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Thread: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

  1. #81
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by imagep View Post
    Looks to me that it is about the same level it was 9 months ago. Maybe about all the people who are going to drop out of our work force have already done so.
    Perhaps, but we know from the CBO report to expect Obamacare to 'cost' 800,000 jobs in the form, mostly, of reduced participation and, this is really nobody's fault, it's just basic demographics, the civilian no institutional population will include greater numbers of retirees.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by imagep View Post
    They will either want a job, or not. If they want a job, others dropping out of the work force will only help them find a job. If they don't want a job, then they will have lot's of company. Either way, I don't see it as a bleak
    future.

    In the long run, due to improvements in technology, most all of us will be able to enjoy more leisure time and leisure years. We will either work fewer hours per week, or fewer years.
    Well, the back end of this is a demographic nightmare, the projection of which is that 1.9 workers will be contributing for 1 social security beneficiary which doesn't even count their kids and a public sector that never seems to shrink.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by imagep View Post
    Looks to me that it is about the same level it was 9 months ago. Maybe about all the people who are going to drop out of our work force have already done so.
    I hope so. However, the trend is not good. Notice that there was an even larger bump up in early 2010 than we had recently that eventually led to an even larger drop. It does look, short term, as though it is trying to at least plateau. Again, I hope so.
    Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.

  4. #84
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Beaudreaux View Post
    Think I'll just put this here - from the most recent jobs report:



    Almost 5% drop in labor force participation.
    It's worse than that, the lfpr started dropping around the year 2000.

    The reason we have been seeing a steeper decline is because the baby boomers started retiring in mas around 2009 and are continuing to retire in larger percentages.

    but also note that the sharp decline in the lfpr seems to have stopped around 9 months ago. Once we get down to below 5% unemployment, which is considered by most economist to be the full unemployment rate, employers will have to start competing harder for workers, and worker compensation should start to rise faster than the inflation rate, thus luring some of those younger workforce dropouts back into the labor force.
    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: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fenton View Post
    So there's more demand in States like Texas than in States like California ?

    Because in Houston everywhere you turn there exist a Tower Crane.

    Rising out of the beginnings of a New block of Town Homes, or a New Hospital, or a Corporations new Headquarters.

    In nearly every strip mall new build outs are taking place so smaller bussinesses can open up new locations.

    So unless the level of Demand is all the sudden dependant on geographic location your theory doesn't hold water.
    I am in north central Tx, and the building industry is booming once again. NOt at the pre-2008 levels, but at a consistent level. There are new business buildings going up pretty regularly.
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fenton View Post
    So there's more demand in States like Texas than in States like California ?

    Because in Houston everywhere you turn there exist a Tower Crane.

    Rising out of the beginnings of a New block of Town Homes, or a New Hospital, or a Corporations new Headquarters.

    In nearly every strip mall new build outs are taking place so smaller bussinesses can open up new locations.

    So unless the level of Demand is all the sudden dependant on geographic location your theory doesn't hold water.
    As more people move into a particular geographic area, yes, demand in that area increases, particularly for construction. I don't think this is anything new or unexpected.
    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: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by newpublius View Post
    Well, the back end of this is a demographic nightmare, the projection of which is that 1.9 workers will be contributing for 1 social security beneficiary which doesn't even count their kids and a public sector that never seems to shrink.
    This may be wishful thinking, but I suspect by the time we get to that point (when is it by the way), the per human work hour productivity rate will be so high due to improvements in our technology, that 1.9 workers will easily be able to supports dozens of non-workers.

    Seriously, look at what happened in agriculture during the past 100 years. We went from spending something like 90% of human labor on growing, gathering and hunting food, to something around 2%. It used to take 10 farm workers to support 12 people, not it takes 1 farm worker to support 50 people.

    Not only is the trend towards more per human work hour production increasing, it's increasing at a faster and faster rate.

