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Thread: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.6%

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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by STUT View Post
    I believe that Declan has a good point. For those of us who are not economists, looking to local recoveries might well be the best way to judge the health of the economy. The county in which I live in Indiana had the unfortunate distinction of having the highest unemployment rate in the country at one point, topping out around 20.2 percent. Today, the unemployment rate here is 5.3 percent. I live in a manufacturing county, the "RV capital of the world" some call it. With the return of the RV industry, I think its safe to say that we are on a healthy rebound, and there isn't much to complain about here compared to what it used to be. Granted this isn't the same for everywhere else, but it certainly does represent a forceful economic upturn.
    yeah, you guys got hit pretty hard up there. we had something similar happen down here when the local GM economy tanked. glad to hear that you guys were able to rebound.

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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by minnie616 View Post
    Every month more a quarter of a million Americans turn 65.
    That equals over 3 million a year.

    From a May 2014 article



    What Baby Boomers’ Retirement Means For the U.S. Economy | FiveThirtyEight

    Ok, Thanks for the article, I'll read it later...But if your numbers are correct, and I have no reason to disbelieve them at the moment, how does that match up with the other factors? ie; Newcomers to the employment pool, graduates, etc...
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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    What? Almost five years of job growth demonstrating that left wing economics work after right wing economics tanked the economy? Say it ain't so!
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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by Paschendale View Post
    What? Almost five years of job growth demonstrating that left wing economics work after right wing economics tanked the economy? Say it ain't so!
    It is the "growth" that is in dispute....Those in support of the current administration, and its policies are clinging to stats that clearly are either manipulated, or don't provide a complete, and accurate picture of what is going on...

    Like I said, I am a simple man, show me in real terms where things are getting better at the rate they should be....I don't think anyone would say that we have recovered the way we should have.
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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by Paschendale View Post
    What? Almost five years of job growth demonstrating that left wing economics work after right wing economics tanked the economy? Say it ain't so!
    It was left wing economics that tanked the economy and it continues to left wing economics that continues to tank the economy.

    Keynesian stimulus both monetary and fiscal, tax increases and one destructive health care law.

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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by Fenton View Post
    It was left wing economics that tanked the economy and it continues to left wing economics that continues to tank the economy.

    Keynesian stimulus both monetary and fiscal, tax increases and one destructive health care law.
    The idea that the economy "continues to tank" is simple denial.
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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    More evidence that the employment numbers were not that good - at least to the macroeconomic ignoramuses at the Fed;

    'Evans pointed to the 5 cent drop in average hourly earnings in the December jobs report—pulling the annualized gain down to 1.7 percent—as "somewhat indicative of the low inflation pressures that we've been seeing." Wages need to rise for the Fed's inflation target to be met, he added.

    "It's one of the dilemmas we're facing. And that's why I'm in favor of being patient on raising interest rates," he continued. "We shouldn't be raising rates before 2016."'


    Chicago Fed's Evans: No rate hike before 2016

    So even the Fed realizes that the drop in wages is a big concern...enough that this Fed uber-dove thinks this is evidence that ZIRP rates should not change anytime soon.


    Once again...people...NEVER take the headlines as fact. Read past them.

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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by Paschendale View Post
    What? Almost five years of job growth demonstrating that left wing economics work after right wing economics tanked the economy? Say it ain't so!
    Almost all of that job growth is for over 55's.

    And that is despite over $12 trillion of government/Fed stimulus, a 70% increase in the national debt, a 45% increase in food stamp usage and near-zero interest rates.

    That is a pathetic recovery for the staggering amounts of stimulus thrown at it...especially considering that America has averaged a recession roughly every 6 years in her history and that she recovered from almost everyone of them without virtually any stimulus.


    What Keynesian's/Obama-lovers simply do not understand is that all this stimulus is stagnating the U.S. economy and funnelling monies to the rich (just look at the income gap rise).

    It's a macroeconomic house of cards that will collapse as soon as the crutches of government stimulus are removed.


    When there is no more QE (it's still going on, btw) and no more ZIRP for at least six months AND the economy is still growing at a reasonably healthy rate...ONLY THEN can those that support these ridiculous policies rightly say that they worked.

    But remember, there was only supposed to be one QE (there have been 3 plus Operation Twist so far) and ZIRP were supposed to last just a few months...and that was over 6 years ago.

    Politicians from both parties are TOTALLY clueless what to do and the Fed is full of Keynesian dove, bean counters who are the same organization that were totally clueless about the housing crash even after it had started (as shown in the Fed minutes from that time).

    This present policy will end in disaster and the Fed cannot EVER stop stimulating or the economy will collapse because it is COMPLETELY dependent on the government/Fed teat.

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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by j-mac View Post
    It is the "growth" that is in dispute....Those in support of the current administration, and its policies are clinging to stats that clearly are either manipulated, or don't provide a complete, and accurate picture of what is going on...

    Like I said, I am a simple man, show me in real terms where things are getting better at the rate they should be....I don't think anyone would say that we have recovered the way we should have.
    "But I don't believe any numbers you post."
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    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by DA60 View Post
    Almost all of that job growth is for over 55's.
    Of course. Even liberal economics aren't a cure for the fact that our economy has horribly screwed my generation in favor of the Baby Boomers. They spent our money before we were even born. They amassed massive debt so they could live the high life, and expect us to pay it off. You want real justice? Completely eradicate social security and medicare and let all of those Tea Partiers go hungry. I and mine will be paying for their retirements for the next several decades while we struggle to make our rent. But we're not cruel like that, and we want the system to work for the generations that come after us. It's a shame that those who came before us had such shallow moral character and such short-sightedness and couldn't be trusted with the well-being of their descendants.

    This present policy will end in disaster and the Fed cannot EVER stop stimulating or the economy will collapse because it is COMPLETELY dependent on the government/Fed teat.
    The present policy will end in disaster because we don't invest in the future at all. All we do is stopgap for the past. Your notion of government action as necessarily bad is obviously absurd, but massive change is needed. However, it is massive change that the grumpy older generation doesn't want, because they'll have to give up that government teat that they're all so greedily sucking off of.
    Liberté. Égalité. Fraternité.

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