Jobless rate falls, but only because workforce shrinks to 40-yr low

Discussion in 'News / Current Events' started by thisnumbersdisconnected, Jan 10, 2014.

  1. thisnumbersdisconnected

    thisnumbersdisconnected
    Expand Collapse
    New Member

    Joined:
    Apr 11, 2013
    Messages:
    8,448
    Likes Received:
    0
    [​IMG]
    OK, all you Great Pretender defenders, leap in here and tell me how this isn't your idol's fault. Please, spew your excuses about how the jobless rate dropped and it doesn't make any difference how. Tell me how it's perfectly OK that 37.2% of our able bodied workers have grown so discouraged with the economy that they've stopped looking, or how it is perfectly OK to assume they've "stopped looking" simply because their unemployment benefits ran out.

    Go ahead. I can't wait to read your nonsense.
     
    #1 thisnumbersdisconnected, Jan 10, 2014
    Last edited by a moderator: Jan 10, 2014
  2. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,219
    Likes Received:
    612
    Not an Obama defender by any means, but surely you know that the President does very little to influence an economic recovery. (Think back to 2002, you were likely to be stating this as fact as the Bush recovery was lagging.)

    The economy added 440,000 jobs that past two months and right wing talking heads said that was a fluke. Now the December report says there were only 74,000 jobs added and that is being put forth as indicative of the economy as a whole.

    There is a recovery happening. It's the slowest, most protracted one in history. Employment numbers are always the last economic indicator to move.

    As to the shrinking of the overall workforce numbers that is due to the fact that there are 10,000 baby boomers retiring EVERY DAY.
     
  3. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,219
    Likes Received:
    612
    Looking at the raw data--which I recommend to anyone, rather than relying on someone's slanted take on it--shows that 6,000 health care workers were laid off, compared to an average addition of 17,000 per month through all of 2013. This is the direct result of the health care device companies laying off people because they need to find the money to pay for the ObamaCare medical device taxes on sales (not profits!).
     
  4. thisnumbersdisconnected

    thisnumbersdisconnected
    Expand Collapse
    New Member

    Joined:
    Apr 11, 2013
    Messages:
    8,448
    Likes Received:
    0
    yeah yeah yeah

    I hear this every time the jobless rate rises or falls. Bull.

    The guy in the White House sets the tone, and I don't care which party he is affiliated with, or what color he is. He may not create jobs himself, but he influences those that do. By the economic policies he enacts, he has a direct effect on what business decide to do in the realm of hiring, increasing production, expanding markets -- or not.

    The worst part of the statistics, and the one you didn't address, is the loss of over 300,000 people from the job market. It isn't that they've truly stopped looking, it is that the government doesn't count them because their benefits ran out. How they can determine from Washington that a guy in South Dakota "isn't looking" simply because his extended benefits ran out in a miserable, apathetic economy is beyond me. Must be mind readers in DoL, I guess. How else do they determine someone quits printing out his resumes and making phone calls just because the feds stop sending him a check? More likely, he stopped doing that while he was getting a check!
    It wasn't a fluke, it was cooking the books on the part of the Labor Dept. They wanted consumers to go into the holidays confident and ready to spend. Didn't work. The reality is, those 440,000 jobs were not created in two months, they were created since August, and were "saved up" by Labor statisticians to use in November and December to try to make things look better than they are. If you want proof, look at what adding those numbers back into August, September and October reporting would do. Spread them out evenly, and it shows an economy in malaise, barely growing, not improving, which is, like it or not, reality.
    The slowest, most protracted recovery in history is not, then, in the historical sense, a recovery at all. It is stagnation. More professionally speaking, it is called "economic immobilization." It is a prolonged period of slow economic growth traditionally measured in terms of the GDP growth, usually accompanied by high unemployment, a description for which this unemployment rate qualifies, given "full employment" is traditionally that rate which is under five percent, a figure that represents normal economic activity in the job market. Growth less than 2-3% per year is a sign of stagnation. We haven't had consistent growth of of more than 3% since the Great Pretender took office. He's a socialist. He isn't going to influence the economy to grow. He wants it to stagnate so he can institute socialist policies in "defense of the dollar," and in "defense of the middle class," which he is actually out to destroy.
     
    #4 thisnumbersdisconnected, Jan 10, 2014
    Last edited by a moderator: Jan 10, 2014
  5. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,219
    Likes Received:
    612
    Yet, the book-cookers decided to let the job report totally stink for December? That's pretty foolish of them. After all, if they're making up numbers they could have at least "found" another 50,000 jobs to make December look half respectable.

    Employment numbers are always the last economic indicator to move. What I find hilarious is that the Obama administration is saying that the recovery is in force, the unemployment rate is dropping, and oh, by the way--since it's such a fine recovery could we please extend unemployment benefits again? :laugh:
     
  6. thisnumbersdisconnected

    thisnumbersdisconnected
    Expand Collapse
    New Member

    Joined:
    Apr 11, 2013
    Messages:
    8,448
    Likes Received:
    0
    Even the socialist websites admit it goes on, though they like to focus on Reagan's manipulations and try to ignore what goes on currently, but the problem is still there.
    I agree, it is laughable to extend unemployment benefits, but it's all part of his war on free enterprise. He wants to leave this country in the hands of the socialists. He's a fanatic about it, and I seriously worry that he will do what most fanatics in positions of power do. If his dream and vision is threatened, he will attempt to forcibly institute it. What I don't believe he understands is that the American people won't stand for it -- or maybe he does, and that's why he's trying to institute the most extreme gun control provisions in history.
     

Share This Page

Loading...