I've missed you lately. Your positive posts on the economy are all that keeps me going.
The economic News is so confusing. Tell me it isn't so.
165,000 jobs created in three months....
38,000 in May, almost 500,000 left workforce. 4.7 % unemployment.
Venezuala's unemployment rate is 6% and dropping. Strong economic indicator! Wow,
Common core math taking over?
Think about this.
Unemployment went down to 4.7% from 4.9%. But ONLY 38K jobs were created. The only way that can happen is for people to leave the workforce.
The labor participation rate is 62.6% of current workforce. That's 37.4% not employed (100-62.6).
Now, compare the "reported" 4.7% unemployment rate to the 37.4% not participating in the workforce. That difference gives you 32.7%...the people that have said, "screw this economy, I'll just it sit out".
Now listen to the Dems (Obama & Co.) spin it. Now watch the Dem voters stick with Hillary which will do the SAME EXACT THING as Obama did with the economy. And tax us MORE. Forget her "crooked lying" side, this issue alone is a reason NOT to vote for her.
This economy and country MUST have growth. Not handouts.
The good news, both Obama and Hillary plan to increase Social Security Spending. That should bankrupt the system more quickly. Then us old farts will have to go back to work to support the Millenials and the refugees who refuse to work.
PM, Obama has destroyed the coal industry so I guess you will have to work at McDonalds or pick up cans.
Dear PM
Moderators: Pike Ridge Beagles, Aaron Bartlett
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Rabbithoundjb
- Posts: 4516
- Joined: Wed Jun 28, 2006 4:30 pm
- Location: Rocky Mount, NC
Re: Dear PM
600,000 out of the workforce last month. Obama is going to be the first president to have less people working when he leaves office than when he took office since the data started being collected.
Re: Dear PM
I heard Obama, a couple of days ago, talking about his success in saving the economy. The right wing media and talk radio are giving him no credit for his achievements. 
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cris axtell/coal hill ken
- Posts: 1275
- Joined: Fri Feb 28, 2003 9:58 pm
- Location: greenville pa NW
Re: Dear PM
But PM says Obama is the best president in history and Hillary is the best candidate for president in history. I don't know who to believe! LOL PM will be ok . He can make 15$ an hr working at McDonalds.
COAL HILL KENNELS. LP GR CH Coal Hill's Brush Buster. 2014 PA state champion LP GR CH Coal Hill's Mama Cass. 2010 PA state champion LP R CH GR BCH Coal Hill's Princess Willow HOG DOG POWER!!!!
Re: Dear PM
In my opinion, the stock market is the new economy. Why work when you can feed off the media lead movement of the market. By the Feds policy of zero rates the Market is now the new "to big to fail". Lots of people making money on their laptops instead of going to work producing something. I know guys that have picked a handful of stable stocks(energy) that trade in a $5-$7 floor/ceiling swing trade pattern(high/low), they simply buy in on the low and sell on the high. They been making $20-$30,000 a yr., the banks don't want your money, the Fed gave them plenty and they bought treasury with them getting .5% on risk free money. Why would they want to loan you money with the risk of job loss or one of life's upsets.Newt wrote:I've missed you lately. Your positive posts on the economy are all that keeps me going.
The economic News is so confusing. Tell me it isn't so.
165,000 jobs created in three months....
38,000 in May, almost 500,000 left workforce. 4.7 % unemployment.
Venezuala's unemployment rate is 6% and dropping. Strong economic indicator! Wow,
Common core math taking over?
Think about this.
Unemployment went down to 4.7% from 4.9%. But ONLY 38K jobs were created. The only way that can happen is for people to leave the workforce.
The labor participation rate is 62.6% of current workforce. That's 37.4% not employed (100-62.6).
Now, compare the "reported" 4.7% unemployment rate to the 37.4% not participating in the workforce. That difference gives you 32.7%...the people that have said, "screw this economy, I'll just it sit out".
