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Thread: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by a777pilot View Post
    So that's 4.1 million jobs in 25 months.

    LOL! Great! That means that in just two years this Administration has added over a million more Americans to the unemployment lines.

    You do understand that this nation needs to produce between 200 and 250 thousand jobs a month just to keep up with population growth?

    This Fool, Bobo, the Post Turtle, is NOT the answer. He IS the problem.
    Dont attack me. Im just providing facts.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by jonny5 View Post
    Dont attack me. Im just providing facts.
    LOL!

    Me too.
    I came into this world fighting, screaming and covered in someone else's blood. I have no problem going out the same way.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by jonny5 View Post
    I can help.

    Employment Situation Summary

    Feb 2012 Employment - 142.1 million
    Dec 2009 Employment - 138.0 million

    L
    The problem with claiming that number, 4 million, is that anyone can then say "well, since you were in office....".

    So, that being said, since being in office:

    600k more people in the labor force
    120k less people employed
    800k more unemployed
    7.5 million more people not in the labor force.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%


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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by a777pilot View Post
    There are NO reliable sources. You have to do all the research yourself.

    Example: The USA's population grew on the average by 2.8 million per year for the last ten years. Now you figure out how many jobs this economy needs to create to employ those.

    Yes, I understand that census figures are government figures and are subject to manipulation.....hell, it's the government so lying is mandatory.
    And what you seem to forget, is that that population growth is divided between immigration and births. Births wont matter to the job market for at least another 15 years. On top of that all these "projections" (often done by right wing think tanks) never take into consideration the baby boomer generation retiring.

    And more and more economists.. actual economists, not right wing think tank economists, are questioning the old rule of thumb that you need 250k jobs to keep up with the population growth.
    Last edited by PeteEU; 03-12-12 at 09:56 AM.
    PeteEU

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by a777pilot View Post
    There are NO reliable sources. You have to do all the research yourself.

    Example: The USA's population grew on the average by 2.8 million per year for the last ten years. Now you figure out how many jobs this economy needs to create to employ those.

    Yes, I understand that census figures are government figures and are subject to manipulation.....hell, it's the government so lying is mandatory.
    That's assuming that all of those people are going to be out looking for jobs. Some people are stay at home parents, some people are retiring and giving those jobs to new people, some people are disabled and not able to work. I'm thinking those government employees that deal with these numbers all day long are much better at this than you or I. I was merely pointing out that your assertion of 250,000 has not been verified as far as I have seen. Every where I look it says 125,000 to keep up with population growth, 250,000 / month on average to actually reduce the unemployment number in any meaningful way.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by Samhain View Post
    The problem with claiming that number, 4 million, is that anyone can then say "well, since you were in office....".

    So, that being said, since being in office:

    600k more people in the labor force
    120k less people employed
    800k more unemployed
    7.5 million more people not in the labor force.
    Obviously linking anything the President did to job growth is a political argument. Then again, most of what he did had already been done by Bush, so they are tied together. Bush started TARP, stimulus, and auto loans.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    This is a very useful tool from the Fed:

    Jobs Calculator

    It shows we would need to add, on average, 179,303 jobs a month to get the unemployment rate under 8% by election day and 101,399 jobs to break even assuming no change in the LFPR.

    To show the power of the LFPR, if the rate drops from 63.9% to 63%, we would get to 7.5% unemployment if we added zero jobs.
    Last edited by Rhapsody1447; 03-12-12 at 10:10 AM.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by PeteEU View Post
    And what you seem to forget, is that that population growth is divided between immigration and births. Births wont matter to the job market for at least another 15 years. On top of that all these "projections" (often done by right wing think tanks) never take into consideration the baby boomer generation retiring.

    And more and more economists.. actual economists, not right wing think tank economists, are questioning the old rule of thumb that you need 250k jobs to keep up with the population growth.
    Children always require money to be spent on them for clothing, food, etc, which is directly responsible for increased spending.

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    Re: Payrolls in U.S. Climb 227,000; Jobless Rate Holds at 8.3%

    Quote Originally Posted by Rhapsody1447 View Post
    This is a very useful tool from the Fed:

    Jobs Calculator

    It shows we would need to add, on average, 179,303 jobs a month to get the unemployment rate under 8% by election day and 101,399 jobs to break even assuming no change in the LFPR.

    To show the power of the LFPR, if the rate drops from 63.9% to 63%, we would get to 7.5% unemployment if we added zero jobs.
    It not only shows the power of the LFPR, but how irrelevant the bls unemployment rate is as an indicator of the strength of the economy. Where's the calculator that tells us what the effect will be on tax revenue and corporate revenue as we continue this downward trend in the LFPR, which shows no signs of stabilizing at our already early-80's level.

    We know that the BLS will tell us about the precipitous drop in unemployment, but that's not exactly good news.

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