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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 lizzie View Post
    That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
    Actually, the Labor Force Participation rate has been falling since the 1990s:

    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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

    Quote Originally Posted by rcart76 View Post
    Top 3 excuses


    1) People not looking for a job anymore

    2) People are not making what they use to

    3) BENGHAZI !!!!!!!!


    Some people on the right will always find something to complain about when Obama's name comes up.

    I can't wait to hear what they have to say after they lose again in 2016.

    The clock is ticking.

  3. #33
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by lizzie View Post
    That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
    The labor force participation rate stopped declining about a year ago. It's been holding steady for the past 10 mths.

    You are reporting news that is outdated and is no longer valid.
    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 BringIt View Post
    Duh! They always cook the books just before an election.

    ---------------------------------------

    To those of us that are not abject Obama lovers, this is a number they never mention!

    How do you like this number from the same Bureau of Labor Statistics ?



    Bureau of Labor Statistics Data

    Data extracted on: October 3, 2014 (9:04:56 AM)

    Labor Force Statistics from the Current Population Survey

    Series Id: LNS11300000
    Seasonally Adjusted
    Series title: (Seas) Labor Force Participation Rate
    Labor force status: Civilian labor force participation rate
    Type of data: Percent or rate
    Age: 16 years and over


    Attachment 67173852
    Here is the rate from 2000
    Bureau of Labor Statistics Data

    latest_numbers_LNS11300000_2000_2014_all_period_M09_data.gif


  5. #35
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by vesper View Post
    I'm surprised that no one here connected the dots for a decrease in unemployment. Congress refused to extend unemployment benefits as they have in the past few years. As people's unemployment benefits run out, they start looking for a job and all of sudden aren't so picky at what they will take which coincides with the disappointing wages and an average workweek of 34 hours also stated in the OP article of new jobs.
    That's entirely possible and likely.

    But if that explained the bulk of the new hires, I would have expected to see that effect last Dec just before the benefits ran out, and in January. New job creation was quite low during those months. Maybe it's just a delayed effect.
    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.

  6. #36
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by vesper View Post
    I'm surprised that no one here connected the dots for a decrease in unemployment. Congress refused to extend unemployment benefits as they have in the past few years. As people's unemployment benefits run out, they start looking for a job and all of sudden aren't so picky at what they will take which coincides with the disappointing wages and an average workweek of 34 hours also stated in the OP article of new jobs.
    Except that there are three applicants for every job opening.

    Making the unemployed miserable arguably increases labor supply, as workers become less choosy and more willing to take whatever job they can find. But the US labor market in 2014 isn't constrained by supply, itís constrained by demand: given what firms can sell, they have no need for as many hours of work as workers are willing to give.

    So make the long-term unemployed more desperate; so what? They can't do anything to increase the amount of work demanded, and in fact their reduced purchasing power reduces labor demand.

    You might imagine that the long-term unemployed, through their desperation, might take jobs away from existing workers, but it's not easy to see how that might work, and thereís no evidence that this is happening.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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

    Quote Originally Posted by Kushinator View Post
    And incomes will start exceeding productivity (inflation!).
    Not neccessarally.

    When was the last time that incomes started exceeding productivity?

    I would assume that if ever end up having a labor shortage (highly unlikely), that rising compensation levels will lure discouraged workers back into the labor force, and we will quickly see an equalibrium point.

    Either that or we will just import some more illegals in.
    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.

  8. #38
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by pinqy View Post
    It's been declining since 2000. But why do you think that's a problem?
    Roflmao, not at this rate.

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

    Quote Originally Posted by BringIt View Post
    Duh! They always cook the books just before an election.

    ---------------------------------------

    To those of us that are not abject Obama lovers, this is a number they never mention!

    How do you like this number from the same Bureau of Labor Statistics ?
    Quote Originally Posted by pinqy View Post
    So why did they cook the books to make the Labor Force Participation rate lower? It seems odd that you claim cooking the books but then cite the very same people as support for your position.


    BringIt is the new champion of the game "how quickly can I contradict myself".

    These threads get more and more fun, as Republican/conservatives keep desperately grabbing for ANY excuse to explain away an economy which is continually growing jobs, excuses they find necessary only because a Democrat is President.

  10. #40
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    When was the last time bad unemployment news came out before an election?

    Books cooked.

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