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Thread: US economy adds 288,000 jobs in June

  1. #81
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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.
    I understand that and agree. We should eliminate both unemployment benefits and the unemployment tax that employers have to pay.

    But you failed to answer my question. What do unemployment benefits have to do with how many people companies chose to hire?

    As an employer, I could care less whether people are drawing unemployment or not, that doesn't effect my hiring decisions, my hiring decisions are based upon the demand level for the products that I produce.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Is marijuana legal in your state? Seems you have been smoking a little tonight.
    That's actually what your logic was implying. I guess they legalized marijuana in your state, funny that I haven't heard about that on the news.
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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
    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.

    Attachment 67169184
    Except the unemployment rate has never been meant to indicate the percent of the population that's unemployed. And since the period after 2000 is the first time since the data has been recorded that the labor force has been declining as a percent of the population, we would expect a larger difference between the emp-pop ratio and the UE rate. Just because something had always been a certain way doesn't mean that's how it should be.

    The UE rate has always been a measure of how many people participating in the labor market are unsuccessful. That, for the first time, we've seen a steady increase in the number and percent of people who don't want to work doesn't mean there's anything wrong with the UE rate.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by danarhea View Post
    True that. I was planning on retiring at the beginning of this year, but got a raise to stay on one more year. And yes, I am part of the baby boom generation, and will be retired at the end of this year. It is OUR generation that accounts for the drop in participation in the work force.
    Way to **** up the nation's numbers there Dan... sheesh.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    Except the unemployment rate has never been meant to indicate the percent of the population that's unemployed. And since the period after 2000 is the first time since the data has been recorded that the labor force has been declining as a percent of the population, we would expect a larger difference between the emp-pop ratio and the UE rate. Just because something had always been a certain way doesn't mean that's how it should be.

    The UE rate has always been a measure of how many people participating in the labor market are unsuccessful. That, for the first time, we've seen a steady increase in the number and percent of people who don't want to work doesn't mean there's anything wrong with the UE rate.
    I'm curious how they decide who is looking for work. If they are using unemployment claims, that's only valid til they run out, then how do they count it? I know people still looking for a job after four and five years of being unable to find employment. They're still looking, but their unemployment ran out long ago for some, more recently for others, are they counted anymore or are they assumed to "not want to work" as you erroneously try to paint the current batches of chronically unemployed.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    That's actually what your logic was implying. I guess they legalized marijuana in your state, funny that I haven't heard about that on the news.
    Anyone using booming and Obama economy in the same sentence has to be smoking something that is illegal in most states

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    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.
    I doubt that a Republican President will take 6 years to clean up the mess that Obama is leaving this country and won't be blaming well into that Republican's second term. Interesting how 45% of the people today wish Romney was in the WH and 39% support Obama. Wonder what you are missing that they understand?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Is marijuana legal in your state? Seems you have been smoking a little tonight.
    Simply expanding on your logic. If cutting off unemployment benefits increases the labor pool and this effect causes a hiring spree this could only happen during a labor shortage right? They have some good weed in Texas?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    Except the unemployment rate has never been meant to indicate the percent of the population that's unemployed. And since the period after 2000 is the first time since the data has been recorded that the labor force has been declining as a percent of the population, we would expect a larger difference between the emp-pop ratio and the UE rate. Just because something had always been a certain way doesn't mean that's how it should be.

    The UE rate has always been a measure of how many people participating in the labor market are unsuccessful. That, for the first time, we've seen a steady increase in the number and percent of people who don't want to work doesn't mean there's anything wrong with the UE rate.

    That was true until Clinton in 1993 changed the formula for calculating the OFFICIAL unemployment rate by removing Discouraged workers from the number. They are now still counted but not in the official reported rate. Prior to 1993 discouraged workers were included in the official reported rate.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Verax View Post
    Simply expanding on your logic. If cutting off unemployment benefits increases the labor pool and this effect causes a hiring spree this could only happen during a labor shortage right? They have some good weed in Texas?
    It doesn't increase the labor pool it forces people to actually look for jobs and become employed. There is no labor shortage only an incentive to get a job shortage and that is eliminated when unemployment benefits run out.

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