Conservatives Spin Great Job Numbers Into Really Bad News
Labor Force Participation Remains at 36-Year Low
It goes on to say:
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
Of course, there could be many reasons for a low labor force participation rate, not the least of which are aging baby boomers, a large segment of the population, who are no longer working. Additionally, this a cyclical result of the recession and near-depression we had in 2008. That’s when participation rate began its drop, and it’s going to take some time to regenerate. Nevertheless, while we now have the best for jobs since 1999, there is a big cloud in that silver lining, the one the right is desperate to find anytime there is good news out of the White House.
Copyright 2014 Liberaland
Tommy6860 December 5th, 2014 at 13:14
Well, then they can explain this addendum to this latest jobs report:
Biggest Payroll Gain in Almost Three Years Boosts U.S. Wages
A November hiring surge ranging from factories to offices and
retailers powered the U.S. economy to create the largest number of jobs
in almost three years, triggering long-awaited wage gains.
The 321,000 advance in payrolls followed a 243,000 increase in October that
was stronger than previously reported, Labor Department figures showed
today in Washington. The November gain exceeded the most optimistic
projection in a Bloomberg survey of economists. The jobless rate held at a six-year low of 5.8 percent and average hourly earnings rose 0.4 percent, the most since June of last year.
More Reading…
Tommy6860 December 5th, 2014 at 14:14
Well, then they can explain this addendum to this latest jobs report:
Biggest Payroll Gain in Almost Three Years Boosts U.S. Wages
A November hiring surge ranging from factories to offices and
retailers powered the U.S. economy to create the largest number of jobs
in almost three years, triggering long-awaited wage gains.
The 321,000 advance in payrolls followed a 243,000 increase in October that
was stronger than previously reported, Labor Department figures showed
today in Washington. The November gain exceeded the most optimistic
projection in a Bloomberg survey of economists. The jobless rate held at a six-year low of 5.8 percent and average hourly earnings rose 0.4 percent, the most since June of last year.
More Reading…
neworleans878 December 5th, 2014 at 13:39
Funny…never heard about labor force participation numbers under any Republican president, no matter how bad the economy.
Tommy6860 December 5th, 2014 at 13:48
Didn’t Romney claim when running in 2012 that he’d get the unemployment rate down to 6% by 2016? See, it’s Obama’s fault, yet again!
I hope that winger runs in 2016, popcorn sales will hit the roof during the debates.
neworleans878 December 5th, 2014 at 14:00
Bought popcorn futures just the other day. Sound investment. If 2016 is anything like 2012, just may be able to retire :)
nola878 December 5th, 2014 at 14:39
Funny…never heard about labor force participation numbers under any Republican president, no matter how bad the economy.
Tommy6860 December 5th, 2014 at 14:48
Didn’t Romney claim when running in 2012 that he’d get the unemployment rate down to 6% by 2016? See, it’s Obama’s fault, yet again!
I hope that winger runs in 2016, popcorn sales will hit the roof during the debates.
nola878 December 5th, 2014 at 15:00
Bought popcorn futures just the other day. Sound investment. If 2016 is anything like 2012, just may be able to retire :)
rg9rts December 5th, 2014 at 14:06
This information brought to you by the same clowns that thought the George II administration was the most productive job wise EVER……
rg9rts December 5th, 2014 at 15:06
This information brought to you by the same clowns that thought the George II administration was the most productive job wise EVER……
Obewon December 5th, 2014 at 14:09
10.6 M+ Private Jobs created in 56 consecutive months is a new U.S. Record, and the best 200,000+ monthly jobs creation since Clinton’s 1998!
The Labor Force Participation rose to 62.8% in November matching LFP Percentage since March 1978! Good news for America is always bad news for republicans.
Obewon December 5th, 2014 at 15:09
10.6 M+ Private Jobs created in 56 consecutive months is a new U.S. Record, and the best 200,000+ monthly jobs creation since Clinton’s 1998! 321,000 November jobs created, amid 2014’s average 241,000 monthly job creation.
The Labor Force Participation rose to 62.8% in November matching LFP Percentage since March 1978! Good news for America is always bad news for republicans.
thule December 5th, 2014 at 14:11
There should also be a boost in the economy due to the low gas prices. There is a direct correlation between the two. No that the president can take any credit for oil prices. Again, thanks to fracking!
Obewon December 5th, 2014 at 14:28
US record $16.5 T GDP grows at +4.5% APR. Lower gas prices redirect $180 B in consumers disposable income away from Big Oil. While Fracking creates cancer clusters and earth quakes to expel natural gas.
According to a 2013 analysis by the BLS, in the fourth quarter of 2011 there were 3.4 million green jobs in the United States. Overall, green jobs represented 2.6% of jobs in the United States, Fossil fuel employs 2.4 M. http://www.eesi.org/papers/view/fact-sheet-jobs-in-renewable-energy-and-energy-efficiency?/fact-sheet-jobs-renewable-energy-and-energy-efficiency-11-jun-2013
thule December 5th, 2014 at 15:11
There should also be a boost in the economy due to the low gas prices. There is a direct correlation between the two. No that the president can take any credit for oil prices. Again, thanks to fracking!
Obewon December 5th, 2014 at 15:28
US record $16.5 T GDP grows at +4.5% APR. Lower gas prices redirect $180 B in consumers disposable income away from Big Oil. While Fracking creates cancer clusters and earth quakes to expel natural gas.
