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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

  1. #31
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by penn1954 View Post
    I think his point is that if enough people leave

    the workforce the % will keep going down.
    Exactly, in February the labor force was 155.5 and in March it was 155.0 million down 500,000 some of which were unemployed before and now are no longer counted as unemployed meaning a lower unemployment number and lower unemployment rate

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pinqy View Post
    How are you claiming that someone who goes from Employed to Not in the Labor force means fewer people are unemployed????
    There were several months during the recession where the labor force level and rate dropped and the UE rate went up.
    In December 2007 when the recession started there were 146 million employed Americans, today that number is 143 million. The labor force last month declined 500,000 meaning there were 500,000 less people to count as well as how many of those people were formerly counted as unemployed. No one can look at a decline in working Americans from 146 million to 143 million with a growing population as being a good performance.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Far too many here have no idea how the private sector economy works and the role incentive plays in job creation. Liberals are getting their wish, a massive central govt, more dependence, high unemployment, low economic growth, and high debt.
    what you posted doesn't warrant anything more than this response : there is no liberal conspiracy. you're going to have to figure out on your own that it's infinitely more complex than "those guys are bad and stupid; my team is good and smart."

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Helix View Post
    what you posted doesn't warrant anything more than this response : there is no liberal conspiracy. you're going to have to figure out on your own that it's infinitely more complex than "those guys are bad and stupid; my team is good and smart."
    How do you explain the liberal failures as shown in the actual numbers. What you are going to have to learn to do is accept responsibility for the failure of liberalism.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by mtm1963 View Post
    the usual bad news when it comes to jobs.

    the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.
    Part of the decline in the labor force participation rate almost certainly reflects the ongoing retirement of the Baby Boom generation. However, part of the rate may reflect structural factors, among others.

    To take avoid the noise related to changes in youth deciding to delay entry into the labor force and those reaching retirement age, it makes sense to take a closer look at the ages 25-64 demographic. One finds the following changes in the labor force participation rate for that group:

    Ages 25-54: -2.2%
    Ages 55-64: No change
    Ages 25-64: -2.2%
    Ages 25 and older: -2.6% (Age 65 and older has seen labor force participation rise from 16.5% to 18.5%)

    Hence, among the core working age population, the age 25-54 group accounts for the entire drop in the labor force participation rate for the larger age 25-64 group.

    A look at gender then reveals that males in the age 25-54 group are dropping out of the labor force at a rate 20% faster than women. The 5-year changes in the labor force participation rate for men and women in the age 25-54 group are as follows:

    Men: -2.4%
    Women: -2.0%

    The reasons for the difference are complex. Some factors that are likely relevant, and additional data will be required to really pin them down, include:

    1. The trend toward higher education attainment for women relative to men that has been underway over an extended period of time. Females are accounting for a growing share of college graduates (4- and 6-year rates, and advanced/professional degrees) at a rate that is above changes in their demographic representation. In other words, females are becoming more skilled relative to men and that relative change in skills would give them a greater incentive to stay in the labor force.

    2. Certain fields in which men accounted for a larger share of employees e.g., construction, had been tied to the housing bubble. Those fields have shrunk since the housing bubble burst and a share of those jobs are not likely to return anytime soon. In contrast, certain fields have been accounting for a relatively larger share of job growth since the economy bottomed out (education and health care, among them). Women have an edge in entering those fields based on ongoing educational attainment trends.

    All said, far more important than the headline figure one sees concerning the labor force participation rate, now at its lowest figure since 1979, is the decline taking place in the core working age population. The difference among gender raises anew the growing policy issue of differences in educational attainment between men and women. Should those trends persist, namely should men continue to grow less skilled relative to women, that would have broad labor force and macroeconomic implications. The skilled labor pool would be smaller than it would otherwise be. Put another way, the United States is at risk of becoming less competitive vis--vis the rest of the world.

    That lack of skilled labor/reduced competitiveness would reduce the nation's long-term growth potential (barring the admission of immigrants or aggressive outsourcing by which companies could mitigate domestic labor force deficiencies). This reduced growth potential would coincide with the demographic change in which the working age population itself is becoming relatively smaller (# of retirees is becoming relatively larger). That outcome has fiscal implications.

    In short, the data present just another reason why state and national policy makers need to place greater emphasis on addressing the nation's educational attainment problem (decline relative to other advanced countries; subpar attainment by males). Robust investment, concrete policies, and willingness to innovate will all be required.

  6. #36
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by j-mac View Post
    Absolutely, and never in our history have we had such a non event in terms of recovery from a recession....This is on purpose.
    Come now, Wall Street has recovered quite nicely. And the banks... back on top. Don't know about you, but I sure sleep well at night knowing that all the interest I should be earning on my savings is helping to line the pockets of Bernanke and his buddies. Quite fair when you think about it - we give them money at 0.7% so that they may provide credit to our neighbors at 15-24%. Everybody wins.

    Anyone for another round of QE?

  7. #37
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by CaptinSarcastic View Post
    There is no real path being taken at all right now as the divided government can't agree to anything.

    I can't disagree that the current path is failing, but you can't possibly think the current path is Obama's policy, the current path is a lack of policy because nothing remotely jobs related has gotten through Congress since 2009.

    I don't know why you would call my assertions demonizing, it is simple fact, Republicans in Congress adamantly oppose the Keynesian policies Obama supports and Obama adamantly opposes the supply-side policies Congressional Republicans support.

    My personal opinion is that the Keynesian approach is the best course so obviously I oppose the supply-side approach, but disagreeing with something is not demonizing it.
    Yeah? Well, that Keynesian approach is failing as we type....As far as not blaming Obama, why not? He's the President isn't he? Are you saying that progressive liberals never blame the President for things out of his control? Yeah ok...
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    How do you explain the liberal failures as shown in the actual numbers. What you are going to have to learn to do is accept responsibility for the failure of liberalism.
    lol, ok. rah, rah, cis boom bah, go team!

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Taylor View Post
    Come now, Wall Street has recovered quite nicely. And the banks... back on top. Don't know about you, but I sure sleep well at night knowing that all the interest I should be earning on my savings is helping to line the pockets of Bernanke and his buddies. Quite fair when you think about it - we give them money at 0.7% so that they may provide credit to our neighbors at 15-24%. Everybody wins.

    Anyone for another round of QE?
    So creating a bubble in banking, and wall st. is success? Well, I guess libs believe it since they are re starting the same policies in housing that caused the collapse in the first place.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  10. #40
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    So are you someone who believes that poor economic policies and poor leadership don't affect job creation? You really need to get out more.
    Oh, I happen to believe that government can be instrumental in job creation, I just believe that policies required are diametrically opposed to the policies that conservatives support, as does the President.

    As to leadership, it is fascinating that Republicans describe Obama as a failed leader as they have done everything in their power to cause failure, not just for Obama, but for the country.

    If you and I were members of a board of directors, with each member having veto power, and we both pursued the chairmanship but I got it, and then you vetoed everything I supported, you might argue that there was a leadership failure, but you'd know what it really was... petulance.

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