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

  1. #101
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Taylor View Post
    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.
    You have something against reading?

    Because older individuals participate in the labor force at lower rates than younger workers, the aging of the population exerts downward pressure on the overall labor force participation rate. While older workers today are participating in the labor force at higher rates than older workers of previous generations, there is still a very large drop-off in participation when workers enter their early 60s.
    The fact that participation rates conditional on age were declining for many groups in the run-up to 2008, including for prime-age men from the 1950s and for prime-age women from the late 1990s, may also have contributed to the decline in participation. This would have been expected to result in a decline in the participation rate above and beyond the pure aging effect even in the absence of a recession. Note, these effects were partly offset by other pre-existing trends, like a rise in the participation rate for older workers.
    You have no excuse for your ignorance.
    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

  2. #102
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    How many times do I have to say it...post a link or do not waste my time.
    Yeah, but then you'll just say BLS is biased.

    Series Report tool

    Population LNS10000000
    Not in Labor Force LNS15000000
    Labor force participation rate LNS11300000
    Not in labor force wants job now LNS15026639


    And, as surely you should know, your chart means NOTHING without the definitions and parameters of what each line means and who is and who is not included.
    I'm not sure why you need definitions...they're well known terms.
    Population: everyone in the U.S. age 16 and older not in the military, prison, or an institution.
    Labor Force: Employed plus Unemployed
    Not in the Labor Force: Neither employed nor unemployed.
    Not in the Labor Force wants a job now: Not in the labor force, wants a job now.

    So the red line is the percent of the population who is neither working nor looking for work and doesn't want to work.
    The blue line is the labor force participation rate.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

  3. #103
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post


    coming from the member who spams zerohedge ad nauseum.
    So much for that hope.

    Lol

  4. #104
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    The oldest baby boomers would have been born around 1946. 2014-1946 = 68

    Some of them started drawing ss 5 years ago, the lfpr started declining at a fast rate 5 years ago.

    You don't see any correlation?
    Yes, your math is correct. However the bulk of the Baby Boomers are just now crossing over the 60 threshold, which would mean the vast majority of them are all opting to take early retirement.

    Given the penalty, and the impact of declines in the value of held assets, I'm not convinced the contribution to the participation rate decline is as significant as what is being suggested. It has become more and more common for workers to stay in the workforce longer, which I have yet to see addressed in the data provided.

  5. #105
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by pinqy View Post
    Yeah, but then you'll just say BLS is biased.

    Series Report tool

    Population LNS10000000
    Not in Labor Force LNS15000000
    Labor force participation rate LNS11300000
    Not in labor force wants job now LNS15026639



    I'm not sure why you need definitions...they're well known terms.
    Population: everyone in the U.S. age 16 and older not in the military, prison, or an institution.
    Labor Force: Employed plus Unemployed
    Not in the Labor Force: Neither employed nor unemployed.
    Not in the Labor Force wants a job now: Not in the labor force, wants a job now.

    So the red line is the percent of the population who is neither working nor looking for work and doesn't want to work.
    The blue line is the labor force participation rate.
    No, not term definitions.

    I need the parameters of the chart.

    But now I assume you are saying the source of th chart is thE BLS.

    Then why post it from the Fed website?


    I will ask again...where is the link to the actual chart you posted?

  6. #106
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    So much for that hope.

    Lol
    A study with more than 50 peer-reviewed citations pertaining to the subject matter is considered biased. This is why only most partisan members of this forum take you seriously.
    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

  7. #107
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    You have something against reading?





    You have no excuse for your ignorance.
    More nonsense. The labor force participation rate is increasing among retirement age individuals, therefore they can't possibly be putting off retirement??? That's your argument?

  8. #108
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    Then why post it from the Fed website?
    It has far superior graphical tools than what's offered by BLS.
    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. #109
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Tettsuo View Post
    Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

    I know, I know... it's only true if it's bad news Obama.

    To those of us that are not abject Obama haters, this is fantastic news!
    That's good news for the country.

    Which of Obama's specific policies that he implemented as POTUS can be directly associated with and credited for this fantastic news?

  10. #110
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    The market is sure reacting positive over the new jobs report. But after others have had a chance to dig into the numbers, they're not so impressed.


    http://finance.yahoo.com/news/here-s...174117942.html

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