Unemployment falls to 8.3%

[bigrebnc1775]

Almost as many times as you've falsely claimed that people no longer receiving UI benefits aren't counted as unemployed.

Holy shit do we have to go back to the link I post? do we have to go through the whole process again? I will.

Take a different approach. Go to the Technical Note for the employment Situation and cut and paste the part that supports your claim. Oh, wait, it won't. Just like you knew better than to email or call BLS to confirm.

If a person exhaust their benefits and cannot find a job, What does the state call them?

Who cares? Nothing to do with the UE calculations.

Employed or unemployed or does the state keep a record of them since they will no longer report their work search to the state because they are no longer receiving benefits?

Who cares? Nothing to do with the UE calculations. A survey is used instead. Maybe you should read the full BLS link where it explains all that

Who cares? The government does not care either since they no longer call them unemployed.

 

[Chris]

Baby boomers are retiring.

And it's all Obama's fault!

 

[bigrebnc1775]

Baby boomers are retiring.

And it's all Obama's fault!

Actually not exactly true more and more are changing their retirement plans and continuing to work. Or they retired and have returned to the work force.

 

[Chris]

Baby boomers are retiring.

And it's all Obama's fault!

Actually not exactly true more and more are changing their retirement plans and continuing to work. Or they retired and have returned to the work force.

There's going to be a labor shortage.

You heard it here first.

10,000 baby boomers a day are turning 65.

 

[bigrebnc1775]

Baby boomers are retiring.

And it's all Obama's fault!

Actually not exactly true more and more are changing their retirement plans and continuing to work. Or they retired and have returned to the work force.

There's going to be a labor shortage.

You heard it here first.

10,000 baby boomers a day are turning 65.

They are not retiring as planed so their no shortage. Hell my parents are still working. Fathers 80 and mother 70

 

[Chris]

Actually not exactly true more and more are changing their retirement plans and continuing to work. Or they retired and have returned to the work force.

There's going to be a labor shortage.

You heard it here first.

10,000 baby boomers a day are turning 65.

They are not retiring as planed so their no shortage. Hell my parents are still working. Fathers 80 and mother 70

It will happen.

There will be a labor shortage.

 

[bigrebnc1775]

There's going to be a labor shortage.

You heard it here first.

10,000 baby boomers a day are turning 65.

They are not retiring as planed so their no shortage. Hell my parents are still working. Fathers 80 and mother 70

It will happen.

There will be a labor shortage.

Is this going to be your new robo post now? Sure it will happen but no time soon.

 

[Chris]

They are not retiring as planed so their no shortage. Hell my parents are still working. Fathers 80 and mother 70

It will happen.

There will be a labor shortage.

Is this going to be your new robo post now? Sure it will happen but no time soon.

10,000 baby boomers a day turning 65.

You do the math.

 

[Neotrotsky]

OK

CBO :


According to CBO: Jan 2012

Participation in the Labor Force. The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years. The rate of participation in the labor force fell from 66 percent in 2007 to an average of 64 percent in the second half of 2011, an unusually large decline over so short a time. About a third of that decline reflects factors other than the downturn, such as the aging of the baby-boom generation. But even with those factors removed, the estimated decline in that rate during the past four years is larger than has been typical of past downturns, even after accounting for the greater severity of this downturn. Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent. By CBO’s estimates, the rate of labor force participation will fall to slightly above 63 percent by 2017. The dampening effects of the increase in tax rates in 2013 scheduled under current law and additional retirements by baby boomers are projected to more than offset the strengthening effects of growing demand for labor as the economy recovers further.​

You really need better sources than those
radical leftist ones

 

[Chris]

OK

CBO :


According to CBO: Jan 2012

Participation in the Labor Force. The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years. The rate of participation in the labor force fell from 66 percent in 2007 to an average of 64 percent in the second half of 2011, an unusually large decline over so short a time. About a third of that decline reflects factors other than the downturn, such as the aging of the baby-boom generation. But even with those factors removed, the estimated decline in that rate during the past four years is larger than has been typical of past downturns, even after accounting for the greater severity of this downturn. Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent. By CBO’s estimates, the rate of labor force participation will fall to slightly above 63 percent by 2017. The dampening effects of the increase in tax rates in 2013 scheduled under current law and additional retirements by baby boomers are projected to more than offset the strengthening effects of growing demand for labor as the economy recovers further.​

You really need better sources than those
radical leftist ones

Wow, so baby boomers are retiring.

