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Thread: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

  1. #121
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by notquiteright View Post
    Actually business isn't investing right now. Cash on hand is very high, banks are stockpiling the Fed money partly because the banks fear more foreclosures will damage the bundled securities they still hold. Non-financial companies are holding record amounts of cash according to the Wall Street Journal. Companies don't need to spend their money when the Fed is damn near giving it away.

    Investing in what right now? If they were to invest in anything it would stimulate the economy and it doesn't seem to be a high priority right now, more like a wait and see who wins the election and by all means let's not help the one not willing to let the foxes guard the hen house.

    But none the less jobs are being added and compared to when Obama took over that alone should make the more moderate Americans hopeful.
    I believe I heard today there are less Americans working now than at any time in the last thirty years. I don't know if it was absolute numbers or percentages though

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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by 00timh View Post
    You took my post a little too serious, but its based on truth though. A lot of money went to the very few and none of it, regardless of what the obamites and dems say about it saving creating yadda yadda, none of it went to anything productive, at all. I feel bad for true liberals whom I can respect although not agree. They voted for change and ended up with a steroided version of the worst of Bush era policies. I believe many are simply in a state of denial of how badly they have been had.
    I simply didn't see the relevance to what I said. They didn't waste the money trust me though I believe there is too much faith that gov stimulus (growth) can save the economy.
    Einstein, "science without religion is lame, religion without science is blind."

  3. #123
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by TurtleDude View Post
    I believe I heard today there are less Americans working now than at any time in the last thirty years. I don't know if it was absolute numbers or percentages though
    Percentage.

  4. #124
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Kushinator View Post
    Ever heard of this guy?

    Here was his warning to the financial community in 2005.

    http://www.kansascityfed.org/publica.../rajan2005.pdf
    Yeah, there were others like Peter Schiff. Everyone was too giddy to listen.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Yes there are many Americans are out of work, we came a curly hair from a complete train wreck.

    I couldn't find less working than 30 years ago, did find less happy than 30 years ago, long hours, job uncertainty- Reuters 2007

    Working 184 more hours a year with no real dollars increase in pay and fewer benefits- Mark Ames

    Where did you hear about less working than 30 years ago? Odd considering there are now 87 million more Americans than 30 years ago.

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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by notquiteright View Post
    Yes there are many Americans are out of work, we came a curly hair from a complete train wreck.

    I couldn't find less working than 30 years ago, did find less happy than 30 years ago, long hours, job uncertainty- Reuters 2007

    Working 184 more hours a year with no real dollars increase in pay and fewer benefits- Mark Ames

    Where did you hear about less working than 30 years ago? Odd considering there are now 87 million more Americans than 30 years ago.
    Unemployment rate at 8.1%, only 115K jobs added, participation rate shrinks again to new low « Hot Air

    bls-part-rate-30yrs.jpg

    Its a percentage, making obtuse arguments in a political debate just makes you look silly.

  7. #127
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Holy hell, how many times do we have to go over this? About half to two-thirds of the decline in the labor force participation rate is due to baby boomers reaching retirement age -- not the economy. As OC's graph indicates, the trend actually began in 2000 and it's accelerating as greater numbers of boomers hit 65.

    http://chicagofed.org/digital_assets...ch2012_296.pdf

    The incredible shrinking labor force - The Washington Post
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by AdamT View Post
    Holy hell, how many times do we have to go over this? About half to two-thirds of the decline in the labor force participation rate is due to baby boomers reaching retirement age -- not the economy. As OC's graph indicates, the trend actually began in 2000 and it's accelerating as greater numbers of boomers hit 65.

    http://chicagofed.org/digital_assets...ch2012_296.pdf

    The incredible shrinking labor force - The Washington Post
    From your own article:
    and what about the most recent downturn? Based on survey data, Maki found that about 35 percent of Americans who have dropped out of the labor force since the recession began in 2007 do want a job, but they have become too discouraged to fire off résumés. That’s a sign of a weak labor market. But the other 65 percent are people who have left the labor force and do not want a job. The biggest chunk of that group seems to be composed of baby boomers, those 55 and older, who have decided to retire early.

    That suggests, Maki and his colleagues wrote, that unemployment will not necessarily start ticking up again as the economy keeps adding jobs, as many people expect.
    People retiring early because they have little to no choice in the matter isnt a good solution either and its not exactly what could be called voluntary. The problem that asserts itself is that the numbers being bandied about are not concrete or easily verified. It could be more, it could be less. We dont know. I would be willing to accept in the 50% range but 65% of the workforce dropoff is retirees? Im sorry, Im not buying into that so quickly.

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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by AdamT View Post
    Holy hell, how many times do we have to go over this? About half to two-thirds of the decline in the labor force participation rate is due to baby boomers reaching retirement age -- not the economy. As OC's graph indicates, the trend actually began in 2000 and it's accelerating as greater numbers of boomers hit 65.

    http://chicagofed.org/digital_assets...ch2012_296.pdf

    The incredible shrinking labor force - The Washington Post
    According to the article you posted, the Chicago Fed puts the reduction in the labor force due to boomers retiring as about 25% of the drop. Most would agree that it is hard to measure, you should stop lying about this stuff or at least don't give us links that point out to us that you are lying.

  10. #130
    Death2Globalists Matt Foley's Avatar
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent
    Does anyone else know how meaningless these statistics are?

    115,000 jobs per month X 12 months a year = 1.38 million jobs a year, so at this rate with a population of 311 million people it will take 225 years to have 100% employment.

    Heck if we want to get rid of that 8.1% employment it will take only 18 years at this rate, yipdidoo, we're on the right track now, yesiree bob.

    Of course those jobs could be anything from shoveling dogcrap to astronaut.

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