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Despite the fact that every economic indicator points to gang-busters growth for 2014, right-wingers believe we're not growing, in fact, we're apparently in the middle of a massive recession.
Indeed, -750 job losses rivals the worst months of the Great Recession. Heavy heavy "job losses" .
So who is right? Right-wingers (ahaha) or the non-partisan BLS?
321,000 is the number of jobs CREATED, not the number of positions filled.
so no, it would not mean more people were working.
321,000 jobs beign created does not mean 321,000 people got a new job last month.
That is exactly whey the unemployment rate can be unchanged even when we create jobs or even go up.
So all they have to do is say 5,000,000 new job openings this month and wham, we'll have the best month ever, even if 3,000,000 lost their jobs and the economy is tanking?
And people wonder why the stats are called into question all the time..
Despite the fact that every economic indicator points to gang-busters growth for 2014, right-wingers believe we're not growing, in fact, we're apparently in the middle of a massive recession.
Indeed, -750 job losses rivals the worst months of the Great Recession. Heavy heavy "job losses" .
So who is right? Right-wingers (ahaha) or the non-partisan BLS?
Um, the BLS is where the 750K job losses come from..
And while the economy is indeed growing, to state its "gang buster" growth is beyond laughable.. Thats why you get laughed at
the BLS website defines exactly what it means by those numbers. the 156 million number you talk is EVERYONE between 16 and 55, regardless of if they are employed, unemployed or jobless and not looking.
actually the BLS defines working age for the LPR as anyone over 16.....with NO ending age
Civilian noninstitutional population (Current Population Survey) Included are persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.
Quote:
Labor force
The labor force is the sum of employed and unemployed persons. The labor force participation rate is the labor force as a percent of the civilian noninstitutional population. Browse various labor force characteristics. Data also are available by demographic characteristics. See also Not in the labor force.
Discouraged workers are a subset of persons marginally attached to the labor force. The marginally attached are those persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months, but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, discouraged workers were not currently looking for work specifically because they believed no jobs were available for them or there were none for which they would qualify. See also: Not in the labor force and Alternative measures of labor underutilization.
Quote:
Not in the labor force
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching. See also Labor force and Discouraged workers.
Quote:
Employed persons
Employed persons consist of: persons who did any work for pay or profit during the survey reference week; persons who did at least 15 hours of unpaid work in a family-operated enterprise; and persons who were temporarily absent from their regular jobs because of illness, vacation, bad weather, industrial dispute, or various personal reasons. The employment-population ratio represents the proportion of the civilian noninstitutional population that is employed. Data are also available for Demographics, Earnings, Hours of work, and other employment characteristics. See also Labor force and Unemployment.
currently there are about 8000-10000 people in America turning 65 DAILY(an average age of retirement )(and many boomers are putting retirement off till their 70's)
currently there are about 13,000 people in America turning 18 DAILY (bls uses 16, but many youths don't find employment till after college at 21...so 18 is used for an average)
the LPR should actually be growing since you have MORE people coming of age for employment, than you have people coming of age for retirement
Last edited by workingclasshero; 12-06-2014 at 02:31 PM..
Reason: added DAILY
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"everybody getting reported now.."
(set 25 days ago)
Location: Pine Grove,AL
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Quote:
Originally Posted by pghquest
So all they have to do is say 5,000,000 new job openings this month and wham, we'll have the best month ever, even if 3,000,000 lost their jobs and the economy is tanking?
And people wonder why the stats are called into question all the time..
They are only called into question because you didnt understand them.( im not saying that to offend you and if you feel i did, i apologize)
your 5 million vs 3 million number is possible, but its hyperbole, because you are talking about it as if all those people lost their jobs when it is very possible that many quit to find another one, or go back to school or retired(old people, new mothers/fathers).
And if the economy is creating 5 million jobs, then it most likely isnt tanking.
Despite the fact that every economic indicator points to gang-busters growth for 2014, right-wingers believe we're not growing, in fact, we're apparently in the middle of a massive recession.
Indeed, -750 job losses rivals the worst months of the Great Recession. Heavy heavy "job losses" .
So who is right? Right-wingers (ahaha) or the non-partisan BLS?
well CALENDAR 2014 has 24 days left
and FY 14 ended 38 days ago
and many economic indicators show this to be a possible bubble, with rough roads ahead
More than 40% of those jobs were below the mean wage. The scenario of loosing good jobs and replacing them with lower paid jobs continues. And the cheerleaders keep cheering. I guess they will right up to the point when they "say what the ......."
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