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Started By
Message
Unemployment falls to 6.3%
Posted on 5/2/14 at 8:27 am
Posted on 5/2/14 at 8:27 am
quote:
The 288,000 gain in employment was the biggest since January 2012 and followed a revised 203,000 increase the prior month, Labor Department figures showed today in Washington.
But here is the continuing issue and the cause for such steep drops
quote:
The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April. The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since 1978, from 63.2 percent a month earlier.
You add 288k to the labor force but take out another 800k and the unemployment rate goes DOWN
LINK
22
Posted on 5/2/14 at 8:30 am to Lsut81
quote:
You add 288k to the labor force but take out another 800k and the unemployment rate goes DOWN
I need me some rex spin!
Posted on 5/2/14 at 8:32 am to goatmilker
'Pubs can't stand to admit that the economy is firming even though all the numbers support it.
The Obama train didn't run off the tracks.
The Obama train didn't run off the tracks.
Posted on 5/2/14 at 8:32 am to Lsut81
It's math! 
This would be like a news story focusing on how well an airliner's black box performed and not mentioning the crash.
This would be like a news story focusing on how well an airliner's black box performed and not mentioning the crash.
This post was edited on 5/2/14 at 8:35 am
Posted on 5/2/14 at 8:33 am to biscuitsngravy
quote:
'Pubs can't stand to admit that the economy is firming even though all the numbers support it.
LOL
I hope this is sarcasm...
Posted on 5/2/14 at 8:36 am to Lsut81
If we could get a few million more to drop out the labor force, we could get the rate down to 5%.
It's doable.
Give Obama time, he'll get this thing fixed.
It's doable.
Give Obama time, he'll get this thing fixed.
This post was edited on 5/2/14 at 8:37 am
Posted on 5/2/14 at 8:38 am to biscuitsngravy
quote:
'Pubs can't stand to admit that the economy is firming even though all the numbers support it.
The Obama train didn't run off the tracks.
I guess you missed this tidbit.
quote:
You add 288k to the labor force but take out another 800k and the unemployment rate goes DOWN
This post was edited on 5/2/14 at 8:41 am
Posted on 5/2/14 at 8:40 am to Lsut81
what is the labor participation rate?
what will this minimum wage crap do to jobs?
what about the increase in requests for jobless benefits?
the effects of ACA have not truly taken hold...what happens when businesses decrease jobs as a result?
imagine oh imagine what the employment rates might look like of we were building a huge pipeline from canada to the gulf?
where are the shovel ready jobs?
the labor department is part of the executive branch of government , yes?
the departments that fall under the executive have never been dishonest under Obama have they?
1. State - Benghazi
2. Health - ACA lies about keeping programs and costs
3. IRS - Lois Lerner....nuff said...
i could go on but don't really need to...
what will this minimum wage crap do to jobs?
what about the increase in requests for jobless benefits?
the effects of ACA have not truly taken hold...what happens when businesses decrease jobs as a result?
imagine oh imagine what the employment rates might look like of we were building a huge pipeline from canada to the gulf?
where are the shovel ready jobs?
the labor department is part of the executive branch of government , yes?
the departments that fall under the executive have never been dishonest under Obama have they?
1. State - Benghazi
2. Health - ACA lies about keeping programs and costs
3. IRS - Lois Lerner....nuff said...
i could go on but don't really need to...
Posted on 5/2/14 at 8:41 am to biscuitsngravy
quote:
'Pubs can't stand to admit that the economy is firming even though all the numbers support it.
Sure, if you completely ignore the GDP and labor participation rate.
Essentially, all of the numbers show a great economy if you know nothing about those numbers.
Posted on 5/2/14 at 8:42 am to doubleb
quote:
If we could get a few million more to drop out the labor force, we could get the rate down to 5%.
Get women back out of the workforce; problem solved.
Posted on 5/2/14 at 8:44 am to Lsut81
quote:- In this 1978 Country & Western hit, John Conlee must have been prophetically singing about the way that this Administration looks at economic data.
these rose colored glasses, that I'm looking through
Show ooo.......nly the beauty, cause they hide all the truth,
Posted on 5/2/14 at 8:44 am to Lsut81
quote:
quote:
The 288,000 gain in employment was the biggest since January 2012 and followed a revised 203,000 increase the prior month, Labor Department figures showed today in Washington.
But here is the continuing issue and the cause for such steep drops
quote:
The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April. The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since 1978, from 63.2 percent a month earlier.
You add 288k to the labor force but take out another 800k and the unemployment rate goes DOWN
ok.. I'm gonna play devil's advocate here, but just for a short bit:
quote:
The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent
right now, we have a massive group of people retiring at my company.. like.. 15% of our workforce has retired in the last 3 months.. massive. The stock market is high, and people are finally retiring, this alone could skew the numbers a bit, and this could be a good thing (honestly).
Posted on 5/2/14 at 8:49 am to BaddestAndvari
quote:
and people are finally retiring,
Posted on 5/2/14 at 8:51 am to UncleFestersLegs
quote:
July '13
once again... the stock market is up now, and people are retiring now - not last summer
Posted on 5/2/14 at 8:52 am to Lsut81
quote:
You add 288k to the labor force
Poor bastards. That's a shitload of new job lock.
quote:
but take out another 800k
That's 800k enjoying funemployment.
quote:
and the unemployment rate goes DOWN
It's a portent of a new summer of recovery.
Posted on 5/2/14 at 8:53 am to Lsut81
quote:
You add 288k to the labor force but take out another 800k
Wow!
quote:
the unemployment rate goes DOWN
Well remove more people from the labor pool than comes in then your unemployment rate comes down.
A shrinking labor pool will have a negative effect on GDP. We are probably technically in a recession right now. The 1Q14 GDP number of 0.1% will get revised downward to a negative number and I expect 2Q14 GDP to be negative, especially with a shrinking labor pool.
2 consecutive negative GDP prints = technical recession.
Posted on 5/2/14 at 8:55 am to UncleFestersLegs
Just one more comment to add:
My Boss' annuity just got to a point he wanted it to be before he retired (been building back up since the crash). Him and the others that have retired in the last 3 months.. every single one of them retired because in March the numbers "were finally right".
My Boss' annuity just got to a point he wanted it to be before he retired (been building back up since the crash). Him and the others that have retired in the last 3 months.. every single one of them retired because in March the numbers "were finally right".
Posted on 5/2/14 at 8:55 am to Lsut81
quote:
March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April.
Holy shite! That is terrible news. I wonder if the media or the admin will touch on this aspect? I will bet everything i own, that the left will champion 6.3%.
These are the cases where labor participation rate is the key factor of true unemployment.
Posted on 5/2/14 at 8:56 am to BaddestAndvari
quote:
once again... the stock market is up now, and people are retiring now - not last summer
Show me a link to that graph reversing since then. I'll wait.
Posted on 5/2/14 at 8:57 am to BaddestAndvari
quote:
right now, we have a massive group of people retiring at my company.. like.. 15% of our workforce has retired in the last 3 months.. massive. The stock market is high, and people are finally retiring, this alone could skew the numbers a bit, and this could be a good thing (honestly).
It does skew things and it's good for the X-geners.
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