Now listen to the Dems (Obama & Co.) spin it. Now watch the Dem voters stick with Hillary which will do the SAME EXACT THING as Obama did with the economy. And tax us MORE. Forget her "crooked lying" side, this issue alone is a reason NOT to vote for her.
This economy and country MUST have growth. Not handouts.
The good news, both Obama and Hillary plan to increase Social Security Spending. That should bankrupt the system more quickly. Then us old farts will have to go back to work to support the Millenials and the refugees who refuse to work.
PM, Obama has destroyed the coal industry so I guess you will have to work at McDonalds or pick up cans.
We have to work through the excess supply and once it's gone and demand picks up, they will start to rout the market. I know some hate social security, but the seniors and savers have been cut deep through all this and most don't have the time or ability to recoup or go back to work.
Imho, It just seems harsh to save the Casino and make dog food out of the elderly.
Re: Dear PM
"but the seniors and savers have been cut deep through all this and most don't have the time or ability to recoup or go back to work."
I agree completely. Crooked politicians, crooked wall street, and crooked media owned and controlled, no relief in sight.
I agree completely. Crooked politicians, crooked wall street, and crooked media owned and controlled, no relief in sight.
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Pine Mt Beagles
- Posts: 7803
- Joined: Wed May 11, 2005 6:01 pm
- Location: Pineville Ky
Re: Dear PM
HOW REPUBLICANS HANDLE THE ECONOMY,,,,,,,WORST DEPRESDION IN MODERN HISTORY,,,,
REPUBLICAN. =DISASTER,,,
Worst year for jobs since '45
Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%.
By David Goldman, CNNMoney.com staff writer
Last Updated: January 9, 2009: 12:11 PM ET
Where the jobs are
NEW YORK (CNNMoney.com) -- The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year's total job losses to 2.6 million or the highest level in more than six decades.
A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year's final four months, after the credit crisis began in September.
The unemployment rate rose to 7.2% last month from 6.7% in November - its highest rate since January 1993.
The steep annual drop in jobs marked the highest yearly job-loss total since 1945, the year in which World War II ended.
"We're seeing a complete unraveling of the labor market and are on track for getting beyond 10% unemployment," said Lawrence Mishel, president of the Economic Policy Institute.
The total number of unemployed Americans rose by 632,000 to 11.1 million.
November, in which 584,000 jobs were lost, and December marked the first time in the 70-year history of the report in which the economy lost more than 500,000 jobs in consecutive months.
"We have a bigger economy now, but even on a proportional basis, the last months have been the worst since [1945]," said Kurt Karl, head of economic research at Swiss Re.
"It's just an enormous acceleration of job losses."
Under-employment at a record high
A growing number of workers seeking full-time jobs were able to find only part-time work. Those working part-time jobs - because they couldn't find full-time work, or their hours had been cut - jumped by 715,000 people to 8 million, the highest since such records were first kept in 1955.
The so-called under-employment rate, which counts those part-time workers as well as those without jobs who have become discouraged and stopped looking for work, rose to a record 13.5% from 12.6%.
"The existing unemployment figures are greatly understated," said billionaire steel tycoon Wilbur Ross in a recent interview with CNNMoney.com. "They count as employed someone who used to have a high-paid manufacturing job, and now is working at a Wal-Mart or a Wendy's."
In another discouraging sign, the average hourly work week fell last month to 33.3 hours - the lowest level in history - from 33.5 hours. Even with a modest 5-cent gain in the average hourly salary, the average weekly paycheck fell by $2 to $611.39.
Job losses widespread
Job losses were spread across a wide variety of industries. Manufacturing lost 149,000 jobs, the leisure and hospitality industries cut 22,000 jobs, and the mining industry shed 1,000 positions.
Even in the midst of the holiday shopping season, retailers still slashed payrolls by 66,600 workers last month.
Professional and business services jobs, a category seen by some economists as a proxy for overall economic activity, dropped by 113,000. And financial services jobs fell by 14,000.
Only two of ten industry categories were hiring last month. Government hiring, which has stayed relatively strong throughout the downturn, added another 7,000 jobs in December. Education and health services also grew payrolls by 45,000 employees.
