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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 DA60 View Post
    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)?
    The economy started improving.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

    (From a mobile site)

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

    Quote Originally Posted by DA60 View Post
    How many times do I have to say it...
    If you do not understand his comment, why don't you politely ask for clarification?
    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

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

    Quote Originally Posted by DA60 View Post
    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)?
    If you read the study i posted earlier, it shows that a little more than half of the participation rate decline is attributable to age.

    Of course, it isn't zerohedge, which means you can take it at face value:

    LFPR report
    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

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

    Quote Originally Posted by rcart76 View Post
    It was out of white guilt?


    Or all of the illegal aliens voted for the Democratic Party.

    You can be sure that they'll have some wacky excuse.

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

    Quote Originally Posted by mbig View Post
    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



    [..............................................]
    Really?

    So ALL the new employment is in the 16-19 and over 55 age ranges AND the 20-54 age range (where the major 'bread winners' are) have 82,000 LESS people employed AND the average hourly wage dropped.

    And that is 'pretty good' to you?

    Noted.

    http://www.debatepolitics.com/breaki...post1063825787

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

    Quote Originally Posted by pinqy View Post
    No, I'm serious. You do realize that the current participation rate is higher than anytime before 1978.
    Typical progressive interpretation of the facts.

    Data extracted on: October 3, 2014 (11:13:22 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

    Here's the data as far back as the data goes from the Bureau of Labor Statistics.

    latest_numbers_LNS11300000_1948_2014_all_period_M09_data.gif


    Now here's the chart of the same data showing 1978 to present.

    latest_numbers_LNS11300000_1978_2014_all_period_M09_data.gif



    Now here's the data from the same chart under Obama's watch...

    latest_numbers_LNS11300000_2008_2014_all_period_M09_data.gif



    According to Obama's trend... Soon, you will be able to brag the current participation rate is higher than anytime before 1954.
    Wake Up America!

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

    Quote Originally Posted by BringIt View Post
    Are you afraid of becoming better informed?
    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

  9. #89
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    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?
    I'm saying we can't chalk it all up to retiring baby boomers.

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

    Quote Originally Posted by Taylor View Post
    I'm saying we can't chalk it all up to retiring baby boomers.
    Of course not! We can chalk half of it up to retiring baby boomers!
    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

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