Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

DA60 · Oct 9, 2014

The latest figures from the BLS show hiring's in August - the last month reported - are down over 300,000.

Job Openings and Labor Turnover Survey News Release

Plus, looking at the stock markets...the DOW is now up YTD (year to date) less then 2% (and is getting hammered so far today - down over 300), the Russell 2000 is down YTD about 7%. So the markets are stalling/retreating.

Hiring is down, markets are falling; why?

Easy (imo)...QE is ending and Europe and Japan are falling fast.

Like I have said many times, all this neo-Krynesian nonsense does is increase debt, make the rich richer and stagnate the economy in the end by getting it almost totally dependent on the government teat.

poweRob · Oct 9, 2014

apdst said:
Oh, is that what happened? :roll:

Coal Plants Affected by EPA Regulations

Yes... It is what's happening.

Shale Gas Takes On Coal To Power America's Electrical Plants - Forbes

Or... If you prefer your own site....

http://www.governing.com/news/headlines/kentucky-suffers-as-america-moves-away-from-coal.html

Tripped across this just from reading your link. Guess your own site disproves your own assertions.

Fenton · Oct 9, 2014

iliveonramen said:
Wow...you just throw out everything you can and wait to see what sticks don't you?

Being honest about Californias REAL economic and financial issues is " throwing out everthing " ?

Here's the problem with covering up reality with Politically motivated BS.

It marginalizes those who continue to suffer economically.

DA60 · Oct 9, 2014

DA60 said:
I also just found this chart on the BLS.

And this chart DOES lend credence to the assertion that roughly half of the decrease in the LFPR is due to retiring seniors.

I was definitely mistaken saying it was not.

http://data.bls.gov/timeseries/LNS11300000

Man...look at all the old people...their numbers are growing like mad.

We need Carousel for over 75's...

So...assuming that roughly 1/2 of the drop in the LFPR since 2000 is due to retiring seniors; if you eliminated retiring seniors, that would raise the LFPR to roughly 64.9%.

Notice: Data not available: U.S. Bureau of Labor Statistics

Once again, that would leave a U-3 unemployment rate (by my calculations) of 9.1%.

pinqy · Oct 9, 2014

DA60 said:
So...assuming that roughly 1/2 of the drop in the LFPR since 2000 is due to retiring seniors; if you eliminated retiring seniors, that would raise the LFPR to roughly 64.9%.

Notice: Data not available: U.S. Bureau of Labor Statistics

Once again, that would leave a U-3 unemployment rate (by my calculations) of 9.1%.

Hey, you can't link from the table like that. What you have to do is copy and paste the series report number (LNS......) and link to BLS Series Report : U.S. Bureau of Labor Statistics
Of course when I did that for you when you demanded the data, you ignored it saying you weren't going to hunt down the numbers; but it's the only way.

As for your calculations, remember that when you say "if the for were higher..." All you're saying is "if more people were trying to work..."

DA60 · Oct 9, 2014

pinqy said:
Hey, you can't link from the table like that. What you have to do is copy and paste the series report number (LNS......) and link to BLS Series Report : U.S. Bureau of Labor Statistics
Of course when I did that for you when you demanded the data, you ignored it saying you weren't going to hunt down the numbers; but it's the only way.

As for your calculations, remember that when you say "if the for were higher..." All you're saying is "if more people were trying to work..."

Thank you ('Hey' ?!?)...but I have no idea where this LNS number for the page in question is.

So here is the search...just look at the top link and there is the data.

BLS Search Results

pinqy · Oct 9, 2014

DA60 said:
Thank you...but I have no idea where this LNS number for the page in question is.

So here is the search...just look at the top link and there is the data.
Loo
BLS Search Results

Umm the top link works fine to direct link Civilian labor force participation rates by age, sex, race, and ethnicity
Why are you looking at projections?

DA60 · Oct 9, 2014

pinqy said:
Umm the top link works fine to direct link Civilian labor force participation rates by age, sex, race, and ethnicity
Why are you looking at projections?

I wasn't....I wanted to see the LFPR by age over several years.

Is there another way to find them?

pinqy · Oct 9, 2014

DA60 said:
I wasn't....I wanted to see the LFPR by age over several years.

Is there another way to find them?

http://download.bls.gov/pub/time.series/ln/ln.series
It's a pain. And be very careful you're getting exactly what you want

DA60 · Oct 9, 2014

pinqy said:
http://download.bls.gov/pub/time.series/ln/ln.series
It's a pain. And be very careful you're getting exactly what you want

Thanks...but I don't need them that badly.

upsideguy · Oct 10, 2014

Fenton said:
LOL !!!

Oh I'm sure it does sound good to you.
California Has Highest Rate Of Poverty In The Nation, According To U.S. Census Bureau

U.S. poverty higher, California highest, when housing costs added - Los Angeles Times

Of course, California also leads the country in millionaires.

Which States Have the Most Millionaires? | Reboot Illinois

Given that fact, perhaps I can interpret your post as a concern about income inequality?

Mr.Nick · Oct 10, 2014

beefheart said:
Yes it is, expect the usual suspects to try to minimize the good news...

I wouldn't call creating a "bubble" economy good news.... It may be good news for those who have jobs that are on the inside of the bubble but that does absolutely NOTHING for the millions of unemployed outside of that bubble.

Watch GDP drop significantly while progressives spout their 5.9% unemployment rate...

Remember unemployment rate is measured by those currently receiving unemployment benefits divided by those presently employed... So if you aren't receiving unemployment benefits or don't have current employment - you don't factor into to their deceptive numbers.

Fenton · Oct 10, 2014

upsideguy said:
Of course, California also leads the country in millionaires.

