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

  1. #141
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by j-mac View Post
    Seems to me though that deficit spending as a percentage of GDP in the current administration has overshot any of the previous republican presidents that you list for specific partisan purposes here, combined.
    Spending as a portion of GDP has undoubtedely increased under Obama, but your claim is demonstrably and obviously false.

    PF4.png
    Last edited by a351; 05-06-12 at 12:22 PM.

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

    Quote Originally Posted by Hare View Post
    Spending as a portion of GDP has undoubtedely increased under Obama, but your claim is demonstrably and obviously false.
    Moreso, because I do better with actual numbers rather than graphs, to the extent that they are on a pedestrian level, tell me, what was the amount of deficit spending with Reagan, and Bush in relation to percentage of GDP?


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

    Quote Originally Posted by Dittohead not! View Post
    Amazing, just amazing all of the right wingers who expect government to be the solution to the problem. Change the president, and unemployment will drop, and we'll all live happily ever after.

    The country is in deep doo doo, no question. Unemployment is much higher than advertised. Fewer than half of recent college grads have jobs that reflect their level of education. The rest are either unemployed or flipping burgers (or similar). The high school dropouts, and there are a lot of them, are pretty much unemployable. What are they doing? Meanwhile, since fewer are paying taxes, being unemployed and all, and since the feds have been on a spending spree for decades now, we seem to be acquiring something of a debt.

    The Congress is dysfunctional, totally tied up in knots with hyperpartisan lack of willingness to do anything that makes the dreaded other side look good, regardless of what is needed for the country.

    and we're looking for a superman to ride his white horse into the White House and set it all right. It ain't gonna happen, folks. No one person is going to get us out of the doldrums we're in now.
    Both parties screwed this nation over and their blind myopic supporters continue to play their retarded "our morons are better than YOUR morons" game and because there are so many of them, we simply continue to get status quo. Its not going to change for the better. Its going to get worse.

  4. #144
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Hare View Post
    Quote Originally Posted by jmac
    Seems to me though that deficit spending as a percentage of GDP in the current administration has overshot any of the previous republican presidents that you list for specific partisan purposes here, combined.
    Spending as a portion of GDP has undoubtedely increased under Obama, but your claim is demonstrably and obviously false.

    PF4.png
    Hare, that's a pretty impressive fail on your part.

    1. your graph demonstrates a significant as Obama took over in government spending as a % of the economy.
    2. jmac was discussing deficit spending as a % of the economy... and you responded with government spending as a % of the economy...

    the Bi-Partisan Hall of Shame:

    Last edited by cpwill; 05-06-12 at 01:28 PM.

  5. #145
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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
    Here is the latest t01 chart from the BLS: Table A-1. Employment status of the civilian population by sex and age

    And here is a 2010 chart of U.S. population by age: U.S. Population by Sex and Age, Census 2000 — Infoplease.com

    The t01 chart shows that Civilian nonintitutional population continues to rise. That figure includes retirees, the overwhelming vast majority of whom are not institutionalized in rest homes. Thus births are continuing to out pace deaths, and indeed any chart of U.S. population growth validates that, as we're currently just a little under 1.0%, still a significant net rate for a population over 313 million.

    The population by age chart shows that in 2010 those entering the work force, minimum age 16 and more practically around 16 through 24 were considerably higher in number/age than those likely entering retirement, 62-64, and even if you include forced retirement from lack of work from age 55, it's still smaller than the number/age of those entering the work force.

    The reduction in the Civilian labor force can't be attributed to Boomers taking normal retirement.

    People being forced into "retirement" and living off IRAs prior to age 62.5 is simply a technical form of unemployment, where they are unable to find work and are, at best, "employed" by their IRAs from an income sense. The great many of these without adequate personal retirement income are truly unemployed, even if they want to ratioalize that they are "retired".

    Percentages are meaningless. What matters is the actual net number of new jobs and the actual net number of increase in people available to do those jobs. The available population is still increasing beyond the available jobs increase.

    And, of course, none of this speaks to whether the jobs people are getting nowadays are living-wage jobs.

