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Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
 
It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....
 
That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.

It's been declining since 2000. But why do you think that's a problem?
 
Yes it is, expect the usual suspects to try to minimize the good news...
 
Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

I know, I know... it's only true if it's bad news Obama.

To those of us that are not abject Obama haters, this is fantastic news!

Duh! They always cook the books just before an election.

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To those of us that are not abject Obama lovers, this is a number they never mention!

How do you like this number from the same Bureau of Labor Statistics ?



Bureau of Labor Statistics Data

Data extracted on: October 3, 2014 (9:04:56 AM)

Labor Force Statistics from the Current Population Survey

Series Id: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over


latest_numbers_LNS11300000_2004_2014_all_period_M09_data.gif
 
It's been declining since 2000. But why do you think that's a problem?

Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.
 
It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....

Good Point!

-----------------------------------


Bureau of Labor Statistics Data


Data extracted on: October 3, 2014 (9:23:40 AM)

Employment Cost Index

Series Id: CIU1010000000000A (B,C)
Not seasonally adjusted
Series Title: Total compensation for All Civilian workers in All industries and occupations, 12-month percent change
Ownership: Civilian workers
Component: Total compensation
Occupation: All workers
Industry: All workers
Subcategory: All workers
Area: United States (National)
Periodicity: 12-month percent change


CIU1010000000000A_1428270_1412343172082.gif

Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
2004 3.7 3.8 3.8 3.7
2005 3.6 3.2 3.0 3.1
2006 2.8 3.0 3.3 3.3
2007 3.5 3.3 3.3 3.3
2008 3.3 3.1 2.9 2.6
2009 2.1 1.8 1.5 1.4
2010 1.7 1.9 1.9 2.0
2011 2.0 2.2 2.0 2.0
2012 1.9 1.7 1.9 1.9
2013 1.9 1.9 1.9 2.0
2014 1.8 2.0
B : Includes wages, salaries, and employer costs for employee benefits.
C : See Footnote C on Employment Cost Index Footnote Page.



Series Id: CIU2020000000000A
Not seasonally adjusted
Series Title: Wages and salaries for Private industry workers in All industries and occupations, 12-month percent change
Ownership: Private industry workers
Component: Wages and salaries
Occupation: All workers
Industry: All workers
Subcategory: All workers
Area: United States (National)
Periodicity: 12-month percent change


CIU2020000000000A_1428270_1412343172166.gif

Download: Download as an Excel File
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
2004 2.6 2.7 2.6 2.6
2005 2.7 2.5 2.3 2.5
2006 2.4 2.8 3.0 3.2
2007 3.6 3.3 3.4 3.3
2008 3.2 3.1 2.9 2.6
2009 2.0 1.6 1.4 1.3
2010 1.5 1.6 1.6 1.8
2011 1.6 1.7 1.7 1.6
2012 1.9 1.8 1.8 1.7
2013 1.7 1.9 1.8 2.1
2014 1.7 1.9
B : Includes wages, salaries, and employer costs for employee benefits.
C : See Footnote C on Employment Cost Index Footnote Page.
 
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Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.

You're thinking of the Employment-Population ratio...which didn't change. The Labor Force is Employed PLUS Unemployed...and it's the number of Unemployed who went down.
 
Yes it is, expect the usual suspects to try to minimize the good news...

No just taking it it context.

Personally, before I go and vote, I want to know the real story not one fabricated from cherry picked data.
 
Duh! They always cook the books just before an election.

So why did they cook the books to make the Labor Force Participation rate lower? It seems odd that you claim cooking the books but then cite the very same people as support for your position.
 
That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.

That is certainly an original response! :lol:
 
It's been declining since 2000. But why do you think that's a problem?


I know you're being facetious and sarcastic with your comment, but it makes one ponder... What will happen to the job market when the President makes all the new illegal democrat voters, oops I mean immigrants, in to take the jobs, driving down wages, and then have to be counted in the tallies?
 
I LOVE IT !!

If this was President Romney, the right would be celebrating on the street and building monuments to Romney. Regardless who is the president, this is great news for the country when we need it.
 
All this means, is that more people stopped looking for a job.

Where does it say that?

The civilian labor force participation rate, at 62.7 percent, changed little in
September. The employment-population ratio was 59.0 percent for the fourth
consecutive month.
 
All this means, is that more people stopped looking for a job.

damn, and i thought it expressed a reality that the percentage of those seeking employment had declined

i strongly suspect that had this percentage increased, you would have been in a thread castigating Obama for that indicator of economic decline
 
I'm surprised that no one here connected the dots for a decrease in unemployment. Congress refused to extend unemployment benefits as they have in the past few years. As people's unemployment benefits run out, they start looking for a job and all of sudden aren't so picky at what they will take which coincides with the disappointing wages and an average workweek of 34 hours also stated in the OP article of new jobs.
 
I'm surprised that no one here connected the dots for a decrease in unemployment.

Yeah, it couldn't have anything to do with a stronger overall economy, higher profit margins for employers, increased private domestic investment, etc....
 
Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.

Those who drop out drop out because they have some other means of support, or maybe because they simply don't desire to work anymore.

Like retirees, parents who home school their children, etc.

As our productivity per hour continues to increase, our economy will need fewer and fewer workers to produce the same amount or even more goods. This decline in lfpr is much more a sociology issue than it is an economic issue. The positive thing about it is that it frees up jobs for those of us who actually need to work to support ourselves. And as our lfpr further declines, it tightens the labor market so that employers have to start competing harder for workers, and wages go up.

Once the unemployment rate drops below 5%, wage increases should start exceeding inflation.
 
If Obama made it rain cookies some people on the right would complain about a milk shortage. :roll:

Top 3 excuses

1) People not looking for a job anymore

2) People are not making what they use to

3) BENGHAZI !!!!!!!!
 
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