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

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

    Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

    I know, I know... it's only true if it's bad news Obama.

    To those of us that are not abject Obama haters, this is fantastic news!
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

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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.
    It's been declining since 2000. But why do you think that's a problem?
    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.

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

    Yes it is, expect the usual suspects to try to minimize the good news...
    "Those who do not remember the past are condemned to repeat it." George Santayana

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

    Quote Originally Posted by Tettsuo View Post
    Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

    I know, I know... it's only true if it's bad news Obama.

    To those of us that are not abject Obama haters, this is fantastic news!
    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


    latest_numbers_LNS11300000_2004_2014_all_period_M09_data.gif
    Wake Up America!

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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?
    Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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

    Quote Originally Posted by Van Basten View Post
    It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....
    Good Point!

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


    Bureau of Labor Statistics Data


    Data extracted on: October 3, 2014 (9:23:40 AM)

    Employment Cost Index

    Series Id: CIU1010000000000A (B,C)
    Not seasonally adjusted
    Series Title: Total compensation for All Civilian workers in All industries and occupations, 12-month percent change
    Ownership: Civilian workers
    Component: Total compensation
    Occupation: All workers
    Industry: All workers
    Subcategory: All workers
    Area: United States (National)
    Periodicity: 12-month percent change


    CIU1010000000000A_1428270_1412343172082.gif

    Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
    2004 3.7 3.8 3.8 3.7
    2005 3.6 3.2 3.0 3.1
    2006 2.8 3.0 3.3 3.3
    2007 3.5 3.3 3.3 3.3
    2008 3.3 3.1 2.9 2.6
    2009 2.1 1.8 1.5 1.4
    2010 1.7 1.9 1.9 2.0
    2011 2.0 2.2 2.0 2.0
    2012 1.9 1.7 1.9 1.9
    2013 1.9 1.9 1.9 2.0
    2014 1.8 2.0
    B : Includes wages, salaries, and employer costs for employee benefits.
    C : See Footnote C on Employment Cost Index Footnote Page.



    Series Id: CIU2020000000000A
    Not seasonally adjusted
    Series Title: Wages and salaries for Private industry workers in All industries and occupations, 12-month percent change
    Ownership: Private industry workers
    Component: Wages and salaries
    Occupation: All workers
    Industry: All workers
    Subcategory: All workers
    Area: United States (National)
    Periodicity: 12-month percent change


    CIU2020000000000A_1428270_1412343172166.gif

    Download: Download as an Excel File
    Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
    2004 2.6 2.7 2.6 2.6
    2005 2.7 2.5 2.3 2.5
    2006 2.4 2.8 3.0 3.2
    2007 3.6 3.3 3.4 3.3
    2008 3.2 3.1 2.9 2.6
    2009 2.0 1.6 1.4 1.3
    2010 1.5 1.6 1.6 1.8
    2011 1.6 1.7 1.7 1.6
    2012 1.9 1.8 1.8 1.7
    2013 1.7 1.9 1.8 2.1
    2014 1.7 1.9
    B : Includes wages, salaries, and employer costs for employee benefits.
    C : See Footnote C on Employment Cost Index Footnote Page.
    Last edited by BringIt; 10-03-14 at 10:34 AM.
    Wake Up America!

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

    Quote Originally Posted by lizzie View Post
    Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.
    You're thinking of the Employment-Population ratio...which didn't change. The Labor Force is Employed PLUS Unemployed...and it's the number of Unemployed who went down.
    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.

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    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...
    No just taking it it context.

    Personally, before I go and vote, I want to know the real story not one fabricated from cherry picked data.
    Wake Up America!

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