According to a 2013 analysis by the BLS, in the fourth quarter of 2011 there were 3.4 million green jobs in the United States. Overall, green jobs represented 2.6% of jobs in the USA, but Fossil fuel employs a mere 2.4 M. http://www.eesi.org/papers/view/fact-sheet-jobs-in-renewable-energy-and-energy-efficiency?/fact-sheet-jobs-renewable-energy-and-energy-efficiency-11-jun-2013
Larry Schmitt December 5th, 2014 at 14:44
Related to my post on the other thread, I bet Fox News and Fox Business will report this angle, but not the part about the increase in jobs.
Larry Schmitt December 5th, 2014 at 15:44
Related to my post on the other thread, I bet Fox News and Fox Business will report this angle, but not the part about the increase in jobs.
Spirit of America December 5th, 2014 at 15:53
Nothing is wholly good or bad on its own, the whole picture is what counts. More jobs is a good thing, period, give credit. If some of those jobs are low-paying, that’s a bad part of a good thing, lets keep working on it. If a lot of folks aren’t in the labor force, lets admit it and work on that.
But never say 300k more people working is a bad thing, period.
arc99 December 5th, 2014 at 19:47
SOA,
Although I disagree with many of your opinions, your reasonable voice from the right-hand side of the political spectrum is truly a breath of fresh air and unfortunately far too rare.
Spirit of America December 5th, 2014 at 20:32
Visualize my head tipping to you sir.
(oh he||, add a slight smile to my face as well while doing it)
:)
Tim Coolio December 5th, 2014 at 22:53
2.5 million jobs created in the last year and
a half, that’s 2.5 million more than bush
created in 8 years!
Spirit of America December 5th, 2014 at 23:25
Is that accurate? The dept of labor shows it a bit different.
Spirit of America December 5th, 2014 at 16:53
Nothing is wholly good or bad on its own, the whole picture is what counts. More jobs is a good thing, period, give credit. If some of those jobs are low-paying, that’s a bad part of a good thing, lets keep working on it. If a lot of folks aren’t in the labor force, lets admit it and work on that.
But never say 300k more people working is a bad thing, period.
arc99 December 5th, 2014 at 20:47
SOA,
Although I disagree with many of your opinions, your reasonable voice from the right-hand side of the political spectrum is truly a breath of fresh air and unfortunately far too rare.
Spirit of America December 5th, 2014 at 21:32
Visualize my head tipping to you sir.
(oh he||, add a slight smile to my face as well while doing it)
:)
Tim Coolio December 5th, 2014 at 23:53
2.5 million jobs created in the last year and
a half, that’s 2.5 million more than bush
created in 8 years!
Spirit of America December 6th, 2014 at 00:25
Is that accurate? The dept of labor shows it a bit different.
Suzanne McFly December 5th, 2014 at 16:09
The fact that we have to constantly explain that a lower unemployment rate is good as is a growing GDP gives me a throbbing headache. Has anyone sat down with a rwnj and tried to have them explain why they are against Obama’s economic policies? I have and it is hell.
tiredoftea December 5th, 2014 at 18:40
I hear that there are drugs for that.
Suzanne McFly December 5th, 2014 at 19:00
I like to keep my drugs “natural” if you know what i’m sayin’ :)
tiredoftea December 5th, 2014 at 19:06
But, with a satisfyingly big THC count, I’m sure.
Suzanne McFly December 5th, 2014 at 19:11
:) Cures all kinds of ailments, even headaches only rwnj’s can produce.
tiredoftea December 5th, 2014 at 20:13
Plus all of those other “mystery” ailments that also seem to require a cure.
Tim Coolio December 5th, 2014 at 22:52
It’s covered by the ACA!
Suzanne McFly December 5th, 2014 at 17:09
The fact that we have to constantly explain that a lower unemployment rate is good as is a growing GDP gives me a throbbing headache. Has anyone sat down with a rwnj and tried to have them explain why they are against Obama’s economic policies? I have and it is hell.
tiredoftea December 5th, 2014 at 19:40
I hear that there are drugs for that.
Suzanne McFly December 5th, 2014 at 20:00
I like to keep my drugs “natural” if you know what i’m sayin’ :)
tiredoftea December 5th, 2014 at 20:06
But, with a satisfyingly big THC count, I’m sure.
Suzanne McFly December 5th, 2014 at 20:11
:) Cures all kinds of ailments, even headaches only rwnj’s can produce.
tiredoftea December 5th, 2014 at 21:13
Plus all of those other “mystery” ailments that also seem to require a cure.
Tim Coolio December 5th, 2014 at 23:52
It’s covered by the ACA!
P_Arthur December 5th, 2014 at 17:20
Why is improvement not worthy in and of itself? Of course the job market has been depressed, it was reported that way in the very beginning. But rehashing that old news every time we see an improvement is pure politics, there is no other reason that makes sense.
P_Arthur December 5th, 2014 at 17:20
Why is improvement not worthy in and of itself? Of course the job market has been depressed, it was reported that way in the very beginning. But rehashing that old news every time we see an improvement is pure politics, there is no other reason that makes sense.
P_Arthur December 5th, 2014 at 18:20
Why is improvement not worthy in and of itself? Of course the job market has been depressed, it was reported that way in the very beginning. But rehashing that old news every time we see an improvement is pure politics, there is no other reason that makes sense.
tiredoftea December 5th, 2014 at 18:45
Some of the number is due to the ACA. Many people worked to retain their employer based health insurance. Now, they can either retire early, start their own business or cut back their working hours to do other things, like volunteering.
A lower labor force participation rate is not necessarily a bad thing. Except for the long term unemployed who are now counted among the discouraged worker category.
SteveD December 6th, 2014 at 02:22
“Some of the number..”
Remember when the media went wild with stories like “the ACA is going to cost us 2 million jobs!!!” instead of your “Obamacare is going to open up 2 million job positions to younger workers?”