- Joined
- Jan 28, 2012
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- Independent
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 wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.
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.
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
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.
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! :lamo: 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 :lol: 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. :2wave:
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! :2wave: Hope all is well with you.
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! :lamo: 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 :lol: 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. :2wave:
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! :2wave: 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!!
Unemployment down to 6.3%
288,000 New Jobs, but 800,000 leave labor force.
Some of the gain due to pent up demand after cold winter.
Jobless rate hits 5-½ year low, here’s why no one’s happy
By Jeff Macke
4 Min Video
http://finance.yahoo.com/blogs/brea...low--here-s-why-no-one-s-happy-140324165.html
another short topical vid follows saying no gain in hourly wages either
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.