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Obamas America: 300,000 new jobs, 5.5% unemployment
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Date: March 6th, 2015 2:01 PM Author: burgundy unholy stain http://m.csmonitor.com/Business/2015/0306/New-jobs-hit-295-000-robust-recovery-but-too-many-Americans-still-on-sidelines (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441316) |
Date: March 6th, 2015 2:02 PM Author: Multi-colored sienna liquid oxygen cruise ship Chicago boys at it again (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441318) |
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Date: March 6th, 2015 2:04 PM Author: burgundy unholy stain Bush's America:
http://static6.businessinsider.com/image/4edfe187eab8eaab3600001b/chart-unemployment-rate-and-jobs-added-during-the-great-recession-dec-7-2011.jpg |
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Date: March 6th, 2015 2:09 PM Author: Multi-colored sienna liquid oxygen cruise ship need an updated version
<5% unemployment rate when mr hussein gets out of office |
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Date: March 6th, 2015 2:02 PM Author: bespoke corner lol at how the so called "libturd" media always has to put a caveat in these stories that BUT BUT BUT and then some BS abt wages not growing fast enough or americans still being on sidelines.. just to please their cororate overloads.. shit is going GREAT (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441322) |
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Date: March 6th, 2015 2:03 PM Author: Bipolar At-the-ready Indian Lodge Private Investor 11.0% U-6, compared to 9% average from 1996 to 2008.
Still a lot of folks who are involuntary part-timers and out of the labor market. |
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Date: March 6th, 2015 2:04 PM Author: bespoke corner lol, u fuckers never stop (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441341) |
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Date: March 6th, 2015 2:06 PM Author: Bipolar At-the-ready Indian Lodge Private Investor Look brah. 300k/mo jobs is great. Only sociopaths cheer bad numbers because they're good for their team.
But lets stop pretending that U3 is a good measure of the employment situation when labor force participation is at a 40-year low. |
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Date: March 6th, 2015 2:07 PM Author: Multi-colored sienna liquid oxygen cruise ship obama cant stop boomers retiring... (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441370) |
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Date: March 6th, 2015 2:14 PM Author: Bipolar At-the-ready Indian Lodge Private Investor Can he stop men age 25-54 from leaving the workforce? Because that accounts for >50% of the reduced participation rate.
http://www.bostonfed.org/employment2013/papers/Erceg_Levin_Session1.pdf |
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Date: March 6th, 2015 2:20 PM Author: Multi-colored sienna liquid oxygen cruise ship how much of that is men entering FT education? (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441500) |
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Date: March 6th, 2015 2:29 PM Author: Bipolar At-the-ready Indian Lodge Private Investor So now the goalpost has moved from "It's boomers retiring!!" to "It's millennials and their extended educations!!"
Neither answer is correct. Participation by men age 35-55 has dropped 5% in the last 30 years. Munch on that.
President Obama says that half of the reduced participation rate is retirement, and the other half is either "a cyclical decline in line with historical patterns in previous recessions" or "trends that pre-date the Great Recession and consequences of the unique severity of the Great Recession."
http://www.whitehouse.gov/sites/default/files/docs/labor_force_participation_report.pdf
The federal reserve generally agrees, only attributing a little less to retirement and a lot more to structural factors -- they find the biggest problem to be reduced employment options for middle-skilled men.
http://www.federalreserve.gov/pubs/feds/2014/201464/201464pap.pdf
TBF: the "trends that pre-date the Great Recession" are the same issues the Fed is talking about -- reduced options for working age men with moderate skill sets. |
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Date: March 6th, 2015 2:32 PM Author: Multi-colored sienna liquid oxygen cruise ship so, obama has no control over it?
look i think we can all agree that the labour market is in a much stronger position that it was a couple of years ago. but think structural factors mean wage growth remains low indefinitely, no matter who is oval office |
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Date: March 6th, 2015 2:38 PM Author: Bipolar At-the-ready Indian Lodge Private Investor Obama's predecessor sent a few million middle-skill men to some Arabian deserts. That helped in a way...
Iraq notwithstanding, the structural factors are pretty straightforward: there aren't any jobs that pay >$15/hour for men with a HS diploma and a little training. That's something new in the USA; historically, men who weren't lazy or retarded could get a middle class job. Bams is trying to address the problem by 1) increasing the minimum wage, and 2) making community college free.
This would put upward pressure on wages for low and middle-skill workers, and would make more of folks "high skill" workers. It could work.
