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

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

    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.
    http://soulinblackandwhite.blogspot.com/

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

    Still just juking the stats

    The participation rate, which indicates the share of working-age people working or looking for a job, decreased to 62.8 percent from 62.9 percent in January.

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

    Quote Originally Posted by Crovax View Post
    Still just juking the stats
    lol

    Yes, employment can't possibly improve while a Democrat is President. It's unpossible!

    Big jump in employment rates, almost no drop in the labor force participation rate. Wages are still flat, but otherwise it's a very good sign. Q1 may be impacted by bad weather again, but otherwise I for one am looking forward to more good news in the months to come.

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

    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.
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Maybe it's the Republican controlled Congress that we should be thanking in addition to President Obama.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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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.
    Indeedy. I am under the impression that USA incomes are comparable to 1970 levels as regards real spending power.
    MickeyD jobs don't seem to strike me as real jobs because they are part time. I don't think I believe gov't statistics.

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

    Quote Originally Posted by Visbek View Post
    lol

    Yes, employment can't possibly improve while a Democrat is President. It's unpossible!

    Big jump in employment rates, almost no drop in the labor force participation rate. Wages are still flat, but otherwise it's a very good sign. Q1 may be impacted by bad weather again, but otherwise I for one am looking forward to more good news in the months to come.

    It can, it improved a lot when Clinton was president.

    The fact is that the unemployment rate can give a false picture because of the strict definition of it. People who were so discouraged they have stopped looking for work make the unemployment number look good but they haven't rejoined the workforce as the labor participation rate shows.



    This pretty much tells the whole story. The labor participation rate should actually be higher now with many more single parent households but it continues to drop. The excuse of the baby boomer retirement has passed since a big chunk of baby boomers are older than 65 and they would not be included in the rate working or not.

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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.
    the rate has always been a bad indicator of the actual job market especially when it is in direct conflict with the labor participation rate. If both were improving that would be one thing but less people are working now than in 2008 thats not a gain that just doing less bad.

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

    Quote Originally Posted by Crovax View Post
    Still just juking the stats
    Can't force people to work.
    If I blow the conch and they don't come back; then we've had it. We shan't keep the fire going. We'll be like animals. We'll never be rescued.

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

    Quote Originally Posted by DaveFagan View Post
    I don't think I believe gov't statistics.
    I don't necessarily trust the stats either, But don't blame that on the current president. Again, how the rate is calculated hasn't changed in decades. Reagan and Clinton admins did change how the calculations were done to make the stats look rosier than they really were. But since Clinton, there's been no changes.
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
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