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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 Kushinator View Post
    We can refer to that as a structural shift in the U.S. labor market. Namely the retiring of boomers and a glut of low-skilled/low-wage labor that tends to dominate Anglo-Saxon economies.
    I'm sure people like yourself who are desperately trying to twist the numbers into something good, will come up with a lot of things to "refer" to the facts as...

    But bear in mind that since the EP ratio flattened out in 2009, the number of eligible workers has expanded by over 8 million people. When you do the math, that is nearly 4 million additional Americans who aren't working. Now have another look:

    ep_ratio.jpg
    Last edited by Grim17; 01-05-13 at 03:58 PM.

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

    Quote Originally Posted by phattonez View Post
    Why was it mostly in construction? Why was retail generally unaffected? Why was manufacturing affected a middling amount?
    Your graph clearly shows that the employment of construction workers increased during the housing boom, and decreased during the housing bust, and is now again at about the same level as retail employees. I don't find that surprising, and I believe that you probably don't find that surprising either.

    sorry, I think I am missing your point.
    Last edited by imagep; 01-05-13 at 04:04 PM.

  3. #113
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    Your graph clearly shows that the employment of construction workers increased during the housing boom, and decreased during the housing bust, and is now again at about the same level as retail employees. I don't find that surprising, and I believe that you probably don't find that surprising either.

    sorry, I think I am missing your point.
    That's percent change, and it's all business cycles, not just the most recent one.

    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 imagep View Post
    Manpower specializes in providing employees with lower educational levels, such as welders (as opposed to Accountants) to businesses for relatively short periods of time. The more people who go into welding, the higher their inventory of workers is, and the more successful they can be in their industry. They have a clear bias towards welders and roofers and the like.

    No, I don't deny it, I just don't have knowledge of it. Thats why I asked for a source. I was just expecting a better source from you though (thats a compliment, your sources are usually top notch and there are few posters on this forum that I respect more for their knowledge).
    You would have a point if they continually stated that skilled trades were highly demanded, but they do not (this trend began in 2008). Why don't you tell me what would be an acceptable source criteria and i will (just this once) provide one that meets your criteria.
    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

  5. #115
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Grim17 View Post
    I'm sure people like yourself who are desperately trying to twist the numbers into something good, will come up with a lot of things to "refer" to the facts as...

    But bear in mind that since the EP ratio flattened out in 2009, the number of eligible workers has expanded by over 8 million people. When you do the math, that is nearly 4 million additional Americans who aren't working. Now have another look:

    ep_ratio.jpg
    Then that represents little change. About half of our citizens work, and about half don't. I'm not surprised by this at all.

    Or am I just missing your underlying point?

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

    Quote Originally Posted by phattonez View Post
    Sorry, I meant construction. Manufacturing would be right in the middle there. So do you want to explain why construction was hit so much harder than retail and historically is always more volatile?

    Because the demand for new housing fell off a cliff. As Image stated, i am not sure what your point is....
    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

  7. #117
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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by imagep View Post
    Then that represents little change. About half of our citizens work, and about half don't. I'm not surprised by this at all.

    Or am I just missing your underlying point?
    That's not little change. That's huge. A 5% change over a typical 62.5% means that 8% more people are unemployed than are typically employed. Nearly 1 in 10 people who would be working are not.

    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
    Because the demand for new housing fell off a cliff. As Image stated, i am not sure what your point is....
    In every. Single. Recession?

    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
    You would have a point if they continually stated that skilled trades were highly demanded, but they do not (this trend began in 2008). Why don't you tell me what would be an acceptable source criteria and i will (just this once) provide one that meets your criteria.
    Most any source that is not by a private company that has a vested interest in selling tools, or in having a large pool of tradesmen. It would also help if the source wasn't politically motivated (ie Heritage Foundation).

    You seem to like data from the government, I will accept that as being a reasonable source.

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

    Quote Originally Posted by imagep View Post
    You seem to like data from the government, I will accept that as being a reasonable source.
    And government is less biased than companies?

    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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