932,000 Americans dropped out of labor force in October. | TigerDroppings.com

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CptBengal
USA Fan
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Member since Dec 2007
40663 posts

932,000 Americans dropped out of labor force in October.



quote:

the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.


LINK



This post was edited on 11/8 at 10:25 am



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AlaTiger
LSU Fan
Member since Aug 2006
14037 posts
 Online 

re: 932,000 Americans dropped out of labor force in October.


So, how far did the unemployment rate drop this month? Are we under 7% yet?

Eventually, unemployment will be zero and no one in America will have a job. It will be perfect!!!






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weagle99
Member since Nov 2011
12668 posts

re: 932,000 Americans dropped out of labor force in October.


But I literally just heard CBS Radio touting how unemployment was improving.





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Vlad The Inhaler
Colorado State Fan
Moose Jaw, SK
Member since Sep 2008
3145 posts

re: 932,000 Americans dropped out of labor force in October.


GMA went straight to the shutdown as the problem. Everything was about to click and then, the teabagger shutdown. Amiright?





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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1880 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

But I literally just heard CBS Radio touting how unemployment was improving.


If more people stop looking for jobs, the unemployment rate drops.






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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
10040 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

932,000 Americans dropped out of labor force in October.



Now 3,134,000 have dropped out since Obama's reelection last November.






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jamboybarry
LSU Fan
I Putt Out
Member since Feb 2011
11574 posts

re: 932,000 Americans dropped out of labor force in October.


Summer of Recovery





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THRILLHO
New Orleans Pelicans Fan
New Orleans, LA
Member since Apr 2006
35366 posts
 Online 

re: 932,000 Americans dropped out of labor force in October.


quote:

At this pace the people out of the labor force will surpass the working Americans in about 4 years.




We fricked.






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mauser
LSU Fan
Bunkie
Member since Nov 2008
4843 posts

re: 932,000 Americans dropped out of labor force in October.


And some of those dem idiots want to raise the minimum wage to $10 and some to $15 and hour.





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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7135 posts

re: 932,000 Americans dropped out of labor force in October.


One of he things that amazes me over the last 5 years is how many Americans have been convinced that having a terrible economy is the new norm and can't be changed.





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weagle99
Member since Nov 2011
12668 posts

re: 932,000 Americans dropped out of labor force in October.


This is how the information was presented by CBS just now:

CBS guy announces the numbers and says unemployment rose.

Government guy then is given a few seconds on air to explain how the government shutdown probably caused this.

CBS guy introduces an economist.

Economist says the hiring is a sign of momentum in the labor market.

IT IS ALL PROPAGANDA FOLKS.



This post was edited on 11/8 at 11:08 am


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Wild Thang
USA Fan
10-7 Superbowl!!!!!
Member since Jun 2009
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re: 932,000 Americans dropped out of labor force in October.


5th Summer of Recovery!!!!!

We moving Forward!!






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RedStickBR
LSU Fan
Member since Sep 2009
10045 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

So, how far did the unemployment rate drop this month? Are we under 7% yet?


It didn't. It ticked up.






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deltaland
Mississippi St. Fan
Member since Mar 2011
24786 posts
 Online 

re: 932,000 Americans dropped out of labor force in October.


Looking at a wide variety of factors and events going on, this country is headed to a Great Depression level of pain. And its gonna be soon rather than later





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Brightside Bengal
New Orleans Saints Fan
Uptown
Member since Sep 2007
2655 posts
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re: 932,000 Americans dropped out of labor force in October.


Is there anywhere in those stats where we can quantify how many of the 932K were legitimate dropouts by people retiring?





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idlewatcher
LSU Fan
Houston
Member since Jan 2012
9887 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

It didn't. It ticked up.


pretty sure he was being sarcastic






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
32682 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

And some of those dem idiots want to raise the minimum wage to $10 and some to $15 and hour.


I'm ready for it to be $500, everyone is a millionaire - probablem solved.






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
23250 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

Is there anywhere in those stats where we can quantify how many of the 932K were legitimate dropouts by people retiring?
No where near that many. Net worker population growth (new entries-retirees) is ~125k/mo. And the 55+ is the fastest growing employment age group....






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
32682 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

Is there anywhere in those stats where we can quantify how many of the 932K were legitimate dropouts by people retiring?


I know that Social Security doesn't account for everyone who has retired (and includes some who are disabled), but that number has been averaging about 150k (give or take) for a while (and 140k was the number for September 2013).

So, no more than 1/5 of that 932k were retirees - and probably closer to 1/6.







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EZE Tiger Fan
Member since Jul 2004
24081 posts

re: 932,000 Americans dropped out of labor force in October.


quote:

932,000 to be exact


Sweet! More people on the tit!






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