Labor Force Participation Rate

[MrJimmyDale]

The labor force participation rate declined or decreased to 62%. That is the lowest it has been since 1978. What that means is only 62% of Americans of working age have job. But despite all of this, the unemployment rate has plunged from 6.7 to 6.3%.

UE rate.....another one of those manipulated statistics like inflation that befuzzel me........

[Green Arrow]

The unemployment rate is about as relevant as the BMI. Which is to say, it isn't relevant at all. Both systems of measurement are flawed to the point of inaccuracy.

[Captain Obvious]

"Working age" and the employment pool used to calculate the UR are probably defined differently. If so, I wonder if these definitions were constant.

[texan]

Everyone knows the current UE rate is about 11-12%. Obama's minions manipulate these numbers. I do think government does these things formore than selfish reasons. I think they believe they must say things and manipulate things to keep the masses confidence and attitudes up.

[Chris]

The labor force participation rate declined or decreased to 62%. That is the lowest it has been since 1978. What that means is only 62% of Americans of working age have job. But despite all of this, the unemployment rate has plunged from 6.7 to 6.3%.

UE rate.....another one of those manipulated statistics like inflation that befuzzel me........



Was going to post on this too, so I have a chart all ready:

http://i.snag.gy/WFwRq.jpg

From Why The Labor Force Participation Rate Won't Keep Plunging (http://www.businessinsider.com/goldman-on-the-labor-force-participation-rate-2014-5#!ILNuC). That takes a Krugman stance that it's all just part of the business cycle and not structural.

[Mainecoons]

The business cycle doesn't last 6 years unless the government turns the normal two year recession/crash into a never ending one. Roosevelt showed Obama how to do it--taxes, regulations, constant government meddling, attacks on the productive.

Worked for FDR, working equally well for Obama.

[texan]

Obama is an economic moron. I am beinning to think that democrats are as well when you look at the Blue States in crisis. But I don't think Billary is one, I think she would rather win.

[patrickt]

"Pelosi said she hadn’t “fully” seen the report, but, “this was one of the goals. To give people life, a healthy life, liberty to pursue their happiness. And that liberty is to not be job-locked, but to follow their passion.”
http://hotair.com/archives/2014/02/05/pelosi-fighting-job-lock-lets-americans-follow-their-passion-like-leaving-the-workforce/

Having Americans leave the workforce is a goal of the leftists and one they see as positive.

"“Liberty to pursue their happiness”! But Pelosi has this all wrong. The CBO projections aren’t finding that people will “follow their passion” and become self-employed, or start a business. The CBO projects that people will simply stop working. “Job lock” is the term used for when people are hesitant to leave their jobs for fear of losing insurance coverage. But there’s a difference between being freed from job lock to become an entrepreneur and being freed from job lock to just leave the workforce. The CBO is predicting the latter."

This is all part of the fundamental transformation of America. The only promise President Obama and his minions have tried to keep. The CBO doesn't understand the passion of some is to sit on the curb drinking liquor. Rep. Nancy Pelosi understands and applauds.

[texan]

Get rid of these academics and get me a real world business person for the United Stated of Business.

[patrickt]

Get rid of these academics and get me a real world business person for the United Stated of Business.

Academics often lack experience in America but I don't think they are lacking in intelligence as are many of our elected officials and bureaucrats.

[Chris]

The business cycle doesn't last 6 years unless the government turns the normal two year recession/crash into a never ending one. Roosevelt showed Obama how to do it--taxes, regulations, constant government meddling, attacks on the productive.

Worked for FDR, working equally well for Obama.


Yea, but, FDR had a Depression to work with, Obama had to manage with just a Recession.

[Blackrook]

They don't teach the kids in history class, but all of FDR's new government programs completely failed to end the Depression. If he was a Republican, history would say he was one of the most incompetent Presidents of all time. And his conduct of World War II was also incompetent. There was no reason to hand over control of half of the world to Stalin and Mao. That was incompetence on a massive scale, and had a competent President been in charge of the war, the entire Cold War would have been averted.

[Peter1469]

They don't teach the kids in history class, but all of FDR's new government programs completely failed to end the Depression. If he was a Republican, history would say he was one of the most incompetent Presidents of all time. And his conduct of World War II was also incompetent. There was no reason to hand over control of half of the world to Stalin and Mao. That was incompetence on a massive scale, and had a competent President been in charge of the war, the entire Cold War would have been averted.

How so?

[Blackrook]

How so?
By doing what Patton said to do, kicking the Russians back to Russia while we had the troops to do it.

And not insisting on "unconditional surrender" of the Axis powers, which favored the Communists.

And pressing on into central Europe from Italy, instead of starting a new and unnecessary front in Normandy.

And allowing Communists to infiltrate the government, which led to all these errors.

[Green Arrow]

By doing what Patton said to do, kicking the Russians back to Russia while we had the troops to do it.

And not insisting on "unconditional surrender" of the Axis powers, which favored the Communists.

And pressing on into central Europe from Italy, instead of starting a new and unnecessary front in Normandy.

And allowing Communists to infiltrate the government, which led to all these errors.

We would have lost.

[Blackrook]

We would have lost.
No, we would not have lost had we told the Russians to return to their borders. They would have backed down quickly, since they were in no condition to fight us. The typical Russian soldier would not have fought for Stalin to save Communism. The only way they got the soldiers to fight was to water down the whole Communist message, and talk about saving the "Motherland."

