• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

ECONOMY Jobs Report: U.S. Adds 288,000 Jobs; Unemployment Rate Drops to 6.3%

I wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.
 
Wow...everything looks great.

Errr...wait a minute...

the number of employed in America actually dropped last month by 73,000.

And the Labor Force Participation Rate (LFPR) plummeted 0.4 down to 62.8%...over 800,000 people left the labor force.

Employment Situation Summary Table A. Household data, seasonally adjusted


Always look at the fine print...and never trust a headline.
 
DA60 said:
Wow...everything looks great.

Errr...wait a minute...

the number of employed in America actually dropped last month by 73,000.

And the Labor Force Participation Rate (LFPR) plummeted 0.4 down to 62.8%...over 800,000 people left the labor force.

Employment Situation Summary Table A. Household data, seasonally adjusted


Always look at the fine print...and never trust a headline.
Click to expand...

I was just going to note this, as follows:

The civilian labor force dropped by 806,000 in April, following an increase of
503,000 in March. The labor force participation rate fell by 0.4 percentage
point to 62.8 percent in April. The participation rate has shown no clear trend
in recent months and currently is the same as it was this past October. The
employment-population ratio showed no change over the month (58.9 percent) and
has changed little over the year. (See table A-1.)
 
If you aint making $20 an hour, and getting at least 50 hours per week, you might as WELL be unemployed, cause what's happening is you are slowly starving to death. and that's about 3/4 of of the US population. That's WITHOUT a dependent wife or kids. With a couple of kids, you AND your wife better be grossing 100k per year, each. Or you HAVE to be either sucking the govt teat for the kid's education (a very poor one) or you are in other ways not raising the kids properly/not adequately preparing for your retirement/healthcare.
 
Btw, comparing April to March, 2014...there are

- 24,000 less 16-19 year olds working
- 26,000 less 20-24 year olds working
- 209,000 less 25-54 year olds working

However, there are 174,000 more over-55 year olds working.

Table A-9. Selected employment indicators
 
There was - by over 800,000.

However you have to realize since we've dumbed down America very few can do the math to understand that's a far greater impact on the stated "rate" then the new jobs created.


CanadaJohn said:
I wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.
Click to expand...
 
FAIL: I make 19 an hour and work 20 hours a week. With that I save for retirement and live the lifestyle I enjoy.


ginwood said:
If you aint making $20 an hour, and getting at least 50 hours per week, you might as WELL be unemployed, cause what's happening is you are slowly starving to death. and that's abou

t 3/4 of of the US population. That's WITHOUT a dependent wife or kids. With a couple of kids, you AND your wife better be grossing 100k per year, each. Or you HAVE to be either sucking the govt teat for the kid's education (a very poor one) or you are in other ways not raising the kids properly/not adequately preparing for your retirement/healthcare.
Click to expand...
 
DA60 said:
Btw, comparing April to March, 2014...there are

- 24,000 less 16-19 year olds working
- 26,000 less 20-24 year olds working
- 209,000 less 25-54 year olds working

However, there are 174,000 more over-55 year olds working.

Table A-9. Selected employment indicators
Click to expand...

How much do you want to bet that those over 55 are taking part time positions?
 
If we could just get all these stubborn job-seekers to stop applying for jobs, we could get that unemployment rate to 0% in no time.

Jerks.
 
ginwood said:
If you aint making $20 an hour, and getting at least 50 hours per week, you might as WELL be unemployed, cause what's happening is you are slowly starving to death. and that's about 3/4 of of the US population. That's WITHOUT a dependent wife or kids. With a couple of kids, you AND your wife better be grossing 100k per year, each. Or you HAVE to be either sucking the govt teat for the kid's education (a very poor one) or you are in other ways not raising the kids properly/not adequately preparing for your retirement/healthcare.
Click to expand...

I can tell from your comments above that you must be a teenager or early 20s, likely still in school, with zero concept of what living on your own in the real world is all about. To think that you need a gross income of $200,000 a year to be able to afford to have a family is just asinine unless you spend like a drunken sailor with an incredible "me-now" instant gratification mentality. Young people coming out of school these days think they can demand 6 figure salaries as an entitlement of breathing, with a nice condo and a BMW and lots of vacations and nice clothes, etc. etc. It's all about expectations in life and yours seem a little high.
 
1) What kind of jobs were these people hired for?

2) Are these newly created jobs or refills?

3) Are these just temporary or seasonal jobs?

4) What was the average starting wage? Full or part time?

5) Do these jobs include benefits such as health insurance?
 
