U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-22-2012, 12:01 PM
 
Location: NJ
18,668 posts, read 17,452,649 times
Reputation: 7284

Advertisements

Bureau of Labor Statistics Data

My hunch is if the no meaningful job growth clown wins again, we'll hit 60 or less by 1/17.

5 straight months now with fewer jobs added than the 150k needed just to maintain unemployment rates w/o resorting to more discouraged workers quitting the workforce to mask the problem.
Reply With Quote Quick reply to this message

 
Old 09-22-2012, 12:03 PM
 
Location: Texas
14,969 posts, read 14,486,833 times
Reputation: 4572
Another point - most of the new jobs actually created have only been part-time jobs.

And more than half pay less than $14 per hour.

http://www.nytimes.com/2012/08/31/bu...inds.html?_r=3

Things are really bad. Really, really bad. And, no, they're not getting better. The trajectory may be better than it was in 2008, but things are still getting worse and there has been no improvement in the trajectory since mid 2010.

Last edited by afoigrokerkok; 09-22-2012 at 12:13 PM..
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:04 PM
 
Location: Great State of Texas
86,068 posts, read 74,049,856 times
Reputation: 27598
Maybe more people are becoming independently wealthy and don't need to work ?

I've read that it's due to boomers retiring.
Then again I read that boomers aren't leaving jobs and that's causing a bottleneck for the young to enter business.


Every day/week there's a different story explaining it. I give up.
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:07 PM
 
20,316 posts, read 12,819,463 times
Reputation: 11488
Quote:
Originally Posted by bobtn View Post
Bureau of Labor Statistics Data

My hunch is if the no meaningful job growth clown wins again, we'll hit 60 or less by 1/17.

5 straight months now with fewer jobs added than the 150k needed just to maintain unemployment rates w/o resorting to more discouraged workers quitting the workforce to mask the problem.
IF Obama wins (which is unlikely), that nation is finished. We have the worst president in US history in the Oval Office. If he cannot be defeated, it means that no conservative candidate will ever be elected, as it is very unlikely that a worse candidate than Obama will ever come along.
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:09 PM
 
47,533 posts, read 61,746,477 times
Reputation: 22304
Quote:
Originally Posted by afoigrokerkok View Post
Another point - about half the jobs actually created have only been part-time jobs. More than half pay less than $14 per hour.

http://www.nytimes.com/2012/08/31/bu...inds.html?_r=3

Things are really bad. Really, really bad. And, no, they're not getting better. The trajectory may be better than it was in 2008, but things at this point are only getting less bad, not better. And there has been no improvement in the trajectory since mid 2010.
Or they are jobs that are being given to illegals -- remittances to Mexico were way up in 2011 and they're up even higher in 2012. One group is doing exceptionally well it seems. They've got more left-over money at the end of the month after bills and living costs that they can send hundreds of dollars out of the country.
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:10 PM
 
Location: NJ
18,668 posts, read 17,452,649 times
Reputation: 7284
Quote:
Originally Posted by afoigrokerkok View Post
Another point - about half the jobs actually created have only been part-time jobs. More than half pay less than $14 per hour.

Things are really bad. Really, really bad. And, no, they're not getting better. The trajectory may be better than it was in 2008, but things at this point are only getting less bad, not better. And there has been no improvement in the trajectory since mid 2010.
Half of Obooboo's drop occured after "Recovery Summer". Biden is the VP to give us someone to laugh at , right..like Ted Baxter?

PS, the rate was incredibly steady under 43.
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:31 PM
 
33,031 posts, read 22,810,330 times
Reputation: 8974
Quote:
Originally Posted by HappyTexan View Post
Maybe more people are becoming independently wealthy and don't need to work ?

I've read that it's due to boomers retiring.
Then again I read that boomers aren't leaving jobs and that's causing a bottleneck for the young to enter business.


Every day/week there's a different story explaining it. I give up.

Gonna retire?
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:37 PM
 
Location: Texas
14,969 posts, read 14,486,833 times
Reputation: 4572
Quote:
Originally Posted by HappyTexan View Post
Maybe more people are becoming independently wealthy and don't need to work ?

I've read that it's due to boomers retiring.
Then again I read that boomers aren't leaving jobs and that's causing a bottleneck for the young to enter business.


Every day/week there's a different story explaining it. I give up.
A big part of it is that people are going on disability. More people are going on disability than finding jobs.

I'm sure a lot of people are claiming "depression" or something as a reason to get disability. I'm not necessarily saying I blame them - people are desperate.

Another thing is that a lot of the young are staying in school longer and longer when they wouldn't be otherwise - accumulating more debt and then once they finally leave school they can only get jobs they wouldn't have needed the extra education for in the first place.

Labor force participation is increasing among those 60 and older and decreasing among those 16-59. It's decreasing the most among those from 16-24, but it is decreasing in every age group up to 60.
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:41 PM
 
Location: Texas
14,969 posts, read 14,486,833 times
Reputation: 4572
Something to consider about the nonfarm payrolls numbers. If so many of the jobs created are part time and a lot of people are taking multiple part time jobs to make ends meet, it is plausible that when we see, for example, "100,000 jobs created" in a month it could really mean only 80,000 people who weren't working before got jobs.

This could explain some of the inconsistency between the household surveys and the establishment surveys. There is another huge factor that could explain the inconsistencies as well and that would be that the number of startup businesses is way down and they could be overestimating them.

Last edited by afoigrokerkok; 09-22-2012 at 01:12 PM..
Reply With Quote Quick reply to this message
 
Old 09-22-2012, 12:49 PM
 
47,533 posts, read 61,746,477 times
Reputation: 22304
Quote:
Originally Posted by afoigrokerkok View Post
A big part of it is that people are going on disability. More people are going on disability than finding jobs.

I'm sure a lot of people are claiming "depression" or something as a reason to get disability. I'm not necessarily saying I blame them - people are desperate.

Another thing is that a lot of the young are staying in school longer and longer when they wouldn't be otherwise - accumulating more debt and then once they finally leave school they can only get jobs they wouldn't have needed the extra education for in the first place.

Labor force participation is increasing among those 60 and older and decreasing among those 16-59. It's decreasing the most among those from 16-24, but it is decreasing in every age group up to 60.
That alone tells you that many getting disability are scammers.

If disability meant you had to have a physical or mental limitation, then you would expect to see the increase in disability for those over 60 -- but they are actually the ones with the higher labor force participation.
Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top