Unemployment went from 8.1 to 8.2

[Annie]

Core Employment-To-Population Ratio Shows Labor Markets Worse Than Jobless Rate Suggests - Investors.com

Core 25-54 Employment Rates Still Near Historic Lows

By DAVID HOGBERGDAVID HOGBERG

INVESTOR'S BUSINESS DAILY

The unemployment rate rose slightly to 8.2% in May, holding above 8% for the 40th straight month, the Labor Department reported Friday. But actual employment rates of core working age Americans suggests the true jobs situation is even worse.

From mid-1987 until the Great Recession, the employment-to-population ratio of 25-54-year-olds usually ranged from 78.5% to 80%. It never fell below 78.2% even during the 1990-1991 and 2001 slumps.

But now, nearly three years after the recession ended in June 2009, that ratio stands at just 75.7%.

"Right now this is probably a better measure than the unemployment rate," said James Sherk, senior policy analyst in labor economics at the conservative Heritage Foundation. "There are so many people dropping out of the job market and the unemployment rate, bad as it is, doesn't pick that up. The ratio gives a better idea of employment opportunities."

Added Heidi Shierholz, an economist at the liberal Economic Policy Institute, "Looking at this ratio sidesteps a lot of structural issues, like baby-boomers retiring. You are looking at prime-age workers and it gives you a better sense of the weakness in our current job market."

The jobless rate can be misleading because it only includes the share of people looking for work but don't have a job. Those not trying to get a job aren't counted as unemployed. And the labor force participation rate has fallen to its lowest level in decades.

The number of people not in the labor force has increased nearly 8 million since the recession ended. If those people were included, the unemployment rate would be closer to 12%.

There are several reasons for the stunning labor force exodus. Many Americans have simply given up after months or years of seeking work. A lot of young adults have chosen to stay in college longer due to poor job prospects. Disability rolls have soared.

Demographics play a role too. The aging baby boomers are retiring in droves Meanwhile, the number of Americans aged 35-44 has fallen by 2.5 million since the end of 2007 due to the smaller Generation X cohort.

Looking at the employment rate of those aged 25-54 avoids most of those problems. It captures those who have given up job hunting while excluding most retirees and college students.

The ratio reveals a very weak job market, especially compared to just prior to the housing collapse and the Great Recession.

In January 2008, when nonfarm payrolls peaked, the 25-54 employment-to-population ratio was 80%. It then began a precipitous decline to 75.9% in June 2009. Although the recession supposedly ended that month, the ratio kept falling to 74.7% in December 2009, the lowest since 1984. (Long-term comparisons are difficult because the mass entry of women into the workforce was still underway in 1984.) It hit that nadir again in November 2010.

Why has core working age employment been so stubbornly weak?

Both Shierholz and Sherk agree the housing crisis and the Great Recession caused the initial drop. They differ as to why it has not improved.

"We've seen a massive drop in the demand for work to be done," said Shierholz. "People saw that they were less wealthy after the housing bubble burst and they pulled back on consumption. Then businesses saw they didn't have demand for their goods and services and they pulled back on investment. With less demand for goods and services, businesses shed employees."

But Sherk argues that Obama Administration policies have had a lot to do with the depressed labor market.

"The new laws and regulations are creating a great deal of uncertainty among businesses," he said. "Banks are reluctant to lend until they know what regulations will be coming from Dodd-Frank. And even some Federal Reserve members have said they've spoken with businesses that don't know what their health care costs will be under ObamaCare. Until they know, they aren't going to be hiring."

In the last several months the core employment-to-population ratio has improved, rising from 74.8% in October 2011 in part due to an unseasonably warm winter. But that may prove a temporary uptick, with Europe's debt crisis intensifying again and growth rates in China and other major emerging markets slowing significantly.

 

[Claudette]

Have not fear folks.

The UE numbers will plummet to a whopping 8.1% before you know it.


Happy days will be here again.

 

[Rat in the Hat]

I turned it off when my rep was at buddha stage.

some mod erased mine.

Hell I cant even view my neg reps

They erased that one from my account

And you have proof of this, I suppose?

 

[regent]

Our paper's business section this AM said that 1 million jobs have been added in the last five months and and the unemployment rate went down a full percentage point from August to April.

 

[Artevelde]

I turned it off when my rep was at buddha stage.

some mod erased mine.

Hell I cant even view my neg reps

They erased that one from my account

And you have proof of this, I suppose?

It's just another one of his lies.

 

[Truthmatters]

prove its a lie

 

[Artevelde]

Our paper's business section this AM said that 1 million jobs have been added in the last five months and and the unemployment rate went down a full percentage point from August to April.

