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Started By
Message
re: Unemployment rate falls to 4.6% lowest level in 9 years
Posted on 12/2/16 at 8:01 am to DyeHardDylan
Posted on 12/2/16 at 8:01 am to DyeHardDylan
quote:
Meanwhile, the labor force participation rate is the lowest since the 1970s and dropping rapidly.
10,000 Baby Boomers per day are turning 65.
Replacement workers are not keeping up from younger generations.
We are going to have a massive amount of people of retirement age and a much smaller workforce.
Do you think this is all because people are sitting home collecting welfare checks?
Look at the growing number of people who are retirement age. Consider the growing number of people who have figured out ways to not have to work either because they are working side jobs, living with others, in school, or are living off of the government in some way. How will we reform that?
It isn't a made up number. The workforce is shrinking and it is not all because there are people looking for work who can't find it anywhere. There are other reasons too.
2
Posted on 12/2/16 at 8:02 am to Eric Nies Grind Time
So Bush handed Obama a disaster, the worst recession since the Great Depression with the world economy on the brink of collapse. Obama hands Trump a 4.6 unemployment rate. This is great news, Trump can build on a greatly improved economy!
Keep American Great!
Make America Greater!
Keep American Great!
Make America Greater! 
Posted on 12/2/16 at 8:10 am to Eric Nies Grind Time
quote:
Unemployment rate falls to 4.6% lowest level in 9 years
Then why has government dependency reached an all time high under the Obama administration? LINK
This post was edited on 12/2/16 at 8:16 am
Posted on 12/2/16 at 8:16 am to AlaTiger
quote:
10,000 Baby Boomers per day are turning 65.
Replacement workers are not keeping up from younger generations.
We are going to have a massive amount of people of retirement age and a much smaller workforce.
Do you think this is all because people are sitting home collecting welfare checks?
Not completely accurate,
People age 18-34 (Millenials) are a larger part of our population than baby boomers.
Generation X 35-50 are also almost as large part of the population as the BB since us Boomers are dying off
Posted on 12/2/16 at 8:17 am to Eric Nies Grind Time
But, dat labor participation rate, doh?
This post was edited on 12/2/16 at 8:18 am
Posted on 12/2/16 at 8:18 am to AlaTiger
quote:
So, you are blaming the 2008 Economic Collapse on Obama???
Huh? Where did I do that? I'm blaming this dog shite recovery on Obama.
It is so utterly dishonest to brag about this sham of a number, when we all just watched dem party mates with eyes on the white house campaign for over a year on bringing jobs back. We see factories closing, record high food stamps, and entitlements. We see record numbers of people giving up on employment altogether.
Even if it were a success (it isnt), dems should be chided for missing their own job creation goals so badly. He said he would add 10 million jobs in his first term, and he couldn't manage that in 8 years. That's success?
Posted on 12/2/16 at 8:18 am to Loserman
quote:And putting off retirement working much later in life..
Boomers are dying off
Posted on 12/2/16 at 8:24 am to AlaTiger
Retirees are not counted in the labor force per bls and millenials are a larger population subset than boomers. Nice try though.
This post was edited on 12/2/16 at 8:27 am
Posted on 12/2/16 at 8:24 am to WylieTiger
quote:
What pool is this percentage drawn from? I'm sure there are plenty of out of work, able bodied individuals not factored i
It only counts people who file for unemployment and are looking for work.
Labor force participation rate is what you are looking for (and makes sense), and it is lower than its been since the 70s I believe
This post was edited on 12/2/16 at 8:29 am
Posted on 12/2/16 at 8:27 am to GurleyGirl
quote:
Then why has government dependency reached an all time high under the Obama administration
Because his strategy to lower unemployment is to make people stop looking, not make people find jobs. Both are equally effective towards the unemployment percentage.
Posted on 12/2/16 at 8:35 am to Vacherie Saint
quote:
Retirees are not counted in the labor force per bls and millenials are a larger population subset than boomers. Nice try though.
