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Thread: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by DA60 View Post
    +1


    Well...everyone knows it who is not close minded.

    Unfortunately, that seems to make up a huge number of Americans.
    the U3 number is a political pawn game to make it sound better than what it really is.

    the U5 and U6 numbers give a better representation of the workforce. it is those numbers that should be aggregated together in order to get a good
    focus on unemployment numbers.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Fenton View Post
    Only hard core Obama apologist and or economically illiterate low information Americans are actually cheering about this jobs report.
    Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again | Zero Hedge

    What this jobs report represents is just how cynical and cold the Democrat party and the Obama administration are.

    To put out economic information without the context needed to qualify it as either good or bad news is one hing, but the Obama administration is claiming this is a great success and proof that his policies are working and the economy is improving.

    It's not and his policies are to blame
    I would (and have suggested) that thinking that the aggregate number of Not in Labor Force OR a rising number of Not In Labor Force being a bad thing would constitute you as a low information voter (or one that is just disingenuous, assuming you actually know what Not in the Labor Force means.)

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Crovax View Post
    labor participation rate only counts those 16 to 65


    Are you sure?
    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: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Fenton View Post
    Only hard core Obama apologist and or economically illiterate low information Americans are actually cheering about this jobs report.
    Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again | Zero Hedge

    What this jobs report represents is just how cynical and cold the Democrat party and the Obama administration are.

    To put out economic information without the context needed to qualify it as either good or bad news is one hing, but the Obama administration is claiming this is a great success and proof that his policies are working and the economy is improving.

    It's not and his policies are to blame
    The most amazing thing is that the rate has been climbing at the same pace since at least 2000. Who knew that Obama was already messing with our labor force way back then? He truly must be a interplanetary alien.


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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Fearandloathing View Post
    In eight years with world economies ahead of the US, it is only a matter of physics that sooner or later even Obama's economy will start upward...
    Under different circumstances the US would have led the 'recovery'
    This comment conveys no real meaning, which is why you've decided to omit any data.
    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: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by American View Post
    Babyboomers did not offically turn 65 until 2011. Since the babyboomer generation were born from 1946 until 1964, hardly any of them are retired (i.e., those born 1946-1948 have retired at 65).
    While i appreciate the effort (or lack thereof), you couldn't be any more out of touch with reality.

    Do 10,000 baby boomers retire every day? - The Washington Post
    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: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by iguanaman View Post
    The most amazing thing is that the rate has been climbing at the same pace since at least 2000. Who knew that Obama was already messing with our labor force way back then? He truly must be a interplanetary alien.


    Lol !!

    Thanks for the chart that shows just how innefective Stimulus and QE are when it comes to growing a economy.

    8 Trillion in new debt, 4 Trillion in new " liquidity " with a average GDP a little over 2 percent and decreaseing Labor participation rate.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Fearandloathing View Post
    That is a fabrication, Obama has changed it and you are on a different scale than the countries around you. You count unemployed, the accurate stat is "jobless".....
    So wrong on multiple levels. Obama has not changed the way unemployment is calculated and we've never counted the entire jobless population as unemployed, and for good reason. The mere state of being jobless ( Stay at home moms, retirees, the physically disabled, college students, and so on) is not a barometer of the health of the labor market, whereas the ability of those who are actively seeking a wage to find one are.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Crovax View Post
    labor participation rate only counts those 16 to 65 so it doesnt matter how big the percentage of our population is over 65 it has no bearing on the rate and I will again point out that if baby boomer early retirement was the major cause of the rate drop then in 2011 when the baby boomers aged out of the rate calculation the rate would start to flatten out but it hasnt.
    That's incorrect. The LFPR's age category is merely 16 and up. It has no definitive ceiling.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by ludin View Post
    do you want the truth or feel good emotions? lets look at the report.
    lol, yes let's

    The jobless rates for adult men (5.2 percent), adult women (4.9 percent), whites (4.7 percent), blacks (10.4 percent),
    Asians (4.0 percent), and Hispanics (6.6 percent) showed little or no change.

    ok please how me where that is a good thing?[/quote]
    1) The unemployment rate is very close to full employment. BNP Paribas is already saying we're there: BNP Paribas declares full employment - Business Insider

    2) The trends are ALL POSITIVE. Job growth is steady, unemployment rate is falling, LFPR is flat.


    The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.7 million in February. These individuals accounted for 31.1 percent of the unemployed.

    please show me where this is a good thing?
    1 month ≠ trend, and the trend is positive -- it's dropped almost 15% since 2010.

    Plus, good news! People who dropped out of the workforce are, apparently, starting to rejoin the workforce:
    http://www.nytimes.com/2015/02/07/bu...t-figures.html


    of course the main reason for this is the constant extension of jobless benefits and now companies won't hire them or they are less likely to get employment.
    Job benefits mostly expired for many people last year, and are continuing to expire this year. Ironically, many conservatives claim this is has contributed to the drop in unemployment rates.


    the participation rate dropped by .1 so that in and of itself is a large number of people not being counted.
    A drop in the LFPR by 0.1% is negligible, especially since the trend (there's that word again!) is flat since mid-2013.


    The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in February at 6.6 million.
    Yet again: 1 month ≠ trend, and the trend is still moving in the right direction, and way off the 2010 peak.


    I mean as someone said if everyone decided to leave the workforce and not look for a job then according to the U3 number unemployment would be at 0%.
    that is great news isn't it?
    That's the most bizarre twisting of statistics I've seen in a long time. Congratulations!

    Anyway. U3 is only one measure, and no one claims it's a complete measure. The Yellen Dashboard is more comprehensive, at the cost of being more complex:
    Yellen's Dashboard

    Quits rate, job openings, hiring are trending up; change in participation rate is largely flat, maybe a tiny bit up since 12/2009; U3, U6, involuntary part timers, long-term unemployed are trending down. The only real issue is that wages are flat, and that might not be the case for long if we are genuinely near or at full employment.

    If you're looking at the numbers rationally, rather than responding emotionally or in a partisan fashion, you'll see that it's a very good monthly report, and that things are looking up.

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