Construction employment shrank further by 101,000 jobs, and the rate of construction unemployment soared to 15.3% - by far the highest of any group.
"Today's jobs report ... is conclusive evidence that it is time to put people back to work building America,"
said Terry O'Sullivan, general president of the Laborers' International Union of North America.
"Now it's time for Congress to move to create jobs with the same urgency as they did on the $700 billion Wall Street bailout." BUSH/CHENEY BAIL OUT,,,,,
DEMOCRAT ECONOMY,,,,,,,SHOWN,,,BELOW
,,,,I prefer the Democrat handling of the Economy,Just My Opinion,But,Adding JOBS IS BETTER THAN LOSING JOBS ,THERE ARE HELP WANTED SIGNS ALL AROUND MY NEIGHBORHOOD .ANY ONE AROUND HERE THAT WANTS A JOB HAS ONE,,,,,,WANTS,,,,,BEING THE ,KEY WORD,,,,,KENTUCKY,,,,IS A REPUBLICAN TAKER STATE,,,,MEANING THE MAJORITY OF KENTUCKY PEOPLE VOTE FOR POVERTY,!!!
Summary: The economy added 242,000 jobs in February, extending the longest streak of private-sector job growth on
record.
The robust pace of job creation continued in February as the unemployment rate held at its lowest level since February 2008 and labor force participation rose. -------->Over the past two years, our economy added more private-sector jobs than in any two years since 1999. <---------->While these trends speak to the strength of the labor market recovery, and ------->while wages have grown faster than inflation <---------over the last year, more work remains to drive faster wage growth, including investing in infrastructure, implementing high-standards free trade agreements like the Trans-Pacific Partnership, and raising the minimum wage. As discussed in the 2016 Economic Report of the President, these policies are key parts of the President’s agenda for inclusive growth and would help ensure that the benefits of economic growth are shared with all Americans.
FIVE KEY POINTS ON THE LABOR MARKET IN FEBRUARY 2016
1. U.S. businesses have now added 14.3 million jobs over six straight years, extending the longest streak on record.<------->
Today we learned that private employment rose by 230,000 jobs in February, while private employment growth in December and January was revised up by a combined 32,000 jobs.<----- The unemployment rate held steady at 4.9 percent in February, while the labor force participation rate rose to 62.9 percent, reaching the same level as the end of 2013. Over the past 24 months, the private sector added 5.6 million jobs, the most in any two-year period since 1999.
2. Gains in weekly earnings have benefited workers across the earnings distribution over the past three years. Usual weekly earnings have risen faster than inflation over the past three years, with the largest gains for workers at the 10th percentile and the smallest gains for workers at the 90th percentile. Other data also show gains being shared by a wide range of workers. For example, private production and nonsupervisory employees (a group that roughly represents the bottom 80 percent of workers) have seen real annual growth of 1.3 percent in their average hourly earnings over the past three years. These changes, however, represent only a very partial reversal of the decades-long increase in earnings inequality that continued through the early stages of the current recovery. As discussed in Chapter 1 of the 2016 Economic Report of the President, the President’s agenda for inclusive growth would address this challenge by increasing opportunity and ensuring that competitive markets work more efficiently.
3. The broadest measure of labor underutilization declined 0.2 percentage point to 9.7 percent in February, its lowest level since May 2008. While the headline unemployment rate, the U-3 rate, includes only unemployed persons who have looked for work in the last month, the broadest measure of labor underutilization, the U-6 rate, also includes both those who have looked for work in the past year but not in the past month (“marginally attached to the labor force,” a group that includes discouraged workers) and those employed part-time who would prefer to work full-time (“part-time for economic reasons”). During the recession, the U-6 rate reached a record high of 17.1 percent, driven both by a sharp rise in unemployment and an increase in the share of the labor force working part-time for economic reasons (see point 4 below).
