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Wall Street celebrates historic rate hike [W:78]

Re: Wall Street celebrates historic rate hike

upsideguy said:
The post to which you responded is true: this is AM radio noise because the right has pretty much run out of arguments on the economy. Its very good. Not that we might not be heading toward another bubble, but the core indicators are solid. Anyone that wants a job can have one. We are at full employment (3 to 5% unemployment is generally considered full employment)

I sure hope you are not one of the one's that is clinging to this Not in Labor Force beginning comprised substantially of discouraged workers (as some AM radio talkers would have their idiot listeners believe). If you think that, you best learn what this number really means (the BLS will tell you.)

A-38. Persons not in the labor force by desire and availability for work, age, and sex

Its time for conservatives to give up on the issue that the economy has not recovered. They have lost that argument. Hanging on to the Not In Labor Force number suggesting it is evidence of weakness just shows ignorance and gullibility.
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you need better sources than motherjones, dailykos and huffpo.

take a look at the U6 number. while it has gone down it is still very high.
the U5 is probably a bit better picture than the U3.

those numbers gives way better view of the state of the job market than the distorted u3 number.
no they haven't. even the last BLS report was viewed as kind of negative.
 
Re: Wall Street celebrates historic rate hike

ludin said:
you need better sources than motherjones, dailykos and huffpo.

take a look at the U6 number. while it has gone down it is still very high.
the U5 is probably a bit better picture than the U3.

those numbers gives way better view of the state of the job market than the distorted u3 number.
no they haven't. even the last BLS report was viewed as kind of negative.
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Excuse me... no sourcing of any of those sites (BTW.. I have never been to any of those sites). I gave you the BLS table. It tells us that only 6M of the 93M not in the work force are actually looking for work.

The not in the work force number is substantially comprised of the retired, the disabled, students and stay at home moms. The fact these people do not have to work is a testament to a strong stock market, which is generally reflective of a strong economy.

As a business owner that constantly hires, I know how much tougher it is to get and keep good people than it was two years ago. I have also seen my recruitment and labor costs rise significantly over this period. You have to be completely out of touch to think the economy is soft.

BTW - U6 is at 1996 levels. The economy was considered pretty good in 1996.

U6 Unemployment Rate | MacroTrends
 
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Chainsaw said:
Really, the bond market is already pricing in another recession. The only reason the Fed raised them now, is they are desperate to add at least one bullet to shoot at it.
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Really? Because some of the biggest U.S. investors on Wall Street from Warren Buffett to Ray Dalio have been calling for an interest rate hike for quite some time now. The only reason it hadn't happened until now is because the economic indicators the FedResv monitors showed that the economy strong enough to sustain a rate hike.
 
Re: Wall Street celebrates historic rate hike

pinqy said:
Oh, it's way worse than that.....those in the military are excluded from the data, so that's adding more to working, but then put in children under 16, prisoners, and those in nursing homes, mental institutes, and other long term care.

But it was worse in the 1940's, 1950's, 1960's, and most of the 70's. The employment to population ratio is higher now than anytime before 1978.
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Meaning there ARE more people working today than in 1978? Amazing!
 
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