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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%

The decline in labor force participation among young men was from 75% in 1979 to just 57% in 2011. That 18-point drop is mirrored in data from the Department of Education showing that male school enrollment rates rose between 1980 and 2010. Enrollment rose by 20 points for 18- to 19-year-olds, and by 16 points for 20- to 22-year-olds. It also rose by 8 points among 16- to 17-year-olds and by 9 points among 22- to 24-year-olds. Averaging the rates across the four (roughly) equally-sized groups indicates that the school enrollment rate rose 13 points from 1980 to 2010, from 47% to 60 percent. There are, of course, many young men who simultaneously work and attend school, but the fraction of 18- to 24-year-old college enrollees (of either gender) who attended part-time was 20% in 1980 and 20% in 2010.

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Now where is your link to stats/facts that proves that the vast majority of those students did not go to college because they could not find work in the private sector? And that if they could have they would not have gone to college?


Of course school enrollment is up.

Unemployment is way up, the economy is stagnant and it has never been easier(?) to rack up massive student loans.

When the economy sucks - seniors retire prematurely and young adults go to college.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

That's a rather bogus argument as it assumes that 100% of those who fell out of the workforce were driven out of it and that argument is completely ridiculous.

We know there are many who died. Many more who chose to retire. Many who opted to go onto disability. Many who picked school over work.

Thre are many reasons that people are no longer in the workforce. You cannot sophistically cast all 6 million of them into the same bucket for why they dropped out of the workforce.

If you check my post right above yours - you will see that even the pathetic Fed admits that at least half have left the work force due to 'cyclical downturn in the labor market' (i.e. the economy stinks).

That still leaves the U-3 rate at over 9% (last time I checked).

And that does not take into account all the boomers that have prematurely retired because they cannot find work.

No matter how you slice it - even according to the Fed - unemployment is FAR worse then when Obama took over (not that GWB was doing much good either).


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

Now where is your link to stats/facts that proves that the vast majority of those students did not go to college because they could not find work in the private sector? And that if they could have they would not have gone to college?


Of course school enrollment is up.

Unemployment is way up, the economy is stagnant and it has never been easier(?) to rack up massive student loans.

When the economy sucks - seniors retire prematurely and young adults go to college.
You're forgetting that it's the public sector which is sucking. The private sector is hiring like mad, adding 6½ million jobs over the last 37 consecutive months. So if people aren't working at this point, it's because by and large, they either choose not to or they were working in the public sector.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

If you check my post right above yours - you will see that even the pathetic Fed admits that at least half have left the work force due to 'cyclical downturn in the labor market' (i.e. the economy stinks).

That still leaves the U-3 rate at over 9% (last time I checked).

And that does not take into account all the boomers that have prematurely retired because they cannot find work.

No matter how you slice it - even according to the Fed - unemployment is FAR worse then when Obama took over (not that GWB was doing much good either).


Have a nice day.

4+ years into Obama's failed Presidency

90 million Americans not working

50 million on Food Stamps

GDP Growth .4%

All they can do is blame Bush. It's a joke.

Democrats were mostly responsible for the financial crisis anyways by downplaying any potential problems that were predicted with the Housing Market and blocking GSE reform. With 41 votes they prevented any bill from getting an up or down vote.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

You're forgetting that it's the public sector which is sucking. The private sector is hiring like mad, adding 6½ million jobs over the last 37 consecutive months. So if people aren't working at this point, it's because by and large, they either choose not to or they were working in the public sector.

The Public Sector has an unemployment rate under 4%

The Public Sector costs the private sector resources. There is no net gain. That means Opportunity Costs and Negative Externalities. There is no wealth created.

The Private Sector only added 88K jobs last month. It's not hiring like mad.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

If you check my post right above yours - you will see that even the pathetic Fed admits that at least half have left the work force due to 'cyclical downturn in the labor market' (i.e. the economy stinks).

That still leaves the U-3 rate at over 9% (last time I checked).

And that does not take into account all the boomers that have prematurely retired because they cannot find work.

No matter how you slice it - even according to the Fed - unemployment is FAR worse then when Obama took over (not that GWB was doing much good either).


Have a nice day.
It claims about half are attributable to baby boomers retiring. There are many reasons they retire. Probably, during the recession and the months that followed, many did retire because they couldn't find work as the private sector was hemorrhaging jobs. That is no longer the case. The private sector is now chugging along just fine. Nowadays, I would guess that most with 401Ks retire because their 401Ks are back to new highs. Plus every day, there's an additional 10,000 baby boomers turning the age of retirement. That's a lot of ****ing baby boomers.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

You're forgetting that it's the public sector which is sucking. The private sector is hiring like mad, adding 6½ million jobs over the last 37 consecutive months. So if people aren't working at this point, it's because by and large, they either choose not to or they were working in the public sector.

And your link to unbiased stats/data that backs up your claim (not that I am saying it is not so) is what?

And of those 6.5 million hiring's - how many still have those jobs?


And even if your numbers are true - changes nothing.