Since this peak, however, the U-6 rate has recovered 93 percent of the way to its pre-recession average and over the past year has fallen faster than the headline unemployment rate. <<-----The U-6 rate is now the only measure of labor underutilization that remains above its pre-recession average, with discouraged workers and the marginally attached nearly recovered and the overall unemployment rate more than recovered (though tilted more towards long-term unemployment).
The remaining elevation in the U-6 rate relative to its pre-recession average is entirely attributable to a still-elevated rate of part-time work for economic reasons.
4. Most of the remaining elevation in the share of employees working part-time for economic reasons is concentrated in service industries. The rate of part-time employment for economic reasons—which rises in recessions as employers cut back their demand for work hours—doubled in the Great Recession from 3.0 percent to 6.0 percent of the labor force, a sharper increase than in earlier downturns. As shown in the chart below, this initial increase was larger in goods industries (such as construction and manufacturing), which tend to be more cyclically responsive than service industries. However, over the course of the recovery the share of goods-industry employees working part-time for economic reasons has fallen steadily, with much of the remaining elevation in the overall rate of part-time work for economic reasons due to elevation of the rate in the service sector.
5. February was a strong month for employment growth in many sectors, although global headwinds continue to restrain job growth in certain industries. Especially strong gains relative to the past year were seen in industries such as retail trade (+55,000), private educational services (+28,000), and information services (+12,000).
Have fun,life is Short,,,Go With God.
REPUBLICAN. =DISASTER,,,
Worst year for jobs since '45
Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%.
By David Goldman, CNNMoney.com staff writer
Last Updated: January 9, 2009: 12:11 PM ET
Where the jobs are
NEW YORK (CNNMoney.com) -- The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year's total job losses to 2.6 million or the highest level in more than six decades.
A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year's final four months, after the credit crisis began in September.
The unemployment rate rose to 7.2% last month from 6.7% in November - its highest rate since January 1993.
The steep annual drop in jobs marked the highest yearly job-loss total since 1945, the year in which World War II ended.
"We're seeing a complete unraveling of the labor market and are on track for getting beyond 10% unemployment," said Lawrence Mishel, president of the Economic Policy Institute.
The total number of unemployed Americans rose by 632,000 to 11.1 million.
November, in which 584,000 jobs were lost, and December marked the first time in the 70-year history of the report in which the economy lost more than 500,000 jobs in consecutive months.
"We have a bigger economy now, but even on a proportional basis, the last months have been the worst since [1945]," said Kurt Karl, head of economic research at Swiss Re.
"It's just an enormous acceleration of job losses."
Under-employment at a record high
A growing number of workers seeking full-time jobs were able to find only part-time work. Those working part-time jobs - because they couldn't find full-time work, or their hours had been cut - jumped by 715,000 people to 8 million, the highest since such records were first kept in 1955.
The so-called under-employment rate, which counts those part-time workers as well as those without jobs who have become discouraged and stopped looking for work, rose to a record 13.5% from 12.6%.
"The existing unemployment figures are greatly understated," said billionaire steel tycoon Wilbur Ross in a recent interview with CNNMoney.com. "They count as employed someone who used to have a high-paid manufacturing job, and now is working at a Wal-Mart or a Wendy's."
In another discouraging sign, the average hourly work week fell last month to 33.3 hours - the lowest level in history - from 33.5 hours. Even with a modest 5-cent gain in the average hourly salary, the average weekly paycheck fell by $2 to $611.39.
Job losses widespread
Job losses were spread across a wide variety of industries. Manufacturing lost 149,000 jobs, the leisure and hospitality industries cut 22,000 jobs, and the mining industry shed 1,000 positions.
Even in the midst of the holiday shopping season, retailers still slashed payrolls by 66,600 workers last month.
Professional and business services jobs, a category seen by some economists as a proxy for overall economic activity, dropped by 113,000. And financial services jobs fell by 14,000.
Only two of ten industry categories were hiring last month. Government hiring, which has stayed relatively strong throughout the downturn, added another 7,000 jobs in December. Education and health services also grew payrolls by 45,000 employees.
Construction employment shrank further by 101,000 jobs, and the rate of construction unemployment soared to 15.3% - by far the highest of any group.