Yes, It had risen very sharply during the first half of Obama's presidency.

 

[Artevelde]

prove its a lie

You're just a pathological liar.

 

[Rat in the Hat]

prove its a lie

Prove it happened.

 

[naturegirl]

And still the White House is blaming Bush, ROTFLMBO

The Employment Situation in May | The White House

<snip>

There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007. Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families&#8217; finances over the past months. It is critical that we continue the President&#8217;s economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession.

 

[Truthmatters]

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REPUBLICAN debate... 08-11-2011
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top poster: tm vs. willow 05-28-2012 06:01 AM Toro thanks dude your the exception
CEO pay up twice the inflati... 05-25-2012 10:31 AM Speaker bingo
b-b-but where are the create... 05-24-2012 06:55 AM Vidi lol
The tragedy of the excessive... 05-23-2012 07:35 AM Parsifal keep hacking away at their lies
The Republican economics are... 05-21-2012 05:45 AM tererun great post
How to avoid taxes and bite ... 05-18-2012 10:12 AM Mr. Peepers good one
Zimmerman "beat up"... 05-18-2012 08:38 AM roomy awesome
How to avoid taxes and bite ... 05-18-2012 07:47 AM wjmacguffin good points
they raised taxes on the wea... 05-17-2012 11:02 AM starcraftzzz sorry they robbed me of my rep power
" white Hispanic" ... 05-16-2012 07:26 AM BlackAsCoal awesome
Zimmerman "beat up"... 05-16-2012 07:08 AM Mr. Shaman yes they are racists
CHART: Who Really Caused The... 05-16-2012 05:26 AM zeke so true
Obama Drags Sasha And Malia ... 05-15-2012 08:11 AM Grampa Murked U good for you
Obama Drags Sasha And Malia ... 05-15-2012 08:10 AM The Infidel good for you
Obama Drags Sasha And Malia ... 05-15-2012 08:09 AM naturegirl good for you
Newsweek: BARACK OBAMA, THE ... 05-14-2012 08:12 AM jgarden yeah baby
Newsweek: BARACK OBAMA, THE ... 05-14-2012 08:12 AM KevinWestern Im going to like you
"The Slut Walk" - ... 05-12-2012 07:06 AM syrenn good one

777 point(s) total Latest Reputation Received
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Unemployment went from... 06-01-2012 08:17 AM BluePhantom tool
Unemployment went from... 06-01-2012 08:17 AM Artevelde pathological liar
I want to buy a business 06-01-2012 08:07 AM CrusaderFrank thats your best feature
Warbler is too... 06-01-2012 08:02 AM strollingbones
Unemployment went from... 06-01-2012 07:10 AM Trajan potty mouth and wrecking the thgerad
Unemployment went from... 06-01-2012 06:26 AM DiamondDave idiot twat
Hey Truthmatters. . . . 05-31-2012 10:59 PM MeBelle60 WOW!
Pacifism and the Left 05-31-2012 03:38 PM nitroz The OP is an idiot. It's hilarious and sad that there are fewer and fewer right wingers who exersize common sense.
An Odd Warrior Neg 05-31-2012 10:08 AM catzmeow NICE BUNS. I mean, puns.
The BIG check Hypocrites 05-31-2012 07:47 AM California Girl ...
Media Ties Romney to... 05-30-2012 01:01 PM Dick Tuck
If I Was Black, I'd Be... 05-30-2012 12:53 PM Rat in the Hat Lying racist.
If I Was Black, I'd Be... 05-30-2012 11:57 AM bayoubill
Romney was a republican... 05-30-2012 11:41 AM Jos
R.I.P. Jake 05-30-2012 10:54 AM Big Fitz Awww liar has her rep turned off again to hide the truth. It ain't all about you. Go make your own thread for us to ignore.
The BIG check Hypocrites 05-30-2012 10:22 AM Conservative lair
The BIG check Hypocrites 05-30-2012 09:40 AM Lovebears65 partiality hack
Something To Think About 05-30-2012 09:12 AM Ernie S. Like you?
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[Truthmatters]

that is a screen shot.

do you see any neg rep list?

I have not seen a neg rep list in my account for about two weeks

 

[Annie]

The above is but one example of how TM changes the topic of threads.

 

[tjvh]

Our paper's business section this AM said that 1 million jobs have been added in the last five months and and the unemployment rate went down a full percentage point from August to April.

Did your paper give a percentage as to what percentage of those were Government jobs? Because added Government jobs does not mean squat to our Economy, when their salaries are paid by "private sector" jobs... Of course they didn't.

