Economy 'adds' 120K, UE rate drops to 8.2%...March 2012

Discussion in 'Economy' started by Trajan, Apr 6, 2012.

  1. Trajan
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    Trajan conscientia mille testes

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    well first off, in the real world, where people actually live work etc. you know not the Matrix world of Giethner and Bernbank, but the Red Pill world of harsh reality, we have not added squat, there is a consensus that floats the low and high range no. of 120-140k to meet requirements for new job pool entrants......BUT- the UE number doesn't reflect that , so at a 120K creation no. we drop a tenth of a point. :lol:

    Great, if we can just not create more jobs, say 60K for April, the rate will drop to what, 7.5% making obama a lead pipe cinch for re-election[​IMG]





    WASHINGTON—U.S. job growth slowed in March, and the labor force shrank, signaling that the economy could be losing momentum.

    Jobs outside of agriculture grew by 120,000 last month—half the number that the economy added the prior month—the Labor Department said Friday, marking the first time since November that job growth fell below 200,000.

    The unemployment rate, obtained by a separate survey of U.S. households, ticked down a tenth of a percentage point to 8.2%, but the drop resulted in part from fewer Americans seeking work.

    Economists surveyed by Dow Jones Newswires expected a gain of 203,000 in payrolls and for the jobless rate to remain at 8.3% for March.

    Economists and Federal Reserve officials have said they expect job growth to moderate in 2012 as overall demand in the economy remains weak, gasoline prices rise and Europe slows. Friday's report is the first sign that growth could be moderating.


    Job Growth Loses Steam - WSJ.com
     
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  2. ThinkCritically
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    ThinkCritically Open to opinion

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    welcome to the "zombie economy", or if you prefer the euphemism "jobless recovery". This will continue as americans continue to face foreign competition. The entire world economy is restructuring itself right now. Since there is little good that can arrive by opposing or denying this change, it would be best if you position yourself as best you can, as we continue to experience more of the same. Which is a reduction in job security and real wages over the past 40 years!
     
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  3. Trajan
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    Trajan conscientia mille testes

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    well, with the 'great' manufacturing news, consumer confidence and car sales ( see: channel stuffing), this is where we would up...yup, the new normal...
     
  4. JoeB131
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    JoeB131 Diamond Member

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    As long as we have politicians who put the value of capital above the value of labor, we are going to have a mess like this...
     
  5. editec
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    editec Mr. Forgot-it-All

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    BINGO!


    FREE TRADE and technolgy advances are making entrenched unemployment the new reality.

    All this latest economic disaster really did was exascerbate a trend that has its origins in the mid 20th century.

    I'm begining to think that having only about 50% of the potential working population fully employed will be considered full employment for a great long time.
     
    Last edited: Apr 7, 2012
  6. edthecynic
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    edthecynic Censored for Cynicism

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    I know you America haters can't stand to hear any good news about this great country, but even the right-wing Gallup has the usually higher unadjusted UE rate at 8.2%.

    And that fewer workers seeking work is pure bullshit. The workforce is dropping because of the Boomers retiring, not because people have given up on finding work. Which CON$ know well, they predicted the drop in the labor force when the Boomers retire as their rationalization for privatizing Social Security. If a Republican gets elected you can be sure that as the labor participation rate continues to get smaller, every CON$erviNutzi will make that very point!!!!!

    You have over 100,000 Boomers retiring every month and other people replacing them which are not new jobs. So when you create 120,000 new jobs you actually have 220,000 people leaving the ranks of the unemployed.

    http://www.gallup.com/poll/125639/gallup-daily-workforce.aspx
     
  7. Trajan
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    Trajan conscientia mille testes

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    I am sorry if reality intrudes and of course you go to the old stand by- they are all haters, boring, only in the new paradigm or new normal of reelection go go go does 100-K 200K jobs cause for celebration in this environment......please post the bls links that say- that retirees are still counted as would be participants in the LPR.... I would appreciate it and aside from that you nare suffering a critical thinking fail...I'll let you ponder that for a while....


    2009- LPR 65.7

    2012 63.8


    oh and-

    The myth of early retirement | Economic Policy Institute
     
  8. edthecynic
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    edthecynic Censored for Cynicism

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    Again, the America haters can't tolerate anything good about this great country, and when they can't counter the facts they simply create a Straw Man and attack that.

    Now retirees are part of the out of the workforce group of the civilian noninstitutional population that the LPR is calculated from. They are part of the denominator in the equation. But you knew that already since you are a know-it-all.


    Labor Force Characteristics (CPS)

    Labor force

    The labor force is the sum of employed and unemployed persons. The labor force participation rate is the labor force as a percent of the civilian noninstitutional population. Browse various labor force characteristics. Data also are available by demographic characteristics. See also Not in the labor force.

    Not in the labor force

    Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.



    And as far as that myth of early retirement crap, whatever age the Boomers are retiring, they are retiring or leaving the workforce due to disability at over 100,000 per month according to the increase in SS claims. Remember, 10,000 Boomers reach retirement age every day, that's 300,000 per month. So that 100,000 is only 1/3 of the retirement age Boomers.

    http://www.ssa.gov/policy/docs/ssb/v71n1/ssb-v71n1.pdf
    Table 2 page 78 shows in Dec 2010 there were 34,592,000 Retired workers and 8,205,000 Disabled workers.

    Monthly Statistical Snapshot, February 2012
    Table 1 beneficiaries 2011
    Table 2 shows in Dec 2011 there were 35,599,000 Retired workers and 8,576,000 Disabled workers.


    Do the math and you see that more than 1.37 million workers left the workforce in 2011 due to retirement and disability alone.
     
    Last edited: Apr 7, 2012
  9. edthecynic
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    edthecynic Censored for Cynicism

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    Looks like the "twit" as he likes to call others, has cut and run when faced with the facts hoping this thread would just....
    [​IMG]
     
  10. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    About a mile or two down the road from me is a retirement community of about 6000 homes. Must be age 55 or older to buy a home there.
    Of about the 100 or so people that I know who live there, approximately 60 of them have come out of 'retirement' to re-enter the work force.
     

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