Page 25 of 29 FirstFirst ... 152324252627 ... LastLast
Results 241 to 250 of 289

Thread: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

  1. #241
    Sage
    Slyfox696's Avatar
    Join Date
    Mar 2013
    Last Seen
    Today @ 09:59 AM
    Gender
    Lean
    Moderate
    Posts
    7,986

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Demon of Light View Post
    Working-age population, not working population.
    *sigh*

    It amazes me how you keep thinking you're making relevant points, while simultaneously continually missing my points. Take time to read what I said and then get back to me.

  2. #242
    Bohemian Revolutionary
    Demon of Light's Avatar
    Join Date
    May 2010
    Last Seen
    03-07-17 @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    5,095

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Slyfox696 View Post
    *sigh*

    It amazes me how you keep thinking you're making relevant points, while simultaneously continually missing my points. Take time to read what I said and then get back to me.
    I said the working-age population had increased and you responded that this was exactly what you were saying about the labor force growing. Working-age population is not the same thing as the labor force. Just like the military-age population is not the same thing as the number of people in the military. It is not about "missing your point" as your response was just plainly misreading what I said.

    Just for the record, here is a relevant excerpt from one of your initial posts in this thread:

    Quote Originally Posted by Slyfox696 View Post
    What you're likely referring to is the labor force participation rate. Big difference. And how is it explained? The Baby Boomers are retiring. That's how it is explained.
    So, please explain to me then what your point was originally. You initially said flatly with no caveats that the labor force participation rate being lower was explained by Baby Boomers retiring. Are you just trying to shift the goalposts here?
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

  3. #243
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:24 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Demon of Light View Post
    ...The biggest decline by number and by percentage is in the under 55 crowd. Are you saying those people are "retiring" in the millions?...
    I figure if they are not working, and not looking for work, then they are retiring.

    My mother-in-law chose to not work after age 50 (about 15 years ago), she essentially retired, I don't know what else you could call it.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #244
    Advisor plutonium's Avatar
    Join Date
    Jul 2013
    Last Seen
    11-29-17 @ 04:01 PM
    Gender
    Lean
    Undisclosed
    Posts
    546

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    ohhh ohhh ohhh this is all obamas fault that these jobs are being created lol maybe now someone might say it is not his fault for something happening.... sorry folks i could not help it!!!

  5. #245
    Bohemian Revolutionary
    Demon of Light's Avatar
    Join Date
    May 2010
    Last Seen
    03-07-17 @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    5,095

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by imagep View Post
    I figure if they are not working, and not looking for work, then they are retiring.

    My mother-in-law chose to not work after age 50 (about 15 years ago), she essentially retired, I don't know what else you could call it.
    It declined among every under 55 age group, not just those close to 55. You can call it all retiring, but that's not very credible.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

  6. #246
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:24 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Demon of Light View Post
    It declined among every under 55 age group, not just those close to 55. You can call it all retiring, but that's not very credible.
    Well what would you call it then? Being a housewife or stay at home dad, or college student? Is any of that so horrible? We had an even lower percent of our people working outside the home prior to 1978 than we do today.

    I don't think that labels are important. The CLFPR peaked in 1999 and has been dropping ever since. I'm sure there are lots of reasons for this happening, and I am sure that this trend will continue for decades, until there are virtually no more jobs (as the need for human labor continues to be replaced with technology).

    I'm not even sure what we are arguing about, or are we even arguing?
    Last edited by imagep; 06-16-14 at 08:53 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  7. #247
    Bohemian Revolutionary
    Demon of Light's Avatar
    Join Date
    May 2010
    Last Seen
    03-07-17 @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    5,095

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by imagep View Post
    Well what would you call it then? Being a housewife or stay at home dad, or college student? Is any of that so horrible? We had an even lower percent of our people working outside the home prior to 1978 than we do today.

    I don't think that labels are important. The CLFPR peaked in 1999 and has been dropping ever since. I'm sure there are lots of reasons for this happening, and I am sure that this trend will continue for decades, until there are virtually no more jobs (as the need for human labor continues to be replaced with technology).

