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Thread: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by Mr. Invisible View Post
    Yes retail jobs are low-paying, however when you compound that with previous economic data, such as in November 2014 with retail being the one of the two largest growers (Employment Situation Summary) the situation doesn't look well.

    Is ~18% of new jobs added really abnormal or terrible in one report?
    Employment by major industry sector Am I reading this correctly? It seems like Retail is around 10%, and it makes sense if the economy is still rebounding some that of course people are shopping more (even if December #s were down)

    Their forecast is an overall decline in retail on a % basis by 2022.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by SlevinKelevra View Post
    Is ~18% of new jobs added really abnormal or terrible in one report?
    Employment by major industry sector Am I reading this correctly? It seems like Retail is around 10%, and it makes sense if the economy is still rebounding some that of course people are shopping more (even if December #s were down)

    Their forecast is an overall decline in retail on a % basis by 2022.
    My point isn't necessarily focusing on that one report, but rather the fact that many of the jobs being created not just then in November 2014 but more generally are low-paying. It isn't about people shopping, but rather that people are getting these low-paying retail jobs that is problematic.
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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by imagep View Post
    The labor force participation rate increased. Many conservatives claim that is more important than the U3.
    It is important. And it seems to belie the claim of many on the left that the labor force participation rate drop was solely attributable to the increased level of retirements in the workforce.

    Will be interesting to see if, with a world recession seeming to be around the corner, and American job numbers improving lately, if the labor force numbers drastically tick up again to reflect optimism in the job market and if jobs can actually be found to fill the demand.
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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by CanadaJohn View Post
    It is important. And it seems to belie the claim of many on the left that the labor force participation rate drop was solely attributable to the increased level of retirements in the workforce.
    I don't recall any claiming the drop in LFPR was "solely" due to retirees.
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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by pinqy View Post
    I don't recall any claiming the drop in LFPR was "solely" due to retirees.
    And I do.

    And no, I have no intention of trying to research back months and years of threads to find an example for you.

    I accept that you don't recall things the way I do.
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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by imagep View Post
    The labor force participation rate increased. Many conservatives claim that is more important than the U3.
    Just another note - the labor force participation rate in Canada is 65.7% as opposed to the US rate this month of 62.9%. Canada's unemployment rate, as a result, is 6.6%. Why do you think the participation rate is less in America?
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by Slyfox696 View Post
    I think that's the biggest complaint I have with those who call themselves conservative...they have no convictions, no standards. Their only conviction, their only standard, is to criticize President Obama.

    It just makes them look so damn stupid. A real conservative would be happy the economy is gaining so many private sector jobs. It just seems like most of those who call themselves "conservative" (at least those who shout the loudest) are actually upset when good news come from the jobs report, because all they can see is how it affects their team.
    I expect the next meme from conservatives will be that the President has nothing to do with employment. That is usually something they only resort to when a Republican is in office and that is their response to the low employment numbers that Republicans usually show. It was very popular when GW Bush was in office.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by CanadaJohn View Post
    Just another note - the labor force participation rate in Canada is 65.7% as opposed to the US rate this month of 62.9%. Canada's unemployment rate, as a result, is 6.6%. Why do you think the participation rate is less in America?
    More jobs shoveling snow?

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by Mr. Invisible View Post
    My point isn't necessarily focusing on that one report, but rather the fact that many of the jobs being created not just then in November 2014 but more generally are low-paying. It isn't about people shopping, but rather that people are getting these low-paying retail jobs that is problematic.
    And my point is they are saying that retail - as a % of the workforce- will decrease (albeit by a small amount) by 2022. So in fact they are predicting that more people will be getting the "non"lowpaying jobs

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by CanadaJohn View Post
    Just another note - the labor force participation rate in Canada is 65.7% as opposed to the US rate this month of 62.9%. Canada's unemployment rate, as a result, is 6.6%. Why do you think the participation rate is less in America?

    Far fewer public sector jobs ?
    (on a % basis)

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