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

  1. #71
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    It's pretty good no matter how you look at it.
    Demographically, of course, 'participation' will probably erode/lag until 2030.

    U.S. Job Growth Rebounds in September
    Jobless Rate Falls to 5.9%; Suggests Labor Market Improving Faster Than Previously Thought
    U.S. Job Growth Rebounds in September - WSJ
    By JOSHUA MITCHELL/BEN LEUBSDORF
    Oct. 3, 2014 - 8:32 a.m. ET



    [..............................................]
    Last edited by mbig; 10-03-14 at 12:28 PM.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    ...

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

    The Great Bush Recession peaked

    The first baby boomers started drawing social security.
    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 Taylor View Post
    It's not an age demographic thing, as has been illustrated and proven numerous times on this forum.
    I've never seen that proven or illustrated.

    So are you suggesting that we don't have the highest percentage of retired citizens that we have ever had?
    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 pinqy View Post
    Well, let's look at the percent of the population that does not want a job (left Y-axis) versus the labor force participation rate (right Y-axis)

    How many times do I have to say it...post a link or do not waste my time. I am not rooting around the Fed website looking for your stat.
    I try to never post a stat without a link to go with it.

    And, as surely you should know, your chart means NOTHING without the definitions and parameters of what each line means and who is and who is not included.
    Last edited by DA60; 10-03-14 at 12:25 PM.

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

    Quote Originally Posted by iguanaman View Post
    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.
    had Romney won :

    the economy would most likely be the same. the president has not had much effect on it due to congress blocking everything he attempts to do. a Romney presidency would find a receptive house, with the senate blocking everything he tries to do in revenge for what the house has done. so nothing would be getting done, just like now.

    we'd be moving backwards on social issues, and the pot states would probably be getting seriously raided.

    we'd still be mired down in Syria, but we would have gone in earlier so that Romney could establish his credentials as a capable wartime president.

    more of the frothing hackery here would be coming from the liberal side, with hacks blaming Romney for everything down to the leaky faucet in their bathrooms.

    and this thread would be the exact opposite of what it is right now.

  6. #76
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by ocean515 View Post
    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.
    The oldest baby boomers would have been born around 1946. 2014-1946 = 68

    Some of them started drawing ss 5 years ago, the lfpr started declining at a fast rate 5 years ago.

    You don't see any correlation?
    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 lifeisshort View Post
    If Romney won we would have real economic improvement like when Reagan won.
    save that bull**** for the tourists. see above post.

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

    Quote Originally Posted by lifeisshort View Post
    If Romney won we would have real economic improvement like when Reagan won.
    The unemployment rate has actually fallen faster under Obama than it did under Reagan.
    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 imagep View Post
    Two events.

    The Great Bush Recession peaked

    The first baby boomers started drawing social security.

    I was thinking more that Obama took office.

    But if the LFPR (labor force participation rate) is dropping primarily because of baby boomers retiring, then what happened between last October and this last August, when the LFPR stayed the same?

    Bureau of Labor Statistics Data

    Did the baby boomers stop retiring?

    Obviously not.

    This, imo, proves that the LFPR is dropping down for other reasons then just retirees.

    And again, how many of these retirees are doing so out of choice and how many out of necessity (I.e. they cannot find work)?

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

    Quote Originally Posted by polgara View Post
    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*
    Yep just about everyone I talk to is concerned about the future. Cost of just about everything going up. Ending QE will likely bump up interest rates that have been close to zero for several years and that is going to take a toll on those who have become addicted to free money. Some are saying that will most likely occur sometime in March. You know all through this economic crisis, there was never a lack of want ads for positions throughout these years of high unemployment. There has always been job creation but recently not so good ones or a lack of trained persons to fill certain positions. One thing is for certain, the market will react favorable to the news which means I'll make money for now anyway.

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