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

[Trajan]

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.

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

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

 

[ThinkCritically]

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!

 

[Trajan]

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

 

[JoeB131]

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...

 

[editec]

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...

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.

 

[edthecynic]

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.

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

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

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

 

[Trajan]

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.

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

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

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.

Gallup Daily: U.S. Employment

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

 

[edthecynic]

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.

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

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

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.

Gallup Daily: U.S. Employment

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

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.

 

[edthecynic]

Looks like the "twit" as he likes to call others, has cut and run when faced with the facts hoping this thread would just....

 

[MeBelle]

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.

 

[edthecynic]

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.

Obviously there are plenty of jobs for them.
Not that I believe your numbers, CON$ always exaggerate by at least a factor of 10.

 

[dilloduck]

What does America need jobs for? If something truly needed being done someone would pay you to do it. People just need money. There are too many Americans to fail.

 

[Trajan]

Mild winter may have artificially inflated jobs data, economists fear - The Washington Post

 

[dilloduck]

Mild winter may have artificially inflated jobs data, economists fear - The Washington Post

Oh great--now global warming is fucking up math. What next ?

 

[Trajan]

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.

Gallup Daily: U.S. Employment

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

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.

ed'thefactbulimic'..

wow, you cannot even read, or that is comprehend. the labor force participation rate is calculated for the labor force, for, what again? for viable workers, they compare the size of that labor pool with the number of people that could potentially be a part of the labor force.It does not include retirees....


nor does it count;


Workers who are under 16.
Volunteer Workers
Military
People who are in prison
People who are in hospitals or nursing homes
Full-Time Students
homemakers


here from your favorite body-

http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/60xx/doc6018/11-22-laborforce.pdf


now why ed, would folks voluntarily, NOT in the LABOR force, be counted as labor Participants?They are Excluded by Choice....get it?

 

[edthecynic]

Mild winter may have artificially inflated jobs data, economists fear - The Washington Post

To give you an idea of just how much CON$ hate any good news for this great country they are willing to accept government weather data, which up to now CON$ have said was completely fabricated, in order reject any and all good economic news.
Like I have shown over and over, CON$ are always on all sides of every issue depending on which way the wind blows at the moment.

 

[Trajan]

what a slobbering wreck you are...really, its the wash post you buffoon.

 

[Trajan]

whats the matter Ed? you read my post on the previous page.......you gonna let the thread 'die'?

 

[edthecynic]

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

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.

ed'thefactbulimic'..

wow, you cannot even read, or that is comprehend. the labor force participation rate is calculated for the labor force, for, what again? for viable workers, they compare the size of that labor pool with the number of people that could potentially be a part of the labor force.It does not include retirees....


nor does it count;


Workers who are under 16.
Volunteer Workers
Military
People who are in prison
People who are in hospitals or nursing homes
Full-Time Students
homemakers


here from your favorite body-

http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/60xx/doc6018/11-22-laborforce.pdf


now why ed, would folks NOT in the LABOR force, be counted as labor Participants?

Notice how these CON$erviBNutzi know-it-alls play dumb in order to continue weaving their web of deceit!

As was already pointed out to the pompous condescending know-it-all, people not in the labor force are counted as part of the CIVILIAN NONINSTITUTIONAL POPULATION, the numerator in the equation used to calculate the LPR!!!!

And nowhere in your CBO link does it say seniors are not counted in the LPR!!! BTW, you demanded BLS links not CBO, and I supplied BLS links. Since you know the BLS does not support your bullshit, in desperation you try to misdirect with the CBO even though it supports none of your tripe! It actually supports my claim that as more and more Boomers become disabled or retire the LPR will continue to get smaller.

Here is the BLS definition of the numerator used to calculate the LPR

BLS Glossary
Civilian noninstitutional population (Current Population Survey) Included are persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.

 

[Middleoftheroad]

Even if the unemployment rate is correct and unemployment is dropping, 120k is a poor number. A recovery because people are retiring is a poor recovery. Anything under 200k per month is unsatisfactory. If this was school, 200k would be about a C grade.