Page 6 of 57 FirstFirst ... 456781656 ... LastLast
Results 51 to 60 of 565

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

  1. #51
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Today @ 07:12 PM
    Lean
    Undisclosed
    Posts
    6,168

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

    Quote Originally Posted by pbrauer View Post
    Yes, thanks for illustrating my point. There has been no steady decline since 2000. In fact, there was no decline at all for much of that decade.

  2. #52
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

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

    Quote Originally Posted by pbrauer View Post
    And look at the line...it was dropping slowly until about 2009...and then it starts to plummet.

    Now what event happened in early 2009...hmmmmm?

    This is NOT just people retiring. This is clearly people giving up looking for work as well.

    Plus, of those that did retire, how many did so strictly because they could not find work?


    Btw, I am neither dem or rep.

  3. #53
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 08:12 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by imagep View Post
    Sorry, I don't know nearly as much about economics as you do, you are going to have to explain to me what that chart has to do with increases in income exceeding increases in employment and that resulting in driving inflation.

    I don't see anything about income or employment or inflation on that graph.
    You asked when income exceeded productivity. GDP is the aggregate income of the U.S., where as potential GDP is the productive capacity of the U.S. economy. When GDP > PGDP, output (or income) exceeds productivity.

    Of course, we could refer to the Phillips curve:

    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. #54
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Today @ 07:12 PM
    Lean
    Undisclosed
    Posts
    6,168

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

    Quote Originally Posted by imagep View Post
    So?

    You aren't aware that baby boomers are now retiring? The youngest baby boomers started retiring in 2009 with reduced ss benefits, and started retiring in mass with full benefits in 2011 or 2012. What's surprising is that the lfpr stopped declining almost a year ago - I expect this leveling off of the lfpr is a temporary thing.

    This decline in the lfpr was projected decades ago. We even changed our ss tax rates in the early 1980s to accomidate for it. It should have surprised no one.

    It's not an Obama issue, or even an economic one, it's an age demographic thing.
    It's not an age demographic thing, as has been illustrated and proven numerous times on this forum.

  5. #55
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 08:11 PM
    Gender
    Lean
    Centrist
    Posts
    4,369

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

    Quote Originally Posted by BringIt View Post
    Easy! This Administration has a long record of data manipulation.
    No it doesn't

    The heads are still counted, they just shift them into a different category.
    No they don't. They aggregate the survey response. The standards are the same as always and respondents are categorized by what they say.

    Here's a good article (Don't worry, it has pretty pictures and graphs for those of you that don't like to read and only get your news from sound bites.)


    How The Government Manipulates Unemployment Statistics
    Yeah, I'm familiar with that one. He seems to think that the unemployed aren't directly measured, but an arbitrary labor force participation is applied and they're calculated that way. He seems to think the government changes the labor force participation rate and that changes the unemployment rate. That's just bizarre.

    Every month a survey is conducted base on a single reference week.The categories we're interested in are...
    Population: Everyone in the U.S. age 16 and older who is not in the military, prison, or an institution.

    Employed: Worked at least one hour for pay or 15+ hours unpaid on a family business or farm. Those who have a job but were absent due to temporary injury/illness, vacation, weather, or a strike are still classified as employed.

    Unemployed: Wants a job, could have started work during the reference week, actively looked for work in the 4 weeks ending with the reference week. Those on temporary layoff do not have to have looked.

    Labor Force: Employed plus Unemployed.

    Labor Force Participation: Labor Force divided by population.

    Not in the labor force: everyone in the population neither employed nor unemployed.

    So the BLS doesn't and can't "shift" people. They just tally up the answers.


    ... the government is effectively saying that because the job situation has been so bad for many millions of unemployed people in their 40s, 30s, 20s and teens, they can no longer be considered to be potential participants in the work force at all. Because there is no hope for them - they no longer need to be counted.
    No, they're not counted if they're not looking. There are no assumptions.


    The whole idea of a "constant participation rate" is ridiculous. You're no longer counting actual unemployed, you're using some bizarre hypothetical number.
    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.

  6. #56
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Today @ 06:09 PM
    Gender
    Lean
    Other
    Posts
    18,337

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

    Quote Originally Posted by vesper View Post
    Just 24 hours ago the DOW dropped 130 points before it corrected itself. Parts of Europe are in deflation, growth worries continue in China, and Islamic extremists have added a new layer of instability to the Middle East. I don't see any huge increase in private domestic investment. Most buying are companies buying back their own stock. a neat trick to top corporate executives whose compensation is tied to the performance of the company’s stock, but it does little to help a nation struggling from the aftermath of the crash in 2008. Nope, I'm more inclined to believe when the spigot was shut off on unemployment benefits people started taking any job they could find. Funny how that works.
    Greetings, Vesper.

    Plus, on October 1, the Dow dropped 238.19! Not a good streak in process! And my granddaughter and her fiance just bought a house here! It was a good deal, but.... well, you know what I mean. *worrying about the future*

  7. #57
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 08:08 PM
    Gender
    Lean
    Independent
    Posts
    37,069

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

    Quote Originally Posted by beefheart View Post
    Yes it is, expect the usual suspects to try to minimize the good news...
    well, you have to take into account that had Romney won, this thread would be the exact opposite.

  8. #58
    Sage

    ocean515's Avatar
    Join Date
    Jan 2013
    Location
    Southern California
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    24,705

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

    Quote Originally Posted by imagep View Post
    So?

    You aren't aware that baby boomers are now retiring? The youngest baby boomers started retiring in 2009 with reduced ss benefits, and started retiring in mass with full benefits in 2011 or 2012. What's surprising is that the lfpr stopped declining almost a year ago - I expect this leveling off of the lfpr is a temporary thing.

    This decline in the lfpr was projected decades ago. We even changed our ss tax rates in the early 1980s to accomidate for it. It should have surprised no one.

    It's not an Obama issue, or even an economic one, it's an age demographic thing.
    The youngest baby boomers aren't even 60 yet. The oldest Baby Boomers are just now reaching 65. Given the significant loss in asset values for many baby boomers, (home prices, etc.) they are putting off retirement because they don't have the potential retirement income they were hoping for.

    Perhaps you need to revisit your conclusions.

  9. #59
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 07:06 PM
    Gender
    Lean
    Liberal
    Posts
    23,350

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

    Quote Originally Posted by Helix View Post
    well, you have to take into account that had Romney won, this thread would be the exact opposite.
    If Romney had won we would be in another recession like Europe is. That is what they do. We would also be talking about ending SS and Medicare, that is also what they do.

  10. #60
    Banned
    Join Date
    Sep 2014
    Location
    the high desert
    Last Seen
    01-10-15 @ 11:20 AM
    Gender
    Lean
    Conservative
    Posts
    1,337

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

    Quote Originally Posted by Helix View Post
    well, you have to take into account that had Romney won, this thread would be the exact opposite.
    If Romney won we would have real economic improvement like when Reagan won.

Page 6 of 57 FirstFirst ... 456781656 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •