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

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

    Quote Originally Posted by imagep View Post
    Who told you that. Is this documented?

    No, this is something that I wrote.

    And you do realize that people who are self employed are ALL counted as having jobs don't you?

    Sometimes, when they feel like it. I suppose you have more personal experience that I do, will you tell us your story?

    Anyhow, they don't call employers, they call individuals. I highly suspect you just made up that story.
    Where do you get the information that they don't call employers?

    Suspect all you want, it doesn't change anything.

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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!
    And what does Obama have to do with that number? If he didn't actually hire someone last month, I deserve more credit than he does.

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

    Quote Originally Posted by justabubba View Post
    i guarantee it was fabrication. nothing about it is consistent with how that data is actually collected
    Would you care to share your link to the procedures followed by the Dept of Labor data collectors? Or is that not included in your 'guarantee'

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

    Now, back to the jobs report...

    just to re-state...

    (All these numbers are from the household survey)

    Of the 232,000 more people employed in September,

    - a whopping 230,000 are over 55!

    - 45,000 were teenagers (16-19)

    How did the rest do? Lousy.

    - 20-24 years old went DOWN 72,000

    - the all important 25-54 went DOWN 10,000

    So all of the newly employed are either teenagers or over 55. The 20-54 age range had 82,000 less people employed.

    Plus (or minus in this case), the average hourly wage dropped by a penny.


    Table A-9. Selected employment indicators

    Employment Situation Summary Table B. Establishment data, seasonally adjusted


    Somehow, I doubt the Dems will be mentioning the highlighted part.


    And, once again, I am neither dem nor rep.

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

    BTW, women seem to be losing out lately in the Obama recovery.

    Since May off this year, there are 5,000 LESS employed females in America.

    Table A-9. Selected employment indicators
    Last edited by DA60; 10-04-14 at 01:30 AM.

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

    Quote Originally Posted by imagep View Post
    Who told you that. Is this documented?

    And you do realize that people who are self employed are ALL counted as having jobs don't you?

    Anyhow, they don't call employers, they call individuals. I highly suspect you just made up that story.
    BLS doesn't call individuals, they call employers. That's for the Current Employment Statistics Survey (CES) Yes, we were all talking about the CPS, which is collected by Census. but he could easily be in the CES if he pays UI taxes.

    There are some things off....who did she say she worked for? What time period was she asking for? What a about the other questions?
    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.

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

    "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
    BTW, women seem to be losing out lately in the Obama recovery.

    Since May off this year, there are 5,000 LESS employed females in America.

    Table A-9. Selected employment indicators
    And 600,000 more in the last 12 months

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

    Quote Originally Posted by justabubba View Post
    let's call it retirement eligible
    for social security purposes, i became retirement eligible (62) in august. (for purposes of full disclosure, i have been retired from my employer for 11 plus years)
    and many, like me, chose to defer immediate social security retirement upon eligibility because it will enhance our earnings later. we put pencil to paper and realized it is smarter financially - long term - to defer retirement
    however, at the height of the notso great recession, a number of my friends and acquaintances, having lost their jobs, or working reduced hours, and having few prospects at finding replacement employment equivalent to that they were forced to relinquish, chose to begin receiving social security benefits as soon as they became eligible. they preferred to defer that choice to realize greater total benefits. but the economy did not cooperate. they accepted the lesser, but immediate, benefit only because they needed the income. then
    as the economy has begun improving, that more retirement eligibles are deferring to a later date to commence receiving their benefits is not surprising. an anecdotal observation to be certain, but one which appears to square with the data
    It seems reasonable to assume that your experience and observations would apply to many Baby Boomers.

    Given the focus people have on unemployment numbers, it is also reasonable to try and understand the tremendous changes in participation rates, and how those numbers have been used to bring the rate down. As people live longer, and events cause people to remain in the workforce longer, it seems reasonable to look into how the participation rate numbers are calculated.

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

    The unemployment levels are meaningless when the participation rate is at a 30 year low.

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