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U.S. unemployment rate drops to 7 year low.
Posted on 5/10/15 at 10:43 am
Posted on 5/10/15 at 10:43 am
13
Posted on 5/10/15 at 10:45 am to Stonehog
Does that include the latest O&G layoffs?
Posted on 5/10/15 at 10:52 am to Agforlife
Did you see the link in the OP?
Posted on 5/10/15 at 10:56 am to Stonehog
Yeah but I'm lazy and didn't click it 
Posted on 5/10/15 at 11:20 am to Stonehog
As someone who is an economics-data junky, it really is perplexing how all manufacturing, inventory, retail sales, and wage data points to a struggling economy, yet job growth is quite healthy.
The national bureau of economic research will be releasing a paper soon which claims hat over 61% of all job growth the past two years has been due to the expiration of unemployment benefits.
It's just bizarre how low GDP growth has been (GDP tends to grow at higher 4% rates during recoveries, yet we are around 2.3%), while job growth has been high.
The national bureau of economic research will be releasing a paper soon which claims hat over 61% of all job growth the past two years has been due to the expiration of unemployment benefits.
It's just bizarre how low GDP growth has been (GDP tends to grow at higher 4% rates during recoveries, yet we are around 2.3%), while job growth has been high.
Posted on 5/10/15 at 11:21 am to HailHailtoMichigan!
Sounds like someone is playing with the numbers
Posted on 5/10/15 at 11:26 am to Agforlife
Here's your answer:
"The grinding pace of recovery has hollowed out the workforce. Government data showed that only 63.2 percent of working-age Americans have a job or are looking for one, the lowest proportion since 1978. Nearly 90 million people are now considered out of the labor force, up 1.7 million from August 2012."
LINK
*Hyperlink may not work because of mobile platform problems.
"The grinding pace of recovery has hollowed out the workforce. Government data showed that only 63.2 percent of working-age Americans have a job or are looking for one, the lowest proportion since 1978. Nearly 90 million people are now considered out of the labor force, up 1.7 million from August 2012."
LINK
*Hyperlink may not work because of mobile platform problems.
This post was edited on 5/10/15 at 11:28 am
Posted on 5/10/15 at 11:51 am to DownSouthJukin
That link is nearly two years old.
Posted on 5/10/15 at 12:06 pm to Stonehog
Yea, participation is even lower now.
Posted on 5/10/15 at 12:09 pm to Stonehog
Please enlighten us as to the significant differences between 2013 and now, that would lead you to believe that link no longer accurately describes the situation.
Posted on 5/10/15 at 12:19 pm to Stonehog
Posted on 5/10/15 at 12:21 pm to Stonehog
This post was edited on 11/8/20 at 7:08 am
Posted on 5/10/15 at 12:45 pm to Stonehog
What's household income versus say 2007?
Awesome, amirite?
Awesome, amirite?
Posted on 5/10/15 at 12:48 pm to Agforlife
yea its fairly easy to manipulate the labor stats for propaganda.
Posted on 5/10/15 at 12:49 pm to Kraut Dawg
Plus most of the jobs created are part time jobs. Over 400k part time jobs were created in the month of april while over 200k full time jobs were lost.
It's a misleading statistic...basically no new workers are entering the workforce with a full time job, rather hours are being cut and former full time employees are having to get 2 jobs. Hence the inflated job numbers but lack of GDP growth
It's a misleading statistic...basically no new workers are entering the workforce with a full time job, rather hours are being cut and former full time employees are having to get 2 jobs. Hence the inflated job numbers but lack of GDP growth
Posted on 5/10/15 at 12:51 pm to heartbreakTiger
Yeah any job we get that has federal money it requires us to fill out some paperwork on the number of jobs it creates. The funny thing is it didn't create any new jobs but the way the shite works it shows up as new jobs in the government database.
Posted on 5/10/15 at 12:53 pm to Stonehog
Let me know when we get more people participating and helping me pay for their entitlements.
Posted on 5/10/15 at 12:54 pm to Agforlife
The sad part is most of America is actually too stupid to understand the simple concepts used to manipulate the job numbers.
Posted on 5/10/15 at 12:56 pm to HailHailtoMichigan!
You're going to hurt stone hogs brain with all that information.
On second thought please provide more and make his head explode.
On second thought please provide more and make his head explode.
Posted on 5/10/15 at 12:57 pm to heartbreakTiger
Yep, it really bugs the owner of the company I work for that the government says they created 20 new jobs just because they picked up 1% of the cost of a project that was being built whether or not they kicked in any money and it didn't cause any new hires.
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