Which States Have the Most Millionaires?*|*Reboot Illinois

Given that fact, perhaps I can interpret your post as a concern about income inequality?

Oh there is no doubt it does.

Thats what Progressive policies do. They create huge wealth disparities and target the middle classes discretionary income.

The rich get richer and the poor stay poor.

DA60 · Oct 10, 2014

BTW, did I mention that since Obama took office, by my calculations, 1,001,000 less Americans under 55 are employed...but 5,417,000 more Americans over 55 are employed!?!

I did?

Okay.

BTW, once again, I am neither Dem nor Rep.

imagep · Oct 10, 2014

DA60 said:
BTW, did I mention that since Obama took office, by my calculations, 1,001,000 less Americans under 55 are employed...but 5,417,000 more Americans over 55 are employed!?!

I did?

Okay.

BTW, once again, I am neither Dem nor Rep.

Probably because of something like there being millions more Americans over the age of 55 than there were wen O' took office. I don't think that's surprising, we have an aging population.

DA60 · Oct 10, 2014

imagep said:
Probably because of something like there being millions more Americans over the age of 55 than there were wen O' took office. I don't think that's surprising, we have an aging population.

I think it is very surprising.

The population below 55 is not shrinking, it is growing as well (though not nearly as fast)...yet there are over 1 million less of them employed. And it is 25-54 that are the economic heart of America. Yet that group ALONE has lost over 1 million employed.

This administration has had 5 1/2 years and has raised the national debt by about 60% and what does America have to show for it?

1 MILLION less people employed in the all important 25-54 age range and millions and millions more people on food stamps.

That sounds like a TERRIBLE return on the investment to me...and I am not even a conservative.

code1211 · Oct 18, 2014

Kushinator said:
That boomers make up a large portion of the labor market. Which is expected, given that they are roughly 1/4 of the total U.S. population. It would do us all a favor if you would educate yourself a bit more about this particular demographic.

You lack the ability to critique the White House study on worker participation, so you misuse discrete data by making unsubstantiated claims. The current population of those ages 55 and over is 85.18 million. The number of workers ages 55 and over is 33.97 million.

Meaning, roughly 60% of those ages 55 and over are not in the labor force. Since 2002, there have been an additional 14 million people ages 55 and over in the labor force, even though the population for this demographic has increased by 25 million.

For the next 15 years, their will be an average of 10,000 boomers retiring every day. That's 3.65 million per year, or roughly 14 million since 2011. Interestingly enough, there have been an additional 3 million people ages 55 and over enter the labor force in that same time frame.

We already know you lack the courage to admit when you are wrong.

You are citing a demographic of 55 and older.

The retirement age for most is about 65.

Does you source have a demographic for 65 and older?

code1211 · Oct 18, 2014

imagep said:
Probably because of something like there being millions more Americans over the age of 55 than there were wen O' took office. I don't think that's surprising, we have an aging population.

Obama care will probably help with this problem.

code1211 · Oct 18, 2014

imagep said:
Probably because of something like there being millions more Americans over the age of 55 than there were wen O' took office. I don't think that's surprising, we have an aging population.

Looks like the slowly increasing number of those under 55 will have their work cut out for themselves supporting us old fogies about to retire.

http://www.tradingeconomics.com/united-states/population

Export Data API Dashboard

j-mac · Oct 18, 2014

code1211 said:
Looks like the slowly increasing number of those under 55 will have their work cut out for themselves supporting us old fogies about to retire.

United States Population | 1900-2014 | Data | Chart | Calendar | Forecast

Export Data API Dashboard

This is how liberals today think.

code1211 · Oct 19, 2014

j-mac said:
This is how liberals today think.

That would seem to reflect more the attitude of Conservatives as Liberals view them.

Kushinator · Oct 20, 2014

code1211 said:
You are citing a demographic of 55 and older.

The retirement age for most is about 65.

Does you source have a demographic for 65 and older?

The retirement age has shifted from 60 to 62 (average).

American · Oct 20, 2014

imagep said:
If your position is that job growth is low due to the federal deficit, then yes, it would help solve the job problem.

If we increased the taxes of the rich to offset tax cuts for the middle class, then yes again, it may be a deficit trade off but shifting money into the hands of those who have the highest propensity to spend the marginal dollar would increase demand and thus increase business expansion.

If we increased taxation on the rich to expand infrastructure spending, then yes, more jobs would be created directly due to the infrastructure spending and indirection because businesses need infrastructure to expand.

If we increased taxation on the rich to provide more economic benefits to everyone, then it would also result in an increase in demand, and thus business expansion.

Too bad that's not what the money would be used for, but it all sounds good. :roll:

Kushinator · Oct 20, 2014

American said:
Too bad that's not what the money would be used for, but it all sounds good. :roll:

Projections based on an uninformed opinion are... piss poor projections! It's not like i expected you to provide anything of value to begin with :shrug:.

imagep · Oct 20, 2014

American said:
Too bad that's not what the money would be used for, but it all sounds good. :roll:

What would the money be used for if not for spending or paying down the deficit? Are you suggesting that it would all just be collected in burlap bags and buried?

Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

DA60

poweRob

USMC 1988-1996

Fenton

DA60

pinqy

DA60

pinqy

DA60

pinqy

DA60

upsideguy

Pragmatic Idealist

Mr.Nick

Fenton

DA60

imagep

Villiage Idiot

DA60

code1211

code1211

code1211

j-mac

code1211

Kushinator

I'm not-low all the time

American

Trump Grump Whisperer

Kushinator

I'm not-low all the time

imagep

Villiage Idiot

Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

USMC 1988-1996

Pragmatic Idealist

Villiage Idiot

I'm not-low all the time

Trump Grump Whisperer

I'm not-low all the time

Villiage Idiot

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