Jobs Report Disappoints, Participation Rate Falls to Lowest Since 1977

[fskimospy]

LOL, its fun to read what you type. It's fun to see how someone reacts when they start with the premise that they are right and that it can't be argued because they say so. Even on a subject that is definitely arguable to anyone that is at all remotely objective. Maybe if you started with a more realistic premise that things are arguable one way or another it might help. But no, typical eski, always right and that's a fact.

You are literally posting links that either contradict you or say something different than what is being argued. Even if it is arguable, you are failing to do so because you're posting links that disprove what you say.

Are you even bothering to read your own links before you post them? This is shades of the Allen West thread.

 

[xBiffx]

You are literally posting links that either contradict you or say something different than what is being argued. Even if it is arguable, you are failing to do so because you're posting links that disprove what you say.

Are you even bothering to read your own links before you post them? This is shades of the Allen West thread.

Sure thing. Omnipotent one.

 

[Capt Caveman]

Your reaction was predictable like I said.

Here's another:

http://www.zerohedge.com/news/2015-...w-we-are-much-worse-just-last-economic-crisis

You asked for something, I gave it to you.

Economic Collapse Blog? :biggrin:

 

[xBiffx]

Economic Collapse Blog? :biggrin:

I wasn't trying hard at all. But then again, I wasn't given a hard task either. I don't like putting in too much effort, I'm lazy. My diabeetus takes up all my time.

 

[brycejones]

Typical bryce post. Worthless.

And welcome:



Not that there is much to ignore, but it does tidy things up a bit.

Awesome! Guess he can't handle the truth.

 

[Bowfinger]

Anecdotal evidence isn't compelling at all. Can you provide me a single source that says the US economy is either equally bad or worse than it was in January, 2009?

http://www.forbes.com/sites/briando...my-is-worse-than-bushs-by-obamas-own-numbers/ ...

From your own link:

In the four and a half years since the close of 2008, the American economy has grown at the inflation-adjusted rate of 1.6% per year.

Eskimospy is absolutely correct. Your own link refutes your position, in spite of being an openly biased right-wing op-ed. When your own op-eds reveal you to be a clueless twit, it's really time for you to crawl out of your bubble and reexamine your beliefs.

 

[umbrella39]

Why does Obama keep making all the baby boomers retire? We need our senior citizens working goddammit.

No shit.

There are roughly 93.8 million Americans who are not in the work force,

Only 6.1 million of them want a job, according to the Bureau of Labor Statistics.

The vast majority are students, stay-at-home parents, retired seniors and others who do not want to work. In fact, 37.3 million of the 93.8 million, or 40 percent, are 65 years old or older.

Is this really that hard to understand? I think not. DERP DERP.

 

[Hugo Drax]

Americans need to stop F**king and making babies like the Japanese. This way the population count will eventually match the available job slots for each human.

Japanese "Millennials" no longer have sex or make babies, so by 2060 Japans population will drop 30%

 

[Phokus]

Americans need to stop F**king and making babies like the Japanese. This way the population count will eventually match the available job slots for each human.

Japanese "Millennials" no longer have sex or make babies, so by 2060 Japans population will drop 30%

America has a below replacement level birthrate. The difference between America and Japan is that America has high immigration. That and increasing life expectancy are what's keeping our population afloat.

Having a population go down is bad for an economy.

 

[TheSlamma]

America has a below replacement level birthrate. The difference between America and Japan is that America has high immigration. That and increasing life expectancy are what's keeping our population afloat.

Having a population go down is bad for an economy.

It's just people running around buying disposable junk that doesn't matter though (bad for the planet too). It's short term economics is all it is.

Much of the money goes right up the ladder to the top 1% because the labor isn't being done here and the worker pay between raw materials up are miniscule until it reaches the almighty "profit margin" phase. During the last 2 economic downturns before the mortgage crisis both of them had credit card spending as the first or second biggest debts. That means people were even spending money they didn't have and the spending based economy still couldn't keep up.

This is also my problem with UE1 numbers, it doesn't count the Millennials who have given up ENTIRELY on this workforce. Every report is different but what we do know is LOTS of them are living at home still cause they can't get jobs. With computers, off shoring and robotics do we even have enough jobs to employ these people?

 

[Hugo Drax]

America has a below replacement level birthrate. The difference between America and Japan is that America has high immigration. That and increasing life expectancy are what's keeping our population afloat.

