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re: 12 hours until December unemployment and jobs reports - guesses?
Posted on 1/10/14 at 2:07 pm to S.E.C. Crazy
Posted on 1/10/14 at 2:07 pm to S.E.C. Crazy
Oh so now it's 45 year lows 
1
Posted on 1/10/14 at 2:08 pm to BugAC
quote:Yep. Which is why he still hasn't attempted to actually describe why he was in error. He doesn't know.
No you weren't. You got caught, and then you tried to defend it for 2 pages.
Posted on 1/10/14 at 2:10 pm to GumboPot
quote:
Right. But I think there are two general causes. One is political and one is structural. The political cause is Obama's policies, the largest being Obamacare. It is forcing businesses to pile resources into meeting that regulation instead of reinvestment. The second is the retirement of the baby boomer generation. The baby boomer generation is a large population of employed people leaving the work force.
I tend to agree. I wasn't suggesting it was ALL Obama's "fault," just that it is pretty astounding to think about.
Posted on 1/10/14 at 2:11 pm to Powerman
Typo , 35 year lows.
Posted on 1/10/14 at 2:13 pm to SettleDown
Please. I could probably take most of you to school on math.
As I've stated the simple equation would be to multiply the employment figure by the participation rate if you were looking for a 1:1 comparison
That's the clearest way to get the picture of the % of the populace employed
As I've stated the simple equation would be to multiply the employment figure by the participation rate if you were looking for a 1:1 comparison
That's the clearest way to get the picture of the % of the populace employed
Posted on 1/10/14 at 2:17 pm to Y.A. Tittle
quote:Yip. But you're only concerned because of racism.
Damn, so we're basically approaching the workforce percentage level now of the time before women began entering the workforce en masse?
Posted on 1/10/14 at 2:18 pm to Taxing Authority
quote:
Yip. But you're only concerned because of racism.
And please ignore the fall of 2008 also.
Posted on 1/10/14 at 2:44 pm to Powerman
quote:
Please. I could probably take most of you to school on math.
Posted on 1/10/14 at 2:51 pm to NHTIGER
Wow CNN, good job at burying this story. You really have to look hard on the CNN homepage to find anything relating to this story.
Posted on 1/10/14 at 3:46 pm to Jarlaxle
That chart is interesting. So, retirees are getting back in to the work force, but why? Probably because they need to supplement their retirement or maybe boredom. But I think there is another reason. That is, businesses cannot find qualified people to do the jobs experienced folks can do and they are being called back to the workforce and some are accepting.
Posted on 1/10/14 at 3:50 pm to GumboPot
quote:Maybe. But it seems participation by older folks is one of the few on the rise. A good question would be are they delaying retirement for economic reasons? Donno.
The baby boomer generation is a large population of employed people leaving the work force.
Posted on 1/10/14 at 3:51 pm to Powerman
quote:To be fair UE rate was going up in 2008. Not down.
And please ignore the fall of 2008 also.
This post was edited on 1/10/14 at 3:52 pm
Posted on 1/10/14 at 3:53 pm to Taxing Authority
quote:
To be fair UE rate was going up in 2008. Not down.
Right. What happened in 2008 again? I forget. All I hear about here is how awesome it was to have low gas prices at the end of the year.
Posted on 1/10/14 at 3:57 pm to Powerman
quote:I have no idea what your fascination with 2008 is. Or how it refutes where we are today with participation rates.
Right. What happened in 2008 again? I forget. All I hear about here is how awesome it was to have low gas prices at the end of the year.
Posted on 1/10/14 at 3:58 pm to GumboPot
quote:
So, retirees are getting back in to the work force, but why?
I have noticed this in retail stores. Older employees who should be retirement age working part time jobs.
Is it to make up for medication costs?
Inflation that their retirement cant cover?
Dependents still living at home who should be out on their own?
The collapse of savings rates due to the artificially low interest rates the fed is supporting?
Posted on 1/10/14 at 3:58 pm to Taxing Authority
If you want to look at participation rates as the only metric of the economy be my guest
But 2008 was a shite storm. Arguably the biggest shite storm since the great depression. And we're on more sound footing now than we were then. Or do you disagree with that?
But 2008 was a shite storm. Arguably the biggest shite storm since the great depression. And we're on more sound footing now than we were then. Or do you disagree with that?
Posted on 1/10/14 at 4:03 pm to Jarlaxle
quote:This may be a significant factor given the high UE rates for 18-34 (prime household formation years).
Dependents still living at home who should be out on their own?
I heard a retirement advisor he other day sayings he advice he gives out the most: "Stop giving your adult children money".
Scary stuff. Dependency is the new black.
Posted on 1/10/14 at 4:05 pm to Powerman
quote:Disagree.
And we're on more sound footing now than we were then. Or do you disagree with that?
1) Most of the jobs gained now are part time, and in the service field
2) Labor rate lower than 2008
3) Fed pumping is making fat cats on WS rich, little people have fared little better since 2008.
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