 

[naturegirl]

Our paper's business section this AM said that 1 million jobs have been added in the last five months and and the unemployment rate went down a full percentage point from August to April.

Did your paper give a percentage as to what percentage of those were Government jobs? Because added Government jobs does not mean squat to our Economy, when their salaries are paid by "private sector" jobs... Of course they didn't.

Is it perhaps a local paper, reporting on local unemployment?? I hear there are a few areas where there actually may be some growth although they are few and far between.

 

[Luddly Neddite]

Obama creates more than four million new jobs and saves countless more existing jobs and gets no credit. Rs filibuster and obstruct jobs bills and get no blame. They could pass the highway bill and we'd have three million jobs but they refuse to invest in their own country.

This is the first time in our history that we've expected our president to magically bypass the congress on every issue.

I think it might also be the first time we have seen an entire political party sabotage our country, work for economical collapse AND have our citizens cheer a recession.

Reading the posts here, reading so-called Americans hoping for the failure of their country makes me very ashamed. You're the very same people who have cheered Mitts investing ing foreign banks and foreign companies. You've cheered his destroying of American companies and firing people. You've cheered his almost daily lies. And, you've said you plan to vote for him so he can destroy more. And, apparently, you feel no shame in wanting your own country to fail.

 

[Claudette]

And still the White House is blaming Bush, ROTFLMBO

The Employment Situation in May | The White House

<snip>

There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007. Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families’ finances over the past months. It is critical that we continue the President’s economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession.

Of course they are still blaming Bush. They will continue to blame Bush till the day the ONE is out of office.

No surprise there.

 

[Artevelde]

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the thread about... 02-18-2012
09:18 AM Expired 1 General Warning Baruch Menachem
Profile Warning 09-30-2011
09:41 AM Expired 0 General Warning Meister
REPUBLICAN debate... 08-11-2011
04:10 PM Expired 0 General Warning del
Profile Infraction 08-05-2011
07:34 PM Expired 4 Misinformation PixieStix
What Americans think of... 05-19-2011
09:06 AM Expired 0 General Warning Midnight Marauder

Your Reputation Power is 58 Points Latest Reputation Given
Thread Date Given To Comment
A No Confidence Vote For Oba... 05-30-2012 07:52 AM Truthseeker420 beautiful
Ask a Gay Guy - Objective Di... 05-29-2012 07:46 PM MaxCha welcome here
top poster: tm vs. willow 05-28-2012 06:01 AM Toro thanks dude your the exception
CEO pay up twice the inflati... 05-25-2012 10:31 AM Speaker bingo
b-b-but where are the create... 05-24-2012 06:55 AM Vidi lol
The tragedy of the excessive... 05-23-2012 07:35 AM Parsifal keep hacking away at their lies
The Republican economics are... 05-21-2012 05:45 AM tererun great post
How to avoid taxes and bite ... 05-18-2012 10:12 AM Mr. Peepers good one
Zimmerman "beat up"... 05-18-2012 08:38 AM roomy awesome
How to avoid taxes and bite ... 05-18-2012 07:47 AM wjmacguffin good points
they raised taxes on the wea... 05-17-2012 11:02 AM starcraftzzz sorry they robbed me of my rep power
" white Hispanic" ... 05-16-2012 07:26 AM BlackAsCoal awesome
Zimmerman "beat up"... 05-16-2012 07:08 AM Mr. Shaman yes they are racists
CHART: Who Really Caused The... 05-16-2012 05:26 AM zeke so true
Obama Drags Sasha And Malia ... 05-15-2012 08:11 AM Grampa Murked U good for you
Obama Drags Sasha And Malia ... 05-15-2012 08:10 AM The Infidel good for you
Obama Drags Sasha And Malia ... 05-15-2012 08:09 AM naturegirl good for you
Newsweek: BARACK OBAMA, THE ... 05-14-2012 08:12 AM jgarden yeah baby
Newsweek: BARACK OBAMA, THE ... 05-14-2012 08:12 AM KevinWestern Im going to like you
"The Slut Walk" - ... 05-12-2012 07:06 AM syrenn good one