The unemployment rate if you take into account those that the Fed estimates have dropped out of the work force because the economy is so bad is still (last time I checked) well over 9%.

Way worse then when Obama took over.
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

It claims about half are attributable to baby boomers retiring. There are many reasons they retire. Probably, during the recession and the months that followed, many did retire because they couldn't find work as the private sector was hemorrhaging jobs. That is no longer the case. The private sector is now chugging along just fine. Nowadays, I would guess that most with 401Ks retire because their 401Ks are back to new highs. Plus every day, there's an additional 10,000 baby boomers turning the age of retirement. That's a lot of ****ing baby boomers.

Sorry pal - spin it anyway you want.

Even according to the Fed at LEAST half of the participation rate decline is due to the crappy economy.

And there is no way to know what percentage of the retirees did so only because they could not find work...undoubtedly many.

That leaves the unemployment rate well above 9% - even using the Fed's numbers - FAR worse then when Obama took over.
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And your link to unbiased stats/data that backs up your claim (not that I am saying it is not so) is what?

And of those 6.5 million hiring's - how many still have those jobs?

A large majority of these jobs are PART TIME jobs which also means one person is occupying multiple jobs in most cases.

Obama's record on job creation is beyond pathetic
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

The Public Sector has an unemployment rate under 4%

Again ... the public sector has lost 700,000 jobs since Bush's Great Recession ended. Had we gained that many, the U3 unemployment rate would be around 6.6%.

The Private Sector only added 88K jobs last month. It's not hiring like mad.
37 consecutive months adding 6½ million jobs speak far louder to the hiring in the private sector than 1 month of data could possibly reveal.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%


The U-3 is over 9% (last time I checked) if you include 1/2 of the those that left the work force because the economy stinks and include them with the unemployed (as the Fed says).
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And your link to unbiased stats/data that backs up your claim (not that I am saying it is not so) is what?

And of those 6.5 million hiring's - how many still have those jobs?
It's my opinion. Since there are no data which tracks why baby boomers retire, all any of us can offer up on the matter is opinion.

And to me, it makes sense that when the stock market bottomed out and baby boomers reaching retirement age lost huge chunks of their 401Ks and other market related investments, and the country was hemorrhaging jobs, few boomers would have been seeking retirement. Many of those who did, probably were forced to; but fast forward a few years, the stock market has more than recovered, their 401Ks are at new highs. Other market investments are at or near new highs. The private sector is hiring again -- to me it seems like an optimal time for retirement for those who've been putting it off until things got better.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Again ... the public sector has lost 700,000 jobs since Bush's Great Recession ended. Had we gained that many, the U3 unemployment rate would be around 6.6%.


37 consecutive months adding 6½ million jobs speak far louder to the hiring in the private sector than 1 month of data could possibly reveal.

Democrats were more responsible for the Financial Crisis than Bush. Bush shoulders some blame, but it was Democrats who repeatedly said there wasn't a crisis, attacked regulators who scrutinized The GSE's books as racist, and killed any reform that was proposed in the Senate. Not one Democrat supported and voted for GSE reform.

Obama's "Recovery" is one of the worst on record. It's pathetic.

Reagan's recovery saw GDP Growth as high as 9% with a million jobs created in one month. You're waving the pom poms when the country creates 88K in one month. It's laughable. You've just been conditioned as a Democrat to accept sub par Economic Growth apparently. Psychologically you've been conditioned to have low expectations.

What the country is going through right now is not an economic recovery. Not even close. Obama's Economic Policies are a joke.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And even if your numbers are true - changes nothing.

The unemployment rate if you take into account those that the Fed estimates have dropped out of the work force because the economy is so bad is still (last time I checked) well over 9%.

Way worse then when Obama took over.
One thing that intrigues me is this new found love righties have for the notion that the unemployment rate should be based upon the LFPR when Obama started.

You know, and I'm not generalizing here -- I never once heard that from anyone, on the left or especially the right, mention that when Bush was president. And that certainly could have been raised since the LFPR dropped 2.3% and using the same logic, could have said the unemployment rate was actually 10% when Obama became president.

It just seems to me that the right is hunting for negativity; especially as conditions improve.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sorry pal - spin it anyway you want.

Even according to the Fed at LEAST half of the participation rate decline is due to the crappy economy.

And there is no way to know what percentage of the retirees did so only because they could not find work...undoubtedly many.

That leaves the unemployment rate well above 9% - even using the Fed's numbers - FAR worse then when Obama took over.

Well, no, it doesn't. Because the other half includes those who chose school over work and those who chose (or sometime had no choice) disability over work.

It still leaves you with no evidence and nothing but guesstimates. Same as everyone else discussing this.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

A large majority of these jobs are PART TIME jobs which also means one person is occupying multiple jobs in most cases.

Obama's record on job creation is beyond pathetic
And yet people polled showed a preference to Obama handling the economy than Republicans.

If Obama's record is as bad as you think, what does that say for how people feel about Republicans' ability to manage the economy?


