Another Good Month On The Jobs Front...unemployment Drops To 5.9%

[Geaux4it]

Yep, soon unemployment will be zero and all 4,452 positions will be filled

-Geaux

===========================

Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force

While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

And that's how you get a fresh cycle low in the unemployment rate.





So the next time Obama asks you if you are "better off now than 6 years ago" show him this chart of employment to the overall population: it speaks louder than the president ever could.

 

[TooTall]

Here is something for you to chew on. Part-time job percentage of the workforce is at all time high since 2009! It18.7% now compared to 13.5% in 1968.

Combine part-time jobs with the low labor participation rate, the economy is nothing to brage about!

Great graph! Why do you think the part time rate has increased almost 50% in terms of numbers and percentages?

In a word, Obamacare!

 

[Rozman]

I saw the money honey Maria Bartiromo talking about this tonight....
She was not all that giddy....

 

[Rozman]

I would like to see what the 3rd quarter GDP report has to say...

 

[edthecynic]

The number of unemployed fell in September by 329,000 to 9.3 million. Most of them found jobs. But nearly 100,000 stopped looking for work.

BULLSHIT!

The number of discouraged workers DECLINED by 77,000 from 775,000 to 698,000.

You're lying about Labor Force Partic Rate and you know it.

Table A-16. Persons not in the labor force and multiple jobholders by sex not seasonally adjusted

 

[edthecynic]

Let's not forget that there is no number good enough that the RWnuts would not try to put a negative spin on it, as long as a Democrat is president.

Exactly! The Wing-nuts never bitched while Bush's LPR fell, but told us then and continue to tell us now how great the Bush economy was.

 

[edthecynic]

More people DROPPED OUT of the Labor Force than found jobs (many of those being low wage part time ones).

315,000 quit, lowering the Labor Force Participation Rate to 62.7%, the lowest level since February 1978.

Hopenchange!

BULLSHIT!!!!!

Discouraged workers DECLINED from 775,000 to 698,000.
The Tea Bag Brotherhood never tires of lying!

That is a misinterpretation of the data. That figure is a subset of those who are considered "Marginally Attached To The Labor Force".

The decline of 315,000 in the Labor Force doesn't include them. That decline is for people who are no longer included in the Labor Force - some due to being so discouraged that they have given up.

Shadowstats calculates unemployment according to the old methodology which included such discouraged people. The real un and underemployment rate is 23%.

Alternate Unemployment Charts

Wrong, and you know it!

Discouraged workers DECLINED by 77,000.

The unemployment rate including discouraged workers is 6.2%.

ShadowBullshit has no credibility.

 

[rightwinger]

Pay no attention to those unemployment numbers!

It is labor participation that we care about

 

[edthecynic]

The number of unemployed fell in September by 329,000 to 9.3 million. Most of them found jobs. But nearly 100,000 stopped looking for work.

BULLSHIT!

The number of discouraged workers DECLINED by 77,000 from 775,000 to 698,000.

Here is my link. http://abc7.com/business/us-unemployment-rate-falls-to-59-percent/335335/

Where is yours?

Table A-16. Persons not in the labor force and multiple jobholders by sex not seasonally adjusted

 

[RandallFlagg]

How does me stating a fact equal rooting for the economy to fail? We all know you're not rooting for the economy, you're rooting for Obama.

I find it odd that the same conservatives who were telling us that the unemployment rate was the most important economic factor in Obamas first term are now telling us that the Labor Participation Rate is now the most important factor

You are aware that the Labor Participation Rate has been dropping for 15 years aren't you?

Whqt are you saying? The labor partician later does count anymore? The fact is a smaller percentage of Americans are working today then when Obozo took office.

What I am saying is that conservatives paid no attention to the Labor Participation Rate when it was plummeting under Bush

Why? Because it has been expected to drop for the last 50 years. Baby boomers are retiring and dropping out of the workforce

Stop being an ass Rocko and be glad that we had good employment numbers last month

I guess you don't get much for $7,000,000,000,000 n new debt...

lol

We have added $26 trillion to household wealth since Obama has been president

Link?

 

[JakeStarkey]

The far right is on the run in this thread.

 

[Dad2three]

Labor participation rate at a 36 year low woot!

Weird, lowest SUSTAINED tax burden on those 'job creators in modern times, why isn't the conservatives low tax burden helping to get some people back in the workforce?


OF COURSE WE HAD A HORRIBLE ECONOMY WHEN THE TOP 1% PAID OVER TWICE THE EFFECTIVE RATES THEY PAY TODAY, 1945-1980 RIGHT?

 

[Dad2three]

Every picture tells a story.

View attachment 32503

Labor Participation Rate Drops To 36 Year Low Record 92.6 Million Americans Not In Labor Force Zero Hedge

Record corp profits, lowest effective corp tax rates in 40+ years, lowest SUSTAINED tax burden on those 'job creators', WHY do we want to reward them with more money via low tax burdens if they don't create jobs?

 

[Dad2three]

The LFPR should have recovered after the recession ended in 2009. It didn't

Thanks Obama!

View attachment 32504

Retirement Among Baby Boomers Contributing To Shrinking Labor Force. According to The Washington Post, many economists agree the shrinking labor force participation rate is largely explained by a demographic shift, wherein "baby boomers are starting to retire en masse":\

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

The incredible shrinking labor force - The Washington Post

 

[Dad2three]

You don't sound happy about the good news Rocko

You are not one of those rooting for the economy to fail are you?

How does me stating a fact equal rooting for the economy to fail? We all know you're not rooting for the economy, you're rooting for Obama.

I find it odd that the same conservatives who were telling us that the unemployment rate was the most important economic factor in Obamas first term are now telling us that the Labor Participation Rate is now the most important factor

You are aware that the Labor Participation Rate has been dropping for 15 years aren't you?

