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Old 01-09-2015, 11:54 AM
 
794 posts, read 813,361 times
Reputation: 1142

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Quote:
Originally Posted by Ace Rothstein View Post
Professional/Business Services: 52,000 jobs
I wonder if cell phone store employees, mall workers and general retail are considered "Professional/Business Services"?

Quote:
Construction: 48,000 jobs
Ok, temp jobs here.

Quote:
Food Services: 44,000 jobs
Chipotle, Wendy's..

Quote:
Health Care: 34,000 jobs
Legit.


Quote:
Manufacturing: 17,000 jobs
Overlaps with food service, burger builders do count as manufacturing after all...
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Old 01-09-2015, 11:55 AM
 
Location: NoVa
803 posts, read 1,662,732 times
Reputation: 873
Quote:
Originally Posted by Robert_J View Post
If we are adding more jobs, why are the numbers of people leaving the workforce at record highs? Before anyone says that Breitbart is a partisan site, there is a link to the Bureau of Labor Statistics press release in the article.

Record 92,898,000 Americans Not In The Workforce - Breitbart

The metric they use:http://data.bls.gov/timeseries/LNS15000000



Yeah, it's such a shame that Grandma isn't scrubbing toilets or flipping burgers.
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Old 01-09-2015, 11:58 AM
 
Location: Chicago, IL
1,988 posts, read 2,212,173 times
Reputation: 1536
Quote:
Originally Posted by Mr. Maryland View Post
I wonder if cell phone store employees, mall workers and general retail are considered "Professional/Business Services"?



Ok, temp jobs here.



Chipotle, Wendy's..



Legit.




Overlaps with food service, burger builders do count as manufacturing after all...
Thanks for proving you don't know what you are talking about.
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Old 01-09-2015, 11:59 AM
 
Location: Pasadena, CA
9,828 posts, read 9,371,431 times
Reputation: 6288
Quote:
Construction employers added 48,000 jobs in December and 290,000 for the year—the largest annual increase since 2005—as the sector's unemployment rate fell to 8.3 percent, according to an analysis by the Associated General Contractors of America (AGC). AGC officials said many firms are expanding payrolls to keep pace with growing construction demand, but are having a hard time finding qualified workers to fill key positions.
Temp jobs, eh?
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Old 01-09-2015, 12:01 PM
 
Location: New Albany, Indiana (Greater Louisville)
11,974 posts, read 25,372,907 times
Reputation: 12187
The economy has improved a lot but it's still worse than in past decades. We haven't seen a great economy since the 1990s. 40% of working age Americans don't work, some choose not to others try but can't find work. That's a big problem.
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Old 01-09-2015, 02:26 PM
 
Location: Ohio
24,623 posts, read 19,070,582 times
Reputation: 21738
Quote:
Originally Posted by Finn_Jarber View Post
Also, looks like November and October numbers were revised heavily up.

2014 was America's best year of job growth since 1999 - Jan. 9, 2015

More than 2.95 million jobs were created last year, according to the latest figures from the Department of Labor.

It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.

The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Quote:
Originally Posted by Finn_Jarber View Post
What percentages? We added 3 millions jobs making it the best year since 1999. It means we have not added that many in 15 years.

It's not the only way to go. In 2008 it went the exact opposite direction at a pace of over 600 000 jobs lost per month.

How short are people's memories?
Apparently longer than yours. CNN is wrong as usual.

For those seeking Truth....

Top 10 Years of Net Job Gains Since 1980


1984 4,171,000
2000 3,403,000
1997 2,850,000
1987 2,843,000
1994 2,801,000
2006 2,697,000
2012 2,600,000
1988 2,528,000
2005 2,478,000
1986 2,447,000

Although factually correct and truthful, we're lacking context here. We need to be examining job creation relative to other factors.

So let's do that.

Top 10 Years of Net Jobs Created Relative to Population


1984 2.36%
2000 1.60%
1987 1.56%
1994 1.42%
1997 1.40%
1988 1.37%
1986 1.36%
1989 1.27%
1985 1.20%
2006 1.18%

In plain English, that's the number of new jobs created per person (and we're talking about the Non-Institutional Civilian Population Age 16+).


Top 10 Years of Net Jobs Created Relative to Net Population Increase


1984 192.39%
1994 141.75%
1988 135.91%
1989 133.37%
1987 131.26%
1985 117.66%
1997 112.12%
2014 104.76%
1995 103.95%
1986 102.77%

Finally, we ought to look at the relationship between jobs created and the size of the Labor Force, rather than the Population.