"Today's jobs report ... is conclusive evidence that it is time to put people back to work building America,"
said Terry O'Sullivan, general president of the Laborers' International Union of North America.
"Now it's time for Congress to move to create jobs with the same urgency as they did on the $700 billion Wall Street bailout." BUSH/CHENEY BAIL OUT,,,,,
DEMOCRAT ECONOMY,,,,,,,SHOWN,,,BELOW
,,,,I prefer the Democrat handling of the Economy,Just My Opinion,But,Adding JOBS IS BETTER THAN LOSING JOBS ,THERE ARE HELP WANTED SIGNS ALL AROUND MY NEIGHBORHOOD .ANY ONE AROUND HERE THAT WANTS A JOB HAS ONE,,,,,,WANTS,,,,,BEING THE ,KEY WORD,,,,,KENTUCKY,,,,IS A REPUBLICAN TAKER STATE,,,,MEANING THE MAJORITY OF KENTUCKY PEOPLE VOTE FOR POVERTY,!!!
Summary: The economy added 242,000 jobs in February, extending the longest streak of private-sector job growth on
record.
The robust pace of job creation continued in February as the unemployment rate held at its lowest level since February 2008 and labor force participation rose. -------->Over the past two years, our economy added more private-sector jobs than in any two years since 1999. <---------->While these trends speak to the strength of the labor market recovery, and ------->while wages have grown faster than inflation <---------over the last year, more work remains to drive faster wage growth, including investing in infrastructure, implementing high-standards free trade agreements like the Trans-Pacific Partnership, and raising the minimum wage. As discussed in the 2016 Economic Report of the President, these policies are key parts of the President’s agenda for inclusive growth and would help ensure that the benefits of economic growth are shared with all Americans.
FIVE KEY POINTS ON THE LABOR MARKET IN FEBRUARY 2016
1. U.S. businesses have now added 14.3 million jobs over six straight years, extending the longest streak on record.<------->
Today we learned that private employment rose by 230,000 jobs in February, while private employment growth in December and January was revised up by a combined 32,000 jobs.<----- The unemployment rate held steady at 4.9 percent in February, while the labor force participation rate rose to 62.9 percent, reaching the same level as the end of 2013. Over the past 24 months, the private sector added 5.6 million jobs, the most in any two-year period since 1999.
2. Gains in weekly earnings have benefited workers across the earnings distribution over the past three years. Usual weekly earnings have risen faster than inflation over the past three years, with the largest gains for workers at the 10th percentile and the smallest gains for workers at the 90th percentile. Other data also show gains being shared by a wide range of workers. For example, private production and nonsupervisory employees (a group that roughly represents the bottom 80 percent of workers) have seen real annual growth of 1.3 percent in their average hourly earnings over the past three years. These changes, however, represent only a very partial reversal of the decades-long increase in earnings inequality that continued through the early stages of the current recovery. As discussed in Chapter 1 of the 2016 Economic Report of the President, the President’s agenda for inclusive growth would address this challenge by increasing opportunity and ensuring that competitive markets work more efficiently.
3. The broadest measure of labor underutilization declined 0.2 percentage point to 9.7 percent in February, its lowest level since May 2008. While the headline unemployment rate, the U-3 rate, includes only unemployed persons who have looked for work in the last month, the broadest measure of labor underutilization, the U-6 rate, also includes both those who have looked for work in the past year but not in the past month (“marginally attached to the labor force,” a group that includes discouraged workers) and those employed part-time who would prefer to work full-time (“part-time for economic reasons”). During the recession, the U-6 rate reached a record high of 17.1 percent, driven both by a sharp rise in unemployment and an increase in the share of the labor force working part-time for economic reasons (see point 4 below).
Since this peak, however, the U-6 rate has recovered 93 percent of the way to its pre-recession average and over the past year has fallen faster than the headline unemployment rate. <<-----The U-6 rate is now the only measure of labor underutilization that remains above its pre-recession average, with discouraged workers and the marginally attached nearly recovered and the overall unemployment rate more than recovered (though tilted more towards long-term unemployment).
