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

  1. #341
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Slyfox696 View Post
    How so?

    Let's say there are 5 people in the 25-54 age range and 50 in the 55+ range. If 2 people in the 25-54 range get a job and 10 in the 55+ range get a job and 30 in the 55+ range retire...then the labor force participation would still go down, even though the 55+ range experienced a larger increase in jobs.

    So, no, it doesn't contradict the narrative at all. All it shows is that, since January 2011, the abnormally large demographic of Baby Boomers has gained over 4 million jobs.

    You could, but as I've already shown, I don't see the point. I believe it was Kush who, either in this thread or another, posted the link to the information which showed nearly half of the drop in participation rate can be attributed to retirees and I know I've seen the graph which shows how the participation rate has dropped since around 2000 multiple times.

    So...I guess if you want to add context you can, but be sure to include ALL context, not just the ones which fit your obviously biased agenda.

    A) A recession is not a recovery and anyone who says otherwise is being silly
    B) A President is not responsible for a recession which started before he even took office. To say otherwise is silly.

    Perhaps you ought to look up the definition of cherry picking data.

    Including job losses in a recession which occurred before Obama took office and including job losses which occurred before a President's policies could possibly begin having an effect IS cherry picking. It's incredibly dishonest, but you know that already.

    It is. Just like you always do.

    Everyone knows the effects of the recession continued, even after the recession technically ended. Saying otherwise is being blatantly dishonest. The economy is not a light switch.

    Could you be any more obvious with regards to your bias? For someone who loves to claim you're neither Dem or Rep, you sure do try awfully hard to falsify and/or manipulate data in a dishonest manner to present a fictional narrative against our current President.
    Everyone?

    'As of this month, the U.S. economy’s recovery from the Great Recession is five years old.'

    Recovery from Great Recession is underwhelming | Pew Research Center

    You don't agree, take it up with the Pew Research Center


    Good day.

  2. #342
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Slyfox696 View Post
    You could, but as I've already shown, I don't see the point. I believe it was Kush who, either in this thread or another, posted the link to the information which showed nearly half of the drop in participation rate can be attributed to retirees and I know I've seen the graph which shows how the participation rate has dropped since around 2000 multiple times.
    Correct.


    aging effect.JPG
    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

  3. #343
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    You don't agree, take it up with the Pew Research Center
    Most informed people would notice the Great Recession was swiftly mitigated by a series of public policy initiatives. Not just in the U.S., but across the world. China was able to enact a larger (as a percentage of their aggregate output) stimulus package 6 months before the U.S..

    Did the labor market respond with haste reminiscent of your average run-of-the-mill economic downturn? Of course not. But only a fool would expect such a recovery.
    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

  4. #344
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    This is simply false.

    So Corporations are NOT buying back massive amounts of their outstanding shares ?

    I believe since 2008, they've devoted 52 cents of every dollar of profit and cash fow to the repurchase of shares.
    Last edited by Fenton; 10-06-14 at 12:08 PM.

  5. #345
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    Everyone?

    'As of this month, the U.S. economy’s recovery from the Great Recession is five years old.'

    Recovery from Great Recession is underwhelming | Pew Research Center

    You don't agree, take it up with the Pew Research Center


    Good day.
    Yes, everyone. The fact you found an article which agrees the recession technically ended in summer 2009 (which even I said was true) doesn't change the fact the EFFECTS from the recession continued on long after.

    But thank you for wasting my time with an irrelevant source that simply confirmed what I already agreed to and in no way disputed what I said. Good day.
    Last edited by Slyfox696; 10-06-14 at 12:13 PM.

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    Re: 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 Kushinator View Post
    This is simply false.
    Simple is right. Except you are wrong

    To the extent that this flock of Scrooge McDucks has done anything with their cash, they’ve used it to buy back their own shares—which increases the value of the outstanding shares, to which CEO salaries and bonuses are happily linked—and increase dividend payments to shareholders. Last year, American corporations set a record for share buybacks—nearly 900 of them opted to purchase their own shares. The 30 companies that are listed in the Dow Jones Industrial Average spent more than $225 billion on such repurchases; the total for all U.S. corporations topped $750 billion. As Jia Lynn Yang reported in The Washington Post, this was more than three times the amount they spent on research and development.
    While buybacks were soaring, neither investment nor employee pay was going anywhere. The capital expenditures of the S&P 500 rose by a measly 1.3 percent this year over last. Overall private-sector pay has declined by 0.5 percent since the recovery began in 2009. Cisco bought back shares as it was laying off 5 percent of its workers, and Boeing announced both a share buyback and a dividend increase as it was compelling its workers to surrender their defined benefit pensions for 401k’s.
    Investing in Stock Buybacks, Not People

  8. #348
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Slyfox696 View Post

    Let's say there are 5 people in the 25-54 You could, but as I've already shown, I don't see the point. I believe it was Kush who, either in this thread or another, posted the link to the information which showed nearly half of the drop in participation rate can be attributed to retirees and I know I've seen the graph which shows how the participation rate has dropped since around 2000 multiple times.
    Really?

    Care to explain this chart then:


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

    Quote Originally Posted by DA60 View Post
    Really?

    Care to explain this chart then:

    What does that chart have to do with roughly half of the drop in participation rate is due to retirees? Why do you continue to waste time with irrelevant sources?

    You may not be Dem or Rep, but you certainly are biased with an agenda.

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

    Quote Originally Posted by Slyfox696 View Post
    What does that chart have to do with roughly half of the drop in participation rate is due to retirees? Why do you continue to waste time with irrelevant sources?

    You may not be Dem or Rep, but you certainly are biased with an agenda.
    Ummm...the chart shows that the LFPR of those over 55 has increased since 2000.

    How can 1/2 of the drop in the LFPR since 2000 be attributed to seniors when the BLS states that the LFPR of those over 55 has gone up since 2000?

    Come on now.

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