US Jobs: Coming or Going?

[usaone]

With the baby boomers retiring our workforce participation rate will be around 60% to 64% for the next 30 years as it was before the baby boomers were of working age.

[frankq]

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .

So, if it pays just as well to sit home and collect various benefits, maybe that is the problem.......The only people it's getting worse for are those of us that choose to work....While many are genuinely in dire straits and cannot find work in their chosen professions, there seems to be a growing segment of the population that has found that the present government policy to extend benefits almost indefinitely is the new early  retirement plan......

[damnotagain]

The topic seems to be " jobs coming or going? More seem to be going .

With QE # ? Still running they just can not get a grip on employment. 

How about those auto sales numbers in Europe ? Are those the jobs that are coming home? 

[damnotagain]

Apr 17, 2013 8:14:10 GMT -5 frankq said:

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .

So, if it pays just as well to sit home and collect various benefits, maybe that is the problem.......The only people it's getting worse for are those of us that choose to work....While many are genuinely in dire straits and cannot find work in their chosen professions, there seems to be a growing segment of the population that has found that the present government policy to extend benefits almost indefinitely is the new early  retirement plan......

 It would seem so with 50 million on the tit . That is what makes this market such a farce .   Can't fight the FED ! 

 Regardless that does not make the numbers above any less true! Just saying

[frankq]

Apr 17, 2013 8:29:21 GMT -5 damnotagain said:

The topic seems to be " jobs coming or going? More seem to be going .

With QE # ? Still running they just can not get a grip on employment. 

How about those auto sales numbers in Europe ? Are those the jobs that are coming home? 

What about them? You'll have to be more specific. Are you referring to auto production overseas? Or maybe this:
www.freep.com/article/20130208/BUSINESS01/130208039/Global-auto-production-expected-to-surge-in-2014-and-2015-experts-say

"John Mendel, executive vice president of automotive sales for American Honda Motor Co., which announced last week that it would begin making the hybrid version of the Accord sedan in the U.S., said “customers really don’t want to compromise” to drive a hybrid.

“It’s kind of like recycling. If it’s easy, I’ll do it. If you’re going to make me change my life, I don’t want to do it,” he said. “Frankly the roadside is littered with great products but it required the consumer to change their behavior and they’re not going to change it.”

Mike Jackson, CEO of AutoNation, the largest dealer network in the U.S., said consumers have displayed resiliency despite Washington’s fiscal crisis. He said customer traffic was strong before, during and after the fiscal cliff debate, for example.

“The American people were saying, 'I don’t care, I’m moving on with my life,' " he said.

Jackson said the industry is benefiting from the boom in domestic energy production, powered by shale gas and oil.

"All those construction sites and drilling sites are full of American workers with high paying jobs and they need pickup trucks to go there," he said".

What's that? A BOOM in DOMESTIC energy production? "All those construction sites". American Honda beginning production of the hybrid Accord in the U.S.? Are those the jobs you were asking about?

[frankq]

It would seem so with 50 million on the tit . That is what makes this market such a farce .

Ok. Whatever you say.....It's not much of an argument to say that things are terrible for workers on one hand, and in the next breath state why they don't actually need to work.......Just saying. Markets are based on future expectations and current earnings. I don't see the "farce" when the market averages 14 time earnings, which is historically consistent.

[damnotagain]

What the hell happened to 2013 ?

"Global auto production is expected to surge in 2014 and 2015 despite lingering weakness in Europe and customers "

"Asia now represents 54.9% of global sales, while North America represents 20.1% and Europe 16.1%."



the Chinese love American car ? 

更因此，当汽车在中国manufatured

Gèng yīncǐ, dāng qìchē zài zhōngguó manufatured


translation ... Specially when car is made in China.

source : yours

[damnotagain]

As far auto nation goes we know Buffit and Gates bought 185 million shares of it right before the bail out . Great timing or just great investors?

[frankq]

Are you saying that those cars that are made in China are being made for the American market? Or are you speaking of American cars being manufactured in China for China? I just want to be sure we are understanding what you are saying.....As for jobs coming or going, let me repost this as no comment was made regarding these American jobs..

"John Mendel, executive vice president of automotive sales for American Honda Motor Co., which announced last week that it would begin making the hybrid version of the Accord sedan in the U.S., said “customers really don’t want to compromise” to drive a hybrid.

“It’s kind of like recycling. If it’s easy, I’ll do it. If you’re going to make me change my life, I don’t want to do it,” he said. “Frankly the roadside is littered with great products but it required the consumer to change their behavior and they’re not going to change it.”

