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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    ticks just INSIST on sucking the blood of their hosts. that's what ticks do/are.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    We are solving for poverty when due to a simple lack of income from gainful employment. A form of minimum wage that simply compensates labor for being unemployed in any at-will employment State in our republic. Any questions?
    Yes. Does this mean that anyone no longer working then gets minimum wage (based on 40 hours/week) and, if so, for how long?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by ttwtt78640 View Post
    Yes. Does this mean that anyone no longer working then gets minimum wage (based on 40 hours/week) and, if so, for how long?
    It should be unemployment compensation for being unemployed in our at-will employment States, that simply clears our poverty guidelines. two birds with one stone, since supply side economics is supposed to be supplying us with better governance at lower cost.

    from a philosophical point of view, no true social safety net should end while it is still needed or it merely sacrifices the end; contrary to the dictates of "plain reason and legal axioms". in any case, most people may want to quit being poor on an at-will basis if all they need to is become more marketable, sufficient to command an efficiency wage in the market for labor.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Slyfox696 View Post
    No, the economy was +192,000 jobs. When you take all the jobs which were added and remove the ones which were subtracted, you're left with 192,000.

    The reason for the unemployment rate not changing is generally due to a change in the number of people in the labor force (in this case, more people in the labor force).
    Labor force lost almost 1 million at the same time. So yeah, it boosts the unemployment rate because the BLS official rate is only calculated with people in the labor force. Check the true U-6 unemployment rate. Kind of scary. I would hardly call the gain awesome. This needs to be a continuing trend. All to often we see seasonal job gains and the politicians jump all over it, but fail to report how many people drop out of the labor force as well. Sure there are lots of boomers now, but 1 million in a month?

    The gains were all from the age 55-69 group. Workers younger than 55 lost 259k jobs. So having gains in only the top age group is also telling that these are probably not great jobs with awesome bennies.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by ginwood View Post
    ticks just INSIST on sucking the blood of their hosts. that's what ticks do/are.
    only having fallacy for your Cause is not any better when trying to diagnose the Body politic.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    It should be unemployment compensation for being unemployed in our at-will employment States, that simply clears our poverty guidelines. two birds with one stone, since supply side economics is supposed to be supplying us with better governance at lower cost.

    from a philosophical point of view, no true social safety net should end while it is still needed or it merely sacrifices the end; contrary to the dictates of "plain reason and legal axioms". in any case, most people may want to quit being poor on an at-will basis if all they need to is become more marketable, sufficient to command an efficiency wage in the market for labor.
    While I realize that you love to spew your general philosophy, the simple question asked in my post, to which you responded with quote, required a simple yes or no answer and, if yes, a period of time.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    hey, guys, why have a partisan fight about last month's job report when you can have a partisan fight about this month's job report?

    http://www.debatepolitics.com/breaki...ops-6-3-a.html

    woohoo!

    in case you don't want to go to the trouble of reading the thread, the job report is absolutely terrible or awesome, depending on your lean.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by ttwtt78640 View Post
    While I realize that you love to spew your general philosophy, the simple question asked in my post, to which you responded with quote, required a simple yes or no answer and, if yes, a period of time.
    What part of the concept and legal doctrine in American law regarding employment at will, do you have any difficulty with?

    in any case, most people may want to quit being poor on an at-will basis if all they need to is become more marketable, sufficient to command an efficiency wage in the market for labor.
    Last edited by danielpalos; 05-02-14 at 03:45 PM.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by JRSaindo View Post
    Labor force lost almost 1 million at the same time. So yeah, it boosts the unemployment rate because the BLS official rate is only calculated with people in the labor force. Check the true U-6 unemployment rate. Kind of scary. I would hardly call the gain awesome. This needs to be a continuing trend. All to often we see seasonal job gains and the politicians jump all over it, but fail to report how many people drop out of the labor force as well. Sure there are lots of boomers now, but 1 million in a month?

    The gains were all from the age 55-69 group. Workers younger than 55 lost 259k jobs. So having gains in only the top age group is also telling that these are probably not great jobs with awesome bennies.
    When there are mega millions more people out of work than there are jobs for them, it is definitely a buyers market for employers. When there is full employment--generally believed to be the case when the REAL unemployment rate is at or below 4%--it is a sellers market for the workers. Employers have a much smaller available work force to choose from, and will have to offer top wages to get the best people.

    In such an economy as we have now, employers are less willing to take a chance on the untried, untrained, young and will of course hire the older, more experienced worker who has already demonstrated his skill sets and work ethic. And older workers who have fewer options will take those jobs while the young fall back on their parents to continue to support them.
    Last edited by AlbqOwl; 05-02-14 at 03:54 PM.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by JRSaindo View Post
    Labor force lost almost 1 million at the same time.
    No, it didn't. You're confusing April's report with March's. This thread was about March. In March, labor force participation went up.

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