    I'm not even sure what we are arguing about, or are we even arguing?
    We are arguing the insistence of some people that this cannot possibly be economic in origin. After all, if it were economic in origin, it would suggest the economy is not as stellar as many want to believe. Natch, aside from the usual people who just refuse to believe the economy is in bad shape, a lot of it is partisan in nature. If the "recovery" is mostly illusory then it means Obama has not saved America like the liberal ‹bermensch many wanted.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

  8. #248
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:24 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Demon of Light View Post
    We are arguing the insistence of some people that this cannot possibly be economic in origin. After all, if it were economic in origin, it would suggest the economy is not as stellar as many want to believe. Natch, aside from the usual people who just refuse to believe the economy is in bad shape, a lot of it is partisan in nature. If the "recovery" is mostly illusory then it means Obama has not saved America like the liberal ‹bermensch many wanted.
    The unemployment rate is 6.3%, which is higher than the normal 5% which is considered full employment. So obviously, there are people who are not working due to unemployment.

    I don't know that anyone claims that our economy is stellar, not even Obama, except that maybe it is stellar compared to the way it was during the Great Bush Recession.

    Everything is relative to whatever it is we are comparing it to.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #249
    Bohemian Revolutionary
    Demon of Light's Avatar
    Join Date
    May 2010
    Last Seen
    03-07-17 @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    5,095

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by imagep View Post
    The unemployment rate is 6.3%, which is higher than the normal 5% which is considered full employment. So obviously, there are people who are not working due to unemployment.
    The labor force participation rate is at issue here. You are really stretching credulity if you are insisting that the significant decline in labor participation by people age 25-34 is anything but a consequence of the economy. No shortage of analysts have confirmed that the decline in labor force participation is primarily driven by the state of the economy. Having the same amount of people in the labor force as before the crisis is not a good thing when there are far more people needing financial support. The percentage of GDP represented by corporate profits is another one of those bad signs given that they are mostly hoarding cash rather than putting it to work in the system.

    I don't know that anyone claims that our economy is stellar, not even Obama, except that maybe it is stellar compared to the way it was during the Great Bush Recession.
    The "Great Bush Recession" is exactly the kind of thing I am talking about. It is a partisan take on economics that prevents people from viewing the numbers realistically.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

  10. #250
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:24 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Demon of Light View Post
    The labor force participation rate is at issue here. You are really stretching credulity if you are insisting that the significant decline in labor participation by people age 25-34 is anything but a consequence of the economy. No shortage of analysts have confirmed that the decline in labor force participation is primarily driven by the state of the economy. Having the same amount of people in the labor force as before the crisis is not a good thing when there are far more people needing financial support. The percentage of GDP represented by corporate profits is another one of those bad signs given that they are mostly hoarding cash rather than putting it to work in the system.

    The "Great Bush Recession" is exactly the kind of thing I am talking about. It is a partisan take on economics that prevents people from viewing the numbers realistically.
    Our current labor force participation rate is higher than it was at any time prior to 1978. Were things terrible during the mid 20th century?

    Our per work out productivity rate is higher today than it has ever been. As we produce more per work hour, then we either need shorter work hours, or fewer workers, or both.
    It's only natural that as we become a richer society, we will have fewer workers working at any one point in time. We simply don't need as many workers.

    Sorry, I just don't see what the issue is. The work force participation rate has been dropping since the year 2000, so it's not an Obama problem, or even a Bush issue, it dates back to Clinton. I don't think that it is a political or an economic issue it all, it's just a natural occurance based upon socio-technological-demograpic factors more than anything else.

    And yes, the higher than normal unemployment rate does factor into it.

    I often use the term "Great Bush Recession" just to take a little jab at those who like to blame the recession on Obama. I am actually not an Obama supporter, didn't vote for him either time, and wouldn't vote for him today, but it disgusts me when people blame ever little thing that happens in the world, including the recession that started 14 months before he took office, on him. I believe it has to do more with racism than anything else. Sorry, probably shouldn't have used that term with you.
    Last edited by imagep; 06-17-14 at 05:04 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

Page 25 of 29 FirstFirst ... 152324252627 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •