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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
    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?
    What economic policy did Obama fully implement that got us out of the recession in June 2009?

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

    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.
    nyt today

    Baby boomers are aging into retirement. Even before the recession, the government projected in 2007 that participation would decline to 65.5 percent by 2016, from 66 percent. But the April rate of 63.3 percent means the labor force has lost roughly five million additional workers.

    Furthermore, the projections were wrong. Participation has actually risen among people older than 55. The decline is entirely driven by younger dropouts.
    Keeping Up, Not Getting Ahead - NYTimes.com

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

    Quote Originally Posted by Conservative View Post
    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.
    The mass retirement of the baby boomers has been in the news for years. Another bout of amnesia?

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

    Quote Originally Posted by Conservative View Post
    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.
    Well, some of them might be retired but looking for a job or discouraged that they want a job but think they're too old to be hired so stopped trying, or had been looking, fell ill, are able to work now but haven't started looking yet. There's no way to tell.

    One nitpick with your link:
    People who are looking for full-time work but have to settle on a part-time job due to economic reasons. This means that they want full-time work, but can't find it.
    About 22% of Part time for ecomic reasons usually work full time, but are working reduced hours due to slow business. And another 44% also are working part time due to slow business but are classified as (usually part time) because for the last few months they've been working part time.
    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 DA60 View Post
    'WASHINGTON (MarketWatch) - The U.S. economy created 165,000 jobs in April and the unemployment rate fell to 7.5% from 7.6% even though the size of the labor force increased, the government said Friday. What's more, hiring in March and February were revised up by a combined 124,000. The increase in hiring in April beat Wall Street's forecast. Economists surveyed by MarketWatch had expected a 135,000 gain, with unemployment remaining at 7.6%. The decline to 7.5% puts the jobless rate at the lowest level since December 2008. Meanwhile, the number of new jobs created in March was revised up to 138,000 from 88,000, the Labor Department said, while February's figure was revised up to 332,000 from 268,000.'


    U.S. adds 165,000 jobs; unemployment 7.5% - MarketWatch
    Thank you, President Obama.

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

    Quote Originally Posted by Conservative View Post
    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
    I gave you the facts and you only gave excuses. The fact is that growth is better under Democrats no matter how you may wish to deny it.


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

    Quote Originally Posted by Conservative View Post
    What economic policy did Obama fully implement that got us out of the recession in June 2009?
    He did "something." Post hoc ergo property hoc! (j/k)
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    growth:

    America's gross domestic product — the broadest measure of economic output — grew 6.8 percent from the April-June quarter of 2009 through the same quarter this year, the slowest in the first three years of a postwar recovery. GDP grew an average of 15.5 percent in the first three years of the eight other comebacks analyzed.
    AP: Economic recovery is weakest since World War II

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

    Quote Originally Posted by pinqy View Post
    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.

    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



    http://www.bls.gov/opub/mlr/2012/10/art1full.pdf



    Baby Boomers, Not Recession, Behind Drop In Workforce - Forbes

    Baby boomers, the generation born between 1946 and 1964, started reaching the conventional retirement age, 65, last year. That would certainly have many of them leaving their jobs and heading toward the doors. Itís their exit from the labor force that could explain why the labor-force participation rate has fallen from 66% at the end of 2007 to near 63.9% today, a group of Barclays Capital economists argue in a new report.

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

    Quote Originally Posted by iguanaman View Post
    The mass retirement of the baby boomers has been in the news for years. Another bout of amnesia?
    How about addressing the definition of the U-6 number and acknowledge that retirees aren't counted as discouraged workers or under employed. Still waiting for acknowledging that you continue to try and re-write history in favor of Democrats? what is it about liberalism that creates your kind of loyalty which makes you part of the problem not part of the solution?

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