Top 10 Years of Net Jobs Created Relative to Labor Force Size

1984 3.67%
2000 2.39%
1987 2.37%
1994 2.14%
1997 2.09%
1988 2.08%
1986 2.08%
1989 1.92%
1985 1.86%
2006 1.78%

At most, you can claim that 2014 ranks on the high end of Mediocre, otherwise there's nothing special about it.

Happily debunking....


Mircea
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Old 01-09-2015, 02:37 PM
 
Location: Dallas, TX
31,767 posts, read 28,739,560 times
Reputation: 12341
Quote:
Originally Posted by censusdata View Post
The economy has improved a lot but it's still worse than in past decades.
Such as?
Quote:
We haven't seen a great economy since the 1990s.
Great economy? I'm not sure what that means anymore... but I do agree that late 90s saw impressive employment numbers that we're unlikely to see again, followed by the debacle that lasted nearly a decade (which I hope we never see again).
Quote:
40% of working age Americans don't work, some choose not to others try but can't find work. That's a big problem.
How do you define working age?
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Old 01-09-2015, 02:43 PM
 
Location: Great State of Texas
86,052 posts, read 84,222,269 times
Reputation: 27718
One thing Yellen mentioned that is troublesome is that the past 3 recessions/recoveries have not seen wage recoveries.
Historically wage recovery comes along with the job recovery but our last 3 recessions have not seen that.

She's worried but still intends to raise interest rates.

Oh and it's not just the US that sees this new trend. The same trend is seen in Britain. They have not seen wage recovery either.
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Old 01-09-2015, 02:44 PM
 
Location: Dallas, TX
31,767 posts, read 28,739,560 times
Reputation: 12341
Quote:
Originally Posted by HappyTexan View Post
One thing Yellen mentioned that is troublesome is that the past 3 recessions/recoveries have not seen wage recoveries.
Historically wage recovery comes along with the job recovery but our last 3 recessions have not seen that.
Which three recessions would be these?
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Old 01-09-2015, 03:46 PM
 
Location: Pasadena, CA
9,828 posts, read 9,371,431 times
Reputation: 6288
Quote:
Originally Posted by Mircea View Post
Apparently longer than yours. CNN is wrong as usual.

For those seeking Truth....

Top 10 Years of Net Job Gains Since 1980

1984 4,171,000
2000 3,403,000
1997 2,850,000
1987 2,843,000
1994 2,801,000
2006 2,697,000
2012 2,600,000
1988 2,528,000
2005 2,478,000
1986 2,447,000

Although factually correct and truthful, we're lacking context here. We need to be examining job creation relative to other factors.

So let's do that.

Top 10 Years of Net Jobs Created Relative to Population

1984 2.36%
2000 1.60%
1987 1.56%
1994 1.42%
1997 1.40%
1988 1.37%
1986 1.36%
1989 1.27%
1985 1.20%
2006 1.18%

In plain English, that's the number of new jobs created per person (and we're talking about the Non-Institutional Civilian Population Age 16+).


Top 10 Years of Net Jobs Created Relative to Net Population Increase

1984 192.39%
1994 141.75%
1988 135.91%
1989 133.37%
1987 131.26%
1985 117.66%
1997 112.12%
2014 104.76%
1995 103.95%
1986 102.77%

Finally, we ought to look at the relationship between jobs created and the size of the Labor Force, rather than the Population.


Top 10 Years of Net Jobs Created Relative to Labor Force Size

1984 3.67%
2000 2.39%
1987 2.37%
1994 2.14%
1997 2.09%
1988 2.08%
1986 2.08%
1989 1.92%
1985 1.86%
2006 1.78%

At most, you can claim that 2014 ranks on the high end of Mediocre, otherwise there's nothing special about it.

Happily debunking....

Mircea

1984 saw unemployment hover between 7.3-8%. 1984, not 2014, is a perfect example of the economy growing like crazy because it had nowhere to go but up.

Fun fact: Reagan's America didn't see sub-5.6% unemployment until April 1988, his final year in office. At this point in his presidency it stood at 6.6%. Yeah, the economy created jobs, and the public sector thrived, but it wasn't enough to bring unemployment to healthy levels until the end of the decade. The recession Reagan and Congress had to deal with was nowhere near as calamitous as the Great Recession either.

2000, now THAT'S enviable growth. To add 3.4 million jobs to an economy that was already kicking butt is very impressive.
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