Having a population go down is bad for an economy.

but an economy is not sustainable if you have more humans than job slots.

We keep sending more jobs overseas, automating more jobs here. These things means we end up with a surplus population of non productive humans.

We have a below replacement level, but we need to kick it up several notches more. And just close off immigration like Japan.

Once we reach equilibrium then we can see.

 

[Hugo Drax]

It's just people running around buying disposable junk that doesn't matter though (bad for the planet too). It's short term economics is all it is.

Much of the money goes right up the ladder to the top 1% because the labor isn't being done here and the worker pay between raw materials up are miniscule until it reaches the almighty "profit margin" phase. During the last 2 economic downturns before the mortgage crisis both of them had credit card spending as the first or second biggest debts. That means people were even spending money they didn't have and the spending based economy still couldn't keep up.

This is also my problem with UE1 numbers, it doesn't count the Millennials who have given up ENTIRELY on this workforce. Every report is different but what we do know is LOTS of them are living at home still cause they can't get jobs. With computers, off shoring and robotics do we even have enough jobs to employ these people?

No, there is not enough living wage jobs available for the current population in the USA.

in late 1950s the average 30 year old had a home and family and a passbook savings and pension.

In 2015 the average 30 year old has to live at home and probably have an 80K debtload and poor job prospects.

This is not sustainable in the long run. History always repeats and the results always end up the same.

 

[ivwshane]

Americans need to stop F**king and making babies like the Japanese. This way the population count will eventually match the available job slots for each human.

Japanese "Millennials" no longer have sex or make babies, so by 2060 Japans population will drop 30%

I can only hope that means you aren't breeding.

 

[First]

lol. It's always funny to see loser P&N posters attempt to have big boy conversations on topics they're entirely out of their league in.

 

[Cerpin Taxt]

lol. It's always funny to see loser P&N posters attempt to have big boy conversations on topics they're entirely out of their league in.

And there is no shortage of that going on in this forum. Good lord. I feel like I'm taking crazy pills.

 

[Jhhnn]

Well, if we had no safety or pollution regulations, no workers' comp, no payroll taxes, & if we'd work for Chinese wages then the mighty Job Creators! would hire more of us, right?

xBiffx is like a native american circa 1870 who came across miles of rotting buffalo carcasses & couldn't figure out that the white man shot 'em all. Musta been magic.

 

[sm625]

Stop being so negative. The economy is roaring. In another year or so, the number of full time jobs will finally exceed the 2007 peak. That is cause to celebrate!!!!!

 

[SheHateMe]

People are just now realizing they actually need skills and/or an education to good jobs.

I know too many people who said College was a waste of time when we got out of HS and that they were just going to do a trade....

Yea, you and everyone else are trying to do a trade.

 

[Jhhnn]

Stop being so negative. The economy is roaring. In another year or so, the number of full time jobs will finally exceed the 2007 peak. That is cause to celebrate!!!!!

All because of the great & benevolent Job Creators! Worship them!

I'm with Bernie- the way that the benefits of growth have been distributed since the Ownership Society meltdown have done damned little for the American public at large, but the financial elite are richer than ever. Growth in the financial sector just means they're making more bets w/ less likelihood of covering them the next time it falls down.

 

[senseamp]

Looks like a solid report with 223K jobs created.
Not sure what's disappointing about it.

 

[werepossum]

It's just people running around buying disposable junk that doesn't matter though (bad for the planet too). It's short term economics is all it is.

Much of the money goes right up the ladder to the top 1% because the labor isn't being done here and the worker pay between raw materials up are miniscule until it reaches the almighty "profit margin" phase. During the last 2 economic downturns before the mortgage crisis both of them had credit card spending as the first or second biggest debts. That means people were even spending money they didn't have and the spending based economy still couldn't keep up.

This is also my problem with UE1 numbers, it doesn't count the Millennials who have given up ENTIRELY on this workforce. Every report is different but what we do know is LOTS of them are living at home still cause they can't get jobs. With computers, off shoring and robotics do we even have enough jobs to employ these people?

Well said.

I actually agree that participation rates are critically important, I just don't have a good way to analyze it. If my company folded and I could only find a minimum wage job, my wife would also have to get a job. That would be a net gain for participation, yet we would be worse off.

