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Thread: U.S. unemployment falls to 7.5% in April [W: 348, 360]

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by iguanaman View Post
    Saying No to everything is not an "ideology". It's a travesty and a
    symptom of a dying party with no ideas left.
    Oh and I have some more bad news for you.
    The employment numbers for Feb. and March have been revised upward by another 114,000 jobs and the Dow broke 15,000 today. Sorry

    You should apologize if your celebrating " the rich getting richer" thanks to Bernakes perpetual QE, while the middle class sector shrinks and average Americans continue to suffer.

    Your'e joking right ? About the DOW ? LOL ! Ah man tell me your'e not seriously celebrating a Stock Market thats being propped up with the Feds printing and monetizing of nearly 70% of our Treasuries.

    Tell me your not celebrating the massive subsidies that have been passed out to banks since 2008 so they can sit on nearly 2 trillion in reserves. Unbelievable. Another " BRILLIANT " rebut from Iggy.

    As far as his jobs numbers are concerned the Labor force has now shrunk to 9,500,000 as you libs brag about your Presidents abillity to manipulate numbers......he can only manipulate those who either want to be manipulated or are chronically impaired.

    It's easy to shrink unemployment numbers. Just drive the US economy into a ditch and reduce the pool and then count on the afflicted and terminal ideologues to cheer and brag and spread the word.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by pinqy View Post
    ........
    Leaving the labor force can happen in many ways. To leave the population altogether (which of course is a minus to the labor force as well), you can die, go to jail, join the military, get institutionalized, or leave the country. To leave the labor force and stay in the population you can retire or otherwise lose/leave your job and not (yet) start looking for work. Until you start looking, you're not unemployed. If Unemployed, you stop looking for work. Most of that is for personal reasons: school, family obligations, illness/injury etc.
    ....you forgot you start a business, maybe its simply putting a shingle out and being a consultant, which is what a lot of people do, or starting another type of business. I would be in this group, having been downsized in 2008... I did not ever spend time "looking for work"... by labor statistics, I am a discouraged worker.

    I started a company and now have 60 employees (mostly part-time)... and curiously, I am a survey point for the BLS... they call every month and want my headcount, payroll and hours.....

    A large part of the "leaving the work force" is the retired and semi-retired population. The baby boomers are turning 65. The over 50 population was particularly hard hit in the 2008 retrenchment. Many of them are hanging it up or semi-retired.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by upsideguy View Post
    ....you forgot you start a business, maybe its simply putting a shingle out and
    being a consultant, which is what a lot of people do, or starting another type of business. I would be in this group, having been downsized in 2008... I did not ever spend time "looking for work"... I started a company and now have 60 employees (mostly part-time)... and curiously, I am a survey point for the BLS... they call every month and want my headcount, payroll and hours..... so, by labor statistics, I am a discouraged worker.
    Why part time ? Trying to out run Obama-Care ?

    Let me guess, the majoroty of your part time employees work under 30 hours each.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by ocean515 View Post
    Hi Polgara

    I think you're on to something...

    You know, I'd love to see how the BLS is calculating the number of people who are retiring from the work force.
    It doesn't. "Retired" is a response offered in the survey as a reason for not looking for work, but status as "retired" plays no role in any of the calculations.

    It seems quite convenient to remove babyboomers like me, when all the evidence I have seen suggests we are not retiring at the rate they seem to be applying.
    They're not applying any rate. I don't know how you think the numbers are calculated. How do you think they're applying any kind of rate???

    And BLS data clearly shows that labor force participation by those 55+ and 65+ have been increasing. But even so, there are still a lot more older folks as a percent of the population and therefore a lot more in the Not in the Labor Force category
    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. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by upsideguy View Post
    ....you forgot you start a business, maybe its simply putting a shingle out and being a consultant, which is what a lot of people do, or starting another type of business.
    Which would make them Employed and part of the Labor Force.
    I would be in this group, having been downsized in 2008... I did not ever spend time "looking for work"... by labor statistics, I am a discouraged worker.
    No, Discouraged worker would be you did not work in the previous week, you could have accepted a job in the previous week, and you've looked for work in the last year but not last month.