Mike Jackson, CEO of AutoNation, the largest dealer network in the U.S., said consumers have displayed resiliency despite Washington’s fiscal crisis. He said customer traffic was strong before, during and after the fiscal cliff debate, for example.

“The American people were saying, 'I don’t care, I’m moving on with my life,' " he said.

Jackson said the industry is benefiting from the boom in domestic energy production, powered by shale gas and oil.

"All those construction sites and drilling sites are full of American workers with high paying jobs and they need pickup trucks to go there," he said".

What's that? A BOOM in DOMESTIC energy production? "All those construction sites". American Honda beginning production of the hybrid Accord in the U.S.? Are those the jobs you were asking about?

[damnotagain]

Apr 17, 2013 8:43:35 GMT -5 frankq said:

It would seem so with 50 million on the tit . That is what makes this market such a farce .

Ok. Whatever you say.....It's not much of an argument to say that things are terrible for workers on one hand, and in the next breath state why they don't actually need to work.......Just saying. Markets are based on future expectations and current earnings. I don't see the "farce" when the market averages 14 time earnings, which is historically consistent.

 Yes and the only way they could keep up the markets averages of  "14 times earnings"  was to add 4 trillion to the Feds balance sheet and cut jobs . 


I didn't put anyone on the governments tit.
Your policy makers and the Feds failed monetary policy put them up on that cross ,
on our dime.

[frankq]

Whatever you say.......

Your policy makers and the Feds failed monetary policy put them up on that cross ,
on our dime.

My policy makers? What cross? Then you aren't a citizen of the U.S. right.  Nor do you have any knowledge of the markets. Again, you deflect and are unresponsive to the questions asked or jobs listed in previous posts. You are simply spouting off for the sake of doing so. Buffett and Gates? Really?... You never addressed the questions in #156.


I didn't put anyone on the governments tit.

What? Whatever. Thanks for the insightful commentary. Have a nice day LWG......

[sunrnr]

Various reasons exist to explain drop in labor participation rate. Almost 2/3 of the drop may be due to demographic reasons ...

Still, labor force participation in the U.S. has been declining since 2000 for demographic reasons. The massive surge of women into the work force since the 1960s has petered out. Baby Boomers have begun retiring. Those trends are not going to reverse.

Remember, the job creation statistics come from a model. The jobs increase may or may not be real jobs. The unemployment figures are similarly adjusted as needed by statistical manipulation and slight of hand.

Manufacturing and supporting industry jobs for sure have gone down, largely due to movement of these jobs to areas of considerably lower wages and taxes. However, the switch to automation is the biggest threat even if jobs start migrating back to the U.S. Robotics and automation, although initially more expensive than manual labor, prove to be cheaper in the long run than humans doing the work.

[sunrnr]

Apr 16, 2013 21:12:47 GMT -5 damnotagain said:

500,000 drop out of labor market in march. BLS

</caption></table>

Let's have a look at the bigger picture, shall we? 

Labor Force Statistics from the Current Population Survey

Series Id: LNS14000000
Seasonally Adjusted
Series title: (Seas) Unemployment Rate
Labor force status: Unemployment rate
Type of data: Percent or rate
Age: 16 years and over

As we say here ... "Poo-Poo occurs" and it occurs in cycles.
Remember the unemployment rate (and job creation) is based on statistical slight of hand.

[damnotagain]

In proportion to population growth ,  that chart should be disturbing sunrnr.  It looks like nothing has changed since 1950

[Aman A.K.A. Ahamburger]

Apr 17, 2013 7:54:39 GMT -5 usaone said:

With the baby boomers retiring our workforce participation rate will be around 60% to 64% for the next 30 years as it was before the baby boomers were of working age.

 Exactly USAwon, at roughly 6-10k a day, or about 225k boomers a month hitting 65, you would think at least some are just going to leave the work force.  As they get older you would think it might even be a bit lower than 60% participation for a while as the boomers will still be alive and not working.   The fact is that jobs ARE coming back, for instance, Employers post more job openings but hire at slower pace and Firms are firing less, but not hiring enough.  

U.S. employers advertised the most job openings in nearly five years in February,

So damnot, should we be calling Granny and Gramps lazy for dropping out of the workforce 

[Aman A.K.A. Ahamburger]

Oh and damnot, all those people that are about to lose their benefits.... I have been talking about this now since 2009... 

