Yeah! We only need 450,000 to break even but hey RW needs something to blabber about so....yaaaaay!
More economic good news: 173,000 jobs added, unemployment drops to 5.1%
- Thread starter rightwinger
- Start date
Yeah! We only need 450,000 to break even but hey RW needs something to blabber about so....yaaaaay!
Mac1958
Diamond Member
Y'know, I have to watch politics and political trends for my profession.I can understand that, and when this stuff becomes political the bullshit starts flying.
Yes, there are a lot of factors to consider. The mere fact that we haven't had another recession since 2008 is making some people nervous. But past performance is no guarantee, right?
So what we have now is similar, but different. Taking just one factor into consideration and trying to extrapolate it as a bellwether is no longer reliable IMO.
Where I work one division is laying off consultants wholesale while another is hiring at a rate I have never seen before. Is this just a redirection of priorities from the C level or is it in response to the broader economy?
So I have given up trying to read the tea leaves, smoke signals, entrails, bones, Tarot cards, etc and simply make sure that I can survive whatever damage the markets might throw at me. Everything else is just noise as far as I am concerned.
Unfortunately, I have to do some tea leaf reading, so my task is to keep my freaking blood pressure down.
The horrific mess of the Meltdown and the fundamentally changing economy, on a macro level, are at the foundation of this uncertainty.
.
If this is your job then you definitely need a means of destressing yourself outside of work.
Yes, the economy will change because it always changes. The economy of the 80's was different from the 70's and so on.
Your problem is figuring out where it is going to be in the future hence the tea leaf reading and more importantly, getting that reading right.
There is only one way that I have ever found that comes close to pointing out which way things are heading. That is trend analysis. And yes, it is a lot of work and a lot of factors need to be included for it give any kind of reading. On top of that you also need to make judgment calls based on whether those trends will continue, strengthen or die off.
But at least you are looking at data and not whatever opinion is being spouted by some talking head or blogger.
If I didn't, I swear, you guys wouldn't even know I exist.
.
Derideo_Te
Je Suis Charlie
- Mar 2, 2013
- 20,461
- 7,961
- 360
Y'know, I have to watch politics and political trends for my profession.I can understand that, and when this stuff becomes political the bullshit starts flying.
Yes, there are a lot of factors to consider. The mere fact that we haven't had another recession since 2008 is making some people nervous. But past performance is no guarantee, right?
So what we have now is similar, but different. Taking just one factor into consideration and trying to extrapolate it as a bellwether is no longer reliable IMO.
Where I work one division is laying off consultants wholesale while another is hiring at a rate I have never seen before. Is this just a redirection of priorities from the C level or is it in response to the broader economy?
So I have given up trying to read the tea leaves, smoke signals, entrails, bones, Tarot cards, etc and simply make sure that I can survive whatever damage the markets might throw at me. Everything else is just noise as far as I am concerned.
Unfortunately, I have to do some tea leaf reading, so my task is to keep my freaking blood pressure down.
The horrific mess of the Meltdown and the fundamentally changing economy, on a macro level, are at the foundation of this uncertainty.
.
If this is your job then you definitely need a means of destressing yourself outside of work.
Yes, the economy will change because it always changes. The economy of the 80's was different from the 70's and so on.
Your problem is figuring out where it is going to be in the future hence the tea leaf reading and more importantly, getting that reading right.
There is only one way that I have ever found that comes close to pointing out which way things are heading. That is trend analysis. And yes, it is a lot of work and a lot of factors need to be included for it give any kind of reading. On top of that you also need to make judgment calls based on whether those trends will continue, strengthen or die off.
But at least you are looking at data and not whatever opinion is being spouted by some talking head or blogger.
If I didn't, I swear, you guys wouldn't even know I exist.
.
Yeah, we should be so lucky!
SassyIrishLass
Diamond Member
- Mar 31, 2009
- 114,138
- 102,213
- 3,605
Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month
Derp, derp, derp
Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month
Derp, derp, derp
Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
- 309,666
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- Thread starter
- #25
rightwinger
Award Winning USMB Paid Messageboard Poster
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- #26
Who cares about Labor Force Participation Rate?
