity.”
As a temp, even something as innocuous as personalizing a workstation can be a gamble. With her unemployment benefits exhausted and “no calls whatsoever,” Dayton, Ohio-area resident Ronda Roberts said she took a temp job in December 2012 doing clerical work that paid a quarter of what she previously made as a developer of training materials. “I kind of felt like I didn’t have a choice,” said Roberts, 55.
A year later, even that rug was pulled out from under her. Roberts said she took a rare sick day, only to get a phone call from the temp agency that evening, telling her that her contract had been ended, effective immediately.
When she asked if she could retrieve her computer case and other personal items, the agency told her she wasn’t allowed back into the office where she had worked for roughly a year, and that she had to wait for the company’s corporate human resources department to contact her.
In the end, it took Roberts two months of waiting and an hour’s drive to the company’s headquarters to get her things back. “If I ever got a temp job again, I would not leave anything on site,” she said. “It bothers me that I wouldn’t be able to go and get my own things.”
Roberts said she had gotten along well with her full-time co-workers and that she felt like part of the team, but her abrupt dismissal and the hoops she had to jump through to retrieve her belongings reminded her of her outsider status. “Your job is dispensable. That’s why you’re a temp,” she said.
This is just one of many ways Hatton said temp workers are marginalized in corporate culture. “There’s a very deep level of unfairness,” she said. “Those workers feel profoundly bitter.”
“When you’re just a contractor at a company … your ID badge is a different color. People treat you differently. They say they don’t, but they just do,” Sibla said.
More alarming to economists, long-term temps also miss out on the opportunity to develop a nest egg for a comfortable retirement.
“It’s almost entirely the burden of the individual,” said Kevin Cahill, a labor economist with the Sloan Center on Aging & Work at Boston College.
The potential hit to Social Security benefits is two-fold, he said. Since Social Security benefits are based on your earnings over your work history, both low-paying temp work or a gap in employment — a combination many of today’s “permatemps” face — can drag down a worker’s future payments.
These workers also may not have access to a corporate 401(k) plan. Even if they do, they might not be paid enough to be able to put any away for retirement. There’s certainly no employer match.
“Folks who turn to temporary employment because full-time employment is lacking have been hit extra hard. They’ve lost time to accumulate savings and could very well bleed down their savings during their job search.”
This is what happened to Dupuy, who said he used his 401(k) funds to stay afloat during his unemployment. “I figure I’m going to be working way beyond 65 or 67 or whatever it is these days,” he said. “I just know it’s going to be really hard.”
This has broad effects, Hatton warned, not just on the legions of temp workers today, but on the next generation. Their tenuous employment situation can make it harder for them to send their children to college, she said. “The effects ripple out.”
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Obama is the worst ever - ever. F hm.
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Five years later and the UE rate is still not at 5%, but there are twice as many people with part-time jobs or receive some kind of government assistance as people who work full time.
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Five years later and the UE rate is still not at 5%, but there are twice as many people with part-time jobs or receive some kind of government assistance as people who work full time.
Thats a function of where America is headed....businesses can get by with using part time workers....technology is a part of this....don't need to hire a bookkeeper, accountant, or lots of office staff when my computer can keep the books, do my taxes and perform other tasks i used to need five people to do.
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Thats a function of where America is headed....businesses can get by with using part time workers....technology is a part of this....don't need to hire a bookkeeper, accountant, or lots of office staff when my computer can keep the books, do my taxes and perform other tasks i used to need five people to do.
O-TWINK promised to fix it remember?
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O-TWINK promised to fix it remember?
Nah. They forget that part. They forget that he was going to CHANGE everything.
The stim bill was needed in order to bring the UE rate down to 5%. It failed and since libtards can't accept failure, they now claim the high UE rate as normal. They rather accept mediocrity instead of accepting the reality THAT LIBTARD IDEOLOGY NEVER WORKS!!!!!!!!
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Down to 6.3% and still falling...or are the figures STILL made up according to all the idiots on here? :-\
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GDP growth at less than .5%.....
Obama is doing nothing. Except going on vacations.
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The labor participation rate continues to plummet....it's at the lowest since the late 70's. For the millionth time, the UE rate is comprised of people LOOKING FOR WORK who can't find it. If you've thrown in the towel because you have no hope in hell of finding work, you're not counted as "unemployed"
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The labor participation rate continues to plummet....it's at the lowest since the late 70's. For the millionth time, the UE rate is comprised of people LOOKING FOR WORK who can't find it. If you've thrown in the towel because you have no hope in hell of finding work, you're not counted as "unemployed"
no, we are retired.
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no, we are retired.
Ah, no. You are stupid if you think the bulk of those people are retired.
Dammnnnnnnnn, can you get any dumber? I guess you can.
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LPR is the reason yhe U-3 rate is at 6.3%
The actual employment picture is an absolute disaster.
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LPR amongst 16-29 year olds is at a historically low level....are they retired too? That's a hell of a plan...destroy economy to the point that all we can do is "retire" and wait for that government check. And we'll pay for it by printing money!!
http://www.zerohedge.com/news/2014-06-10/carls-jr-ceo-explains-why-nobody-hiring-young-people
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the LPR will always go up because our population keeps rising.....its been going up for thirty years...I guess thats Obama's fault too huh?????????
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You obviously don't understand what the LPR is...so you should probably STFU before you make an even bigger fool of yourself.
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You obviously don't understand what the LPR is...so you should probably STFU before you make an even bigger fool of yourself.
to quote SC:
'says someone who doesn't lift or have a girlfriend' LOL
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T o quote your mom when you asked her for dinner..."fuck you"
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You obviously don't understand what the LPR is...so you should probably STFU before you make an even bigger fool of yourself.
I understand that your mom left your dad for a brother and that you feel very scorned. Hope this helps.
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Weak ...all the stupid racist responses won't change the fact that the economy has underperformed durinng lord Bumblefuck's Presidency
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GDP contracted at a 2.9% clip in Q1 2014....Obama's ass kicking of America continues.
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http://www.cnbc.com/id/101787838
Gdp collapsing