Obama Plays.. Unemployment Card...?

[edthecynic]

The Number of Those Working Past 65 Is at a Record High

THE retirement dream seems further away for a lot of baby boomers, and they appear to be responding to that by holding on to their jobs if they can. But that may have worsened the employment prospects for younger workers.

The Older the Worker, the Better.Labor Department figures indicate that the percentage of workers over the traditional retirement age of 65 is at a record high. But, the figures show, job totals fell sharply for men under 55 during the recession and have only started to recover, while the proportion of women ages 25 to 54 with jobs also slid and is close to the lowest level of the last two decades.

“The fact of the matter is that this aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire,” said David A. Rosenberg, the chief economist of Gluskin Sheff, a Canadian firm, noting that overall household net worth was 15 percent lower than at the prerecession peak. “Dreams of the 5,000-square-foot McMansion being a viable retirement asset have morphed into nightmares of a deflationary ball and chain.”

http://www.nytimes.com/2012/05/19/b...hose-working-past-65-is-at-a-record-high.html

And the number of people over 65 is a record high which also means that the number of retirees is a record high. The fact remains that the AARP study shows that 54% of Boomers are retired by age 65.

 

[pinqy]

As I said you can remain stupid

Labor Dept. trumpets declining unemployment while US labor force participation at 30-year low
Labor Dept. trumpets declining unemployment while US labor force participation at 30-year low — RT

And of course, that link diesn't claim that UI benefits are used to calculate the UE rate. Not sure what your point in linking it was. The rate dropped because both employment and unemployment went down. In other words the drop in the rate was not a good thing.

So? Certainly not evidence of manipulation .

Fuged those numbers obama to his labor department/

And how are you getting that from that story?

 

[thereisnospoon]

What evidence do you have of that?

The Recovery Is an Illusion: John Williams - NASDAQ.com

That would be an opinion, not "evidence".

And not even your own opinion - its someone else's, that you're just agreeing with, because you want to believe it.

And how does that differ from your messianic worship of Obama?

 

[Jroc]

The Number of Those Working Past 65 Is at a Record High

THE retirement dream seems further away for a lot of baby boomers, and they appear to be responding to that by holding on to their jobs if they can. But that may have worsened the employment prospects for younger workers.

The Older the Worker, the Better.Labor Department figures indicate that the percentage of workers over the traditional retirement age of 65 is at a record high. But, the figures show, job totals fell sharply for men under 55 during the recession and have only started to recover, while the proportion of women ages 25 to 54 with jobs also slid and is close to the lowest level of the last two decades.

“The fact of the matter is that this aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire,” said David A. Rosenberg, the chief economist of Gluskin Sheff, a Canadian firm, noting that overall household net worth was 15 percent lower than at the prerecession peak. “Dreams of the 5,000-square-foot McMansion being a viable retirement asset have morphed into nightmares of a deflationary ball and chain.”

http://www.nytimes.com/2012/05/19/b...hose-working-past-65-is-at-a-record-high.html

And the number of people over 65 is a record high which also means that the number of retirees is a record high. The fact remains that the AARP study shows that 54% of Boomers are retired by age 65.

Sad all these people have to work because of the high cost of living under Obamanamics Gas ,food, energy all way too expensive

 

[bigrebnc1775]

And of course, that link diesn't claim that UI benefits are used to calculate the UE rate. Not sure what your point in linking it was. The rate dropped because both employment and unemployment went down. In other words the drop in the rate was not a good thing.

So? Certainly not evidence of manipulation .

Fuged those numbers obama to his labor department/

And how are you getting that from that story?

Last paragraph

Looking into the latest Labor Department numbers, there unemployment claims figure — while not exactly all that accurate— is perhaps the only “good” news to affect the workforce this week. While the government says that unemployment claims dropped in April, the number of new jobs created is a statistic much smaller than what was hoped for. Economists had expected the creation of around 160,000 new jobs in April but today the Labor Department says that number is closer to 121,000. The underemployment rate also maintains its 14.5 percent figure from March and the transportation, warehousing and construction industries all cut jobs — as did the federal government.

 

[edthecynic]

Fuged those numbers obama to his labor department/

And how are you getting that from that story?

Last paragraph

Looking into the latest Labor Department numbers, there unemployment claims figure — while not exactly all that accurate— is perhaps the only “good” news to affect the workforce this week. While the government says that unemployment claims dropped in April, the number of new jobs created is a statistic much smaller than what was hoped for. Economists had expected the creation of around 160,000 new jobs in April but today the Labor Department says that number is closer to 121,000. The underemployment rate also maintains its 14.5 percent figure from March and the transportation, warehousing and construction industries all cut jobs — as did the federal government.

And the Russian Commies never lie!

 

[theDoctorisIn]

The Recovery Is an Illusion: John Williams - NASDAQ.com

That would be an opinion, not "evidence".

And not even your own opinion - its someone else's, that you're just agreeing with, because you want to believe it.