Why should I care if kids and grandparents are in the workforce?
Last edited:
TyroneSlothrop
Diamond Member
- Banned
- #27
The expected move from the Fed is to raise interest rates something used to control inflation not create inflation. Since 2008 the Fed had been trying to ward off "deflation" by pumping liquidity [money] into the economy through "Quantitative easing" or monthly purchases of Government bonds in huge amounts to put money into the economy. That program ended in October 2014 however the Fed has kept interest rates near zero to this date as it has done since 2008. The Fed will raise interest rates if it feels employment and wages have strengthened enough that the economy can handle a small interest rates without back sliding into recession etc....
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
Not quite, only 111,853 per month to keep up with population growth at the previous 5.3% rate and only 112,187 to maintain this 5.1% rate.
Jobs Calculator
Wildman
Gold Member
first.., i wish you libertards did not lie so much and repeat the lie you sheeple are fed by this criminal regime.
second.., if you are not too afraid of the truth here it is:
To tell the truth: The real unemployment
...since the unemployment rate dropped to 5.5 percent. This is about as close to full employment as you can get – and it should be good news, assuming all the numbers are accurate and the economy is thriving.
But here's the deception: 102 million people aren't working, including about nine million who are officially counted as unemployed and the 93 million who've given up. Are these numbers from the Bureau of Labor Statistics accurate? Ninety-three million adults aren't in the labor force. That's up from about 79 million from when we began to head into recession seven years ago.
did you or any other libertard read the full article i posted ?
Wildman
Gold Member
jon_berzerk
Platinum Member
- Mar 5, 2013
- 31,401
- 7,370
- 1,130
Who cares about Labor Force Participation Rate?
the government does
Table A-1. Employment status of the civilian population by sex and age
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
Why should anyone read any article you post when you post such an obvious lie? There are LESS than 1 million who've given up, a far cry from your 93 million.
Employment Situation Summary
there were 624,000 discouraged workers in
August, down by 151,000 from a year earlier. (The data are not seasonally
adjusted.) Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them.
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,888
- 1,830
But it is a useless economic indicator if you don't adjust it for demographics. It is quite a different number when you adjust for the aging Boomers!
jon_berzerk
Platinum Member
- Mar 5, 2013
- 31,401
- 7,370
- 1,130
But it is a useless economic indicator if you don't adjust it for demographics. It is quite a different number when you adjust for the aging Boomers!
of course it is useful it is an indicator on how productive we are
as a country and how the countries bills are going to get paid
we cant keep on cranking out the money presses forever
Zander
Platinum Member
rightwinger
Award Winning USMB Paid Messageboard Poster
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- #36
Why do you keep trying to pass the labor participation rate off as the unemployment rate?
first.., i wish you libertards did not lie so much and repeat the lie you sheeple are fed by this criminal regime.
second.., if you are not too afraid of the truth here it is:
To tell the truth: The real unemployment
...since the unemployment rate dropped to 5.5 percent. This is about as close to full employment as you can get – and it should be good news, assuming all the numbers are accurate and the economy is thriving.
But here's the deception: 102 million people aren't working, including about nine million who are officially counted as unemployed and the 93 million who've given up. Are these numbers from the Bureau of Labor Statistics accurate? Ninety-three million adults aren't in the labor force. That's up from about 79 million from when we began to head into recession seven years ago.
did you or any other libertard read the full article i posted ?
You think nobody will notice?
TyroneSlothrop
Diamond Member
- Banned
- #37
No it did not..paradoxically enough the market sees good news as leading the Fed to raise interest rates in their next meeting so good news triggers selling anxiety ...........
SassyIrishLass
Diamond Member
- Mar 31, 2009
- 114,138
- 102,213
- 3,605
Sorta, the markets reacted to the question of what the feds would do with rates. Trust me, any savvy trader knows this jobs report is complete bull shit. They are not even adding enough jobs to maintain....let alone cause a drop. There lie the problem with this nonsense
TyroneSlothrop
Diamond Member
- Banned
- #39
If they thought it was BS they would not have reacted to it....
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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- #40
So what is wrong with our labor participation rate?
Been dropping for 17 years for a reason...why do you care?
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