U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:

In December 2007 when the recession started there were 146 million employed Americans, today that number is 143 million.

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Employment bottomed out Dec 2009 at 139,025,000

The labor force last month declined 500,000 meaning there were 500,000 less people to count as well as how many of those people were formerly counted as unemployed.

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Employment dropped 206,000 and Unemployment dropped 290,000. Not in the Labor Force increased 663,000 but those Not in the Labor Force who want a job dropped 99,000... so while the % of the population in the Labor Force dropped 0.2 percentage points, the % of the population who don't want to work increased 0.3 percentage points. In other words the drop in the Labor Force is due to fewer people wanting to work.

No one can look at a decline in working Americans from 146 million to 143 million with a growing population as being a good performance.

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How about an increase from 139 million to 143 million?

I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

j-mac said:

Absolutely, and never in our history have we had such a non event in terms of recovery from a recession....This is on purpose.

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I would like you to prove it is on purpose.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Helix said:

not terribly surprising. didn't look to be a
good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."

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You guys are so utterly desperate to avoid the obvious its sureal.

Its as if you people are locked into some hypnotic state. First, Sequester is Govt borrowing or printing to maintain Federal spending.

Are you saying after 4 years, 6 trillion in new structural debt, a FED pumping massive amounts of printed currency into our financial market, thats the only thing holding up our economy ?

And second, what about private sector growth ? Because growth from the Public Sector IS NOT actual "growth".

We dont need new "economist" we need new leader ship as the Democrats focus on gun control and immigration millions of Americans are struggling......still.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pinqy said:

Employment bottomed out Dec 2009 at 139,025,000

[qutoe]The labor force last month declined 500,000 meaning there were 500,000 less people to count as well as how many of those people were formerly counted as unemployed.

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Employment dropped 206,000 and Unemployment dropped 290,000. Not in the Labor Force increased 663,000 but those Not in the Labor Force who want a job dropped 99,000... so while the % of the population in the Labor Force dropped 0.2 percentage points, the % of the population who don't want to work increased 0.3 percentage points. In other words the drop in the Labor Force is due to fewer people wanting to work.

How about an increase from 139 million to 143 million?

I'm not saying things are great or even all that good. But they're not as bad as some try to paint it.[/QUOTE]

I don't think having a working force of 143 million today six years later after it was 146 million is a success that you want to talk about. things are every bit as bad as people are trying to paint it. We have a growing population and declining work force along with a reduction in the labor market. The key number is 155 million labor force today and 143 million working. That is a disaster that only Europe can relate to.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I haven't seen the U6 numbers yet but if you look at the graph ... the U6 numbers had been usually 4 points or so higher than the U3 numbers ... until 2009 ... when they became around 8 points higher.
Could the trend have even worsened to get the U3 slightly lower as it has?

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Texmex said:

I would like you to prove it is on purpose.[/
QUOTE]

Then you admit you people elected an incompetent twice ?

Why would you do that ?

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

mtm1963 said:

the labor force participation rate for march was 63.3%, down from feb's rate of 63.5%. that's a few 100,000 people that dropped out of the labor force.

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The Labor Force dropped about 500,000
Not in the Labor Force increased 633,000

That's 133,000 more people not in the labor force who did not "drop out of the labor force."

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Fenton said:

Texmex said:

I would like you to prove it is on purpose.[/
QUOTE]

Then you admit you people elected an incompetent twice ?

Why would you do that ?

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It does seem that no liberal has the ability to admit they are wrong on any issue and will fight for their ideology regardless of the proven economic results. I call it liberal arrogance when someone else blames one's own failure on someone else and expects the Federal taxpayer to bail them out.

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

MMC said:

Yeah, but that wont make up for the loss of medical people in R&D and other areas of the profession. Also More doctors will be closing up shop. Especially with the pharmacies giving out shots and vaccinations. 20 bucks in an and out.

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Huh? Doctors who do nothing but give shots? What a waste of a education.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CaptinSarcastic said:

Oh, don't get me wrong, I understand political reality, I recognize that as the sole individual actor in government, the President gets blame and credit for pretty much everything, whether in his control or not. But I also recognize that never before has one party used this political reality of perception to force failure.

The funny thing is that the American people are not buying it as you can see from opinion polling. The GOP is responsible for preventing any policy path, and the American people know it. 71% of Americans disapprove of the way Congressional Republicans are handling their jobs, FAR greater than disapproval of Obama and significantly greater than disapproval of Congressional Democrats. (Queue the media bias meme)

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Polls these days are very subjective...Just as you can cite a poll to back your opinion, I can find an equal one to back mine....They are meaningless.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Fenton said:

Texmex said:

I would like you to prove it is on purpose.[/
QUOTE]

Then you admit you people elected an incompetent twice ?

