America's labor force hasn’t grown since ’08

[get_involved]

America’s labor force hasn’t grown since ’08 - Yahoo! News

 

[RetiredGySgt]

America’s labor force hasn’t grown since ’08 - Yahoo! News

How could it with 10 percent unemployment? I would bet it has shrunk as people fall off the end of the reporting process out of work.

 

[JFK_USA]

This is not a shock. The money is stuck up literally with the rich. They need to invest and start to hire or this economy won't get going. They know what they need to pay in taxes now so no more confusion now start hiring.

 

[Mr. Shaman]

America's labor force hasn’t grown since ’08

.....And, nobody saw it coming.....everything was FINE....until some Black-dude became President, right????

JUNE 18, 2007

The Real Cost Of Offshoring​

"Whenever critics of globalization complain about the loss of American jobs to low-cost countries such as China and India, supporters point to the powerful performance of the U.S. economy. And with good reason. Despite the latest slow quarter, official statistics show that America's economic output has grown at a solid 3.3% annual rate since 2003, a period when imports from low-cost countries have soared. Similarly, domestic manufacturing output has expanded at a decent pace. On the face of it, offshoring doesn't seem to be having much of an effect at all.

But new evidence suggests that shifting production overseas has inflicted worse damage on the U.S. economy than the numbers show. BusinessWeek has learned of a gaping flaw in the way statistics treat offshoring, with serious economic and political implications. Top government statisticians now acknowledge that the problem exists, and say it could prove to be significant.

The short explanation is that the growth of domestic manufacturing has been substantially overstated in recent years. That means productivity gains and overall economic growth have been overstated as well. And that raises questions about U.S. competitiveness and "helps explain why wage growth for most American workers has been weak," says Susan N. Houseman, an economist at the W.E. Upjohn Institute for Employment Research who identifies the distorting effects of offshoring in a soon-to-be-published paper.

BusinessWeek's analysis of the import price data reveals offshoring to low-cost countries is in fact creating "phantom GDP"--reported gains in GDP that don't correspond to any actual domestic production. The only question is the magnitude of the disconnect.

But the new numbers also require a reassessment of productivity and wages that could add fire to the national debate over the true performance of the economy in President Bush's second term. The official statistics show that productivity, or output per hour, grew at a 1.8% rate over the past three years. But taking the phantom GDP effect into account, the actual rate of productivity growth might be closer to 1.6%--about what it was in the 1980s."

BusinessWeek​

 

[Defiant1]

This is not a shock. The money is stuck up literally with the rich. They need to invest and start to hire or this economy won't get going. They know what they need to pay in taxes now so no more confusion now start hiring.

How long where the tax cuts extended for?

Not long enough for companies to reverse the cuts they have already made only to have to do it all over again in a couple of years.

 

[Mr. Shaman]

This is not a shock. The money is stuck up literally with the rich. They need to invest and start to hire or this economy won't get going. They know what they need to pay in taxes now so no more confusion now start hiring.

How long where the tax cuts extended for?

Not long enough for companies to reverse the cuts they have already made only to have to do it all over again in a couple of years.

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight........

*

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[Truthmatters]

The best kept secret of this whole Egypt movement is that it was started by the countrys labor movement.

 

[8537]

America's labor force hasn't grown since 2001 - nevermind 2008.

 

[shintao]

America’s labor force hasn’t grown since ’08 - Yahoo! News

I would ask, why does it matter if it grew or not? For the working man it should not matter. Less people buying products in a capitalist system means products will become cheaper.

 

[boedicca]

Well duh. Work force participation is at its lowest level in over a quarter decade:

At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge....

Labor Force Participation Plunges To Fresh 26 Year Low | zero hedge


People give up when the economy is throttled down to the point where it cannot create jobs. That's the true legacy of Obamanomics.

 

[shintao]

Well duh. Work force participation is at its lowest level in over a quarter decade:

At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge....

Labor Force Participation Plunges To Fresh 26 Year Low | zero hedge


People give up when the economy is throttled down to the point where it cannot create jobs. That's the true legacy of Obamanomics.

Wasn't Obama who throttled the economy down, it is the Trillion dollars held in corporate hands who refuse to create the jobs. Obama doesn't create jobs, where is your eco-101 lessons?

 

[uscitizen]

America’s labor force hasn’t grown since ’08 - Yahoo! News

I would ask, why does it matter if it grew or not? For the working man it should not matter. Less people buying products in a capitalist system means products will become cheaper.

then why is food, energy and healthcare costs rising?

 

[uscitizen]

Well duh. Work force participation is at its lowest level in over a quarter decade:

At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge....

Labor Force Participation Plunges To Fresh 26 Year Low | zero hedge


People give up when the economy is throttled down to the point where it cannot create jobs. That's the true legacy of Obamanomics.

Ahh those republican led spending cuts sure will throttle up the economy?

 

[uscitizen]

I do not expect jobs created to keep up with the demand for jobs for the next decade. We will be lucky if they do not drop farther in number.
Thanks offshoring, globalization and free trade.

 

[Avatar4321]

The best kept secret of this whole Egypt movement is that it was started by the countrys labor movement.

Its not very secret at all. They've been working with the Muslim Brotherhood in Egypt. Glenn Beck has been called crazy for pointing this out.

 

[B. Kidd]

America’s labor force hasn’t grown since ’08 - Yahoo! News

I would ask, why does it matter if it grew or not? For the working man it should not matter. Less people buying products in a capitalist system means products will become cheaper.

then why is food, energy and healthcare costs rising?

Stagflation has just begun. We ain't seen nothing yet!

 

[B. Kidd]

Nice article on stagflation:

savethemales.ca - A Word You Should Know: "Stagflation"

 

[get_involved]

Ahh those republican led spending cuts sure will throttle up the economy?[/QUOTE]


Ahh those Billions of dollars spend from Obama and the Democrats sure helped the unemloyment rate and deficit!