777 point(s) total Latest Reputation Received
Thread Date Posted By Comment
Unemployment went from... 06-01-2012 08:17 AM BluePhantom tool
Unemployment went from... 06-01-2012 08:17 AM Artevelde pathological liar
I want to buy a business 06-01-2012 08:07 AM CrusaderFrank thats your best feature
Warbler is too... 06-01-2012 08:02 AM strollingbones
Unemployment went from... 06-01-2012 07:10 AM Trajan potty mouth and wrecking the thgerad
Unemployment went from... 06-01-2012 06:26 AM DiamondDave idiot twat
Hey Truthmatters. . . . 05-31-2012 10:59 PM MeBelle60 WOW!
Pacifism and the Left 05-31-2012 03:38 PM nitroz The OP is an idiot. It's hilarious and sad that there are fewer and fewer right wingers who exersize common sense.
An Odd Warrior Neg 05-31-2012 10:08 AM catzmeow NICE BUNS. I mean, puns.
The BIG check Hypocrites 05-31-2012 07:47 AM California Girl ...
Media Ties Romney to... 05-30-2012 01:01 PM Dick Tuck
If I Was Black, I'd Be... 05-30-2012 12:53 PM Rat in the Hat Lying racist.
If I Was Black, I'd Be... 05-30-2012 11:57 AM bayoubill
Romney was a republican... 05-30-2012 11:41 AM Jos
R.I.P. Jake 05-30-2012 10:54 AM Big Fitz Awww liar has her rep turned off again to hide the truth. It ain't all about you. Go make your own thread for us to ignore.
The BIG check Hypocrites 05-30-2012 10:22 AM Conservative lair
The BIG check Hypocrites 05-30-2012 09:40 AM Lovebears65 partiality hack
Something To Think About 05-30-2012 09:12 AM Ernie S. Like you?
Women who choose to be... 05-30-2012 08:09 AM strollingbones property management is its own hell
Soooo many idiotic... 05-30-2012 07:04 AM California Girl .

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A bit self-absorbed.

 

[Annie]

back to today:

Dow average loses gains for 2012 - MarketWatch

June 1, 2012, 10:24 a.m. EDT
Dow average loses gains for 2012


By Laura Mandaro


SAN FRANCISCO (MarketWatch) -- The Dow Jones Industrial Average /quotes/zigman/627449 DJIA -1.72% slid into a loss for the year after a low rate of U.S. jobs growth, following weak Europe and Chinese manufacturing data, took nearly 200 points off the index. The blue-chip average is now down 0.1% for the year. As of Friday midmorning, it's down 185 points to 12,207.99. The S&P 500 /quotes/zigman/3870025 SPX -1.91% , off 1.6% for the session, is still up 2.5% for 2012. The Nasdaq Composite /quotes/zigman/123127 COMP -2.06% , down 1.7% Friday, is up 6.6% for the year.

Dow Jones Industrial Average (^DJI)
-DJI

12,172.34 Down 221.11(1.78%) 11:26AM EDT

 

[Rat in the Hat]

that is a screen shot.

do you see any neg rep list?

I have not seen a neg rep list in my account for about two weeks

Well, yes. It's this part of what you posted.

777 point(s) total Latest Reputation Received
Thread Date Posted By Comment
Unemployment went from... 06-01-2012 08:17 AM BluePhantom tool
Unemployment went from... 06-01-2012 08:17 AM Artevelde pathological liar
I want to buy a business 06-01-2012 08:07 AM CrusaderFrank thats your best feature
Warbler is too... 06-01-2012 08:02 AM strollingbones
Unemployment went from... 06-01-2012 07:10 AM Trajan potty mouth and wrecking the thgerad
Unemployment went from... 06-01-2012 06:26 AM DiamondDave idiot twat
Hey Truthmatters. . . . 05-31-2012 10:59 PM MeBelle60 WOW!
Pacifism and the Left 05-31-2012 03:38 PM nitroz The OP is an idiot. It's hilarious and sad that there are fewer and fewer right wingers who exersize common sense.
An Odd Warrior Neg 05-31-2012 10:08 AM catzmeow NICE BUNS. I mean, puns.
The BIG check Hypocrites 05-31-2012 07:47 AM California Girl ...
Media Ties Romney to... 05-30-2012 01:01 PM Dick Tuck
If I Was Black, I'd Be... 05-30-2012 12:53 PM Rat in the Hat Lying racist.
If I Was Black, I'd Be... 05-30-2012 11:57 AM bayoubill
Romney was a republican... 05-30-2012 11:41 AM Jos
R.I.P. Jake 05-30-2012 10:54 AM Big Fitz Awww liar has her rep turned off again to hide the truth. It ain't all about you. Go make your own thread for us to ignore.
The BIG check Hypocrites 05-30-2012 10:22 AM Conservative lair
The BIG check Hypocrites 05-30-2012 09:40 AM Lovebears65 partiality hack
Something To Think About 05-30-2012 09:12 AM Ernie S. Like you?
Women who choose to be... 05-30-2012 08:09 AM strollingbones property management is its own hell
Soooo many idiotic... 05-30-2012 07:04 AM California Girl .

I have not seen a neg rep list in my account for about two weeks

And I just proved that you have seen it, liar.