 Thanks to the housing market hitting bottom in 2011, Construction Firms Say Labor is Harder to Come By. Thanks to the oil and gas expansion in the USA the Energy boom begins to ripple through US economy.  Thanks to record ag exports area farms poised to further benefit. Also, As Baby Boomers Age, Nursing Homes Face A Growing Labor Shortage and Modern manufacturing is still struggling to find skilled workers. Yes, that would be the US Confronting the Advanced Manufacturing Skills Gap if anyone was wondering. 

[frankq]

Yeah, I saw that aham. Lots of guys left the trades over the last 5 years. It's going to be tough replacing them, at least with quality people. There was a lot of confidence lost...

[Aman A.K.A. Ahamburger]

Apr 17, 2013 17:30:55 GMT -5 frankq said:

Yeah, I saw that aham. Lots of guys left the trades over the last 5 years. It's going to be tough replacing them, at least with quality people. There was a lot of confidence lost...

  Exactly Q, you have to have good people right now because the house has to be great, I would suspect that there is a bit of cherry picking going on as well, you know what I mean?

[sunrnr]

Apr 17, 2013 14:16:23 GMT -5 damnotagain said:

In proportion to population growth ,  that chart should be disturbing sunrnr.  It looks like nothing has changed since 1950

This shows the population growth including immigrants I believe. Are illegal aliens officially counted in the labor force and unemployment figures?
Seems reverse immigration has been increasing the past couple of years due to the poor economic situation in the US.

[damnotagain]

Apr 17, 2013 17:07:20 GMT -5 Aman A.K.A. Ahamburger said:

Apr 17, 2013 7:54:39 GMT -5 usaone said:

With the baby boomers retiring our workforce participation rate will be around 60% to 64% for the next 30 years as it was before the baby boomers were of working age.

 Exactly USAwon, at roughly 6-10k a day, or about 225k boomers a month hitting 65, you would think at least some are just going to leave the work force.  As they get older you would think it might even be a bit lower than 60% participation for a while as the boomers will still be alive and not working.   The fact is that jobs ARE coming back, for instance, Employers post more job openings but hire at slower pace and Firms are firing less, but not hiring enough. 

U.S. employers advertised the most job openings in nearly five years in February,

So damnot, should we be calling Granny and Gramps lazy for dropping out of the workforce 

 

Should be and what is are two different animals.

[Aman A.K.A. Ahamburger]

....  Should be like the way you guys talk we should be dead from radiation?  Or should be like gold should be at $2000+ right now and going higher according to all the gold bugs that were out there?  Or should be like how the USA should be finished by now according to so of you?  Or was that should be, like the USA should be losing jobs right now but they are still being added(slowly) and there are still plenty of them out there?  Or was that, what is happening is Frée Enterprise. WE(THE PEOPLE) Win!. 

[damnotagain]

1.) never said we should be dead 

2.) never claimed gold and silver were anything other than a way pass on some family tradition . Payed off.

3.) I see America in decline .

[frankq]

You see what you want to see......much different than what is...

[damnotagain]

Thanks frank I will. Please feel free to post such statements.



In the mean time . I see Boeing is going to layoff 936 in Washington state next month. 

Source : warn notices Washington state.
Some large numbers coming up in some states.

[Aman A.K.A. Ahamburger]

Apr 18, 2013 14:05:35 GMT -5 damnotagain said:

1.) never said we should be dead 

2.) never claimed gold and silver were anything other than a way pass on some family tradition . Payed off.

3.) I see America in decline .

1)  The evidence that you post in the manner that you post it suggest that we are all suffering from massive radiation posing right now.  Look up how fast radiation poising takes to kill someone and just think for a while.

2) Right, that's why you have a debasing the dollar thread on here trying to make the bullish case for gold... 

3) With your track record so far this makes me excited for the future of America. 

[damnotagain]

1.) you have no idea how close we came to being the United States of Amarijapan. Still could.

2. ) so let's see what are the BoJ , BoE , ECB and the fed doing by definition of debasing?

3.) how about the jobs report last week , down.  Damn they left out 2 states . It going to take more than a adding just a few jobs to have any effect on this economy. 

[frankq]

Still waiting for those ONE MILLION sequester job losses........

[usaone]

Dam. We went through this in the 1970s and as late as 1984 unemployment in Delaware was over 14%.  Economy is restructuring.  There are over 3 million jobs available right now.  

[damnotagain]

How about that chained CPI.  Wonder who will benefit from those mathmagician tricks ? Seniors? Those who are Disabled? 

Some re- structuring alright.

[clubv]

Manufacturing looks super strong. Both here and in China. Don't give me that "skills gap" crap please.

 

finance.yahoo.com/news/factory-activity-six-month-low-130145426.html