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

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

    Last edited by DA60; 05-02-14 at 11:21 AM.

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

    I wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.
    "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%

    Wow...everything looks great.

    Errr...wait a minute...

    the number of employed in America actually dropped last month by 73,000.

    And the Labor Force Participation Rate (LFPR) plummeted 0.4 down to 62.8%...over 800,000 people left the labor force.


    Employment Situation Summary Table A. Household data, seasonally adjusted


    Always look at the fine print...and never trust a headline.

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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
    Wow...everything looks great.

    Errr...wait a minute...

    the number of employed in America actually dropped last month by 73,000.

    And the Labor Force Participation Rate (LFPR) plummeted 0.4 down to 62.8%...over 800,000 people left the labor force.


    Employment Situation Summary Table A. Household data, seasonally adjusted


    Always look at the fine print...and never trust a headline.
    I was just going to note this, as follows:

    The civilian labor force dropped by 806,000 in April, following an increase of
    503,000 in March. The labor force participation rate fell by 0.4 percentage
    point to 62.8 percent in April. The participation rate has shown no clear trend
    in recent months and currently is the same as it was this past October. The
    employment-population ratio showed no change over the month (58.9 percent) and
    has changed little over the year. (See table A-1.)
    "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%

    We are making a little bit of progress, one might say "slightly better than awful":

    https://static-ssl.businessinsider.c....png_large.png

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

    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.

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

    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

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

    There was - by over 800,000.

    However you have to realize since we've dumbed down America very few can do the math to understand that's a far greater impact on the stated "rate" then the new jobs created.


    Quote Originally Posted by CanadaJohn View Post
    I wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.

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

    FAIL: I make 19 an hour and work 20 hours a week. With that I save for retirement and live the lifestyle I enjoy.


    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 abou

    t 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.

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


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