    If you're working, why do you think BLS would classify you as Not in the Labor Force????

    I started a company and now have 60 employees (mostly part-time)...
    Then you're EMPLOYED.

    and curiously, I am a survey point for the BLS... they call every month and want my headcount, payroll and hours.....
    That's the Current Employment Statistics Survey...it's where the official jobs numbers come from.

    A large part of the "leaving the work force" is the retired and semi-retired population.
    Semi retired is still employed. There is an entry in the tables for those working part time so they don't go over Social Security income limits.
    The baby boomers are turning 65. The over 50 population was particularly hard hit in the 2008 retrenchment. Many of them are hanging it up or semi-retired.
    Classification is entirely based on ACTIVITY. If you're working, you're employed, regardless of whether or not you retired from some other job. If you're retired but looking for a part time job for extra cash then you're unemployed. Retired, disabled, doesn't matter.
    Last edited by pinqy; 05-03-13 at 02:45 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. unemployment falls to 7.5% in April [W: 348, 360]

    I'm glad some people are finding some work, others are losing jobs. IMO, this "improvement" is so small it's probably part of a normal economic cycle that would improve eventually anyway. I don't think the administration really added any value. Besides, he been thinking about other things since the election anyhow.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Fenton View Post
    You should apologize if your celebrating " the rich getting richer" thanks to Bernakes perpetual QE, while the middle class sector shrinks and average Americans continue to suffer.

    Your'e joking right ? About the DOW ? LOL ! Ah man tell me your'e not seriously celebrating a Stock Market thats being propped up with the Feds printing and monetizing of nearly 70% of our Treasuries.

    Tell me your not celebrating the massive subsidies that have been passed out to banks since 2008 so they can sit on nearly 2 trillion in reserves. Unbelievable. Another " BRILLIANT " rebut from Iggy.

    As far as his jobs numbers are concerned the Labor force has now shrunk to 9,500,000 as you libs brag about your Presidents abillity to manipulate numbers......he can only manipulate those who either want to be manipulated or are chronically impaired.

    It's easy to shrink unemployment numbers. Just drive the US economy into a ditch and reduce the pool and then count on the afflicted and terminal ideologues to cheer and brag and spread the word.
    Driving economies into a ditch, now that's something your side knows all about. Every Republican President has had a recession in his 1st term since WWII. Why do you think that is?


    The Republican Presidential Recession Record
    Here's the count. You decide.

    Dwight Eisenhower: 2 recessions
    Richard Nixon and Gerald Ford: 2 recessions
    Ronald Reagan: 1 recession
    George H.W. Bush: 1 recession
    George W. Bush: 2 recessions

    Here are the Democrats:

    John Kennedy and Lyndon Johnson: no recessions
    Jimmy Carter: one recession, the briefest of the era
    Bill Clinton: no recessions


    Eight to one: As I say, you decide.
    Jeff Madrick: The Republican Presidential Recession Record

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by iguanaman View Post
    Driving economies into a ditch, now that's something your side knows all about. Every Republican President has had a recession in his 1st term for 100 years. Why do you think that is?
    Wow, reviving History is one of your traits. What economic policy did Reagan have in place that caused a recession in July 1981? That was a double dip charged to Carter. What economic policies did Bush have in place in March 2001 that caused that recession or was it due to the dot.com bubble bursting under Clinton?

    You have a bad case of BDS as well as the inability to objectively review actual results but would rather blame everything on someone other than a Democrat. The actual facts destroy your credibility

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Let's set the record straight, here is the definition of the U-6 number which doesn't include retired individuals

    U-6 Unemployment Rate - What Does It Mean?

    Now the labor force would indicate retired individuals but those retirees are offset by population growth with individuals entering the work force.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by American View Post
    I'm glad some people are finding some work, others are losing jobs. IMO, this "improvement" is so small it's probably part of a normal economic cycle that would improve eventually anyway. I don't think the administration really added any value. Besides, he been thinking about other things since the election anyhow.
    Right and we all know a President can only do one thing at a time. Perhaps you have another Western country in mind that has a better economy today? One who's leaders did a better job than Obama at getting out of the Bush Recession?

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