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That's a lie! I didn't vote for Bush either time. :lamo

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:

Fenton said:

It does seem that no liberal has the ability to admit they are wrong on any issue and will fight for their ideology regardless of the proven economic results. I call it liberal arrogance when someone else blames one's own failure on someone else and expects the Federal taxpayer to bail them out.

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Nice BS rant that says absolutely nothing, something you are good at. How about answering the question?

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pinqy said:

The Labor Force dropped about 500,000
Not in the Labor Force increased 633,000

That's 133,000 more people not in the labor force who did not "drop out of the labor force."

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we are nearing 4 years post recession and the labor participation rate continues to drop. normally the rate would have stabalized by now even if the rate were lower then pre-recession levels.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:

I don't think having a working force of 143 million today six years later after it was 146 million is a success that you want to talk about.

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You're talking like it was a straight decline. It wasn't It went from 146 million down to 139 million and now is back up to 143 million.
So 139 million to 143 million IS an improvement.

things are every bit as bad as people are trying to paint it. We have a growing population and declining work force along with a reduction in the labor market.

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Labor Force Dec 2007 was 153,918,000. March 2013 it's 155,028,000 and that's after dropping 626,000 since January.

The key number is 155 million labor force today and 143 million working. That is a disaster that only Europe can relate to.

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And both are up from the worst of the decline.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

mtm1963 said:

i don't really disagree with the points you have made here.

i would say the baby boomer impact at this time is minimal, but by the end of the decade their retirement will most certainly have more of an impact on the labor force.

discouraged workers are the main reason the participation rate keeps falling. the long term unemployed is still at a high level, thus many of those people keep leaving the work force.

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Four points:

1. The numbers I posted show that the Baby Boom retirements explain only a small part of the decline in the labor participation rate. Almost 85% of the drop in the labor participate rate for those aged 25 and older is occurring among those aged 25-64.

2. All of the labor force participation rate decline in the age 25-64 groups is occurring in the age 25-54 segment.

3. Older people are maintaining or increasing their labor force participation rate: Ages 55-64: No change; Ages 65 and older: +2.0%

4. I agree about the point about discouraged workers. Those workers are dropping out for cyclical factors and structural ones. The cyclical ones are not really a big problem, as those workers typically return to the labor force. The structural factors should be a big concern. Those workers face barriers to re-entering the labor force (skills-jobs mismatch). The dynamics behind the structural factors concern skill development (education/training) on one hand and the composition of the job market (ongoing shift, in general, toward knowledge-intensive jobs).

OECD reports and U.S. data have highlighted negative educational attainment trends, particularly among males. The data is now beginning to ripple through the labor force participation rates for younger people in the age 25-54 segment.

5-Year Change in Labor Force Participation (Ages 25-29):
Men: -3.2%
Women: -1.7%

Men have dropped out of the labor force at a rate 90% faster than women.

5-Year Change in Labor Force Participation (Ages 30-34):
Men: -1.6%
Women: -1.4%

Men have dropped out of the labor force at a rate nearly 15% faster than women.

The adverse educational attainment outcomes are most pronounced in recent years and, not surprisingly, are showing up in the Age 25-29 group. Some of the disparity in the Age 30-34 group is masked by the reality that some women are leaving the labor force for family formation considerations.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Fenton said:

You guys

Its as if you people

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i'm an independent. go team!

Fenton said:

Are you saying after 4 years, 6 trillion in new structural debt, a FED pumping massive amounts of printed currency into our financial market, thats the only thing holding up our economy ?

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the fed's liquidity strategy is risky, and i don't support it.

Fenton said:

And second, what about private sector growth ? Because growth from the Public Sector IS NOT actual "growth".

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disagree. we want and need people to be employed. their access to resources depends on it, and our economy benefits from consumption. somebody has to hire them. if the private sector isn't doing it, then i'm all for the public sector hiring them. it's either that or pay them not to work, and there's plenty that needs done.

Fenton said:

We dont need new "economist" we need new leader ship as the Democrats focus on gun control and immigration millions of Americans are struggling......still.

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we need more choices. this dem vs repub bull**** teamsport dynamic is hurting us more than it's helping us. also, the plural of "economist" is "economists."

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

mtm1963 said:

the usual bad news when it comes to jobs.

the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.

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March is a perfect example of what is happening to employment in America.

The economy only created 88K jobs - far below the number of new people potentially entering the labor force. So the U3 rate should go up.

But it went down.

Only because more Americans gave up looking for work (which is why the participation rate above is going down).

The unemployment situation is NOT getting better in America, it is getting worse.

If the participation rate were the same today as when Obama took over, the unemployment rate would be well over 10% today.

People that want work but have given up because they cannot find it are unemployed - and should be counted as such. But right now they are counted as having left the work force...which means they are not counted against the unemployment rate...which is nuts.

