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

  1. #311
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by upsideguy View Post
    More, yes. A lot more? Not really..... 2,000 jobs for two years during construction; 35 jobs thereafter.

    http://www.newsweek.com/state-depart...nt-jobs-228898

    In comparison, Starwood Hotels employs 171,000 in 1170 properties. That means the average hotel employs 150 people, granted mostly low wage, but that isn't point. The point is that Keystone may make economic sense for TransCanada, but it isn't what people make it out to be: a big producer of jobs. I do not know how many jobs are created in the construction of a major hotel. I did find an average cost of a major hotel at about $100M, of which $60M construction cost. If you assume 50% of that is labor, or $30M at an average labor cost of $80K, we have about 400 jobs created in the building of your run of the mill luxury hotel.

    Again, in comparison, from a job creation standpoint, Keystone is a yawner.
    You said, "to build", a hotel.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    As our population grows, it's perfectly natural that fewer people are in the workforce.

    Let's say that this year one family exists, and there are two parents who both work and a 17 year old high school student who doesn't work and 83 year old granny. Thats a total of 2 people not in the labor force.

    Next year two families exists, and there are now four parents who work, two teenagers who don't, and two elderly people - so that's now 4 people not in the workforce.

    Any surprises?
    Yes since the 17 and octogenarian didnt count. so if the now 18 year old doesnt go to college and cant find a job we grow one in not in the work force. if not no change.

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

    Quote Originally Posted by Objective Voice View Post
    Tell that to the commercial banks whose balance sheets are stronger than they've ever been prior to the Great Recession.

    Or to the hedge fund managers who are seeing record profits from the historic gains on Wall Street.

    You may not like that growth hasn't come as quickly as you'd like or that it took a different path than you wanted, but economic growth has happened under this President. And that's something you can't deny.

    Wow, Monetary Stimulus via QE has been one huge failure when you consider what its intended purposes were.

    Liberals like tp point to the Stock Market as a example of a Obama economic success. A closer look actually reveals a economy thats still on life support

    It also reveals a Stock Market absolutely disconnected from the economy.

    Corporate profits are sky high because they've chosen to cut Cost and do more with less, not because they've responded to a increase in demand that would coincide with a REAL recovery.

    QE has knocked down their borrowing cost to next to nothing which they've taken great advantage of. They've used it to wipe out old debt and increase Productivity without HIRING.

    You want a honest evaluation of our current economic conditions ? Look where all those profits are being spent.

    Their buying back their shares or sitting on their dollars and NOT using them to expand and hire.

    They're NOT pumping their Profits back into this economy. They're not investing in expansion, or growing in ways that would add new jobs.

    And its not because they're " Rich and greedy " and its not because they " hate Obama ".

    Its because after 6 years and 7 Trillion in new debt its still too risky for them to invest their principle back into a economy that STILL has to be propped up with Quantitative easing.
    The New Democratic Party Slogan :

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

    'The New Jobs Report Is Pure Fraud'

    The New Jobs Report Is Pure Fraud | TheBlaze.com

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

    Quote Originally Posted by dogtowner View Post
    Yes since the 17 and octogenarian didnt count. so if the now 18 year old doesnt go to college and cant find a job we grow one in not in the work force. if not no change.
    You need to look up how the lfpr is computed. Obviously, you don't know and have been mislead.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    'The New Jobs Report Is Pure Fraud'

    The New Jobs Report Is Pure Fraud | TheBlaze.com
    So much for your claim about only liking unbiased facts. Before erasing it I predict at least 3 falsehoods about how the data is collected, processed, and the concepts/definitions.
    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

    Quote Originally Posted by DA60 View Post
    'The New Jobs Report Is Pure Fraud'

    The New Jobs Report Is Pure Fraud | TheBlaze.com
    The labor force participation rate itself is problematic as an economic indicator because it doesn't distinguish between those permanently excluded from the labor force (i.e. permanently disabled, retirees, etc.) and those who have only temporarily "dropped out". Nor does it in itself show anything, as it does not provide any understanding as to why it is what it is at. In other words, to even make the argument, you must first have to show that the LFP decline since 2000 has been due to cyclical influences and not a long term trend.

    Regarding the job age thing, I don't even really understand the point of the argument. And, again, there is no explanation provided in the data as to why that's true. Neither the Blaze article or the ZeroHedge article explain that. And I'd say that's kind of important to using it to make an argument.
    Last edited by Khayembii Communique; 10-05-14 at 11:01 PM.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by apdst View Post
    You said, "to build", a hotel.
    ... the economic impact of building a pipeline v. building a hotel. The point was (and is) in terms of job creation, the Keystone Pipeline is much to do about nothing.... Even if you just want to focus on the build... the Keystone pipeline creates about as many jobs as five major hotels.

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

    Quote Originally Posted by DA60 View Post
    'The New Jobs Report Is Pure Fraud'

    The New Jobs Report Is Pure Fraud | TheBlaze.com
    Ok, let's go through the falsehoods: "First, the reason unemployment dropped to the fantasy level of 5.9% is that 315,000 more Americans dropped out of the labor force."
    The labor force did drop, but by 97,000 not 315,000. Table A-1. Employment status of the civilian population by sex and age

    "Most of them dropped of unemployment to get on welfare, food stamps, or disability…"
    There is no way to know that. The number of disabled in the Labor Force actually increased www.bls.gov/webapps/legacy/captain6.htm

    Hourly wages did drop as claimed, but by 1 cent/he. Weekly wages increased.

    It is correct that the number of employed age 25-54 dropped, all the loss was in the 45-54 age group. 25-34 and 35-44 did gain jobs. Www.bls.gov/news release/empsit.t09.htm
    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

    'And finally, putting it all in context, here is the reason for the drop in the labor force participation rate. Apparently someone forgot to tell those 55 and older they are retiring in droves.'



    "Hiring Grandparents Only": 230K September Jobs Added In 55-69 Age Group; 10K Lost In Prime, 25-54 Group | Zero Hedge


    I don't know if this graph is true or not...I assume the source is the Bureau of Lying - er - Labor Statistics.

    But if it is, it sure blows away the notion Obamaite's/others claim that the LFPR is dropping primarily because American's are retiring.
    Last edited by DA60; 10-06-14 at 07:40 AM.

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