US Unemployment is 5.5% - Page 2 - GoFuckYourself.com

aka123 · 03-07-2015, 04:16 AM

Quote:

Originally Posted by woj

There are dozens of possible explanations... so it's impossible to draw any conclusions from the "employment-population ratio"...

maybe more people are choosing to retire earlier (before 64) causing the ratio to drop?
maybe households are feeling wealthier now, so only one person wants/needs to work instead of 2? maybe more people are choosing different paths in life, starting a business, investing, or perhaps pursuing arts instead of "working"? maybe social standards are changing, so maybe it's more acceptable not to work? maybe younger generation are less materialistic, so they are less interested in work? maybe more people are choosing to study instead of work? etc...

so... claiming that low "employment-population ratio" proves there is no work available is a bit of a stretch... there are dozens of alternative equally possible explanations...

How it is impossible to draw conclusions from employment ratio? It is self-explanatory: the amount of work age folks who are employed. It describes just what it is meant to.

By the way, doing business counts as "employed" in that ratio.

The rest of the stuff, you are right. It doesn't give you reasons why people are or aren't employed, but isn't even supposed to do so. It is just one fucking measurement. Even businesses use balanced scorecards.

My claim that there is no job for the most non-employed is based on; that no economy can suddenly create jobs for almost half of their work age population if they all want to be employed. At least with private sector, socialism style yes. As there is also much unemployed folks, who are registered to be wanting a job, it is easy to conclude that if there isn't job for the 5,5 % of folks, there isn't job for the rest 35 %:ish neither.

aka123 · 03-07-2015, 04:31 AM

Quote:

Originally Posted by woj

not to mention that whole premise of "employment-population ratio" is debatable, is high or low number good? look at 2 households,

1. husband works 40 hours a week, makes $100k/year
wife doesn't work
"employment-population ratio" = 50%

2. both work 40 hours a week, making $50k each
"employment-population ratio" = 100%

isn't household 1 better off? and yet their "employment-population ratio" is half of the 2nd one....

Better for who? Maybe the wife wants to work? How about the work hours in the society in general? Also this model relies for traditional family cohesion, that isn't the case in modern societies. There is huge amount of singles and divorced folks. If there is just one job per family; either one is fucked before marriage or after divorce. Although USA is famous for the big after divorce payments for either one; usually for the wife. But still, considering the requirement that people can (if wanting) independently support themselves economically; it requires jobs for everyone.

Also not everyone like the old model: "woman gets sold" to a man, so that the selling (and still paying) family gets someone to support her. In the model you presented; women aren't very independent.

Buff · 03-07-2015, 05:06 AM

Credit where it's due. Rochard's right about how strong the US economy is: the economy is so robust that 92,898,000 of the 249,899,000 Americans in the potential labor force (16 or older who were not in the military or an institution) are so well off that they don't have to work anymore! This is an unprecedented amount and this incredible level of economic health has not been seen since women first entered the labor force en masse in the 70s!

Source: 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months | CNS News

woj · 03-07-2015, 05:50 AM

Quote:

Originally Posted by aka123

How it is impossible to draw conclusions from employment ratio? It is self-explanatory: the amount of work age folks who are employed. It describes just what it is meant to.

yea, it's a random statistic, but what does that statistic mean? why is it going up or down?

Look at 60s to 2000s in the US:
57.4 59.2 62.8 64.4

What does that mean? Did economy improve? or did our society become more materialistic so work became more desirable? Maybe fewer people became married in that time range, leading to more people seeking work? etc

Quote:

Originally Posted by aka123

Better for who? Maybe the wife wants to work? How about the work hours in the society in general? Also this model relies for traditional family cohesion, that isn't the case in modern societies. There is huge amount of singles and divorced folks. If there is just one job per family; either one is fucked before marriage or after divorce. Although USA is famous for the big after divorce payments for either one; usually for the wife. But still, considering the requirement that people can (if wanting) independently support themselves economically; it requires jobs for everyone.

Also not everyone like the old model: "woman gets sold" to a man, so that the selling (and still paying) family gets someone to support her. In the model you presented; women aren't very independent.

Isn't it safe to say that work is generally undesirable (from that person's perspective)? So when someone works he does so because he is forced to... Do you honestly think that wife would rather work at some meaningless job whole day, or spend time with her kids? or would 60 year old guy rather retire at 60 or put in few more years of work in? There are of course exceptions, but generally you want less work, not more...