And how does that differ from your messianic worship of Obama?

It's baffling to me how you assume anyone that calls you on your bullshit an "Obama worshipper".

I didn't vote for Obama in 2008, and I won't in 2012. Obama is a corporate whore, just like everyone else.

 

[bigrebnc1775]

And how are you getting that from that story?

Last paragraph

Looking into the latest Labor Department numbers, there unemployment claims figure — while not exactly all that accurate— is perhaps the only “good” news to affect the workforce this week. While the government says that unemployment claims dropped in April, the number of new jobs created is a statistic much smaller than what was hoped for. Economists had expected the creation of around 160,000 new jobs in April but today the Labor Department says that number is closer to 121,000. The underemployment rate also maintains its 14.5 percent figure from March and the transportation, warehousing and construction industries all cut jobs — as did the federal government.

And the Russian Commies never lie!

I thought you were in lust for obama why are you so bitter that he's a communist? after all communist lie.

 

[edthecynic]

Last paragraph

Looking into the latest Labor Department numbers, there unemployment claims figure — while not exactly all that accurate— is perhaps the only “good” news to affect the workforce this week. While the government says that unemployment claims dropped in April, the number of new jobs created is a statistic much smaller than what was hoped for. Economists had expected the creation of around 160,000 new jobs in April but today the Labor Department says that number is closer to 121,000. The underemployment rate also maintains its 14.5 percent figure from March and the transportation, warehousing and construction industries all cut jobs — as did the federal government.

And the Russian Commies never lie!

I thought you were in lust for obama why are you so bitter that he's a communist? after all communist lie.

YOU are the one quoting, in red no less, YOUR fellow Russian Commies!!!

You Russian Moles hate Obama because, unlike you CON$ervoFascists, he is a True BLUE American. Go back to the Mother Russia you CON$ervoFascists love so much!

Labor Dept. trumpets declining unemployment while US labor force participation at 30-year low — RT

 

[bigrebnc1775]

And the Russian Commies never lie!

I thought you were in lust for obama why are you so bitter that he's a communist? after all communist lie.

YOU are the one quoting, in red no less, YOUR fellow Russian Commies!!!

You Russian Moles hate Obama because, unlike you CON$ervoFascists, he is a True BLUE American. Go back to the Mother Russia you CON$ervoFascists love so much!

Labor Dept. trumpets declining unemployment while US labor force participation at 30-year low — RT

You bore me your defense of obama is second rate.

 

[edthecynic]

I thought you were in lust for obama why are you so bitter that he's a communist? after all communist lie.

YOU are the one quoting, in red no less, YOUR fellow Russian Commies!!!

You Russian Moles hate Obama because, unlike you CON$ervoFascists, he is a True BLUE American. Go back to the Mother Russia you CON$ervoFascists love so much!

Labor Dept. trumpets declining unemployment while US labor force participation at 30-year low — RT

You bore me your defense of obama is second rate.

Keep lying, you Russian Commie loving CON$ervoFascist.

 

[pinqy]

Fuged those numbers obama to his labor department/

And how are you getting that from that story?

Last paragraph

Looking into the latest Labor Department numbers, there unemployment claims figure — while not exactly all that accurate— is perhaps the only “good” news to affect the workforce this week. While the government says that unemployment claims dropped in April, the number of new jobs created is a statistic much smaller than what was hoped for. Economists had expected the creation of around 160,000 new jobs in April but today the Labor Department says that number is closer to 121,000. The underemployment rate also maintains its 14.5 percent figure from March and the transportation, warehousing and construction industries all cut jobs — as did the federal government.

Yeah, and? That's not saying the Unemployment rate comes from UI claims. The Labor Dept releases the UI claims every week, the BLS releases the UE rate, and the "new jobs" every month. The article is poorly written and edited, I'll grant you, but nowhere does it say the UE rate comes from UI claims.

And let's look: Latest UI claims report About halfway down, "PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS (UNADJUSTED)" we see that the total number of people claiming benefits, Fed and State, is 6,273,624

Now we go to the Employment Situation (the official UE rate) and see that Unemployed (not seasonally adjustedd) is 11,910,000 (seasonal adjustment raises that up to 12,500,000)

But you're saying the 2 numbers should be the same.

Look too at Table A-11 where we see "reason for unemployment" as New Entrants, Job Leavers, Reentrants...none of whom would be eligible for UI benefits.

And browse All the Tables and tell me how all the demographic information, disability, age, race, sex, marital status, veteran status, could come from UI benefits.

You misunderstood. Is it really that hard for you to admit?

Go again to How the Government Measures Unemployment and read it carefully, where it says why UI benefits aren't used.

Now, for the State and local area data, UI data IS used to supplement the numbers (because the samples are too small at that level) and UI and other admin data from the states are used to adjust and correct, but it's still not true that running out of benefits drops you out of the count. How would that even work with a survey?