What a surprise!

So there is going to be a labor shortage.

 

[Neotrotsky]

Quite a surprise as well for those that try to
blame ALL the decrease on it as well and say
there is no "real" decrease in the labor participation force.



(though we all know that those people knew that
all ready)

 

[Chris]

Quite a surprise as well for those that try to
blame ALL the decrease on it as well

Who cares?

The economy is coming back and the Republicans lose in November.

That's all that counts.

 

[Neotrotsky]

Well true
if one is a "kool aid" drinking Leftist
then they don't care how many people have to
leave the workforce if it makes Papa Obama's employment numbers
look better, even though more people are no longer working

Indeed, it allows them to push the falsehood that the
"economy" is coming back

Too bad most Americans don't fell that way
Sadly, the radical Left is hoping that they can push more falsehoods to
get Papa Obama electd.

A lot tougher now that Papa Obama has his poor record to run on
It was a lot easier when he had no record and his lack of a resume
allowed the Left and the MSM to push his bag of goods as anything
they wanted



WSJ- Home Prices Tumble

Reuters- Home prices drop, consumers turn gloomier


Truth is hard for the left
in fact it is their worst enemy

 

[Chris]

Well true
if one is a "kool aid" drinking Leftist
then they don't care how many people have to
leave the workforce if it makes Papa Obama's employment numbers
look better, even though more people are no longer working

Indeed, it allows them to push the falsehood that the
"economy" is coming back

Too bad most Americans don't fell that way

You know God knows when you lie.

 

[Neotrotsky]

Invoke God on this is like saying God likes abortions
not very believable


So be it God, judge me

U.S. Faces S&P Downgrade Again Feb8 2012




If that happens Papa Obama will be a "two timer"
Two times the bond has been downgraded under his watch

The Left should run with that.....

Indeed we see day after day you are to Papa Obama as
the wife is to Tom Brady

You are Papa Obama's version of "Gisele Bundchen"
after the Superbowl loss

 

[editec]

IMprovements that are merely fractions of a point in the empliyment picture aren't much to get too excited about.

In fact I doubt they are meaningful given the nature of statistical analysis.

What is the confidence level of the statistics they report to us?

That is never reported.

 

[pinqy]

IMprovements that are merely fractions of a point in the empliyment picture aren't much to get too excited about.

In fact I doubt they are meaningful given the nature of statistical analysis.

What is the confidence level of the statistics they report to us?

That is never reported.

http://www.bls.gov/cps/eetech_methods.pdf
Page 9 on deals with error, and you can do the math yourself if you wish. At 90% confidence, the UE rate is +- 0.2 percentage pounts

 

[saveliberty]

Here's what concerns me regarding the 2012 economy:

1. Greece.
2. Trouble in Iran.
3. Further housing price declines.
4. Further bond downgrades in the US.

Anyone of these things could slow the economy and increase unemployment.

 

[Big Fitz]

Here's what concerns me regarding the 2012 economy:

1. Greece.
2. Trouble in Iran.
3. Further housing price declines.
4. Further bond downgrades in the US.

Anyone of these things could slow the economy and increase unemployment.

not to mention 1,2 and 4 sending this nation's economy into a tailspin with the rest of western civ.

 

[The T]

Here's what concerns me regarding the 2012 economy:

1. Greece.
2. Trouble in Iran.
3. Further housing price declines.
4. Further bond downgrades in the US.

Anyone of these things could slow the economy and increase unemployment.

We have had more productive recessions...Hell? Even the great depression was more productive...