    Do you believe that Bill Gates is a moron, or has he been spot on in forsight of future technological trends? If you believe that he has a good understanding of technology and it's growth rate and the results of it, then you would probably agree with the prediction that he made a few months back. He predicted that in 20 years, there will be no more poverty on earth, with the exception of a few countries who's political/social system basically ensure poverty. Bill Gates Is Crazy Optimistic About Ending Poverty - Businessweek
    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: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by imagep View Post
    It's worse than that, the lfpr started dropping around the year 2000.

    The reason we have been seeing a steeper decline is because the baby boomers started retiring in mas around 2009 and are continuing to retire in larger percentages.

    but also note that the sharp decline in the lfpr seems to have stopped around 9 months ago. Once we get down to below 5% unemployment, which is considered by most economist to be the full unemployment rate, employers will have to start competing harder for workers, and worker compensation should start to rise faster than the inflation rate, thus luring some of those younger workforce dropouts back into the labor force.

    That's just the partisan protect Obama version of why the Labor participation rate is down.

    The Janet Yellen false narrative that lets Obama off the hook.

    Ask yourself what kind of Political ideology would condone the purposeful misinterpretation of economic data for the purposes of Political expedience ?

    What type of ideology would seek to marginalize the Millions of Americans who are continuing to struggle under Obama's economic policies because they need to perpetuate a false narrative of recovery and economic success ?

    Its a great example of just how dangerous ideologues can be. How you can a President and his administration address a economic crisis if he refuses to recognize its existence ?

    Poverty rates for Black Americans are 27 percent. The highest in the Nation and other minorities aren't far behind.

    For Americans in General , Poverty has risen to 16.5 percent under Obama and Millions of American Families are finding it harder to make ends meet as the American middle class continues to shrink.

    Almost every economic indicator contradicts Yellens partisan motivated claim that the Labor participation rate is not indicative of anything but " structural " issues.

    But what's most important for Democrats ? To do anything possible to alleviate this disaster of a economic recovery ?

    No, its to make as many people believe that nothing else needs to be done because nothing is actually wrong.

  9. #89
    Villiage Idiot
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fenton View Post
    That's just the partisan protect Obama version of why the Labor participation rate is down.

    The Janet Yellen false narrative that lets Obama off the hook.

    Ask yourself what kind of Political ideology would condone the purposeful misinterpretation of economic data for the purposes of Political expedience ?

    What type of ideology would seek to marginalize the Millions of Americans who are continuing to struggle under Obama's economic policies because they need to perpetuate a false narrative of recovery and economic success ?

    Its a great example of just how dangerous ideologues can be. How you can a President and his administration address a economic crisis if he refuses to recognize its existence ?

    Poverty rates for Black Americans are 27 percent. The highest in the Nation and other minorities aren't far behind.

    For Americans in General , Poverty has risen to 16.5 percent under Obama and Millions of American Families are finding it harder to make ends meet as the American middle class continues to shrink.

    Almost every economic indicator contradicts Yellens partisan motivated claim that the Labor participation rate is not indicative of anything but " structural " issues.

    But what's most important for Democrats ? To do anything possible to alleviate this disaster of a economic recovery ?

    No, its to make as many people believe that nothing else needs to be done because nothing is actually wrong.
    I agree that we have some crazy policies. No argument here.

    Income has continued to pool in the hands of the wealthy, while the general population gains nothing from the increases in per work hour productivity which technology continues to create. this has been happening since the mid 1970s, and Obama has failed to correct 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.

  10. #90
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by imagep View Post
    As more people move into a particular geographic area, yes, demand in that area increases, particularly for construction. I don't think this is anything new or unexpected.
    You CAN'T be serious.

    WHY are people moving here ? More importantly WHY are Corporations and small Businesses moving here ?

    Whats INCENTIVIZING them to move here ? To expand ?

    If demand was at a equilibrium what would motivate them to invest ?

    To HIRE ?

    And why would there be any distinction from what State to the next ?

    Do you want me to tell you why ? Because my responses aren't limited to what benefits Obama and the Democrats.

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