http://www.marketwatch.com/story/jobless...=afterbell

Nice!

Yea, saw that.

Also saw 62.7.

Lowest workplace participation rate since Jan. 1977. Jimma couldn't be prouder.

Ah, the new normal. Lose your job in this crap economy, have no luck finding a replacement, quit looking. Congrats! You just helped the Unemployment rate- Go DOWN!

Keep beating that drum JMU....all the while, nearly every business I pass seems to have a hiring sign on the door. Carry-outs, managers for FF restaurants, signs for OTR drivers, billboards for factory work. All the temp places are begging for workers.

If you can't find a job, you aren't trying.

(07-23-2015 04:18 PM)JMUDunk Wrote:  Yea, saw that.

Also saw 62.7.

Lowest workplace participation rate since Jan. 1977. Jimma couldn't be prouder.

Ah, the new normal. Lose your job in this crap economy, have no luck finding a replacement, quit looking. Congrats! You just helped the Unemployment rate- Go DOWN!

yep....

oh wellzy....

it's hardly an enigma that I get looks like I do.....the porch folk hate my guts....and I continue to just smile.....

(07-23-2015 04:48 PM)Redwingtom Wrote:  Keep beating that drum JMU....all the while, nearly every business I pass seems to have a hiring sign on the door. Carry-outs, managers for FF restaurants, signs for OTR drivers, billboards for factory work. All the temp places are begging for workers.

If you can't find a job, you aren't trying.

I've noticed this ad well. I always think, "Who do I know that needs a job " but I don't know of anyone. Things must be pretty good.

For unemployment benefits. With so much free stuff why work.

Why work when you can stay at home and collect up to $45K per year?

Work is hard.

(07-23-2015 05:42 PM)SuperFlyBCat Wrote:  For unemployment benefits. With so much free stuff why work.

Haven't you heard? Nothing is free.

(07-23-2015 06:05 PM)UConn-SMU Wrote:  Why work when you can stay at home and collect up to $45K per year?

Work is hard.

I'd like to do that. Got a link?

Obama fudged the numbers.

(07-23-2015 06:05 PM)UConn-SMU Wrote:  Why work when you can stay at home and collect up to $45K per year?

Work is hard.

Is that the next talking point after workforce participation?

Yep, I was just looking at My SS online earnings from that far back and remember well the Watergate / Vietnam war era fiasco the Democrats caused to the economy and the difficulty in finding real work in those days 1972-1976 were absolutely one of the worst periods of Our times. I was in and out of the Unemployment office so many times during those years. I remember the lines were all the way around the building and 40 deep 8 rows wide inside all day long. November 1973 was actually a very brutal time having lived through it. so if that is taken to be a Low point, the Country is in much worse shape than We hear it is.

(07-23-2015 04:48 PM)Redwingtom Wrote:  Keep beating that drum JMU....all the while, nearly every business I pass seems to have a hiring sign on the door. Carry-outs, managers for FF restaurants, signs for OTR drivers, billboards for factory work. All the temp places are begging for workers.

If you can't find a job, you aren't trying.

I see the signs as well, but not the corresponding drop in unemployment benefits. It might be because of a corollary to your bolded point: that everyone who can hold down a job already has one.

Unemployment figures have steadily fallen since the Republicans took over the Senate.

(07-24-2015 07:36 AM)QuestionSocratic Wrote:  Unemployment figures have steadily fallen since the Republicans took over the Senate.

but the crux is still relative to those making an attempt....

it's a distorted figure....

the shift from manufacturing to service (as has been pointed out by others) is the issue en macro...

It's stupid to even debate this. the president has little if any control over it whether they're R or D. The way the numbers are calculated who really knows for sure?

how do we know that workplace participation isn't falling because baby boomers are retiring at a rate of 10k a day?

(07-23-2015 04:48 PM)Redwingtom Wrote:  If you can't find a job, you aren't trying.

That's almost always the case regardless of the status of the economy.

(07-24-2015 08:26 AM)fsquid Wrote:  how do we know that workplace participation isn't falling because baby boomers are retiring at a rate of 10k a day?

If the workplace participation is dropping do to a voluntary removal of workers, then that would drive up the wages due to a lack of workers to fill the position.

Does the wage level, since Obama's term started, suggest that there is a lack of workers due to retirement? No. Wages are flat to down.

Therefore, you can conclude that many people are retiring early because thats the only option they have. Those graduating college can not find work (unless becoming a bistro at starbucks is considered work for a business major) , and those who have been unemployed forever have given up looking for work.

The final proof will be when an actual job creator gets in the white house. Good jobs will start to get created, which will see many of the hopeless jump back into the job market, which will lead to a higher unemployment number because people now have hope and are looking for work again. The unemeployment number being tossed around today is a number trick. It is not the true level of unemployed. It doesnt even hack into the underemployed. So while today we see the mathematical anomaly of the tricked out unemployment rate dropping as labor participation drops, when a job creator gets into office we will see the tricked out unemployment number rise sa the labor participation rate rises.

The true number of unemployed sits around 16%-18%. Thats how bad it is. When a job creator gets into the white house, thats the number that will be dropping, not necessarily the tricked out "dont count people who have lost all hope" unemployment number.