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

  1. #51
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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
    In December 2007 when the recession started there were 146 million employed Americans, today that number is 143 million.
    Employment bottomed out Dec 2009 at 139,025,000

    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.
    Employment dropped 206,000 and Unemployment dropped 290,000. Not in the Labor Force increased 663,000 but those Not in the Labor Force who want a job dropped 99,000... so while the % of the population in the Labor Force dropped 0.2 percentage points, the % of the population who don't want to work increased 0.3 percentage points. In other words the drop in the Labor Force is due to fewer people wanting to work.

    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.
    How about an increase from 139 million to 143 million?

    I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.
    Last edited by pinqy; 04-05-13 at 12:14 PM.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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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.
    I would like you to prove it is on purpose.

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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
    not terribly surprising. didn't look to be a
    good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."
    You guys are so utterly desperate to avoid the obvious its sureal.

    Its as if you people are locked into some hypnotic state. First, Sequester is Govt borrowing or printing to maintain Federal spending.

    Are you saying after 4 years, 6 trillion in new structural debt, a FED pumping massive amounts of printed currency into our financial market, thats the only thing holding up our economy ?

    And second, what about private sector growth ? Because growth from the Public Sector IS NOT actual "growth".

    We dont need new "economist" we need new leader ship as the Democrats focus on gun control and immigration millions of Americans are struggling......still.

  4. #54
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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
    Employment bottomed out Dec 2009 at 139,025,000

    [qutoe]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.
    Employment dropped 206,000 and Unemployment dropped 290,000. Not in the Labor Force increased 663,000 but those Not in the Labor Force who want a job dropped 99,000... so while the % of the population in the Labor Force dropped 0.2 percentage points, the % of the population who don't want to work increased 0.3 percentage points. In other words the drop in the Labor Force is due to fewer people wanting to work.

    How about an increase from 139 million to 143 million?

    I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.[/QUOTE]

    I don't think having a working force of 143 million today six years later after it was 146 million is a success that you want to talk about. things are every bit as bad as people are trying to paint it. We have a growing population and declining work force along with a reduction in the labor market. The key number is 155 million labor force today and 143 million working. That is a disaster that only Europe can relate to.

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

    I haven't seen the U6 numbers yet but if you look at the graph ... the U6 numbers had been usually 4 points or so higher than the U3 numbers ... until 2009 ... when they became around 8 points higher.
    Could the trend have even worsened to get the U3 slightly lower as it has?

    U3vsU6-UnemploymentRate.jpg

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

    [QUOTE=Texmex;1061655546]I would like you to prove it is on purpose.[/
    QUOTE]

    Then you admit you people elected an incompetent twice ?

    Why would you do that ?

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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 labor force participation rate for march was 63.3%, down from feb's rate of 63.5%. that's a few 100,000 people that dropped out of the labor force.
    The Labor Force dropped about 500,000
    Not in the Labor Force increased 633,000

    That's 133,000 more people not in the labor force who did not "drop out of the labor force."
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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

    [QUOTE=Fenton;1061655600]
    Quote Originally Posted by Texmex View Post
    I would like you to prove it is on purpose.[/
    QUOTE]

    Then you admit you people elected an incompetent twice ?

    Why would you do that ?
    It does seem that no liberal has the ability to admit they are wrong on any issue and will fight for their ideology regardless of the proven economic results. I call it liberal arrogance when someone else blames one's own failure on someone else and expects the Federal taxpayer to bail them out.

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

    Quote Originally Posted by MMC View Post
    Yeah, but that wont make up for the loss of medical people in R&D and other areas of the profession. Also More doctors will be closing up shop. Especially with the pharmacies giving out shots and vaccinations. 20 bucks in an and out.
    Huh? Doctors who do nothing but give shots? What a waste of a education.

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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)
    Polls these days are very subjective...Just as you can cite a poll to back your opinion, I can find an equal one to back mine....They are meaningless.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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