On the other hand, Bush wanted to offer tax credits/incentives to employers to hire more folks, and increase the earned income tax credits, making working a middle-skill job more lucrative. This could have worked, too, but didn't because some NYC investment bankers fucked us all. |
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Date: March 6th, 2015 2:40 PM Author: Multi-colored sienna liquid oxygen cruise ship i think you are massively underestimating the powerful forces of globalization and technology. no matter what the president does, there is no reason why an unskilled man in the us should be able to easily find a job that pays $60k p/a (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441698) |
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Date: March 6th, 2015 2:43 PM Author: Bipolar At-the-ready Indian Lodge Private Investor So far, you've given 3 different reasons for declining participation rate:
1) Boomer retirement (partially correct) 2) Increased education by millenials (totally unsupported by serious research; but something you might see on MSNBC or Fox News) 3) Globalization and its discontents (A really complicated, catch-all cause for many problems perceived by both the left and the right-wings)
Do you have any more, or is this it? |
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Date: March 6th, 2015 2:47 PM Author: Multi-colored sienna liquid oxygen cruise ship 1) partially correct
2) partially correct
3) is an explanation for weak wage growth, not necessarily male participation. although it will probably have an influence on that over time |
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Date: March 6th, 2015 2:48 PM Author: Bipolar At-the-ready Indian Lodge Private Investor So when you said "Obama can't stop boomers from retiring," were you being intentionally deceptive or just lazy? (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441798) |
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Date: March 6th, 2015 2:50 PM Author: Multi-colored sienna liquid oxygen cruise ship half of the decline in the participation rate is due to boomers retiring. something obama has no control over. it was a fair if not comprehensive statement. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441814) |
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Date: March 6th, 2015 2:47 PM Author: Mahogany flatulent center "$60k p/a" = per anus? why dont you just say per year like everyone else you bitch ass faggot. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441775) |
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Date: March 6th, 2015 2:51 PM Author: Multi-colored sienna liquid oxygen cruise ship p/a is shorter than per year....
does this really annoy you? |
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Date: March 6th, 2015 2:54 PM Author: Mahogany flatulent center yeah man its 4 letters shorter (crraaazzy, i kno) and probably took just as long if not longer to type out since you had to press the shift button. yes, it annoys me when faggots go out of their fucking way to do faggot bullshit like this.
cased closed brother, you just got ADJUDGED. |
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Date: March 6th, 2015 2:56 PM Author: Multi-colored sienna liquid oxygen cruise ship i didnt have to use the shift button
how do you about me considering data plural (eg. student data show that)? |
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Date: March 6th, 2015 2:08 PM Author: bespoke corner participation rate is down mostly cause boomers are retiring u faggot.. 1945 plus 65 is guess what 2010 u fucker, that is when boomers started leaving workforce in droves (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441371) |
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Date: March 6th, 2015 2:13 PM Author: Bipolar At-the-ready Indian Lodge Private Investor This accounts for about one-third in the reduction in participation. The bigger problem is that participation by men age 25-54 has been declining:
http://www.washingtonpost.com/wp-apps/imrs.php?src=http://img.washingtonpost.com/blogs/wonkblog/files/2014/01/EmployPop2554Dec2013.jpg&w=1484 |
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Date: March 6th, 2015 2:18 PM Author: Bipolar At-the-ready Indian Lodge Private Investor One well-known long-term factor is the aging of the labor force. Because older workers’ participation rates are lower, the increase in the share of old workers by itself pushes down the aggregate participation rate. 4 One can conduct an accounting exercise to calculate the contribution of demographic factors on the decline in the aggregate participation rate.5 However, no matter how one splits the data (say, not just by demographics, but also by education, etc.), the exercise does not answer the question of why the participation rate within each group has changed in a certain manner.
http://philadelphiafed.org/research-and-data/publications/research-rap/2013/on-the-causes-of-declines-in-the-labor-force-participation-rate.pdf |
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Date: March 6th, 2015 3:18 PM Author: misanthropic blathering piazza All of the analysis I've seen on the oft-cited Philly Fed study says that 80% of the decline in the LFP is the result of boomer retirements. Yes, part of the drop cannot be explained by retirements, but most of it can. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442100) |
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Date: March 6th, 2015 2:05 PM Author: Embarrassed to the bone jewess tank How many are 20-30 hour employees replacing someone on 40 hours who was fired because of Obamacare? (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441345) |
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Date: March 6th, 2015 2:06 PM Author: bespoke corner the stats dont show that faggot.. avg hours are at same leve, some reports have them going up
lol at u faggots typing this to OC... |
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Date: March 6th, 2015 2:06 PM Author: burgundy unholy stain I doubt that's happening to the extent that you wish it is (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441357) |
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Date: March 6th, 2015 2:09 PM Author: Embarrassed to the bone jewess tank http://news.investors.com/politics-obamacare/090514-669013-obamacare-employer-mandate-a-list-of-cuts-to-work-hours-jobs.htm
Here's a pretty comprehensive list of companies who shit all over their workforce because uncle bambams had to make sure everyone had the same cost of insurance regardless of need.
