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

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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
    lol, ok. rah, rah, cis boom bah, go team!
    Sorry that actual facts including data get in the way of your ideology.

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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
    The only action they would support is the action that we all know Obama won't take, and that is what conservatives often refer to as getting out of the way, and the rest of us call it letting business interests exploit every American resource, from workers to the environment.
    What the rest of you need to realize is that big business is the big winner when it comes to a highly regulatory environment. They're the only ones that can afford to hop the hurdles and cut through the red tape. They're good at it. Really good. They have departments full of lawyers who dedicate their lives to it. They're the ones with the deep pockets and soft whispers advocating for any red tape that will help squash competition, squash small business, and secure their monopolies.

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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
    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.
    Sorry, but it does appear that you have no understanding of our private sector economy and what it takes to stimulate and grow it. Let me help you, govt. economic policy that doesn't penalize individual wealth creation and dampers investment capital creation.

    Name for me one positive economic policy Obama has created?

    What you fail to recognize is that every President in history has had opposition and the sign of a good leader is the ability to work with that opposition. Obama's "my way or the highway" attitude isn't condusive to positive economic policy and growth. In fact Obama had a filibuster proof Senate during his first term.

    Seems that Obama supporters are oblivious to reality.

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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
    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.
    Not only do they call it a success, their bobble heads go up and down in unison and they all take another sip of kool-aid every time Obama tells them he's helping the middle class.

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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
    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...
    Oh, don't get me wrong, I understand political reality, I recognize that as the sole individual actor in government, the President gets blame and credit for pretty much everything, whether in his control or not. But I also recognize that never before has one party used this political reality of perception to force failure.

    The funny thing is that the American people are not buying it as you can see from opinion polling. The GOP is responsible for preventing any policy path, and the American people know it. 71% of Americans disapprove of the way Congressional Republicans are handling their jobs, FAR greater than disapproval of Obama and significantly greater than disapproval of Congressional Democrats. (Queue the media bias meme)

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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
    Oh, don't get me wrong, I understand political reality, I recognize that as the sole individual actor in government, the President gets blame and credit for pretty much everything, whether in his control or not. But I also recognize that never before has one party used this political reality of perception to force failure.

    The funny thing is that the American people are not buying it as you can see from opinion polling. The GOP is responsible for preventing any policy path, and the American people know it. 71% of Americans disapprove of the way Congressional Republicans are handling their jobs, FAR greater than disapproval of Obama and significantly greater than disapproval of Congressional Democrats. (Queue the media bias meme)
    Please explain what value a national poll offers for evaluating Congressional elections when nothing really changed in the last election, Republicans still hold the House and Democrats the Senate and WH? Congressional elections are local not national nor are they determined by national polls.

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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
    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.
    He had the house and senate for two years and couldn't control the dems in the senate which resulted in the healthcare mandate he had opposed which resulted in him being political crippled by the ensuing polarization. That not withstanding, he this year got the 2% tax increase on every worker he wanted and he got the raise in the top end tax rate. Very little economically has been "vetoed" except uncontrolled spending.

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

    Good gosh, there are a lot of people just dropping out of the workforce altogether. Not even trying. (That says as much about them as anything, unfortunately.)

    This is what liberals like Obama want...a vast mass of people completely dependent on government support. Why work, when you can steal legally? Just keep voting like you're voting, and it's all good!

    Meanwhile, MSNBC will brag to no end about that 7.6 percent unemployment, uttering nary a word about the startling and accelerating drop in the workforce.

  9. #49
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by donsutherland1 View Post
    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.
    i don't really disagree with the points you have made here.

    i would say the baby boomer impact at this time is minimal, but by the end of the decade their retirement will most certainly have more of an impact on the labor force.

    discouraged workers are the main reason the participation rate keeps falling. the long term unemployed is still at a high level, thus many of those people keep leaving the work force.

  10. #50
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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
    Oh, don't get me wrong, I understand political reality, I recognize that as the sole individual actor in government, the President gets blame and credit for pretty much everything, whether in his control or not. But I also recognize that never before has one party used this political reality of perception to force failure.

    The funny thing is that the American people are not buying it as you can see from opinion polling. The GOP is responsible for preventing any policy path, and the American people know it. 71% of Americans disapprove of the way Congressional Republicans are handling their jobs, FAR greater than disapproval of Obama and significantly greater than disapproval of Congressional Democrats. (Queue the media bias meme)
    They're not "buying it" because they're celebrating it. Free money and no work is quite popular among your voting bloc.

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