So like I said, it's debatable whether low or high "employment-population ratio" is "good"...

p.s.
it's not about "traditional family", that example was just used to illustrate a point... same point can be made about 60 year old guy that chooses between continuing to work or retiring...

arock10 · 03-07-2015, 06:04 AM

Unemployment % dropping is great but wages have been flat for years while companies rake in the profits...

With these low interest rates it sure is a great time to run a biz and sure shitty time for a lot of others

aka123 · 03-07-2015, 06:27 AM

Quote:

Originally Posted by woj

yea, it's a random statistic, but what does that statistic mean? why is it going up or down?

Look at 60s to 2000s in the US:
57.4 59.2 62.8 64.4

What does that mean? Did economy improve? or did our society become more materialistic so work became more desirable? Maybe fewer people became married in that time range, leading to more people seeking work? etc

Isn't it safe to say that work is generally undesirable (from that person's perspective)? So when someone works he does so because he is forced to... Do you honestly think that wife would rather work at some meaningless job whole day, or spend time with her kids? or would 60 year old guy rather retire at 60 or put in few more years of work in? There are of course exceptions, but generally you want less work, not more...

So like I said, it's debatable whether low or high "employment-population ratio" is "good"...

p.s.
it's not about "traditional family", that example was just used to illustrate a point... same point can be made about 60 year old guy that chooses between continuing to work or retiring...

It is not random statistic. It is the most precise one that can be gotten regarding this issue. Far from random. It is already said what it describes. It is accurate because it is not subjective and has little variables. It gives the best overal picture. For example women may stay as housewives because there isn't jobs for them. Or there isn't jobs for them because they don't want it at the first place. Employment ratio doesn't care about this. It just measures the employment ratio, thus it is realiable indicator through times and between societies.

It isn't safe to say that work is meaningless or undesirable, far from that. Traditionally work has defined your social position, your income and brought meaning to life (not the only source, but important). This has changed somewhat; somewhat as a necessity (as so many haven't job).

About the wifes; why you assume the work she would be doing is meaningless? And the kids, excluding young children, they are at school during day. Work has social aspect too, of course being homemom can be too if moms hang out together. But, the one who brings the money, usually has the most influence to how it is used and who uses it.

This discussion in general is not about whether doing work is a good or bad thing. You can keep it as you want, but keeping not working as a good thing and at the same time requiring everyone making their living, doesn't equal. If people can't make their living; either their closest ones have to support them or society in general.

woj · 03-07-2015, 07:15 AM

Quote:

Originally Posted by aka123

It is not random statistic. It is the most precise one that can be gotten regarding this issue. Far from random. It is already said what it describes. It is accurate because it is not subjective and has little variables. It gives the best overal picture. For example women may stay as housewives because there isn't jobs for them. Or there isn't jobs for them because they don't want it at the first place. Employment ratio doesn't care about this. It just measures the employment ratio, thus it is realiable indicator through times and between societies.

I don't agree, I don't think it's a reliable indicator of anything, I still think it's impossible to draw any conclusions...

one society where everyone retires at 60 would have lower employment ratio, than society where everyone retires at 70... same can be said about society where everyone is spending half their life getting PhDs instead of working... same can be said about society where money is easily made, so one person can easily support 5 family members... same can be said about societies where it's taboo or perhaps even illegal for women to work, etc...

so comparing different societies, or time periods and then concluding that low "employment-population ratio" means "jobs are not available" is a bit flawed...

aka123 · 03-07-2015, 07:28 AM

Quote:

Originally Posted by woj

I don't agree, I don't think it's a reliable indicator of anything, I still think it's impossible to draw any conclusions...

one society where everyone retires at 60 would have lower employment ratio, than society where everyone retires at 70... same can be said about society where everyone is spending half their life getting PhDs instead of working... same can be said about society where money is easily made, so one person can easily support 5 family members... same can be said about societies where it's taboo or perhaps even illegal for women to work, etc...

so comparing different societies, or time periods and then concluding that low "employment-population ratio" means "jobs are not available" is a bit flawed...

I haven't said that employment ratio the only indicator to be used, but from single indicators; it gives the best overal picture. With unemployment rate you have all the same questions; but for example with 5,5 % unemployment rate you don't know that is 94,5 % of folks employed or 1 %.

It describes what it describes; I already said that you aren't even supposed to get answers to all your questions from one single indicator. There is no fucking indicator that can do that.

crockett · 03-07-2015, 08:31 AM

In 2014 auto manufactures sold 1 million more cars than they did in 2013..

