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

  1. #741
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    Yes, a form of minimum wage is a market based metric under any form of Capitalism.

    you are welcome to re-state your position.
    A simple yes would have sufficed.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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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, it didn't. You're confusing April's report with March's. This thread was about March. In March, labor force participation went up.
    Oops, my mistake. Saw it on the top so thought it was this month. I knew it was 288k too, just dumb on my part. Still, jobs gains mean diddly when people are dropping out of the labor force in droves each month.

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

    Quote Originally Posted by JRSaindo View Post
    Oops, my mistake. Saw it on the top so thought it was this month. I knew it was 288k too, just dumb on my part.
    No problem, mistakes happen to everyone.

    Still, jobs gains mean diddly when people are dropping out of the labor force in droves each month.
    Not necessarily, it always depends on why they are dropping out.

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

    Its not all from retiring.

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

    Quote Originally Posted by JRSaindo View Post
    Its not all from retiring.
    No, but it's not all because they can't find jobs either. It's also kids staying in school longer, adults going back to college, etc. But retirees do make up a significant portion of those leaving the labor force, we've known it was going to happen for decades.

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

    Quote Originally Posted by danielpalos View Post
    anyone who doesn't want to stay poor on an at-will basis.
    But according they're not "poor" anymore if they are provided an income that clears the poverty guidelines. So, I don't have to work, and I clear poverty guidelines, so again, why work?
    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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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Slyfox696 View Post
    No, but it's not all because they can't find jobs either. It's also kids staying in school longer, adults going back to college, etc. But retirees do make up a significant portion of those leaving the labor force, we've known it was going to happen for decades.
    You could be right to a certain extent. But the administration is not helping itself by not explaining this.
    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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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by j-mac View Post
    But according they're not "poor" anymore if they are provided an income that clears the poverty guidelines. So, I don't have to work, and I clear poverty guidelines, so again, why work?
    why stay poor on an at-will basis?

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

    Quote Originally Posted by danielpalos View Post
    why stay poor on an at-will basis?
    Because it's easier than working to become rich.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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

    Quote Originally Posted by The Mark View Post
    Because it's easier than working to become rich.
    not if you can collect unemployment compensation and obtain as many degrees as necessary to command an efficiency wage in the market for labor.

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