cawacko
Well-known member
Top, why would Dung say this?
Economy added 169k jobs in August as the recovery grinds along
- Thread starter anatta
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Top, why would Dung say this?
Maybe he's a partisan hack
Boomers retiring will still be there if a republican wins next time!
It's called demographics
Thanks to President Obama?
Tell me what Obama did to create those jobs, will you?
AmazonTania
One Percenter Wannabe
Actually, 312,000 people left the labour force. As of now, a record 90 Million people are not part of the labour force.
The labour force participation rate plunged from 63.4% to 63.2%, which was the lowest it's been since 1978.
The biggest jobs gains were, as usual, were in Retail Rate, Leisure and Hospitality and Temp Services. We have also a surprising gain in the amount of Government jobs. So much for the sequester.
And, as usual, the biggest job gains were in low skilled, low paying service sector jobs.
The labour force participation rate plunged from 63.4% to 63.2%, which was the lowest it's been since 1978.
The biggest jobs gains were, as usual, were in Retail Rate, Leisure and Hospitality and Temp Services. We have also a surprising gain in the amount of Government jobs. So much for the sequester.
And, as usual, the biggest job gains were in low skilled, low paying service sector jobs.
AmazonTania
One Percenter Wannabe
Actually, there is no indicators which supports the notion that Demographics are the cause of the decline. Especially when you are comparing this Phenomenon to countries with similar prospects of an aging population, like Canada.
The increasing surge in disability participants does explain the big increase of people no longer in the labour force, on the other hand.
zappasguitar
Well-known member
Hmmmmm...should I try and discuss this issue with a known troll?
Do I think I will get a straight answer out of a guy who has repeatedly resorted to innuendo, invective and obfuscation?
Short answer:
No.
zappasguitar
Well-known member
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The Almighty
Is it? Labor participation rate is at a level we haven't seen since the late 70's (as the article mentioned). Most of the jobs that have been created this year are part time, not full time. Add to that the fact that the job increases in June and July were revised down and the August number doesn't even keep up with the new entrants into the job market and you have a mess.
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The Almighty
labor participation rate has gone down by about 2.5%, so it does account for most of the decline in the unemployment rate. Part time jobs is the other big factor in the decline.
Not true blow hard
It's not an Obama thing, they are called retiring boomers!
You have a decade left of declining participation rate.
Junior
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The Almighty
What part is it that you disagree with Toppy?
The Labor participation rate is quoted in the article in the OP. The PT jobs numbers have been posted on numerous threads.
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The Almighty
Top... the echo boomers are a bigger population than the baby boomers. They are entering as the baby boomers are leaving.