The remaining elevation in the U-6 rate relative to its pre-recession average is entirely attributable to a still-elevated rate of part-time work for economic reasons.
4. Most of the remaining elevation in the share of employees working part-time for economic reasons is concentrated in service industries. The rate of part-time employment for economic reasons—which rises in recessions as employers cut back their demand for work hours—doubled in the Great Recession from 3.0 percent to 6.0 percent of the labor force, a sharper increase than in earlier downturns. As shown in the chart below, this initial increase was larger in goods industries (such as construction and manufacturing), which tend to be more cyclically responsive than service industries. However, over the course of the recovery the share of goods-industry employees working part-time for economic reasons has fallen steadily, with much of the remaining elevation in the overall rate of part-time work for economic reasons due to elevation of the rate in the service sector.
5. February was a strong month for employment growth in many sectors, although global headwinds continue to restrain job growth in certain industries. Especially strong gains relative to the past year were seen in industries such as retail trade (+55,000), private educational services (+28,000), and information services (+12,000).
Have fun,life is Short,,,Go With God.
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Rabbithoundjb
- Posts: 4516
- Joined: Wed Jun 28, 2006 4:30 pm
- Location: Rocky Mount, NC
Re: Dear PM
APRIL 560,000 MORE FALL OUT OF THE LABOR FORCE, MAY 480,000 MORE. After over 7 years of the Obama recovery, LMAO!! LESS PEOPLE EMPLOYED TODAY THAN WHEN Obama TOOK OFFICE. More people on government assistance than ever before. Hope and change you can bankrupt a country with. Added almost 10 trillion to countries debt in just over 7 years.
Almost 50% of the U.S available workforce is out of work. 210 million available, over 94 million not working.
Almost 50% of the U.S available workforce is out of work. 210 million available, over 94 million not working.
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littlewoody
- Posts: 2144
- Joined: Fri Jan 07, 2011 12:06 pm
- Location: MICHGAN
Re: Dear PM
94 million out of work over 45 million on food stamps under Obama . He came yesterday said if a vet wants a sex operation the va hospital will do it .
TheJohnBirchSociety
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Rabbithoundjb
- Posts: 4516
- Joined: Wed Jun 28, 2006 4:30 pm
- Location: Rocky Mount, NC
Re: Dear PM
ALL of this LGBT policy push by Obama is just a another method of dividing the country.
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littlewoody
- Posts: 2144
- Joined: Fri Jan 07, 2011 12:06 pm
- Location: MICHGAN
Re: Dear PM
98 % don't want all this lgbt gay stuff in are life .Rabbithoundjb wrote:ALL of this LGBT policy push by Obama is just a another method of dividing the country.
TheJohnBirchSociety
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Pine Mt Beagles
- Posts: 7803
- Joined: Wed May 11, 2005 6:01 pm
- Location: Pineville Ky
Re: Dear PM
What is Dividing America,, is the Republican,,Plaque,,,,of ,,Bigots,Racist,Reprobates.
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Rabbithoundjb
- Posts: 4516
- Joined: Wed Jun 28, 2006 4:30 pm
- Location: Rocky Mount, NC
Re: Dear PM
What's dividing America is the free loading let the government do as it pleases as long the tax payer funded handouts to non productive dead weight on society leeches keep getting paid to do nothing continues. Can anyone say PMB, you fit the description. Anyone who can support Hillary Clinton fits the bill and he!! Trump isn't much better.
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cris axtell/coal hill ken
- Posts: 1275
- Joined: Fri Feb 28, 2003 9:58 pm
- Location: greenville pa NW
Re: Dear PM
When 51% are supporting 49% that's what divides a country.
COAL HILL KENNELS. LP GR CH Coal Hill's Brush Buster. 2014 PA state champion LP GR CH Coal Hill's Mama Cass. 2010 PA state champion LP R CH GR BCH Coal Hill's Princess Willow HOG DOG POWER!!!!