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

  1. #121
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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).
    More are retiring every day, thus the lfpr will continue to decline. And many people don't wait until age 65 til they retire, about 15% of our population retires before age 65.

    about half of the decline in the lfpr is due to our aging society - that's a fact.
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    I see a big problem with the idea that whatever the majority wants is OK.

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

    Quote Originally Posted by imagep View Post
    More are retiring every day, thus the lfpr will continue to decline. And many people don't wait until age 65 til they retire, about 15% of our population retires before age 65.

    about half of the decline in the lfpr is due to our aging society - that's a fact.
    Where's your source?

    LFPR measure only those between the ages of 16 to 64 and excludes students, homemakers, and persons under the age of 64 who are retired as well. So try again.

    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H.L Mencken

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

    Quote Originally Posted by Fenton View Post
    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.
    As far as "labor participation rate" , QE and the stimulus were just as effective as Bush's tax cuts and housing bubble. The number has been climbing at the same rate since Bush was elected. Why is that?

  4. #124
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by SenorXm/Sirius View Post
    The rate is calculated no different now then it has been for the last couple of decades. So there are no shenanigans going on with the rate.

    That said these are solid job gains. After 2008 I never thought we'd see the rate anywhere near 5% again.
    EXACTLY. Republicans act as if the formula was hacked just for our foreign Muslin Christian Weak Tyrannical POTUS.

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  5. #125
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by imagep View Post
    More are retiring every day, thus the lfpr will continue to decline. And many people don't wait until age 65 til they retire, about 15% of our population retires before age 65.

    about half of the decline in the lfpr is due to our aging society - that's a fact.
    You using a acronym to impress me or yourself?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by austrianecon View Post
    Where's your source?

    LFPR measure only those between the ages of 16 to 64 and excludes students, homemakers, and persons under the age of 64 who are retired as well. So try again.

    Why has it been climbing at the same rate since 2000? Why is it suddenly the only employment metric right wingers use? There was just as much increase while Bush was President, why was it not a problem then?

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

    Quote Originally Posted by Simon W. Moon View Post
    I am sure that you have quite an awesome point.
    Just that yours was nonsense, but I take it you figured that out.

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

    Quote Originally Posted by Kushinator View Post
    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
    So what? I doubt that's unusual. Where were you when Obama increased the welfare rolls? Oh yeah, probably cheering him on.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #129
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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.

    Quote Originally Posted by Kushinator View Post


    Are you sure?
    Yes, he is sure.... he is also wrong. (like many people on this Board that are "sure" of their impressions, so sure they never double check the facts or support their assertions with links)

    Over 65 is considered part of the labor force (as is over 95, as long as they are not institutionalized in a NURSING home (not assisted living, but nursing home)).

    "...By BLS definitions, the labor force is the following: "Included are persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces."[2]

    The labor force participation rate is the ratio between the labor force and the overall size of their cohort (national population of the same age range). In the West during the later half of the 20th century, the labor force participation rate increased significantly, largely due to the increasing number of women entering the workplace...."


    http://www.bls.gov/dolfaq/bls_ques23.htm
    http://www.bls.gov/bls/glossary.htm
    http://www.investorglossary.com/labor-force.htm
    http://www.davemanuel.com/investor-d...cipation-rate/
    Last edited by upsideguy; 03-06-15 at 07:41 PM.

  10. #130
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by iguanaman View Post
    As far as "labor participation rate" , QE and the stimulus were just as effective as Bush's tax cuts and housing bubble. The number has been climbing at the same rate since Bush was elected. Why is that?

    So two post is all it takes to get the average Liberal back to the same irrelevant Bush narratives ?

    And the number ( LFPR ) is either ignored or twisted by Obama's apologist every time new job numbers come out.

    You could set your watch on it.

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