Whqt are you saying? The labor partician later does count anymore? The fact is a smaller percentage of Americans are working today then when Obozo took office.

What I am saying is that conservatives paid no attention to the Labor Participation Rate when it was plummeting under Bush

Why? Because it has been expected to drop for the last 50 years. Baby boomers are retiring and dropping out of the workforce

Stop being an ass Rocko and be glad that we had good employment numbers last month

Forget about republican and Democrat for a second, when looking at something as complex as the economy it's foolish to believe that one indicator tells the whole story. Now politically, it was stupid for the Republicans to put all their eggs in one basket with the unemployment numbers, but that doesn't change the fact that we are worse off since Obozo took office.

You meant 8 years of Dubya/GOP policy REALLY hosed US and put US in a deep hole? YES. Weird how Dubya lost over a million PRIVATE sector jobs in 8 years and Obama has a NET of over 6.7+ million (would be over 11 if not for the 4+ million jobs lost in 2009, thanks to Dubya's policies), but it's Obama's fault? lol

 

[KissMy]

Very nice.

What we need now is more consistency in the good news, and for the Fed to not over-react to this figure.

But very nice.

More consistency???

How about Obama's longest uninterrupted stretch of private sector job growth in U.S. history?

Hows that for consistency?

Bush destroyed 18 million US jobs. Obama has already restored or created 10.3 million jobs.

 

[Dad2three]

Economy gains 248 000 jobs as hiring rebounds

The labor market rebounded sharply in September as employers added 248,000 jobs, the second largest gain for any month this year.
The unemployment rate fell to 5.9% from 6.1%, lowest since July 2008, the Labor Department said Friday.

What types of jobs? Are they requiring people to take up more than one job to make a decent living?

THE TYPE THAT GAWWDDDAM 'FREE MARKET' PROVIDES.


The Republican Myth of Obama’s ‘Part-Time America’ Gets Destroyed With One Graph

The president's critics love this talking point. But since 2010, full-time jobs are up 7.6 million, and part-time jobs have declined by more than 900,000.


Here s What Obama s Part-Time America Really Looks Like - The Atlantic

 

[Dad2three]

I find it odd that the same conservatives who were telling us that the unemployment rate was the most important economic factor in Obamas first term are now telling us that the Labor Participation Rate is now the most important factor

You are aware that the Labor Participation Rate has been dropping for 15 years aren't you?

Whqt are you saying? The labor partician later does count anymore? The fact is a smaller percentage of Americans are working today then when Obozo took office.

What I am saying is that conservatives paid no attention to the Labor Participation Rate when it was plummeting under Bush

Why? Because it has been expected to drop for the last 50 years. Baby boomers are retiring and dropping out of the workforce

Stop being an ass Rocko and be glad that we had good employment numbers last month

Forget about republican and Democrat for a second, when looking at something as complex as the economy it's foolish to believe that one indicator tells the whole story. Now politically, it was stupid for the Republicans to put all their eggs in one basket with the unemployment numbers, but that doesn't change the fact that we are worse off since Obozo took office.

Unemployment has dropped over 4% under Obama. How is that not better?

The one criticism that Democrats had for the low unemployment under Bush was the types of jobs and they were low paying. We are finding us under the same situation here but much worse. So, why is this good news under Obama and band news under Bush?

WORSE? lol

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs

The first thing you would expect to see from a Part-Time America is that the number of part-time jobs added would rival the number of full-time jobs added. But in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions.

Okay, but one year is just one year! Let's keep looking.

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed

Huh, nothing there. In fact, the number part-time workers has fallen in the last four years.

Okay, well, raw numbers can be deceiving. After all, the labor force has declined since 2010. So let's graph these part-time workers as a share of the labor force. Surely that will show a rising line...

... dang it.

Maybe I'm being unfair. Three years of data just isn't much context. So let's draw back the lens and look at part-time workers as a share of the labor force since, say, 1980...

Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons? The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.


The Spectacular Myth of Obama s Part-Time America mdash in 5 Graphs - The Atlantic


THIRTY PLUS YEARS OF 'TRICKLE DOWN', , FEELING IT YET?

 

[Dad2three]

Here is something for you to chew on. Part-time job percentage of the workforce is at all time high since 2009! It18.7% now compared to 13.5% in 1968.

Combine part-time jobs with the low labor participation rate, the economy is nothing to brage about!

Great graph! Why do you think the part time rate has increased almost 50% in terms of numbers and percentages?

In a word, Obamacare!

LOL

The second thing we should expect to see from Part-Time America is a growing number of part-time jobs since Obama came into office and started passing laws. Here's a graph showing the number of people working part-time for economic reasons since March 2010, the month Obamacare was passed.

The Spectacular Myth of Obama s Part-Time America mdash in 5 Graphs - The Atlantic

 

[Dad2three]

I find it odd that the same conservatives who were telling us that the unemployment rate was the most important economic factor in Obamas first term are now telling us that the Labor Participation Rate is now the most important factor

You are aware that the Labor Participation Rate has been dropping for 15 years aren't you?

Whqt are you saying? The labor partician later does count anymore? The fact is a smaller percentage of Americans are working today then when Obozo took office.

What I am saying is that conservatives paid no attention to the Labor Participation Rate when it was plummeting under Bush

Why? Because it has been expected to drop for the last 50 years. Baby boomers are retiring and dropping out of the workforce

Stop being an ass Rocko and be glad that we had good employment numbers last month

I guess you don't get much for $7,000,000,000,000 n new debt...

lol

We have added $26 trillion to household wealth since Obama has been president

Link?

Household wealth rises 1.7 to record level