    When you look at the average age of those who would be entering the work force, 16-24, that's around 4.3 million/age.

    When you look at the average age of those who would normally be entering retirement, 62-64, that's around 3.36 million/age.

    Thus we're still bringing more into the work force than we're normally retiring.

    When you look at all the ages in the 2010 census, it's pretty clear we're bringing more in than are retiring. So those aged birth-16 is much greater than those those aged retiring and still slightly higher than those masses 45-54 waiting in the wings to retire when you factor in the higher mortality rates of those compared to the birth-16 age group.

    Thus boomer retirement simply isn't an issue with regard to the BLS numbers.

    What is much more likely is the increasing number of unemployed in the "discouraged worker" category that are simply unaccounted for, the current figure likely being only 60% of the true total of unemployed "discouraged workers" according to one BLS agent with whom I spoke.

    Indeed, in a population of 313 million with the BLS citing 242.8 million non-institutionalized, that means the BLS would have us believe that there are 70.2 million people in America in the military, prisons, mental institutions and geriatric convalescent hospitals, a whopping 22.4 percent of our population institutionalized, nearly one in every four people! That can't be a seriously accurate figure.

    Here's a chart - Live Births and Birth Rates, by Year — Infoplease.com - that shows that in 1945 - 1950 the Boomer birth rate increase, and that things remained fairly flat after that, until a post-Boomer drop off in the birth rate of their kids, but their kids' kids taking off again in the past twenty years who are now entering the work force in comparative numbers to their grandparents, the Boomers, retiring. Thus we're still increasing our population to this day.

    And, we still need more jobs.

    So where is our real unemployment problem?

    It's really pretty obviously simple: American jobs outsourced to other countries wage-slavers and in-sourced mostly to illegals.

    Solve those two obvious problems, and we will not only increase the number of living-wage jobs for American citizens, but we will reduce our unemployment problem to next to zero.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

  6. #146
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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
    Ahhh, the faith based approach. Please explain how cutting government spending will boost both consumer and investment demand.
    Reducing the portion of resources being funneled through less productive venues and moving them to more productive uses increases net productivity.

    glad to help.

  7. #147
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by iguanaman View Post
    1/3 of all layoffs in 2011 were Govt. jobs and they are still declining. Romney promises to cut more govt. jobs and workers pay too. Is that what you mean by getting out of the way?
    absolutely. let's take those workers and put them to work increasing wealth rather than draining it.

  8. #148
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by cpwill View Post
    Reducing the portion of resources being funneled through less productive venues and moving them to more productive uses increases net productivity.

    glad to help.
    LOL...as if "resources" are in limited supply at this time.

    Wrong tool for the problem.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
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    He didn't say it didn't make sense. He said it is complete nonsense.

  9. #149
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by Gimmesometruth View Post
    LOL...as if "resources" are in limited supply at this time.

    Wrong tool for the problem.


    Resources being finite and having alternative potential uses, your post is Comprehension Fail.


    Let me put it this way: let us say that in your gas tank, you put gasoline as prescribed by law, but also butter. Now, let us pretend that your can can survive and run with the butter occasionally squirting through the pipes, but only so long as it remains below a certain critical mass. Regardless of the cars' continued function, it's efficiency will degrade as you increase the portion of the gas tank that you fill with butter, and its' efficiency will increase on the inverse.

    When government is a larger percentage of GDP, it means that more of our resources are going towards government - it means that more of our resources are being used in less productive ways.

    When government is a smaller percentage of GDP, it means that less of our resources are going towards government - more of our resources are being used in more productive ways.

    Both within lateral limits, of course - anarchy works little better than communism. Both in this case represent the failure of the car to maintain function.

    Got it?

  10. #150
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    Re: Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent

    Quote Originally Posted by cpwill View Post
    Hare, that's a pretty impressive fail on your part.

    1. your graph demonstrates a significant as Obama took over in government spending as a % of the economy.
    2. jmac was discussing deficit spending as a % of the economy... and you responded with government spending as a % of the economy...

    the Bi-Partisan Hall of Shame:

    Oops, Completely misread J-Mac's statement, my fault entirely.

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