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Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

  1. #91
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    If you read the study i posted earlier, it shows that a little more than half of the participation rate decline is attributable to age.

    Of course, it isn't zerohedge, which means you can take it at face value:

    LFPR report
    1) the report is from the White House...which means it is highly biased and I would not waste one minute reading it.

    But 2) if it shows that roughly 1/2 of the LFPR drop is NOT due to age...then that is EXACTLY what I have been saying for years.

    Hey, for once a Kushinator economic post was not a complete waste of my time...cool.

    I hope (though DOUBT) that this will continue.


    Good day.
    Last edited by DA60; 10-03-14 at 12:43 PM.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by dogtowner View Post
    ...the collapse in the labor force participation rate...
    The lfpr is still higher than it was at any time before 1978. I don't exactly call that a collapse. Half of the decline from the peak happend prior to Obama being elected, and it's pretty much stablized during the past 10 mths or so.
    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: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Helix View Post
    well, you have to take into account that had Romney won, this thread would be the exact opposite.
    Of course, they are soaked in hypocrisy.
    "Those who do not remember the past are condemned to repeat it." George Santayana

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    1) the report is from the White House...which means it is highly biased and I would not waste one minute reading it.


    coming from the member who spams zerohedge ad nauseum.
    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

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by BringIt View Post
    ...According to Obama's trend... Soon, you will be able to brag the current participation rate is higher than anytime before 1954.
    According to any downward trend we will eventually be at that point. One day, there will be almost no need for human labor.

    George Jetson worked a three hour work day. One day a week. Yet his family never seemed to lack for anything - they even had a maid.

    I would love to have his situation.
    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: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Taylor View Post
    I'm saying we can't chalk it all up to retiring baby boomers.
    Sure.

    We can just blame Obama for all of it. That's more politically expedient and doesn't require thinking.
    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. #97
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    Your statement was clearly incorrect. More than half of the participation rate decline can be attributable to age. Why not try and learn something for a change instead of spouting off baseless drive-by talking points?
    I appreciate your interpretation and opinion. I am confident with my personal experience and knowledge on the subject, so your thoughts are rather meaningless to me. Thanks anyway.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by ocean515 View Post
    I appreciate your interpretation and opinion. I am confident with my personal experience and knowledge on the subject, so your thoughts are rather meaningless to me. Thanks anyway.
    It is not a matter of interpretation.

    You will not find a single credible study that supports your opinion.

    Speaking of meaningless thoughts... why do you continue to participate in this discussion without contributing anything of value?
    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

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    Your statement was clearly incorrect. More than half of the participation rate decline can be attributable to age. Why not try and learn something for a change instead of spouting off baseless drive-by talking points?
    He claimed that many baby boomers were delaying retirement. How can this possibly be shown to be incorrect based on a claim that half of the decline in overall participation rate can be attributable to age? That's just nonsense. What you've posted tells us nothing about whether or not baby boomers are delaying retirement.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    Sure.

    We can just blame Obama for all of it. That's more politically expedient and doesn't require thinking.
    Because it's got to be one or the other, right?

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