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The participation rate, which indicates the share of working-age people working or looking for a job, decreased to 62.8 percent from 62.9 percent in January.
lolStill just juking the stats
The rate is calculated no different now then it has been for the last couple of decades. So there are no shenanigans going on with the rate.
That said these are solid job gains. After 2008 I never thought we'd see the rate anywhere near 5% again.
lol
Yes, employment can't possibly improve while a Democrat is President. It's unpossible!
Big jump in employment rates, almost no drop in the labor force participation rate. Wages are still flat, but otherwise it's a very good sign. Q1 may be impacted by bad weather again, but otherwise I for one am looking forward to more good news in the months to come.
The rate is calculated no different now then it has been for the last couple of decades. So there are no shenanigans going on with the rate.
That said these are solid job gains. After 2008 I never thought we'd see the rate anywhere near 5% again.
Still just juking the stats
I don't think I believe gov't statistics.
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=baby+boomersThe excuse of the baby boomer retirement has passed since a big chunk of baby boomers are older than 65...
Still just juking the stats
Maybe it's the Republican controlled Congress that we should be thanking in addition to President Obama.
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=baby+boomers
BB years : 1946 through 1964 => 18 years
2015 - 65 = 1950
It seems that the first four out of 18 years has hit 65.
It seems that three quarters of the years available to be born a baby boomer could leave you less than 65.
http://www.census.gov/prod/2014pubs/p25-1141.pdf
The baby boomersbegan turning 65 in 2011 and are now driving growthat the older ages of the population. By 2029, when allof the baby boomers will be 65 years and over, morethan 20 percent of the total U.S. population will be overthe age of 65.
:shrug:
It can, it improved a lot when Clinton was president.
The fact is that the unemployment rate can give a false picture because of the strict definition of it. People who were so discouraged they have stopped looking for work make the unemployment number look good but they haven't rejoined the workforce as the labor participation rate shows.
This pretty much tells the whole story. The labor participation rate should actually be higher now with many more single parent households but it continues to drop. The excuse of the baby boomer retirement has passed since a big chunk of baby boomers are older than 65 and they would not be included in the rate working or not.
Good luck with that in 2016. Complaining that baby boomers are retiring, students are staying in school, and more women are staying home to raise young children won't do much to convince voters to turn against policies that have brought the economy back from the brink of the disaster it was nearly pushed into by deregulation of the financial sector.
The relatively low LFPR, combined with a growing belief among economists that the natural unemployment rate (NAIRU) in the US may now be as low as 4%, will allow the Fed to hold off on raising interest rates. We are now six years into a twenty-year expansion … if we can avoid screwing things up.
The only thing that the lfpr proves is that fewer Americans are having to work. I don't know that that's a bad thing. I wish I didn't have to work. It has nothing to do with the economy.
Exactly what have republicans done to lower the unemployment rate?
I don't think that we should be thanking anyone other than the American economy.
Maybe it's the Republican controlled Congress that we should be thanking in addition to President Obama.
i forgot that it was jobs report Friday.
let the celebrating begin!
or
DEBUNK-O-RAMA!!!!!!!!!!!!11111111111ONEONEONEONEONE
:lol::lol:
Nope. On the day Obama was inaugurated the GOP held a meeting where they promised opposition to Obama's economic policies, and they stuck to it. 8 days later the House Republicans voted a unanimous no to Obama’s economic stimulus plan.
Even though millions of people were losing their jobs and homes the GOP put politics and party ahead of those people and did all they could to hinder economic growth. So to hell with them.
With a few gratuitous Grubers thrown in!