Lol just LOL at thinking a 600 lb person could or should pay the same as a marathon runner. |
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Date: March 6th, 2015 2:11 PM Author: bespoke corner and that is obama's fault, not some conturd CEO's greed in using OC as an excuse for shit he was going to do anyway.. fuck u (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441411) |
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Date: March 6th, 2015 2:43 PM Author: Embarrassed to the bone jewess tank Why would they fire a 40 hour employee for 2 20 hour employees without an employer mandate? That makes no sense at all. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441734) |
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Date: March 6th, 2015 2:51 PM Author: Mahogany flatulent center you know what DOES make sense? my foot up your ass. how does that taste, faggot? (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441825) |
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Date: March 6th, 2015 2:57 PM Author: Embarrassed to the bone jewess tank You sound like a nigger lover, what a terrible abuse of a good moniker. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441902) |
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Date: March 6th, 2015 2:08 PM Author: Multi-colored sienna liquid oxygen cruise ship (guy grasping at straws) (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441374) |
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Date: March 6th, 2015 2:11 PM Author: Embarrassed to the bone jewess tank http://www.forbes.com/sites/dandiamond/2015/01/13/obamacares-impact-companies-cut-hours-for-part-time-workers/ (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441412) |
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Date: March 6th, 2015 2:34 PM Author: burgundy unholy stain (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441621) |
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Date: March 6th, 2015 2:08 PM Author: violet self-centered marketing idea but but but....the quality (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441375) |
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Date: March 6th, 2015 2:08 PM Author: Multi-colored sienna liquid oxygen cruise ship fyi this is despite jobs losses in mining sector (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441378) |
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Date: March 6th, 2015 2:32 PM Author: burgundy unholy stain (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441613) |
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Date: March 6th, 2015 2:47 PM Author: burgundy unholy stain LBH: "300,000 new jobs but some people are working 29 hours instead of 30 fuck you libs!!!!" (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441783) |
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Date: March 6th, 2015 2:51 PM Author: Multi-colored sienna liquid oxygen cruise ship except that is not what's happening at all (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441832) |
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Date: March 6th, 2015 3:02 PM Author: Embarrassed to the bone jewess tank Dow is spiraling out of control on this news, why? (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441946) |
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Date: March 6th, 2015 3:30 PM Author: burgundy unholy stain because you idiot, the fed considers marginally raising rates to offset potential inflation that sometimes follows strong jobs numbers. don't count on them raising rates though. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442195) |
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Date: March 6th, 2015 3:37 PM Author: Embarrassed to the bone jewess tank You're the moron. Yellen isn't touching rates until at least July or August at the very earliest. This has been priced into the market for months. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442251) |
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Date: March 6th, 2015 3:38 PM Author: burgundy unholy stain you are. a drop to 5.5% unemployment gives everyone a reason to fear that rates will rise--that's why the dow dropped today. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442263) |
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Date: March 6th, 2015 3:40 PM Author: Embarrassed to the bone jewess tank No you.
You're financially illiterate and haven't been following current events if you think a single jobs number will move the needle for the fed. They have been planning to go to 2% in July or August for the last 6 months and nothing short of an act of God will move that timetable forward. |
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Date: March 6th, 2015 3:42 PM Author: burgundy unholy stain i know rates won't be raised. there's no reason to think that everyone who sells stocks also does (see: fucklaw lol). (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442310) |
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Date: March 6th, 2015 3:46 PM Author: Embarrassed to the bone jewess tank Hint: everyone except fucklaw knows this is a creamlie recovery. Real wages have stagnated and are about to implode if the mandate is upheld. The 300k people making $7.25 at McDonald's for 29 hours a week don't do much to help the recovery. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442346) |
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Date: March 6th, 2015 3:49 PM Author: burgundy unholy stain the mandate was upheld in 2012. prolly why fucklaw thought 2012 was the time to get out of stocks lol. (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442375) |
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Date: March 6th, 2015 2:48 PM Author: Mahogany flatulent center horrible news for republifaggots (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27441792) |
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Date: March 6th, 2015 3:09 PM Author: Maniacal laser beams It's a nice trend, but if we include all the people who have just stopped trying to get a job, the number is much worse.
http://stewartcoopercoon.com/blog/wp-content/uploads/2014/07/Unemployment-rate-and-labor-force-participation-rate.png |
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Date: March 6th, 2015 3:24 PM Author: Translucent apoplectic azn den but otoh if we were to stop counting unemployed lawyers, unemployment would probably be like 2-3% right now (https://xoxohth.com/thread.php?thread_id=2823897&forum_id=2#27442155) |