Page 2 of 6 FirstFirst 1234 ... LastLast
Results 11 to 20 of 54

Thread: Jobless claims fall to lowest level since early 2006

  1. #11
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 07:47 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,995
    Blog Entries
    1

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    So if it doesn't transition into a general lowering of median wages, what does that tell you?
    Median wouldn't be affected...we still have more full timers than part timers, despite the addition of consistently crappy jobs to the US labor market.


    I could be wrong though. I'm always open to good news. I cannot, however, ignore what I personally see...and that is a shift from 37.5 hours a week to 27.5 a week. Slow...but steady.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  2. #12
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 04:35 PM
    Gender
    Lean
    Conservative
    Posts
    39,764

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    It looks as though labor markets are beginning to pick up a considerable amount of momentum. Persistent employment growth coupled with this sudden drop in new claims figures to set the stage for a reversal in real output growth. U.S. real GDP declined by 2.9 % in the first quarter of 2014, initially stoking fears of an impending recession. Yet that figure seems to be an outlier which can be attributable to a weakness in private inventory investment. Second quarter output data will be released this Wednesday (the 30th) and should shed a considerable amount of light on the U.S. economy.

    The rest of the article can be found here.
    There are two aspects to this statistic....

    1) Baby boomers are leaving the work force en masse, due to retirement. I am retiring myself at the end of the year.

    2) What kind of jobs are people getting, and what is the pay? Although there are a number of manufacturing job being created, they are far outpaced by low-wage service industry jobs. IMHO, a fry cook McJob is not the kind of job we need to be bragging about.

    All in all, it is going to be a generation before the economy improves to a point that is comparable to what we had before the Great Recession began. Yes, they say that we are out of recession, but the economy is weak, and will remain weak for some time to come. This is nothing that Obama or anybody else has a fast fix for. If the GOP says they can end this quickly, then they are lying to you.
    The ghost of Jack Kevorkian for President's Physician: 2016

  3. #13
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    If the "quality of jobs" was in such decline, we would be observing consistent declines in median weekly earnings of full-time wage and salary workers.
    Not necessarily.

    If full time jobs are being replaced with part time jobs, then the 'quality of jobs' DEFINITELY declines.

    Last month, according to he BLS, 523,000 full time jobs were lost for 799,000 part time jobs gained.

    Based on the average hours worked per job, that is a significant loss in hours worked.

    Table A-9. Selected employment indicators

    It matters little what the full time jobs are paying if they are declining in number.
    Last edited by DA60; 07-24-14 at 11:55 AM.

  4. #14
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    If the "quality of jobs" was in such decline, we would be observing consistent declines in median weekly earnings of full-time wage and salary workers.
    Well, since 2009, we are seeing those declines in real terms.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  5. #15
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 04:41 PM
    Lean
    Independent
    Posts
    43,424

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    Statistically speaking, expansion durations (previous peak through trough) have averaged 38.2 months going all the way back to 1857. Since 1945, expansion durations have averaged 54 months and since 1980 this figure has increased 31% to 71 months.

    Source
    Thank you for the link. But what do you think that means?

  6. #16
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 05:33 PM
    Gender
    Lean
    Conservative
    Posts
    26,329

    Re: Jobless claims fall to lowest level since early 2006

    Good !

    Then the FED can stop QE !

    We've met their arbitrary standard for stopping it have we not ?

  7. #17
    Sage
    Crovax's Avatar
    Join Date
    Feb 2014
    Location
    South Texas
    Last Seen
    Today @ 03:37 PM
    Gender
    Lean
    Conservative
    Posts
    9,584

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by pinqy View Post
    The Labor Force Participation Rate has nothing to do with the existence or non-existence of jobs. The LFPR is simply the percent of the adult civilian non-institutional population that is working or trying to work. Demographic changes have more to do with it than labor market conditions.
    No they don't, the participation rate started dropping at the exact time the recession started. Most of the baby boomers are already to old to even be in the rate calculation. It cuts off at 65 so no matter how much of our population is over 65 that can't change the rate at all.

  8. #18
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:18 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by DA60 View Post
    Last month, according to he BLS, 523,000 full time jobs were lost for 799,000 part time jobs gained.
    Fixating on a single data point while ignoring both the long term trend and seasonality patterns signifies a bias to the downside.

    2.1 million full-time jobs were created year over year, while only 10 thousand part-time jobs were created in that same time. Furthermore, 6 of the last 10 observations from May into June show a decline in full time and an increase in part time.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #19
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:18 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Crovax View Post
    No they don't, the participation rate started dropping at the exact time the recession started.
    Correlation does not imply causation.

    Most of the baby boomers are already to old to even be in the rate calculation. It cuts off at 65 so no matter how much of our population is over 65 that can't change the rate at all.
    You just made that up.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #20
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:18 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by joG View Post
    Thank you for the link. But what do you think that means?
    The duration of expansion is increasing.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

Page 2 of 6 FirstFirst 1234 ... 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
  •