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Dismal Jobs Report - 74,000 non-farm Jobs Added
Posted on 1/10/14 at 8:38 am
Posted on 1/10/14 at 8:38 am
62.8% Job Participation rate, the lowest since 1978. This is one anemic recovery. And LONG.
Posted on 1/10/14 at 8:40 am to ynlvr
quote:
62.8% Job Participation rate, the lowest since 1978.
Its been this way for the past few years... That is the ONLY reason the unemployment % is dropping.
I think someone figured it out and if the participation rate was the same that it was in the 04/05 range when it was a "jobless recovery" at 5% unemployment, the number today would be in the 9-10% range
Posted on 1/10/14 at 12:32 pm to ynlvr
quote:
This is one anemic recovery. And LONG.
I dunno about that. I think the recovery is fine and jobless rates and job participation are poor indicators. Hell, the CEO of PIMCO said as much yesterday as well when he said he has no idea why people are focusing on jobs numbers anymore.
Times have changed. A lower paricipation rate is here to stay.
Posted on 1/10/14 at 1:26 pm to ynlvr
I also believe its here to stay, and continue a steady drop. Maybe "plateau" (or valley) in the high 50's.
It doesn't matter who's in the WH or congress. With technology and new work models, companies are getting by and making handsome profits with fewer employees than pre-recession.
It doesn't matter who's in the WH or congress. With technology and new work models, companies are getting by and making handsome profits with fewer employees than pre-recession.
Posted on 1/10/14 at 3:11 pm to ynlvr
quote:economy grew 3.5% and 4.1% last quarters
This is one anemic recovery. And LONG.
Posted on 1/11/14 at 2:04 am to ynlvr
quote:
This is one anemic recovery. And LONG.
I remember a poster on here--during the beginnings of the Great Recession--stating that we may not begin to see a turnaround until 2014. I can't believe how grimly correct his forecast was.
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