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Old 10-16-2012, 05:30 AM
 
Location: the AZ desert
5,037 posts, read 7,756,187 times
Reputation: 8256

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For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

"That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.

The chart [linked] relies on data available from the federal Bureau of Labor Statistics."

As Michelle Obama said last week, "We Are in the Midst of a Huge Recovery".
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Old 10-16-2012, 06:29 AM
 
14,298 posts, read 8,113,535 times
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As Biden put it, "the middle class that has been buried the last four years."
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Old 10-16-2012, 06:33 AM
 
Location: Silver Springs, FL
23,440 posts, read 31,734,898 times
Reputation: 15560
Quote:
Originally Posted by CheyDee View Post
For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

"That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.

The chart [linked] relies on data available from the federal Bureau of Labor Statistics."

As Michelle Obama said last week, "We Are in the Midst of a Huge Recovery".
Hmmmmm, no links in the news piece to verify the numbers.
Okey dokey then...
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Old 10-16-2012, 07:48 AM
 
Location: the AZ desert
5,037 posts, read 7,756,187 times
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Quote:
Originally Posted by kshe95girl View Post
Hmmmmm, no links in the news piece to verify the numbers.
Okey dokey then...
Google is your friend. U.S. Senate Budget Committee
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Old 10-16-2012, 07:51 AM
 
Location: Silver Springs, FL
23,440 posts, read 31,734,898 times
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Quote:
Originally Posted by CheyDee View Post
Google is your friend. U.S. Senate Budget Committee
I shouldnt have to hunt for links, a real news piece would have had them already in there.
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Old 10-16-2012, 07:56 AM
 
Location: the AZ desert
5,037 posts, read 7,756,187 times
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Quote:
Originally Posted by kshe95girl View Post
I shouldnt have to hunt for links, a real news piece would have had them already in there.
Their reference was specifically named. Here is their contact information. If you don't like how they do things, please take it up with them.
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Old 10-16-2012, 08:02 AM
 
Location: Silver Springs, FL
23,440 posts, read 31,734,898 times
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Quote:
Originally Posted by CheyDee View Post
Their reference was specifically named. Here is their contact information. If you don't like how they do things, please take it up with them.
Thanks, but a neocon site like that would pay no attention to critics.
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Old 10-16-2012, 08:12 AM
 
5,787 posts, read 3,974,495 times
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FACT: Obama is still a net jobs killer | WashingtonExaminer.com




Americans Employed, January 2009: 142,187,000
Americans Employed, today: 142,101,000

Jobs in U.S. Economy, January 2009: 133,561,000
Jobs in U.S. Economy, today: 133,300,000

The USA gained LESS jobs in September than it did in August.
The USA gained LESS jobs in August than it did in July.

That is a NEGATIVE TREND.
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Old 10-16-2012, 08:15 AM
 
66,524 posts, read 30,342,821 times
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Quote:
Originally Posted by CheyDee View Post
For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

"That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.

The chart [linked] relies on data available from the federal Bureau of Labor Statistics."
Succinct and easy to understand. That should be fun in tonight's debate.
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Old 10-16-2012, 09:29 AM
 
Location: Ohio
19,924 posts, read 14,242,533 times
Reputation: 16104
Quote:
Originally Posted by CheyDee View Post
For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

"That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.
I'm not sure what the point is.

Labor Force data comes from LNU01000000 Civilian Labor Force Level which stood at 153,455,000 January 2009 and is 155,075,000 at present.

That would be an increase of 1,620,000 people in the Labor Force -- meaning those are people who are working or [actively] looking for work.

The number alone means nothing. According to LNU00000000 Population Level you had 234,739,000 in the US 16 years of age and older in January 2009, and now there are 243,772,000 people.

(243,772,000 - 234,739,000) / 234,739,000 * 100 = 3.85% increase in population 16 years and older.

(155,075,000 - 153,455,000) / 153,455,000 * 100 = 1.06% increase in people available to work.

I don't know that those proportions are out of whack. You'd have to look at the percentage changes in working population versus labor force annually over a period of years and then in the aggregate to determine if something is wrong.

Understand that there is no Economic Law or Theory that says if your GDP increases X% that N number of jobs are created, just as if your GDP decreases X% that N number of jobs are lost, and just because the population increases X% that does not automatically translate into a increase of X% of the work force.

You have to understand that the number of people who ought to be working is determined by the Laws of Economics and not by someone's differently twisted fantasy of how many people should be working.

LNU05000000 Not in Labor Force was 81,293,000 in January 2009 and is now 88,697,000 so 7,404,000 have bowed out of the Labor Force in the last ~4 years.

(88,697,000 - 81,293,000) / 81,293,000 * 100 = 9.12% change.

Demographics is certainly at work here, since Boomers are retiring, so it's not like it's a big surprise.

Have people given up looking for work? I'm sure many have, not that it matters. Why? Because it is the Laws of Economics that determines how many people should be working and not The Boy King™ and not Mittens™.

When you go to the polls three weeks from now to vote, you're on a train-wreck, like the Cassandra Crossing.

If you want the train you're on to fall 1,000 feet into a gorge and then sink 500 feet to the bottom of the water, then vote for The Boy King™.

If you want the train you're on to just fall 1,000 feet into a gorge and then blow up, vote for Mittens™.

But make no mistake about it -- the train you're on is going to wreck and there's nothing you can do to stop it.

Demographically...

Mircea
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