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

  1. #61
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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 ?
    That's a lie! I didn't vote for Bush either time.

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

    [QUOTE=Conservative;1061655609]
    Quote Originally Posted by Fenton View Post

    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.
    Nice BS rant that says absolutely nothing, something you are good at. How about answering the question?

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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
    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."
    we are nearing 4 years post recession and the labor participation rate continues to drop. normally the rate would have stabalized by now even if the rate were lower then pre-recession levels.

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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
    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.
    You're talking like it was a straight decline. It wasn't It went from 146 million down to 139 million and now is back up to 143 million.
    So 139 million to 143 million IS an improvement.


    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.
    Labor Force Dec 2007 was 153,918,000. March 2013 it's 155,028,000 and that's after dropping 626,000 since January.

    The key number is 155 million labor force today and 143 million working. That is a disaster that only Europe can relate to.
    And both are up from the worst of the decline.
    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 mtm1963 View Post
    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.
    Four points:

    1. The numbers I posted show that the Baby Boom retirements explain only a small part of the decline in the labor participation rate. Almost 85% of the drop in the labor participate rate for those aged 25 and older is occurring among those aged 25-64.

    2. All of the labor force participation rate decline in the age 25-64 groups is occurring in the age 25-54 segment.

    3. Older people are maintaining or increasing their labor force participation rate: Ages 55-64: No change; Ages 65 and older: +2.0%

    4. I agree about the point about discouraged workers. Those workers are dropping out for cyclical factors and structural ones. The cyclical ones are not really a big problem, as those workers typically return to the labor force. The structural factors should be a big concern. Those workers face barriers to re-entering the labor force (skills-jobs mismatch). The dynamics behind the structural factors concern skill development (education/training) on one hand and the composition of the job market (ongoing shift, in general, toward knowledge-intensive jobs).

    OECD reports and U.S. data have highlighted negative educational attainment trends, particularly among males. The data is now beginning to ripple through the labor force participation rates for younger people in the age 25-54 segment.

    5-Year Change in Labor Force Participation (Ages 25-29):
    Men: -3.2%
    Women: -1.7%

    Men have dropped out of the labor force at a rate 90% faster than women.

    5-Year Change in Labor Force Participation (Ages 30-34):
    Men: -1.6%
    Women: -1.4%

    Men have dropped out of the labor force at a rate nearly 15% faster than women.

    The adverse educational attainment outcomes are most pronounced in recent years and, not surprisingly, are showing up in the Age 25-29 group. Some of the disparity in the Age 30-34 group is masked by the reality that some women are leaving the labor force for family formation considerations.

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

    Quote Originally Posted by Fenton View Post
    You guys

    Its as if you people
    i'm an independent. go team!

    Quote Originally Posted by Fenton View Post
    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 ?
    the fed's liquidity strategy is risky, and i don't support it.

    Quote Originally Posted by Fenton View Post
    And second, what about private sector growth ? Because growth from the Public Sector IS NOT actual "growth".
    disagree. we want and need people to be employed. their access to resources depends on it, and our economy benefits from consumption. somebody has to hire them. if the private sector isn't doing it, then i'm all for the public sector hiring them. it's either that or pay them not to work, and there's plenty that needs done.

    Quote Originally Posted by Fenton View Post
    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.
    we need more choices. this dem vs repub bull**** teamsport dynamic is hurting us more than it's helping us. also, the plural of "economist" is "economists."

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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.


    March is a perfect example of what is happening to employment in America.

    The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

    But it went down.

    Only because more Americans gave up looking for work (which is why the participation rate above is going down).

    The unemployment situation is NOT getting better in America, it is getting worse.

    If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

    People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

    All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
    Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

    Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

    But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
    No she hasn't...not even close.

    The house of cards is growing.
    Last edited by DA60; 04-05-13 at 12:37 PM.

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

    [QUOTE=Texmex;1061655628]
    Quote Originally Posted by Conservative View Post

    Nice BS rant that says absolutely nothing, something you are good at. How about answering the question?
    Answering what question as obviously you have no idea how to use quotes properly as the post you attributed to Fenton was actually mine. You want to debate the issues please give me something factual to debate, not simply your opinions based upon biased inaccurate reporting. Do some research to learn the errors of liberalism and your ways.

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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
    You're talking like it was a straight decline. It wasn't It went from 146 million down to 139 million and now is back up to 143 million.
    So 139 million to 143 million IS an improvement.


    Labor Force Dec 2007 was 153,918,000. March 2013 it's 155,028,000 and that's after dropping 626,000 since January.

    And both are up from the worst of the decline.
    So you are using the 143 million as a baseline and ignoring it was 146 million 6 years ago. Getting back to 143 million is very poor performance especially with a 155 million labor force.

    Being up from the worst decline but not even close to being back to 2007 numbers is the disaster I am talking about. what you are showing is that we have a 3 million increase in labor force and a 3 million loss in employment. Is that a success in your world?

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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."
    Name one credible source that can identify a single job that was lost in March as a result of the sequester.

    The jobs numbers were abysmal but had nothing, zero to do with the sequestration and everything to do with the onset of Obamacare and the American people's idiotic decision to put the golfing/crooning/jumpshot shooting clown back in the White House.

    Almost 500.000 left the workforce last month resulting in a downward tick in the unemployment rate. At this pace, Obama can claim success when everyone in America stops working or looking for work. Well done.

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