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Thread: US economy adds 288,000 jobs in June

  1. #71
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Fenton View Post
    You " suspect " ?? Based on what ?

    Wishful thinking ?
    An educated guess, mostly based upon the strong job numbers. Companies don't hire when they are contracting.

    We will see shortly, either you or I are going to look like an ass.
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    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Just wondering, the U.S. passed an emergency increase in unemployment benefits the end of last year, wonder if the expiration of those benefits had anything to do with a spurt on hiring in June? Hmmmm??
    What does unemployment benefits have to do with how many people companies chose to hire?
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    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Grim17 View Post
    This is the stat that's been bothersome for me... It's the Employment to Population Ratio. It's a measure of the eligable American workforce that is currently employed. Going back 50 years, it always shadows the unemployment rate... until the Obama Administration:

    Attachment 67169151
    Interesting graph, I havent seen that one before.

    It looks to me that the ratio started dropping a couple of years before the recession, then plummeted during the recession (mostly under Bush's watch), leveled off at a lower level and has recently started increasing.

    What's your point? That that Bush policies ruined our economy and that the Obama policies are finally increasing the ratio?
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    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    When will the media learn to read beyond the headlines?

    According to the household survey...there were 799,000 more people employed part time in June.

    But there were 523,000 less people employed full time in June.

    Table A-9. Selected employment indicators


    So losing over 1/2 a million full-time jobs in one month is considered good news....okaaaaaay.

    The McDonald's/WalMart-type recovery is in full swing.
    This shows that, looking at the right statistic, anything can be made to look bad.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    Interesting graph, I havent seen that one before.

    It looks to me that the ratio started dropping a couple of years before the recession, then plummeted during the recession (mostly under Bush's watch), leveled off at a lower level and has recently started increasing.

    What's your point? That that Bush policies ruined our economy and that the Obama policies are finally increasing the ratio?
    Actually, it follows the unemployment rate. When we went into the recession and unemployment began to rise, the EP ratio began to fall. This is the first time since this statistic has existed that the unemployment rate has fallen, and the ratio has remained flat and not risen.

    This is the unemployment rate (in red) with the Employment to Population Ratio (blue inverted) overlayed on to it, spanning the last 40 years.

    epratio2.jpg

    What it means is, that the decline in the unemployment rate for the first time, isn't a genuine indicator of the percentage of Americans that are truly unemployed. It shows that the actual unemployment rate has changed very little since it peaked at 10.0% back in October of 2009.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    What does unemployment benefits have to do with how many people companies chose to hire?
    Unemployment benefits create less incentive to even look for a job and when they run out there is no choice but to get off your ass and apply for the hundreds of jobs in your paper.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    Interesting graph, I havent seen that one before.

    It looks to me that the ratio started dropping a couple of years before the recession, then plummeted during the recession (mostly under Bush's watch), leveled off at a lower level and has recently started increasing.

    What's your point? That that Bush policies ruined our economy and that the Obama policies are finally increasing the ratio?
    Quite amazing, that GW Bush destroyed the economy while Democrats controlled the Congress thus the legislative agenda and purse strings but Obama with a Democrat Congress couldn't turn it around. Maybe if those shovels for those shovel ready jobs ever arrived we wouldn't have the unemployment we have today. Just goes to show that Obama doesn't have a clue how to be the leader of a Capitalistic economy nor do his supporters. I find it interesting how you claim you never voted for Obama but take every opportunity to promote his failed economic policies.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Unemployment benefits create less incentive to even look for a job and when they run out there is no choice but to get off your ass and apply for the hundreds of jobs in your paper.
    Exactly, the Obama recovery is so strong companies can't find people fast enough to fill positions.

  9. #79
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Grim17 View Post
    Actually, it follows the unemployment rate. When we went into the recession and unemployment began to rise, the EP ratio began to fall. This is the first time since this statistic has existed that the unemployment rate has fallen, and the ratio has remained flat and not risen.

    This is the unemployment rate (in red) with the Employment to Population Ratio (blue inverted) overlayed on to it, spanning the last 40 years.

    epratio2.jpg

    What it means is, that the decline in the unemployment rate for the first time, isn't a genuine indicator of the percentage of Americans that are truly unemployed. It shows that the actual unemployment rate has changed very little since it peaked at 10.0% back in October of 2009.
    It only shows that the percentage of our population which is working has leveled off. I would have expected that the percentage working would have dropped since the baby boomers started retiring and since we have a record percentage of young people in school, so the fact that it flattened, indicates a stronger job market.

    As our population ages and as techology continues to replace the need for human labor, the trend that you pointed to will increase - regardless of who is POTUS or who controls congress. this isn't a political issue, its a demographic and technology issue.

    You guys are really grasping at straws to try to prove that our economy is crap. The next time that we have a republican potus, remember that liberals are just going to point to your posts, and use the same logic to trash your political agenda/policies.
    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.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Verax View Post
    Exactly, the Obama recovery is so strong companies can't find people fast enough to fill positions.
    Is marijuana legal in your state? Seems you have been smoking a little tonight.

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