Stop being so negative. The economy is roaring. In another year or so, the number of full time jobs will finally exceed the 2007 peak. That is cause to celebrate!!!!!

+1

People are just now realizing they actually need skills and/or an education to good jobs.

I know too many people who said College was a waste of time when we got out of HS and that they were just going to do a trade....

Yea, you and everyone else are trying to do a trade.

Skilled trades are actually still a very viable path to middle class prosperity, but not everyone can get in. Unless one happens to be a minority in an area where the union is short of that particular minority, it can often be difficult to get in unless one has family in the union. Community colleges offer another path, but one has to have the money or be poor enough to get government aid. And even then, one starts the job hunt without the experience gained in apprenticeship programs.

Also, a lot of people don't understand that trades like plumbing and electrical require math skills, so people that totally blew off high school find the schooling hard going. And people who opt for easier, low paying trades like commercial foods learn that corporations tend to want some college to move up into management.

 

[Newell Steamer]

OP, if you keep spinning like that, that pea you like to pass off as a brain will shoot out your ear or nose,... or one of the various other holes in your head.

 

[TheSlamma]

Skilled trades are actually still a very viable path to middle class prosperity, but not everyone can get in. Unless one happens to be a minority in an area where the union is short of that particular minority, it can often be difficult to get in unless one has family in the union. Community colleges offer another path, but one has to have the money or be poor enough to get government aid. And even then, one starts the job hunt without the experience gained in apprenticeship programs.

Also, a lot of people don't understand that trades like plumbing and electrical require math skills, so people that totally blew off high school find the schooling hard going. And people who opt for easier, low paying trades like commercial foods learn that corporations tend to want some college to move up into management.

+1

Right now in many major cities skilled trades are doing very well and IMO have a good outlook. I think some of our culture needs to stop painting ALL blue collar jobs as something that is a stop gap between entry level and a "successful career"

I am surrounded by people with STEM degrees, in my job, in my personal life and on the street I live on. Something many of them have in common is they are not handy at plumbing, electrical, home remodel etc and have to hire out that work to be done. It's an exchange that works out good for both parties and actually strengthens the middle class. The everyone run out and get a STEM degree is as delusional as the "Haves and the will haves" (when it comes to us all being rich millionaires)

I know too many people who said College was a waste of time when we got out of HS and that they were just going to do a trade....

Yea, you and everyone else are trying to do a trade.

Youtube Stars and Video Game Athletes don't count

 

[Jhhnn]

People are just now realizing they actually need skills and/or an education to good jobs.

I know too many people who said College was a waste of time when we got out of HS and that they were just going to do a trade....

Yea, you and everyone else are trying to do a trade.

What people aren't realizing, particularly Righties, is that American capitalists don't need nearly as many domestic employees as they once did. More college grads in good paying fields just drives wages down, anyway.

X job slots, X plus a gazillion applicants. Take on a mountain of debt & they won't even let you run in the rat race, let alone win it.

 

[chucky2]

I'm not sure what to believe honestly. Localized here in the Chi area, when we're out and about (frequently, especially on the highways), there sure is a lot of traffic, and, especially truck traffic. A couple of months ago I was stopped by a freight train for the 3rd time that day and I txted my bud who is a controller for one of the major yards to good naturedly bust his chops for F'ing with me, and he called me back to say sorry about that...but then seriously told me that they had been slammed with freight traffic for a while and no signs of letting up. Obviously all one off personalized things, but to me, it sure doesn't seem like the economy is doing bad.

Then again, still know plenty of people who are quality hires that can't either get a job, or, can only find completely sh1t jobs and/or jobs that are temporary in nature. Know plenty of people who normally would have retired by now who aren't, their grown @ss adult kids are at home (for no reason other than they can't find a quality job). Hard to really say what the reason for low job participation is. It is interesting though: A lot of these younger (I'm 37) kids seem to be perfectly content if they've got a cell phone, TV, Internet, and a sh1tty place to stay. It's like the value system has changed in the past generation or two, can't say if it's just from people wanting to be different, or, maybe circumstances have made their values change. If I was college age or a grad and couldn't find a good job I'd be going F'ing nuts doing whatever I needed to do to be making (in the Chi area at least) $60k+ a year. There are so many of these folks that are making half that - if that - and they've got no/shit car, $500 cell, Internet, shit TV, and are seemingly content in life. I just can't understand these people...