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Thread: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

  1. #31
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Boo Radley View Post
    What I just heard on the radio was that it was larger than what they expected even with seasonal jobs. They also say all the unemployment numbers we've had recently reflect a sizable number no longer looking for work. So, while the unemployment rate is encouraging, we do have a large number no longer counted.
    Why would they look for work when they can live so comfortably on welfare? They dont even have to pretend to be looking for a job anymore!

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Rapunzel52 View Post
    It appears to have increased.
    Yes, from 88,341 in Oct to 88,883 in Dec. Adam's point was:

    Quote Originally Posted by AdamT View Post
    Participation rate was down slightly last month and up slightly the previous month. No change, net, over the last two months.
    Which considering Sept at 88,710 is false by 173k...if splittin' hairs...but when considering the previous year 86,503 the reduction is much greater...almost two and a half million...
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Blue_State View Post
    I will throw this out there. What would be an ideal participation rate for 2013?
    Somewhat short of ideal, but puts things in persepective:
    In the 25 years leading up to the recession, we had an average level of around 62.6% employment - to get back to "average" from where we are now - in one year - would require an average of almost 850,000 jobs created each month.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Hairytic View Post
    I had heard the expectation was low due to Super Storm Sandy...
    Not per the Labor Secretary:

    "While Hurricane Sandy did not affect the unemployment rate, it did result in 1.5 million Americans experiencing some sort of disruption in employment...."
    OPA News Release: Statement of Labor Secretary Hilda L. Solis on November employment numbers [12/07/2012]
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Taylor View Post
    Somewhat short of ideal, but puts things in persepective:
    In the 25 years leading up to the recession, we had an average level of around 62.6% employment - to get back to "average" from where we are now - in one year - would require an average of almost 850,000 jobs created each month.
    Again, we are in the midst of a long-term demographic change as the baby boom generation hits retirement. Average in the 25 years previous is not going to match up with current and future averages even if we had full employment.
    "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: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by AdamT View Post
    That's not what it means. It just means that the participation rate didn't move, which is not the same thing as the unemployment rate. The participation rate has been falling for a decade or more and will continue to fall as more baby boomers hit retirement age.
    The proportion of retirees has increased at a much more rapid rate throughout most of the past century (up until about 1990), than it's doing now with the baby boomers.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    The full quote shows that Sandy caused a disruption in employment and businesses where lost.
    "While Hurricane Sandy did not affect the unemployment rate, it did result in 1.5 million Americans experiencing some sort of disruption in employment. Families have lost their homes and possessions, and communities have lost businesses and public infrastructure. It's more critical than ever for America to rebuild. Hurricane Sandy underscores the need to repair our crumbling infrastructure and why it's so important for Congress to act on President Obama's plan to create a national infrastructure bank and put our construction workers back on the job.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Fenton View Post
    Oh BS.....they didnt even adjust for seasonal employment and how many dropped out of the labor force ?

    If it wasn't for stupid people you guys would have no base because xou would have to be pretty thick to think that report is indicative of anything good.
    "you guys?"

    I'm an American, and I'm just glad that the report wasn't worse. I'm also concerned that hyperpartisans on both sides are going to really mess things up with their game of chicken. save your venom for the hacks; I'm not interested.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Hairytic View Post
    The full quote shows that Sandy caused a disruption in employment and businesses where lost.
    "While Hurricane Sandy did not affect the unemployment rate, it did result in 1.5 million Americans experiencing some sort of disruption in employment. Families have lost their homes and possessions, and communities have lost businesses and public infrastructure. It's more critical than ever for America to rebuild. Hurricane Sandy underscores the need to repair our crumbling infrastructure and why it's so important for Congress to act on President Obama's plan to create a national infrastructure bank and put our construction workers back on the job.
    Er..uh, yeah, but didn't 'affect the unemployment rate' as you originally asserted...HELLO...
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Hundreds of thousands dropped out of Labor Force

    70% of all the new "jobs"" created in the last 5 months are Government Jobs. They require privately created wealth to exist, ie opportunity costs/negative externalities that affect real economic growth

    The Goebbels Propaganda Machine in WA continues to spin as Bernanke continues to pump away

    Fed Exit Plan May Be Redrawn as Assets Near $3 Trillion - Bloomberg

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