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Thread: Job growth cools slightly, recovery grinds on [W:225]

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    Hmm, that's interesting. Do you have any links that support that (not that I am disagreeing, I just want to know more). I always wondered why the spendulous bill never resulted in the promised infrastructure improvement.

    And I find it odd that we have a lack of welders, seems like around my parts that's one of the biggies that they teach at the high school vocational schools and at the tech colleges.
    It is a growing concern in my neck of the woods (the Chicagoland area). They are all aging, and the lack of unionization is not replenishing the retiring boomers who are master welders.

    source

    Also, it is partially the fault of parents who instill the belief that their children are failures if they do not become doctors or lawyers.
    Last edited by Kushinator; 01-05-13 at 03:27 PM.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    Thanks for posting that.

    At around the year 2000 our participation rate started to fall, although it is only slightly noticiable on the chart, and then just about the time that the recession started, it started to fall more, which is fully expected during a recession with the magnatude that we had. Also, around the start of the recession, the first of the baby boomers started to retire, which amplified the decline in the labor force participation rate even more.
    Change the scale and you'll draw a much different conclusion.



    I used 1990 to start because by then most women who were going to enter the job market had by then. Remember that earlier statistics would have had most wives staying at home. By 1990 this was mostly gone. Look at it now and tell me that's it's only slight.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Since you all just love charts so much...

    ep_ratio.jpg

    As you can see, there has been virtually no change in the percent of eligible working Americans that have jobs since the recession ended in 2009.

    That's 3 years of nothing, nada, zilch, zero, zip...

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Grim17 View Post
    Since you all just love charts so much...

    ep_ratio.jpg

    As you can see, there has been virtually no change in the percent of eligible working Americans that have jobs since the recession ended in 2009.

    That's 3 years of nothing, nada, zilch, zero, zip...
    Exactly!

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    It is a growing concern in my neck of the woods (the Chicagoland area). They are all aging, and the lack of unionization is not replenishing the retiring boomers who are master welders.

    source
    Ah...err...it's an article presented by a company that makes tools, and it uses a low end temp company as a source. Anything else?

    Also, it does cite the Bureau of Labor, but I don't find it odd that 1/3rd of our skilled tradesmen are over the age of 50. Close to 1/3rd of everyone in our work force is over the age of 50. I would expect that one could be trained to be a welder in a matter of months, but it would probably take til age 50 to become a "master" anything.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    Also, it is partially the fault of parents who instill the belief that their children are failures if they do not become doctors or lawyers.
    More and more parents feel that their children are failures if they become lawyers (just kidding)

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by phattonez View Post
    Change the scale and you'll draw a much different conclusion.



    I used 1990 to start because by then most women who were going to enter the job market had by then. Remember that earlier statistics would have had most wives staying at home. By 1990 this was mostly gone. Look at it now and tell me that's it's only slight.
    I am agreeing with you that it has been significant, thats the reason I brought it up. I was just saying (for the sake of others who are graph challenged) that it looks mild on the origional chart.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    Ah...err...it's an article presented by a company that makes tools, and it uses a low end temp company as a source. Anything else?
    WTF are you talking about? Manpower group is listed on the NYSE and has a current market cap of $3.5 billion. My purpose here is not to spoon feed.

    Also, it does cite the Bureau of Labor, but I don't find it odd that 1/3rd of our skilled tradesmen are over the age of 50. Close to 1/3rd of everyone in our work force is over the age of 50. I would expect that one could be trained to be a welder in a matter of months, but it would probably take til age 50 to become a "master" anything.
    Do you deny there is a severe shortage in skilled tradesman?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    I am agreeing with you that it has been significant, thats the reason I brought it up. I was just saying (for the sake of others who are graph challenged) that it looks mild on the origional chart.
    Fun with scales, things have to be relative. Percent change usually does a good job of evening things out, but even it has its problems.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    Do you deny there is a severe shortage in skilled tradesman?
    You mean capital isn't homogeneous?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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