thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
td11 wrote:jerseyhoya wrote:The unemployment rate dropped because while 122k fewer people were employed, 229k fewer people were unemployed on the household survey. Enough people dropped out of the labor force to make up for the decrease in people who were employed to bring the rate down to 7.7%.
Additionally in the payroll survey, the job growth numbers for September and October were revised down.
This is apparently nitpicking and by pointing out reality it means you want the country to fail so we can win elections (when there isn't a federal election for another 23 months).
12 days late, but i feel like every jobs report you bring up the lfp rate without mentioning that since the start of 2011, 10K baby boomers turn 65 and are discounted from the labor force number. that alone is like ~300K people dropping out of the labor force ever month. the overall civilian labor force drop from oct to nov was 350K
jerseyhoya wrote:td11 wrote:jerseyhoya wrote:The unemployment rate dropped because while 122k fewer people were employed, 229k fewer people were unemployed on the household survey. Enough people dropped out of the labor force to make up for the decrease in people who were employed to bring the rate down to 7.7%.
Additionally in the payroll survey, the job growth numbers for September and October were revised down.
This is apparently nitpicking and by pointing out reality it means you want the country to fail so we can win elections (when there isn't a federal election for another 23 months).
12 days late, but i feel like every jobs report you bring up the lfp rate without mentioning that since the start of 2011, 10K baby boomers turn 65 and are discounted from the labor force number. that alone is like ~300K people dropping out of the labor force ever month. the overall civilian labor force drop from oct to nov was 350K
It's too bad no one in the country is 18-22 years old to replace them.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
td11 wrote:My point was only that it's misleading to frame it entirely as as able workers dropping out of the force because they're discouraged when that isn't the case
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
pacino wrote:We are going to see more and more people 'drop out' basically every year for several coming years now because of a generational shift that is occurring with both our country and thus its workforce. That's all td is saying. we can't simulteanously say baby boomers are going to balloon SS and medicare but then not also acknowledge these same baby boomers are thus no longer working.
jerseyhoya wrote:pacino wrote:We are going to see more and more people 'drop out' basically every year for several coming years now because of a generational shift that is occurring with both our country and thus its workforce. That's all td is saying. we can't simulteanously say baby boomers are going to balloon SS and medicare but then not also acknowledge these same baby boomers are thus no longer working.
This is confusing rate with raw #s. If a larger percentage of people are living longer after retirement, it shouldn't much affect the number of people in the labor force I don't think.
jerseyhoya wrote:Feel free to search my post history...
jerseyhoya wrote:I'm not going to spend my afternoon explaining why I think Republican economic policy would be better for the country for the 945th time while everyone else here yells at me for being a moron. Feel free to search my post history, the argument hasn't changed. The world's ending in 48 hours and I have papers to grade.
He (and td and Soren) is not right about labor force participation. I explained why.
jerseyhoya wrote:I'm not going to spend my afternoon explaining why I think Republican economic policy would be better for the country for the 945th time while everyone else here yells at me for being a moron. Feel free to search my post history, the argument hasn't changed. The world's ending in 48 hours and I have papers to grade.
He (and td and Soren) is not right about labor force participation. I explained why.
jerseyhoya wrote:I'm sure I'll say plenty of really dumb things, and chances are you wouldn't pass up a similar opportunity to mock.
Doll Is Mine wrote:This Ellen DeGeneres look alike on ESPN is annoying. Who the hell is he?
td11 wrote:the president's latest proposal actually does cut more in spending than it increases revenue over the next decade
http://www.offthechartsblog.org/program ... ama-offer/
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.