Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I don't believe that. Most baby-boomers I know are stuck in hell and are desperately trying to keep working.
They are trying to take care of and support their aging parents while at the same time supporting their kids now living back at home because their college-degrees are worthless in Obama's economy.
Plus they are now getting stuck with the tab of their kid's student loans that they co-signed for and being forced to wipe out their retirement accounts.
It's a great world you Democrats have going out there.
It's funny how you want blame the Democrats for the economy yet fail to mention anything about greedy banks and mortgage companies that created the biggest real estate bubble in American history and then peddled mortgage backed securities and credit default swap on unsuspecting investors that in they in their own words knew were "Sh*t", thus creating the biggest economic downturn since the Great Depression and endangering the entire global financial system. All while George W. Bush Jr. was calling for an "Ownership Society" and a "Hand Off" approach to financial market regulation.
146,000 private sector jobs added, unemployment dips to 7.7%.
Analysts were saying that Sandy would have a big negative effect on both numbers. Just think how good they'd be w/o that boat anchor dragging them down. I heard a report on the radio last night on the way home from work that "underlying" economic factors were all looking positive, too. Wish I could remember the details.
Anyway, the recovery seems to be picking up a little steam. Still a way to go, but we're moving forward.
We're nearing the cliff, so don't hold your breath. Oh yeah, could it be the new jobs added were temporary seasonals?
I don't believe that. Most baby-boomers I know are stuck in hell and are desperately trying to keep working.
They are trying to take care of and support their aging parents while at the same time supporting their kids now living back at home because their college-degrees are worthless in Obama's economy.
Plus they are now getting stuck with the tab of their kid's student loans that they co-signed for and being forced to wipe out their retirement accounts.
It's a great world you Democrats have going out there.
Despite the people YOU may know, the SSA has said outright that their payment statistics show that folks ARE tending to retire early. There are many reasons for that but primarily they are either "health" (37%) or "premature loss of a job" (16%). As I've mention, this means that folks are retiring at a rate FASTER than they are turning 65.
No that's not how it works. Damn, are conservatives that damn dumb? You really think the unemployment rate is calculated by counting students in college who aren't looking for work?
Do you really think that 18year olds in job training programs are counted as unemployed?
You really think 18 year olds living at home with their parent or relative or a friend and who aren't looking for work are counted as unemployed?
Please, Please deal with reality.
uhmmm
Employed persons (Current Population Survey) Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees; worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family; and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.
Employed persons (American Time Use Survey)
Same as definition for Employed persons (Current Population Survey), EXCEPT that in the American Time Use Survey, the definition includes persons 15 years and over and the reference period is the last 7 days prior to the American Time Use Survey interview.
Employment-population ratio (Current Population Survey)
The proportion of the civilian noninstitutional population aged 16 years and over that is employed.
Labor force (Current Population Survey)
The labor force includes all persons classified as employed or unemployed in accordance with the definitions contained in this glossary. (SEE ABOVE)
Labor force participation rate
The labor force as a percent of the civilian noninstitutional population.
It's funny how you want blame the Democrats for the economy yet fail to mention anything about greedy banks and mortgage companies that created the biggest real estate bubble in American history and then peddled mortgage backed securities and credit default swap on unsuspecting investors that in they in their own words knew were "Sh*t", thus creating the biggest economic downturn since the Great Depression and endangering the entire global financial system. All while George W. Bush Jr. was calling for an "Ownership Society" and a "Hand Off" approach to financial market regulation.
This is Obama's economy. It's time for you folks to grow up and stop blaming Bush. And if you want a true picture into creation of the original mess, quit parroting talking points and read Reckless Endangerment by Gretchen Morgenson, a Pulitzer Prize-winning business reporter and columnist at The New York Times, and Joshua Rosner, an expert on housing finance.
It's funny how you want blame the Democrats for the economy yet fail to mention anything about greedy banks and mortgage companies that created the biggest real estate bubble in American history and then peddled mortgage backed securities and credit default swap on unsuspecting investors that in they in their own words knew were "Sh*t", thus creating the biggest economic downturn since the Great Depression and endangering the entire global financial system. All while George W. Bush Jr. was calling for an "Ownership Society" and a "Hand Off" approach to financial market regulation.
You might want to go back and look at who forced banks to make loans to people unqualified under the banks rating systems. And who then created a way for those banks to sell those dangerous loans to the government so they could recapitalize and make more of them. And who, when warned that these GSEs (Fannie & Freddie) were huge and troublesome, fired back by accusing those trying to be responsible of trying to deny home ownership to people. Here, look this quote up in your favorite web browser. See who said it in 2003, and who's really to blame.
Quote:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
I was wqanderif because normally aftera hurricane the area has surge i njobs from temporary hiring in cleanup at least then boom in reconstruction has insurances payoff.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