[Cigar]

In the United States we doing force people to Work .... anymore :grin:

[patrickt]

I think in the USSR, if you didn't fight you they shot you on the spot.

FDR took a depression and made it worse, made it last longer, and made himself a saint for the left. He was our first far-left president and he used the blessed depression. President Obama tried to use the recession just like FDR used the depression but bungled it.

Here's one analysis of FDR "ending" the Great Depression:
http://online.wsj.com/news/articles/SB10001424052702304024604575173632046893848

[waltky]

Labor participation rate hits 63.1%...
http://www.politicalwrinkles.com/images/smilies/thumbsup.gif
63.1%: Participation Rate Reaches Trump-Era High; Record Number of Employed
October 6, 2017 – Hurricanes Harvey and Irma are long gone, and despite dire predictions, they did not dampen the September jobs report in most key areas. The Bureau of Labor Statistics on Friday said the labor force participation rate of 63.1 percent reached a high for the year in September, up two-tenths of a point from August.


The number of employed Americans reached 154,345,000 in September, setting a sixth record since January. As the number of employed Americans reached an all-time high, the number of unemployed Americans in September -- 6,801,000 -- hasn't been this low since May 2007. The already low unemployment rate dropped another two-tenths of a point to 4.2 percent last month. That is the lowest since early 2001. BLS noted that the recent hurricanes had "no discernible effect on the national unemployment rate." The number of Americans not in the labor force declined a bit in September to 94,417,000. The record, set in the final full month of the Obama presidency, stands at 95,102,000 Americans not in the labor force.

On the negative side, BLS said no new jobs were added in September: In fact, BLS counts a job loss of 33,000, and it blamed the net effect of the two hurricanes for the negative jobs-added number. BLS noted that a “steep” employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey. Employment rose in health care and in transportation and warehousing. BLS said job gains have averaged 91,000 over the past three months. And wages are going up: In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to $26.55. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent,, BLS said.


https://www.cnsnews.com/s3/files/styles/content_60p/s3/fema-houston.jpg?itok=F7Hyn9lh
View on Aug. 31, 2017 from FEMA's Urban Search and Rescue Virginia Task Force Two searching neigborhoods inside Houston for survivors after flooding caused by Hurricane Harvey.

In September, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 255,562,000. Of those, 161,146,000 participated in the labor force by either holding a job or actively seeking one. The 161,146,000 who participated in the labor force equaled 63.1 percent of the 255,562,000 civilian noninstitutionalized population. Ahead of Friday’s report, President Donald Trump tweeted on Thursday: “Stock Market hits an ALL-TIME high! Unemployment lowest in 16 years! Business and manufacturing enthusiasm at highest level in decades!”

Among the major worker gro[i]he unemployment rates for adult men (3.9 percent) and Blacks (7.0 percent) declined in September. The jobless rates for adult women (3.9 percent), teenagers (12.9 percent), Whites (3.7 percent), Asians (3.7 percent), and Hispanics (5.1 percent) showed little change.

https://www.cnsnews.com/news/article/susan-jones/631-participation-rate-reaches-trump-era-high-record-number-emp

See also:

Federal Government Jobs Down 13,000 Under Trump
October 6, 2017 - The number of people working for the federal government has declined by 13,000 in 2017, according to data released today by the Bureau of Labor Statistics.


At the same time, overall government employment in the United States increased by 7,000 as the number of people working at the state government level and the local government level both increased. Meanwhile, the significant increase in manufacturing jobs that started last December halted in September as the nation lost 1,000 jobs in that sector. “Manufacturing employment was essentially unchanged in September (-1,000),” the BLS said in its monthly employment release. “From a recent employment trough in November 2016 through August of this year, the industry had added an average of 14,000 jobs per month.”

In December 2016, the federal government employed 2,819,000 people. In September, according to the preliminary numbers released today by BLS, it employed 2,806,000—a decline of 13,000 people employed by the federal government. However, while the federal –government workforce has declined by 13,000 this year the total number of people working for government in the United States has increased by 38,000—rising from 22,299,000 in December 2016 to 22,337,000 in September.

State governments added 15,000 workers—with employment at that level of government rising from 5,085,000 in December 2016 to 5,100,000 in September. Local governments added 36,000 workers—with employment in at the local level of government rising from 14,395,000 in December 2016 to 14,431,000 in September. Despite losing 1,000 jobs in September, the manufacturing sector has still gained 104,000 jobs in this year. In December, there were 12,343,000 employed in manufacturing in the United States. In September, there were 12,447,000.

Despite the gain in manufacturing jobs since the start of this year, government jobs continue to massively outnumber manufacturing jobs in the United States. As of September, the 22,337,000 employed by governemt in the United States outnumbrered the 12,447,000 employed in manufacturing by 9,890,000. The first time government jobs outnumbered manufacturing jobs in this country was August 1989, prior to that--going back to 1939 (the earliest year for BLS's sector-by-sector employment numbers)--manufacturing jobs had always outnumbered government jobs in this country.

https://www.cnsnews.com/news/article/terence-p-jeffrey/federal-government-jobs-down-13000-year

[Docthehun]

If you lose a great number of low paying jobs, it will appear that average wages have risen. Just sayin'

[Captain Obvious]

If you lose a great number of low paying jobs, it will appear that average wages have risen. Just sayin'

Also not considered is the loss of benefits - the shift to part-time, no benefits jobs.

There are so many factors in this stuff, the outcomes are easy to manipulate.