Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'[W:88]

[US Conservative]

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'
11:28 AM, JAN 10, 2014 • BY DANIEL HALPER

Alabama senator Jeff Sessions responds to the latest jobs report:

Jeff Sessions
"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Folks, we can't keep this up, the numbers released by the Obama administration after 5 years of failed policies and smoke and mirrors are damning. 92 million outside the workforce. The jobs added are crap. This is what the democrat party gets us. Take a look at these trends.

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels | Zero Hedge

 

[radioman]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Folks, we can't keep this up, the numbers released by the Obama administration after 5 years of failed policies and smoke and mirrors are damning. 92 million outside the workforce. The jobs added are crap. This is what the democrat party gets us. Take a look at these trends.

This is awful.
So, are you and Sessions in favor of extending unemployment benefits?

 

[ToastyOats]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Folks, we can't keep this up, the numbers released by the Obama administration after 5 years of failed policies and smoke and mirrors are damning. 92 million outside the workforce. The jobs added are crap. This is what the democrat party gets us. Take a look at these trends.

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels | Zero Hedge

Huh. Didn't know that Obama was president since 1990.

Who knew?

 

[scatt]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

This is awful.
So, are you and Sessions in favor of extending unemployment benefits?

I'm sue he will after Obama says how terrible it is to be looking for work.

 

[radioman]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Huh. Didn't know that Obama was president since 1990.

Who knew?

Hmmph.....well, that is a problem.
Let's just say that things were bad before Obama, but now.....now things are super-duper bad.

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

This is awful.
So, are you and Sessions in favor of extending unemployment benefits?

Lets focus on jobs in this thread. Thats the thread topic.

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Huh. Didn't know that Obama was president since 1990.

Who knew?

Deflect! Deflect! Deflect!

 

[Kreton]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

I love this "job" discussions between the partisan blinds. It is funny to me how conservatives will call people on welfare lazy and cant get a job then love to bring up how Obama is killing jobs. Which is it? Liberals arent much better claiming that Obama is fixing the economy and creating jobs but we need more welfare!

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Hmmph.....well, that is a problem.
Let's just say that things were bad before Obama, but now.....now things are super-duper bad.

Why are democrat policies so prone to failure? How many more recovery summers do we need (the ones where Obama will not rest)?

 

[ALiberalModerate]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

While I think the lack of sufficient job growth is a huge problem, part of the decline in the labor force participation rate is due to aging baby boomers retiring and the generations replacing them (X and Y) not being as big.

 

[scatt]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

While I think the lack of sufficient job growth is a huge problem, part of the decline in the labor force participation rate is due to aging baby boomers retiring and the generations replacing them (X and Y) not being as big.

490,000 boomers retired?

 

[sangha]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

While I think the lack of sufficient job growth is a huge problem, part of the decline in the labor force participation rate is due to aging baby boomers retiring and the generations replacing them (X and Y) not being as big.

Who would have thought that declining birth rates and an aging population would lead to a decrease in the labor participation rate!! :shrug:

IOW, once again the right demonstrates an inability to "connect the dots"

 

[scatt]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Who would have thought that declining birth rates and an aging population would lead to a decrease in the labor participation rate!!

Is that what is was?

 

[Samhain]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

While I think the lack of sufficient job growth is a huge problem, part of the decline in the labor force participation rate is due to aging baby boomers retiring and the generations replacing them (X and Y) not being as big.

You would think that is the case, but it isn't. The workforce participation rate for people over 55 has been around 40% since 2009.

Non-farm job openings has been rising since the end of the recession, and currently sits around 4 million.

 

[ALiberalModerate]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

490,000 boomers retired?

Starting January 1, 2011, an average of 10,000 Baby Boomers a day started turning 65. Baby Boomers Retire | Pew Research Center

 

[ALiberalModerate]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

You would think that is the case, but it isn't. The workforce participation rate for people over 55 has been around 40% since 2009.

Non-farm job openings has been rising since the end of the recession, and currently sits around 4 million.

As I mentioned earlier, an average of 10,000 Baby Boomers hit retirement age a day now. Baby Boomers Retire | Pew Research Center

The economist has a really good article on the the job numbers here: America's jobs report: Both better, and worse, than it looks | The Economist

Not to say the numbers are not abysmal for December, but the picture is pretty complicated when you dig down into it.

 

[scatt]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Starting January 1, 2011, an average of 10,000 Baby Boomers a day started turning 65. Baby Boomers Retire | Pew Research Center

Was this backed into at a later date?

 

[Samhain]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

As I mentioned earlier, an average of 10,000 Baby Boomers hit retirement age a day now. Baby Boomers Retire | Pew Research Center

The economist has a really good article on the the job numbers here: America's jobs report: Both better, and worse, than it looks | The Economist

Not to say the numbers are not abysmal for December, but the picture is pretty complicated when you dig down into it.

The economist article states that while 347k were dropped from the workforce, 332k of that was discouraged workers.

 

[joG]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'
11:28 AM, JAN 10, 2014 • BY DANIEL HALPER

Alabama senator Jeff Sessions responds to the latest jobs report:

Jeff Sessions
"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

Income in the US is very high compared to other countries and pay cannot be above productivity indefinitely. The drain comes from many things . For instance the States cannot continue to pay for security its competitors live in without helping and who sometimes drive up the costs as did Germany in the case of Iraq or Croatia.

 

[ALiberalModerate]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Was this backed into at a later date?

What do you mean? You are being rather obtuse. Do you have an issue with math? The Baby Boomer Generation started in 1946. They started turning 65 in 2011. That is retirement age. Its been a concern for quite some time because they are the largest generation in American history, and thus as they leave the workforce and start drawing Social Security and Medicare benefits, the subsequent generations are not as large, and thus an additional financial strain results. Even if we had some miraculously booming economy, we would still see some decline in the labor force participation rate as the Baby Boomer generation hit retirement age and thus left the workforce.

 

[radioman]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Lets focus on jobs in this thread. Thats the thread topic.

Okay.
If the job situation is so bad, why don't GOPers support extended unemployment benefits?

 

[scatt]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

What do you mean?

Did they take this and back it into reality? They predict 300k a month, did they compare that with reality? Can they take the released numbers since 2011 and see if it holds true?

Okay.
If the job situation is so bad, why don't GOPers support extended unemployment benefits?

Did Obama say it was bad?

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

Okay.
If the job situation is so bad, why don't GOPers support extended unemployment benefits?

Again, stop deflecting from the topic. This isnt a wellfare thread, and the facts-while perhaps inconvenient to you-are what they are.

Heres a better question-why cant the democrat party, after 5 years, implement ANY demonstrably helpful policies? Surely more green jobs might help eh?

 

[US Conservative]

Re: Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

As I mentioned earlier, an average of 10,000 Baby Boomers hit retirement age a day now. Baby Boomers Retire | Pew Research Center

The economist has a really good article on the the job numbers here: America's jobs report: Both better, and worse, than it looks | The Economist

Not to say the numbers are not abysmal for December, but the picture is pretty complicated when you dig down into it.

The trend started well before 2011. Im sure its a factor, but the trend remains. Can we agree on this?