CanadaJohn said:
I can tell from your comments above that you must be a teenager or early 20s, likely still in school, with zero concept of what living on your own in the real world is all about. To think that you need a gross income of $200,000 a year to be able to afford to have a family is just asinine unless you spend like a drunken sailor with an incredible "me-now" instant gratification mentality. Young people coming out of school these days think they can demand 6 figure salaries as an entitlement of breathing, with a nice condo and a BMW and lots of vacations and nice clothes, etc. etc. It's all about expectations in life and yours seem a little high.
Click to expand...

Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! :lamo: How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie :lol: I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it! :eek:

Greetings, CJ. :2wave:
 
polgara said:
Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! :lamo: How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie :lol: I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it! :eek:

Greetings, CJ. :2wave:
Click to expand...

I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

Hi ya polgara! :2wave: Hope all is well with you.
 
eohrnberger said:
I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

Hi ya polgara! :2wave: Hope all is well with you.
Click to expand...

Great day so far, Erik! Sun keeps hiding behind the clouds from time to time, and rain is predicted, but I can always find something that must be tackled to live in relative comfort indoors! Like baking? :yes: Scrubbing floors? :no: ... :lamo:

Greetings, Erik! :2wave:
 
polgara said:
Many moons ago, when I started my first job, I remember saying - because I'm still teased about it - that if I ever made $15,000 a year, I'd have to quit my job, because nobody was worth that much money as a secretary! :lamo: How times change, but I thought I'd be rich earning $15,000 annually, since money did buy much more back then! Now they are demanding at least $45,000 to start, at least here in Ohio.

I did eventually get a college degree, because I was told I must do if I expected to be promoted to a higher level job, so looking at the handwriting on the wall, and being a smart cookie :lol: I did it. The hard part was having to work full time in addition to going to college both at night and on weekends, but I chose a killer schedule and finished a five-year education in three and a half years, graduating cum laude. And the Company paid for it since I maintained a 3.5 average! win-win I've never regretted it, either, although it took years for me to catch up on all the sleep I lost doing it! :eek:

Greetings, CJ. :2wave:
Click to expand...

Good afternoon Lady P.

You have a similar history to mine, in that I finished my degrees while working full time and had my employer pay for a lot of my later education - it was one of the benefits of the job. It wasn't easy - nothing much worth having ever is - but after two years full time in university I was so tired of school I just had to get out in the real world and start my life. I don't get how some people continue attending school into their late 20's early 30's as is school is a career.

Anyway, it was nice to hear your story and that it worked out for you - now that I'm retired, I get all the stress free sleep I need!!
 
eohrnberger said:
I'm suspecting that $15K back then would have bought more stuff of greater quality and value than $45K now a days. Such is inflation. Darnedest thing about that, the mechanism that the government measures it seems to miss the things that people buy that are getting more and more expensive, like milk and meat (with forecasts showing a marked increase in both for the rest of the year BTW).

Hi ya polgara! :2wave: Hope all is well with you.
Click to expand...

The big inflators here in Toronto Canada these days are all the energy fields - electricity, natural gas, gasoline - and housing costs. Back when $15,000 was a good salary, you could buy a new car for about $3,000 and a new house for about $25,000 - try buying either one for less than your annual salary now or just above it!!
 
Last edited:
CanadaJohn said:
The big inflators here in Toronto Canada these days are all the energy fields - electricity, natural gas, gasoline - and housing costs. Back when $15,000 was a good salary, you could buy a new car for about $3,000 and a new house for about $25,000 - try buying either one for less than your annual salary now or just above it!!
Click to expand...

My how things have changed. Now, you can't get a decent car for less than $25K (although there are econo-boxen to be had for less than $20K), and houses are easily multiple years worth of income, even if you're DINK.

All sounds like the middle-class marching backwards that we've heard so much about. Only way to fix that is to drive the job demand through the roof, and having the job market dictate premium salaries, kinda like it was back in the go-go 90's.
 
mbig said:
Unemployment down to 6.3%
288,000 New Jobs, but 800,000 leave labor force.
Some of the gain due to pent up demand after cold winter.

Jobless rate hits 5-½ year low, here’s why no one’s happy
By Jeff Macke
4 Min Video
http://finance.yahoo.com/blogs/brea...low--here-s-why-no-one-s-happy-140324165.html

another short topical vid follows saying no gain in hourly wages either
Click to expand...

It's not just the LFPR...the number of employed in America (according to the BLS) actually dropped by 73,000.
 
CanadaJohn said:
I wanted to check to see if there was another drop in the labour force but your source is a paid subscription one - oh well.
Click to expand...

1 million dropped out of the labor force. The only job gains were in the 55-69 age group. Lots of jobs lost in the younger age groups.
 
Sure is an employers market. A couple engineering buddies are having a hard time finding job upgrades even due to the heavy experience/certificate requirements. Basically locks out any newcomers.
 
You must log in or register to reply here.
Back
Top Bottom