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Thread: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by DA60 View Post
    Btw, comparing April to March, 2014...there are

    - 24,000 less 16-19 year olds working
    - 26,000 less 20-24 year olds working
    - 209,000 less 25-54 year olds working

    However, there are 174,000 more over-55 year olds working.

    Table A-9. Selected employment indicators
    How much do you want to bet that those over 55 are taking part time positions?

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Looking at how unemployment is actually calculated consider this analogy; viewing the US workforce as water in a bucket and unemployment (job loss) as a hole in that bucket, then as the level of water in the bucket decreases the flow rate out of that hole slows.
    “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 Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    If we could just get all these stubborn job-seekers to stop applying for jobs, we could get that unemployment rate to 0% in no time.

    Jerks.

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by ginwood View Post
    If you aint making $20 an hour, and getting at least 50 hours per week, you might as WELL be unemployed, cause what's happening is you are slowly starving to death. and that's about 3/4 of of the US population. That's WITHOUT a dependent wife or kids. With a couple of kids, you AND your wife better be grossing 100k per year, each. Or you HAVE to be either sucking the govt teat for the kid's education (a very poor one) or you are in other ways not raising the kids properly/not adequately preparing for your retirement/healthcare.
    I can tell from your comments above that you must be a teenager or early 20s, likely still in school, with zero concept of what living on your own in the real world is all about. To think that you need a gross income of $200,000 a year to be able to afford to have a family is just asinine unless you spend like a drunken sailor with an incredible "me-now" instant gratification mentality. Young people coming out of school these days think they can demand 6 figure salaries as an entitlement of breathing, with a nice condo and a BMW and lots of vacations and nice clothes, etc. etc. It's all about expectations in life and yours seem a little high.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    1) What kind of jobs were these people hired for?

    2) Are these newly created jobs or refills?

    3) Are these just temporary or seasonal jobs?

    4) What was the average starting wage? Full or part time?

    5) Do these jobs include benefits such as health insurance?

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by CanadaJohn View Post
    I can tell from your comments above that you must be a teenager or early 20s, likely still in school, with zero concept of what living on your own in the real world is all about. To think that you need a gross income of $200,000 a year to be able to afford to have a family is just asinine unless you spend like a drunken sailor with an incredible "me-now" instant gratification mentality. Young people coming out of school these days think they can demand 6 figure salaries as an entitlement of breathing, with a nice condo and a BMW and lots of vacations and nice clothes, etc. etc. It's all about expectations in life and yours seem a little high.
    Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! : How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

    I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it!

    Greetings, CJ.

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by polgara View Post
    Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! : How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

    I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it!

    Greetings, CJ.
    I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

    Hi ya polgara! Hope all is well with you.
    the Fix-is-in Bureau of Investigation

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by eohrnberger View Post
    I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

    Hi ya polgara! Hope all is well with you.
    Great day so far, Erik! Sun keeps hiding behind the clouds from time to time, and rain is predicted, but I can always find something that must be tackled to live in relative comfort indoors! Like baking? Scrubbing floors? ... :

    Greetings, Erik!

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by polgara View Post
    Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! : How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

    I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it!

    Greetings, CJ.
    Good afternoon Lady P.

    You have a similar history to mine, in that I finished my degrees while working full time and had my employer pay for a lot of my later education - it was one of the benefits of the job. It wasn't easy - nothing much worth having ever is - but after two years full time in university I was so tired of school I just had to get out in the real world and start my life. I don't get how some people continue attending school into their late 20's early 30's as is school is a career.

    Anyway, it was nice to hear your story and that it worked out for you - now that I'm retired, I get all the stress free sleep I need!!
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

    Quote Originally Posted by eohrnberger View Post
    I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

    Hi ya polgara! Hope all is well with you.
    The big inflators here in Toronto Canada these days are all the energy fields - electricity, natural gas, gasoline - and housing costs. Back when $15,000 was a good salary, you could buy a new car for about $3,000 and a new house for about $25,000 - try buying either one for less than your annual salary now or just above it!!
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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