U-6 UE Number Falls 2.1% Layoffs at a 13 Year Low

[Driftr]

Jan 23, 2012 17:01:06 GMT -5 usaone said:

It sure does have everything to with it. Our Debt in 1946 was 138% of GDP.

GDP is always growing. That helps us pay off our debts.

No. It does NOT help us pay off our debts. Only retiring debt actually pays off our debts.

Unless you're talking about some theoretical 'when GDP gets to x, then we'll have y surplus in taxes and the debt will start to get paid off' plan. Let me tell you right now, that will not happen.

But I think you know all this. I think you act like an idiot just to see if anyone is paying attention. You're now on ignore right next to decoy. Life is too short to waste it on you two.

[usaone]

We do retire debt. And growing GDP has already helped pay off debt. It happened in the 1990s.

Ask Newt, he has been telling us this for the last several weeks.

[usaone]

Almost a quarter million jobs created in Jan!! The most in Jan in years.

SOLID upward trend in hiring and a down ward trend in weekly unemployment claims.

u3 down to 8.3%

There are still layoffs of course but hiring is picking up substantially.

[Driftr]

Jan 19, 2012 16:06:13 GMT -5 Driftr said:

Jan 19, 2012 15:55:36 GMT -5 usaone said:

Total work force participation has bottomed at 64%.Same number as in early 1986. That was 4 years into the recovery after 1982.

You do realize that in the period 1975-1990 the total workforce participation rate did not drop once right? Equating the current 64% to 4 years into a recovery post 1982 has been tried before and failed just as badly the last time you did it. Stick with your Boomers retiring mantra. That one actually made a little sense.

Seems participation has found a new bottom at 63.7%. Perhaps if it declines enough we will get back to full employment.

[usaone]

Labor Participation Rate in

1950 59%

1960 59%

1970 60%

1980 63.8%

1990 66.6%

2000 67%

2010 64.8%

Long term Non baby boomer participation rate is about 60%. That is probably where we will end up.

Job creation and workforce participation are two different issues.

Labor participation rate has not really grown since the late 1980's...66%-67%.

[usaone]

U6 Great Depression unemployment peaked at nearly 40%.

We are currently at 15.1% and dropping.

[usaone]

Weekly claims at 348,000!

Four year low!!

[Aman A.K.A. Ahamburger]

Things are going in the right direction, it is great to see the seasonal jobs continue in to spring...

[usaone]

Fed jobs....227K another very good number.

Dec number revised UPWARDS by 21k

Jan number revised UPWARDS by 41K

Wheres Drfter?.....workforce participation rate UP.2% to 63.9%.

[Aman A.K.A. Ahamburger]

Strength in numbers..

[Aman A.K.A. Ahamburger]

Usawon read this article and I thought of the conversation on this thread.

The looming U.S. labor shortage
Commentary: Baby boomer retirement will change everything
www.marketwatch.com/story/the-looming-us-labor-shortage-2012-03-14

[usaone]

Good article A. Soon almost everything will be automated.

[Aman A.K.A. Ahamburger]

Thanks and agreed. How else are we going to have a service sector? I know a lot of people that have immigrated here that would love to go home and work where they are from. Since there is that whole freedom thing.

[usaone]

348,000 Another good number........

[Aman A.K.A. Ahamburger]

It looks like a housing recovery might take hold THIS YEAR!

[Aman A.K.A. Ahamburger]

So usawon, another HUGE number today! This is an interesting indicator in the real economy.

Uniform-Rental Stocks Rise as Play on Rally in U.S. Jobs Market
www.bloomberg.com/news/2012-03-20/uniform-rental-stocks-rise-as-play-on-rally-in-u-s-jobs-market.html

[Driftr]

Feb 3, 2012 10:10:22 GMT -5 Driftr said:

Jan 19, 2012 16:06:13 GMT -5 Driftr said:

You do realize that in the period 1975-1990 the total workforce participation rate did not drop once right? Equating the current 64% to 4 years into a recovery post 1982 has been tried before and failed just as badly the last time you did it. Stick with your Boomers retiring mantra. That one actually made a little sense.

Seems participation has found a new bottom at 63.7%. Perhaps if it declines enough we will get back to full employment.

Oops. New bottom again. 63.5%.

[usaone]

The Baby Boomer Bubble in the participation rate continues to deflate.

Its at the same level as Sept 1981 under Ron Reagan.