True. There is a correlation there between those workers who are older and for whatever reason are not choosing to look for work any longer. It isn't all because jobs dried up and there are no jobs to be had. I know A LOT of people in their 50s and 60s who just don't work - or they work some. I have no idea how they make it, but they do.
Posted on 12/2/16 at 8:42 am to AlaTiger
quote:
So, you are blaming the 2008 Economic Collapse on Obama???
Nope.
Bill Clinton.
Posted on 12/2/16 at 8:44 am to Vacherie Saint
quote:
Retirees are not counted in the labor force per bls and millenials are a larger population subset than boomers. Nice try though.
Yeah, but millenials are staying in school longer than any other generation, which keeps them out of work for additional years.
Posted on 12/2/16 at 8:46 am to AlaTiger
quote:
True. There is a correlation there between those workers who are older and for whatever reason are not choosing to look for work any longer. It isn't all because jobs dried up and there are no jobs to be had. I know A LOT of people in their 50s and 60s who just don't work - or they work some. I have no idea how they make it, but they do.
So you admit that you are fos. Ok, now that we have that out of the way... the baby boomers are a poor base for your argument. First of all, the youngest boomers are already in their mid 50'S. Most are retired or dead. Second, if you are 50 and unemployed, what work will you do? It's not easy to change careers at that age and manual labor is usually not an option at 52. These people built their careers in the era of pensions, thrift plans, and retiring at 50. They arent going to work at McDonalds just to supplement their retirement nest egg -- they'd rather day trade or simply scale back. The tiny sliver of the labor force that are boomers don't explain away any of this mess.
This post was edited on 12/2/16 at 8:48 am
Posted on 12/2/16 at 8:50 am to DyeHardDylan
quote:It has actually been pretty level for about 3 years now, as expected. Not that facts matter to people who hate Obama.
Meanwhile, the labor force participation rate is the lowest since the 1970s and dropping rapidly.
Posted on 12/2/16 at 8:56 am to Eric Nies Grind Time
Trump hasn't even taken office yet and he's already strong armed a company to stay here and the unemployment rate is MAGA'ing.
Posted on 12/2/16 at 8:58 am to Vacherie Saint
quote:It counts everyone over 16. How many times are we going to have to go over this?
Retirees are not counted in the labor force per bls and millenials are a larger population subset than boomers. Nice try though.
Posted on 12/2/16 at 9:03 am to Eric Nies Grind Time
So President elect Trump has knocked the number down with all the jobs he's saved and he hasn't even been sworn in yet!!!!!!!!!!!!!!
But seriously the numbers we really need to watch are how many Americans are working, and how many get off food stamps and disability.
Right now we have so many out of the workforce, and who have given up looking for work and too many drawing govt. assistance.
But seriously the numbers we really need to watch are how many Americans are working, and how many get off food stamps and disability.
Right now we have so many out of the workforce, and who have given up looking for work and too many drawing govt. assistance.
Posted on 12/2/16 at 9:05 am to Eric Nies Grind Time
quote:
Beat out economists 4.9% prediction
I don't understand how we can have a 4.9% unemployment rate, and yet have the lowest labor participation rate in 40 years, highest number of individuals on food stamps in the history of this country, declining middle class, and an ever widening "wage" gap at the same time. One of those outliers is full of shite. I'll let you decide.
Posted on 12/2/16 at 9:06 am to AlaTiger
quote:
I'm not saying it was Bush's fault - I voted for him twice and would much rather have had him over Obama. I never voted for Obama. But, you can't blame what happened in 2008 and 2009 on Obama. You just can't.
But you can blame for squandering trillions of dollars in the faux-recovery he tried to orchestrate.
That will be his legacy. He failed in several tries to stimulate the economy, and all the money he borrowed to do that has left us deeper and deeper in debt.
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