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For Christs sake, Obumbler changed to unemployment calculation, the GDP calculation and anything else he could to make this cluster fawk of a presidency come close to anything better than the miserable failure it is.
Let's recalculate Regans numbers using the village idiots method and see how the tie out.
Yeah, "Pay no attention to the man behind the curtain".
Good news for the nation...so of course the conservatives are trying desperately to find some reason not to believe it. 'You can't trust the numbers!' usually right around the time they've quoted some number that seems to support their argument (like all the people who've dropped out of the work force -- that's a gov't sourced number too). Or 'the source is a liberal liar' -- they never argue *facts*.
The facts are that every economic indicator is improving. Unemployment -- like it or not -- is just 6.1% nation wide. Car dealers had their best August in 11 years. Consumer confidence is up. Exports are up. The deficit is down and dropping. More Americans have health care/insurance. Crime is down.
Just roll with it, guys. Sooner or later things will start to sink again and then you can be happy again.
and let's look at those facts:
the socalled rate may be trending downward...but actual unemployment is not
UE RATE jan 2009....7.8 (the lowest month that ENTIRE YEAR
Americans Employed, January 2009:.................. 142,187,000
Americans employed Full-Time............................127,472,000 .
Employment: You might want to recork that bottle of champagne that you planned to open after another big jobs report. Reality has intervened, with jobs rising a disappointing 142,000 in August. The weakness is no fluke.
Many economists and politicians treated the six-month string of 200,000-plus job gains as a major achievement. But in fact it was merely a slight pickup in the pace of what has been an unusually slow recovery in the U.S. since the recession ended in June 2009.
The August jobs report is an example. Unemployment edged down to 6.1% from 6.2% — “good” news until you realize it fell only because more Americans stopped looking for jobs. A record 92.3 million adults are now “out of the workforce.”
Economists note that previous August job reports have tended to be revised upward — and that this report will be, too.
Fair enough. And, as we’ve said before, one month does not a trend make. But when you have 62 months, which is how long it’s been since the last recession ended, you can see some clear trends:
• For all recoveries since World War II, cumulative job growth has averaged 12.5%. This time, job growth is just 6.2%, the worst on record. Based on this, we would need 8.19 million more jobs just to reach “average.” That’s not a real job recovery at all.
• The labor force shrank 64,000 in the most recent month, pushing the participation rate to 62.8%. The last time it was that low, Jimmy Carter was president.
• A new report says 1-in-3 workers today is a “freelance” — that means 53 million workers without a regular job to go to.This is what qualifies as “employment” in the job-barren Age of Obamanomics.
• In August, the number of hours worked — a proxy for GDP growth — and average hourly wages both rose 2.1% from last year. That only barely beats the current inflation rate of 2%. Not much growth there.
• New data from the Fed show that only the top 10% of American earners have seen their incomes rise under Obama. The rest of us have taken a pay cut.
Despite 0% interest rates, $7 trillion in added debt, more than $1.5 trillion in stimulus, and the Fed creating more than $4.5 trillion in new money out of thin air, our economy just stumbles along.
Those hoping for a sudden burst of job-creating growth aren’t likely to see it until there’s a change in Washington. Until then, keep the champagne on ice.
Obama also beats Reagan on having more Trickle Down Economics through his support of making every FED selection a person who advocates QE.
Funny how Obama literally campaigns against Trickle Down to the cheers of his adoring fans, while actually engaging in more trickle down than any president ever.
Much has been made about the poor results of the labor participation rate, which has shown more stubborn recalcitrance as this rate remains higher even as jobs have grown.
U3 v U6 1994-2014
Bob Deitrick: “The labor participation rate adds in jobless part time workers and those in marginal work situations with those seeking full time work. This is not a “hidden” unemployment. It is a measure tracked since 1900 and called ‘U6.’ today by the BLS.
As this chart shows, the difference between reported unemployment and all unemployment – including those on the fringe of the workforce – has remained pretty constant since 1994.
Source: Bureau of Labor Statistics - Databases, Tables and Calculators by Subject
Labor participation is affected much less by short-term job creation, and much more by long-term demographic trends. As this chart from the BLS shows, as the Baby Boomers entered the workforce and societal acceptance of women working changed, labor participation grew.
Now that ‘Boomers’ are retiring we are seeing the percentage of those seeking employment decline. This has nothing to do with job availability, and everything to do with a highly predictable aging demographic.
What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the 8 years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”
I think you misunderstand the "right".. We're far more willing to celebrate the success of the nation than the left is willing to admit we dont have it..
I just want to celebrate America's success and it has nothing to do with who's President.
From a purely political standpoint I would've been happier if this had happened under my man George Bush. However, that's not going to take away from the fact that we're moving again as a nation. Why wallow in negativity and spin our wheels trying to knock down our country's strength?
What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the 8 years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”
Very interesting. Yes, the boomers were in their prime during the 1980s, and now they are dropping out of the workforce.
Much has been made about the poor results of the labor participation rate, which has shown more stubborn recalcitrance as this rate remains higher even as jobs have grown.
U3 v U6 1994-2014
Bob Deitrick: “The labor participation rate adds in jobless part time workers and those in marginal work situations with those seeking full time work. This is not a “hidden” unemployment. It is a measure tracked since 1900 and called ‘U6.’ today by the BLS.
As this chart shows, the difference between reported unemployment and all unemployment – including those on the fringe of the workforce – has remained pretty constant since 1994.
Source: Bureau of Labor Statistics - Databases, Tables and Calculators by Subject
Labor participation is affected much less by short-term job creation, and much more by long-term demographic trends. As this chart from the BLS shows, as the Baby Boomers entered the workforce and societal acceptance of women working changed, labor participation grew.
Now that ‘Boomers’ are retiring we are seeing the percentage of those seeking employment decline. This has nothing to do with job availability, and everything to do with a highly predictable aging demographic.
What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the 8 years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”
Quote:
Originally Posted by Finn_Jarber
Very interesting. Yes, the boomers were in their prime during the 1980s, and now they are dropping out of the workforce.
and yet:
the number of Americans age 55+ looking for Part-Time work is 324,000.
On the other hand, 1.14 Million Americans 55+ are looking for Full-Time work.
funny forbes didn't mention these numbers....
or these
there are 20,219,890 that are 15-19 in the usa
Democracy Class is an important part of Rock the Vote’s outreach plan in 2011 and beyond, considering almost 13,000 young people turn 18 every day.
So-called "Millennials" outnumber all generations before them; today there are 17 million more Millennials alive than Baby Boomers, and 27 million more Milliennials than there are members of Generation X. By the year 2012, Millennials will represent 24% of the voting age population and 36% by 2012.
----------------------
In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day. Boomers Turning 65, Boomer Voices, Baby Boom Generation - AARP.org
---------------------------
Source: U.S. Census Bureau, Saperston Companies, Bankrate
Research Date: 1.1.2014
Total Number of Americans who turn 65 per day............6,000 Retirement Statistics | Statistic Brain
FACT: number of americans turning 65 daily.....6,000
number of americans turning 18 daily...... 13,000
with only 6k of people being ELIGIBLE to retire, yet 13k are ELIGIBLE to COME IN TO the work force...the work force SHOULD be increasing...yet the politicians play with numbers....
you have LESS people working full time than when Obama took the helm... you have 13 million more people in the population since the change of command.......sorry the 'rate' should be way higher than when obama took over which was 7.1
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