All these massive deficits and Fed money 'printing (QE's) are doing is artificially driving up equities/housing prices.
Which makes the rich, richer; the middle class feel better (when most of them are not); raises inflation (which is massively under-reported by the skewed CPI - which is now more of a cost-of-living indicator rather then an inflation indicator), makes unemployment seem much better then it is and increases poverty (food stamp usage has grown by over 40% since Obama took over).

Between this mess, Japan's outright currency war and Europe's decline...things are going in a negative direction.

But naive masses/economists just see the DOW going up, housing prices creeping up and the U-3 and CPI being artificially kept lower and think America has 'turned the corner'.
No she hasn't...not even close.

The house of cards is growing.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Texmex said:

Conservative said:

Nice BS rant that says absolutely nothing, something you are good at. How about answering the question?

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Answering what question as obviously you have no idea how to use quotes properly as the post you attributed to Fenton was actually mine. You want to debate the issues please give me something factual to debate, not simply your opinions based upon biased inaccurate reporting. Do some research to learn the errors of liberalism and your ways.

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pinqy said:

You're talking like it was a straight decline. It wasn't It went from 146 million down to 139 million and now is back up to 143 million.
So 139 million to 143 million IS an improvement.


Labor Force Dec 2007 was 153,918,000. March 2013 it's 155,028,000 and that's after dropping 626,000 since January.

And both are up from the worst of the decline.

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So you are using the 143 million as a baseline and ignoring it was 146 million 6 years ago. Getting back to 143 million is very poor performance especially with a 155 million labor force.

Being up from the worst decline but not even close to being back to 2007 numbers is the disaster I am talking about. what you are showing is that we have a 3 million increase in labor force and a 3 million loss in employment. Is that a success in your world?

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Helix said:

not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."

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Name one credible source that can identify a single job that was lost in March as a result of the sequester.

The jobs numbers were abysmal but had nothing, zero to do with the sequestration and everything to do with the onset of Obamacare and the American people's idiotic decision to put the golfing/crooning/jumpshot shooting clown back in the White House.

Almost 500.000 left the workforce last month resulting in a downward tick in the unemployment rate. At this pace, Obama can claim success when everyone in America stops working or looking for work. Well done.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:

Texmex said:

Answering what question as obviously you have no idea how to use quotes properly as the post you attributed to Fenton was actually mine. You want to debate the issues please give me something factual to debate, not simply your opinions based upon biased inaccurate reporting. Do some research to learn the errors of liberalism and your ways.

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Yea, that's what I would concentrate on, the quote feature.

You talk about my errors, I bet my liberal ass has it better than you do currently. I don't work and do what I want. You're not late for work are you? :lamo

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

CanadaJohn said:

Name one credible source that can identify a single job that was lost in March as a result of the sequester.

The jobs numbers were abysmal but had nothing, zero to do with the sequestration and everything to do with the onset of Obamacare and the American people's idiotic decision to put the golfing/crooning/jumpshot shooting clown back in the White House.

Almost 500.000 left the workforce last month resulting in a downward tick in the unemployment rate. At this pace, Obama can claim success when everyone in America stops working or looking for work. Well done.

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our economy is largely dependent on informed gambling. if one knows for a fact that demand side is going to take a hit in the coming year due to public sector workers working less, hiring is going to slow down. when there's a crimp in the hose, it's a good bet that the water is eventually going to lose pressure.

as for whether this mediocre jobs report can be blamed in large part on sequestration, the answer is probably no. however, it's one factor among many, which is why i was expecting a lousy report. i have no idea how economists figured 200k jobs for March. they need to address flaws in their prediction models.

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Texmex said:

Conservative said:

Yea, that's what I would concentrate on, the quote feature.

You talk about my errors, I bet my liberal ass has it better than you do currently. I don't work and do what I want. You're not late for work are you? :lamo

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Aw yes, when you cannot respond to data you resort to the personal attacks. I have been retired for 9 years, spent 35 years in the business world so what were you saying about having it better than I have it? I am waiting for you to explain what economic policy Obama has implemented or has had stonewalled that would make the economy better, provide strong economic growth and great job creation? 88000 jobs and 500,000 people dropping out of the labor force isn't the sign of economic growth and return to prosperity.

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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Helix said:

our economy is largely dependent on informed gambling. if one knows for a fact that demand side is going to take a hit in the coming year due to public sector workers working less, hiring is going to slow down. when there's a crimp in the hose, it's a good bet that the water is eventually going to lose pressure.

as for whether this mediocre jobs report can be blamed in large part on sequestration, the answer is probably no. however, it's one factor among many, which is why i was expecting a lousy report. i have no idea how economists figured 200k jobs for March. they need to address flaws in their prediction models.

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Why aren't you concerned about a labor force dropping by 500,000, a 155 million labor force with only 143 million working?

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:

Why aren't you concerned about a labor force dropping by 500,000, a 155 million labor force with only 143 million working?

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i'm concerned about all of it. you see, i want our economy to succeed regardless of which half of the superparty is in charge.