:eek: :eek: :eek:

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

Democrats were more responsible for the Financial Crisis than Bush. Bush shoulders some blame, but it was Democrats who repeatedly said there wasn't a crisis, attacked regulators who scrutinized The GSE's books as racist, and killed any reform that was proposed in the Senate. Not one Democrat supported and voted for GSE reform.

Obama's "Recovery" is one of the worst on record. It's pathetic.

Reagan's recovery saw GDP Growth as high as 9% with a million jobs created in one month. You're waving the pom poms when the country creates 88K in one month. It's laughable. You've just been conditioned as a Democrat to accept sub par Economic Growth apparently. Psychologically you've been conditioned to have low expectations.

What the country is going through right now is not an economic recovery. Not even close. Obama's Economic Policies are a joke.
Democrats could have said whatever they wanted. And they did. That shouldn't have prevented Republicans from passing much needed oversight of the GSEs which would have prevented the meltdown. And btw, as has been proven, Democrats did not block any legislation in the Senate.

As far as the economy when Reagan was president -- it wasn't broken like the economy Bush handed Obama. Reagan had tools at his disposal to combat a weak ecomony which were not available to Obama.
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

What the country is going through right now is not an economic recovery. Not even close. Obama's Economic Policies are a joke.
Cry about that over a beer with Mitt. :lamo
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

The U-3 is over 9% (last time I checked) if you include 1/2 of the those that left the work force because the economy stinks and include them with the unemployed (as the Fed says).

Perhaps you can quote Van Zandweghe directly?

The U-3 is 9% if you employ U-5 methodology.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And yet people polled showed a preference to Obama handling the economy than Republicans.

If Obama's record is as bad as you think, what does that say for how people feel about Republicans' ability to manage the economy?


:eek: :eek: :eek:

:lamo

You're assuming a large majority of people voted for Obama because they wanted a job. 50 million on Food Stamps and growing. Disability rolls growing and now running in the red :lol:

Democrats could have said whatever they wanted. And they did. That shouldn't have prevented Republicans from passing much needed oversight of the GSEs which would have prevented the meltdown.

As far as the economy when Reagan was president -- it wasn't broken like the economy Bush handed Obama. Reagan had tools at his disposal to combat a weak ecomony which were not available to Obama.

It was worse actually. Bush didn't hand Obama a broken Economy either. Obama ran for President when the Economy crashed because of policies he supported. If Obama wasn't up for the job (and judging by how pathetically his policies have failed he obviously was not) he should have pulled out of the Presidential race. Obama even sued banks to pressure them to give loans to low income minorities when he was a lawyer for ACORN. Lastly, Democrats blocked GSE reform that could have prevented the crisis. They shoulder the majority of the blame.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Perhaps you can quote Van Zandweghe directly?

The U-3 is 9% if you employ U-5 methodology.

His logic is flawed two-fold. One is, he has to guess how many people were forced to leave the workforce as opposed to leaving on their own volition. No one can guess what the unemployment rate really is. :roll:

And secondly, he applied that theory only to Obama and not to Bush. Apply that same equation to Bush and we find that Bush left Obama with a U3 rate at 10%. So the unemployment rate is still lower than what Obama started with.

But give them credit. They are always looking for new ways to make the economy worse than it really is. :thumbs:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

And yet people polled showed a preference to Obama handling the economy than Republicans.

If Obama's record is as bad as you think, what does that say for how people feel about Republicans' ability to manage the economy?


:eek: :eek: :eek:

:lamo

Thats changing as we speak.

RealClearPolitics - Election Other - President Obama Job Approval

Obama's approval numbers are back below 50 and trending down. Obama's re-election means he now owns economic policy. He cannot continue to blame Bush. His polling numbers will now, more realistically, reflect that.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

You're assuming a large majority of people voted for Obama because they wanted a job. 50 million on Food Stamps and growing. Disability rolls growing and now running in the red :lol:
No, I'm reporting to you what the polls say. They indicate that more people trust Obama with the economy than they do Republicans. I don't for a moment purport why.

It was worse actually. Bush didn't hand Obama a broken Economy either. Obama ran for President when the Economy crashed because of policies he supported. If Obama wasn't up for the job (and judging by how pathetically his policies have failed he obviously was not) he should have pulled out of the Presidential race. Obama even sued banks to pressure them to give loans to low income minorities when he was a lawyer for ACORN.

The hell he didn' hand Obama a broken economy. All the tools Reagan had at his disposal to help the economy (70% tax rates, 20% interest rates, double digit inflation); Obama had none of those to work with. Taxes were already low, interest rates couldn't go lower, inflation couldn't go lower. So while Carter gave Reagan an unemployment rate of 7.5% with tools to bring it down, Bush handed Obama an unemployment rate of 7.8% with a broken economy which had no such tools to fight it.

Lastly, Democrats blocked GSE reform that could have prevented the crisis. They shoulder the majority of the blame.
Bull****. They blocked nothing. I posted the bill on this thread the other night which showed the bills were not filibustered or block by Democrats. Stop making stuff up. You can't blame the minority party because the majority party didn't do its job.
 
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