US jobless rate falls to 7.7 percent, a 4 year low, NBC reports - Page 4 - TigerDroppings.com

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RogerTheShrubber
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Juneau, AK
Member since Jan 2009
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


Lets have the same roster of posters when post holiday unemployment rises again.


Nah, they will disappear.






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DeltaDoc
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The Delta
Member since Jan 2008
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

The overall labor force participation rate is expected to decline for the remainder of the decade, projected to fall to 62.5% in 2020.[6] By the year 2020, the subpopulation of older adults in the United States is expected to reach 97.8 million people, comprising 28.7% percent of the entire U.S. population, a rise from the 24.7% in 2010.[6] This increase in proportion of older adults can be attributed to the entire Baby Boomer cohort joining the older adult population (ages 55+) by 2020.


How many of this months half million plus were baby-boomers?






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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30384 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Next we'll hear about how the death rate in our nation has dropped. It drops because the people who stopped living weren't counted as having died.





Brilliant!










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Duke
USA Fan
Gonzales, La
Member since Jan 2008
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


The trend will be overall downward, it's going to fluctuate. Not to mention the slowdown has caused older people to need to find work.





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davesdawgs
Georgia Fan
Georgia
Member since Oct 2008
16776 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

And another half million shredded from the work place. I want the employment rate to go down as much as anyone in the WAshington but not like this.



Yes, some of these are retirees but many are people who simply have not been able to find work in fields of study/areas of experience.






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JoBoo
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Ethiopian-American
Member since Jul 2005
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Sadly, Americans are so fricking stupid, they don't even understand that you need to know BOTH the unemployment rate as well as total employment participation.


ORLY? During the economic boom of the 1950's, the participation rate never got above 60%. In fact, the participation rate only got to current levels in 1979, before that, it was below (mostly well below) current levels.

So your assertion that a higher participation level is necessary for economic growth is unfounded.






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Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
29446 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

540k dropped out

Not exactly the way you want to recover, but par for the course lately


That's why the U3 is just a number. The only thing that's "recovering" is the U3 number. 146k is nothing - doesn't even keep up with new workers.






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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18458 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

This increase in proportion of older adults can be attributed to the entire Baby Boomer cohort joining the older adult population (ages 55+) by 2020.


I'm sorry, but aren't those that retire, then removed from any accounting of the labor force? Therefore there would be no add or subtract from the rate because they are no longer counted in statistics?






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stat19
Army Fan
Member since Feb 2011
11268 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


Because everyone knows, you can support a family on a gift wrappers salary at the mall.





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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

So your assertion that a higher participation level is necessary for economic growth is unfounded.
Had I asserted that, you might be correct.

I simply am pointing out that if you reduce the rate of unemployment via reduced participation, that aint exactly a win. Is this a problematic concept for you? Are you bad at math?

If one week, I have 20 workers and 2 aren't working, I have a 10% unemployment rate. If next week, 1 of those unemployed workers gives up, the rate is now sub 6%.

Do I need to hold your hand on this one?






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JoBoo
LSU Fan
Ethiopian-American
Member since Jul 2005
4567 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Had I asserted that, you might be correct.


You stated you need both. Well, you don't. So, yes you did assert that. That's the "need" part of your post.

Try again.






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Roaad
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Member since Aug 2006
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

540k dropped out
FORWARD!!!






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Zach
LSU Fan
Member since May 2005
63466 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


Don't know if this has been linked...
73% are govt jobs in last 5 months






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junkfunky
LSU Fan
Member since Jan 2011
13854 posts
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

The majority of posters on the Poli Board sound like Fox News and Conservative Talk! Totally out of Touch with Reality!


u suk at math






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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

You stated you need both. Well, you don't. So, yes you did assert that. That's the "need" part of your post.


I suspect you need to learn to read better.

I said you need to KNOW both numbers to properly evaluate the movements.

Let me reverse it for you. If there were a sudden huge spike in participation and tons of those folks got job, BUT, the "rate" went up because of the huge spike in participation, wouldn't rightly point out that there were positives in that info for Obama?

I would hope so.






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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Let me reverse it for you. If there were a sudden huge spike in participation and tons of those folks got job, BUT, the "rate" went up because of the huge spike in participation, wouldn't rightly point out that there were positives in that info for Obama?


I'd like to add that this is actually very likely to happen.

When economies start to turn around, many people who had previously given up re-enter the job market. Often, this creates a short term spike in unemployment. However, pretty much every economist on the planet recognizes that this spike actually is caused by renewed optimism among job seekers.

This bump is exceedingly common. Hence, again, proof you need to know both pieces of information.






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

ORLY? During the economic boom of the 1950's, the participation rate never got above 60%. In fact, the participation rate only got to current levels in 1979, before that, it was below (mostly well below) current levels.

So your assertion that a higher participation level is necessary for economic growth is unfounded.



So earlier in the thread it was retirees moving out of workplace, once that fallacy is shown incorrect you move onto to 1950's economics. The economy and what is needed in today's economy don't relate to the 50's. Society has moved to a dual household working relationship, many families rely on both incomes to support the life they have chosen and one proliferated by our Governments monetary policies.






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CP3LSU25
LSU Fan
Lafayette
Member since Feb 2009
35113 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


I was hoping the unemployment rose a lot. These people have to understand what they voted for.





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ironsides
LSU Fan
Nashville, TN
Member since May 2006
5919 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


Oh CP3 - if it makes you feel any better, the US Economy LOST over 400,000 jobs from October to November, so your intention is correct!

Of course, unless you were trying to be sarcastic, in which case massive fail - because you don't understand what the rate means and just took it at face value.






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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
4360 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

I'm not asking a rhetorical question here: do you two believe that this was a real reduction? Do you believe that over 500k dropping out of the labor force is a legitimate point or is politically hackish? Do you think that looking past the 7.7 number and digging in is somehow being intellectually dishonest?

Honestly, the drop of .1 is really insignificant. You need to follow the numbers over several months or even a year to get an accurate picture.

Having said that I am enjoying the meltdown from posters who believe that the numbers are cooked. They honestly believed that the 7.8 number was "rigged" and that the new number were going above 8.

I would like to hear more about the analysis of workers dropping out of the force. I know the definition but a lot of people talk about it as if it is more people just giving up on life and living in a hut somewhere. I think that the baby boomer retirements have a lot to do with it. My mother held off retirement for several years because she was concerned about their inability to sell their house in a down market. When they finally sold in late summer, she announced her retirement. Coincidentally, it became official just recently with her last day about a month ago.

But I would appreciate more evidence on the "dropping out" rates.






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