View Poll Results: Regarding the unemployment information in this thread ...

Voters
26. You may not vote on this poll
  • This is good news (I lean left)

    8 30.77%
  • This is good news (I lean right)

    0 0%
  • This is good news (I'm a centrist)

    1 3.85%
  • This is bad news (I lean left)

    0 0%
  • This is bad news (I lean right)

    1 3.85%
  • This is bad news (I'm a centrist)

    0 0%
  • This is mediocre news (I lean left)

    6 23.08%
  • This is mediocre news (I lean right)

    3 11.54%
  • This is mediocre news (I'm a centrist)

    3 11.54%
  • This is something else (Post and Elaborate)

    4 15.38%
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Thread: US Unemployment: Good news or bad news?

  1. #41
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by tres borrachos View Post
    What? Are you making the claim that the boomers started leaving the workforce "a long time before Obama took office"? The baby boom started in 1946. Those people didn't turn 65 until 2 years after Obama took office.
    I stated that our population has aged and the boomers getting older are accelerating the process.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by iliveonramen View Post
    I stated that our population has aged and the boomers getting older are accelerating the process.
    The population has been aging since the first man. That's what happens. The boomers didn't leave the workforce until after Obama was President. You said it all happened before he became President. Untrue.
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  3. #43
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by Chomsky View Post
    Even if you love what you do, many believe a more balanced life of family, friends, and recreation is more fruitful.

    Working a lot of hours for long periods of time exemplifies a one dimensional & shallow life, IMO.

    There's a time where that may be required occasionally, but it should not be life's normalcy.
    I have thought about that a lot and am not sure of what to think. I am not even sure that a balanced life is anything but easier.
    Maybe, if you want children it would be different. But meeting friends, dining with them, discussing their and your specialties, seeing the ruins and cathedrals and art, wherever the road takes you? Travelling with the wife and the cats? It would be less good if you didn't like the job you do. But then you wouldn't enjoy yourself off the job as much either.

  4. #44
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by Fearandloathing View Post
    Link needed here.

    The baby boom, the largest most impactful generation in history has only started leaving the work force, and many now over 65 are staying in. I guess you haven't heard, but progressive countries are raising the age of retirement as we are now as healthy at 80 as were at 60 at the turn of the previous century. Part of the reason for job shortages is that we are staying in harness five and ten years longer.

    Please avail yourself of the latest demographics and trends and refrain from making stuff up.
    Good lord...the aging of our population started before the boomers but is accelerating as one of the largest generations start hitting retirement age.

    In 2012 27.3 Percent of the population was over the age of 55. In 2003 that percentage was 21.

    For 65 in over it was 12 percent in 2003, and 13.4% as of 2012.

    Our population is getting older, younger people are going to college and people are living longer. It's going to accelerate.

    As I pointed out earlier, the main working age demographic which is individuals between the ages of 25 to 55 has dropped, but only by 0.2% in the last decade. You can probably chalk a portion of that up to staying in the school longer.

    Oh...here's your link....Age and Sex Composition in the United States: 2003 - People and Households - U.S. Census Bureau
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  5. #45
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by tres borrachos View Post
    The population has been aging since the first man. That's what happens. The boomers didn't leave the workforce until after Obama was President. You said it all happened before he became President. Untrue.
    What? This is what I said...a direct quote from my post
    Good news...labor force participation has been dropping for a long time, before Obama took office. It's the aging of our population.
    Our population overall is getting older...that's a fact...longer life expectancy will do that. The boomers being a large population segment reaching their later years is just magnifying that trend.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  6. #46
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by iliveonramen View Post
    Good lord...the aging of our population started before the boomers but is accelerating as one of the largest generations start hitting retirement age.

    In 2012 27.3 Percent of the population was over the age of 55. In 2003 that percentage was 21.

    For 65 in over it was 12 percent in 2003, and 13.4% as of 2012.

    Our population is getting older, younger people are going to college and people are living longer. It's going to accelerate.

    As I pointed out earlier, the main working age demographic which is individuals between the ages of 25 to 55 has dropped, but only by 0.2% in the last decade. You can probably chalk a portion of that up to staying in the school longer.

    Oh...here's your link....Age and Sex Composition in the United States: 2003 - People and Households - U.S. Census Bureau

    Quote Originally Posted by iliveonramen View Post
    I stated that our population has aged and the boomers getting older are accelerating the process.
    Try for some consistency. You can't object to a post which basically documents your "accelerating" claim and takes it to the conclusion you simply don't want to have. But maybe you like arguing with yourself.
    "Small people talk about people, average people talk about events, great people talk about ideas" Eleanor Roosevelt

  7. #47
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    Re: US Unemployment: Good news or bad news?

    According to the household survey:

    - there were 56,000 LESS Americans employed last month
    - there were 349,000(!) LESS Americans employed full time last month (with 111,000 more employed part time)

    And

    - average weekly earnings did not budge from May - thus wages did not keep pace with inflation in June

    And

    - the employment-to-population ratio dropped.

    Table A-9. Selected employment indicators

    Employment Situation Summary Table B. Establishment data, seasonally adjusted

    http://www.bls.gov/news.release/empsit.a.htm


    How on Earth can people say with a straight face that 56,000 less people employed plus 349,000 less full time employees plus stagnant wage growth is a good report?

    Either they are politically closed minded and/or they are incredibly naive and/or they are macroeconomic ignoramuses, imo.


    Read the details people...this is a lousy report.
    Last edited by DA60; 07-02-15 at 02:59 PM.
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  8. #48
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by iliveonramen View Post
    What? This is what I said...a direct quote from my post


    Our population overall is getting older...that's a fact...longer life expectancy will do that. The boomers being a large population segment reaching their later years is just magnifying that trend.
    And as I said, the population overall has been getting older since day 1. And the work force grew long before Obama took office (grew by almost 8 percent in 40 years), not shrank. In 2000 it was 67 percent participation. In 2007 it was 66 percent. In January of 2009 it was 65.7. These were very slight drops.
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  9. #49
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by Fearandloathing View Post
    Try for some consistency. You can't object to a post which basically documents your "accelerating" claim and takes it to the conclusion you simply don't want to have. But maybe you like arguing with yourself.
    What? I don't even know what your point is here. Consistency? Both posts attribute the decrease in the labor force participation to
    A: Aging population
    B: Aging Boomers

    I even pointed out that the participation rate for individuals between 25 and 55 has remained relatively stable.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  10. #50
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    Re: US Unemployment: Good news or bad news?

    Quote Originally Posted by tres borrachos View Post
    And as I said, the population overall has been getting older since day 1. And the work force grew long before Obama took office (grew by almost 8 percent in 40 years), not shrank. In 2000 it was 67 percent participation. In 2007 it was 66 percent. In January of 2009 it was 65.7. These were very slight drops.
    The high point was in 98...here is the historical participation rate
    US Unemployment:  Good news or bad news?-partrate-gif

    As you can see...raised dramatically, and has started dropping from it's high in 98/99. So yes, the trend has been downward for a long time.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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