Every car manufacturer sold more cars in 2014 than they did in 2013 with the exception of Ford, because they redesigned their full size truck and it didn't do so good. That means despite Ford doing wore ans being the number one in sales the entire industry still out sold the previous year with Chrysler having a 16% increase.

They are projecting 2015 will top 2006's sales which was the sales level prior to the crash..

Sorry Debbie Nay Sayers but the economy is doing just great no matter how much you don't want it to be, we know it's bad for your team and you hate Obama.. We know, we know..

Hell even in the Republican strong hold of Houston Texas one of the hardest hit in foreclosures at the start of the crash, just broke the all time record of homes sold. Looks like Texans think the economy is doing just fine and they are gobbling up the McMainsions once again..

SmutHammer · 03-07-2015, 09:29 AM

Quote:

Originally Posted by crockett

I don't agree with long term welfare either. I believe in helping people whom need help to get on their feet (ie someone whom is willing to help themselves) I also have no issues at all helping the disabled or elderly. Those are the types of people whom every civilized society should try to help.

I do not however condone helping habitual welfare queens or people whom just expect handouts. I've always felt welfare should be time limited and not a never ending thing.

I do however see the problem with that line of thinking when kids are involved, which is why we have the welfare queens that we have and I don't know of a solution around that. Hence the reason with the current system we are damned if we do and damned if we don't.

I do think that people on welfare should have to do some sort of work or civic duty in order to receive it. Start making people clean streets, clean up the beaches, parks, do janitorial work at public buildings ect..ect to get their welfare check and you just watch how fast they go get a job..

Again I agree with you

RummyBoy · 03-07-2015, 11:49 PM

Another question to ask is whether 300k jobs makes any difference to the almost 48 million who are on food stamps:

Why are 47 million Americans on food stamps? It’s the recession ? mostly. - The Washington Post

RummyBoy · 03-12-2015, 09:02 AM

Altman: 5.5% jobless not telling true labor story - Yahoo Finance

Real figure closer to 11%

Bladewire · 03-12-2015, 09:08 AM

Quote:

Originally Posted by woj

I don't agree, I don't think it's a reliable indicator of anything, I still think it's impossible to draw any conclusions...

one society where everyone retires at 60 would have lower employment ratio, than society where everyone retires at 70... same can be said about society where everyone is spending half their life getting PhDs instead of working... same can be said about society where money is easily made, so one person can easily support 5 family members... same can be said about societies where it's taboo or perhaps even illegal for women to work, etc...

so comparing different societies, or time periods and then concluding that low "employment-population ratio" means "jobs are not available" is a bit flawed...

This is the modern day problem with controlling society in all nations. Anyone can go online and see the truth or see a different opinion. It's harder to fool the masses. Where do we go from here?

Barry-xlovecam · 03-12-2015, 09:47 AM

Quote:

Originally Posted by Bladewire

This is the modern day problem with controlling society in all nations. Anyone can go online and see the truth or see a different opinion. It's harder to fool the masses. Where do we go from here?

truth == MEDIAN(all the bullshit);

Rochard · 03-12-2015, 11:19 AM

Quote:

Originally Posted by crockett

In 2014 auto manufactures sold 1 million more cars than they did in 2013..

Every car manufacturer sold more cars in 2014 than they did in 2013 with the exception of Ford, because they redesigned their full size truck and it didn't do so good. That means despite Ford doing wore ans being the number one in sales the entire industry still out sold the previous year with Chrysler having a 16% increase.

They are projecting 2015 will top 2006's sales which was the sales level prior to the crash..

Sorry Debbie Nay Sayers but the economy is doing just great no matter how much you don't want it to be, we know it's bad for your team and you hate Obama.. We know, we know..

Hell even in the Republican strong hold of Houston Texas one of the hardest hit in foreclosures at the start of the crash, just broke the all time record of homes sold. Looks like Texans think the economy is doing just fine and they are gobbling up the McMainsions once again..

This has nothing to do with politics for me. I am not a huge fan of Obama.

I remember when the economy was bad. I've said this over and over again - Exactly half of the twenty houses on my street were vacant. People weren't just loosing their jobs; They were also loosing their houses. My town went from the fastest growing town in the United States to nearly bankrupt; All construction stopped. They were building a Sonic drive in restaurant up the street and stopped half way through - the walls were up, but they never finished it and years later they took it down.

This isn't about politics; It's about reality. The economy isn't better because of Obama; The economy is better because it couldn't get any fucking worse. The main solution to this problem was time; Obama just happened to be in office during the uptick.

Ignoring the facts just means you refuse to accept the truth.

bronco67 · 03-12-2015, 11:24 AM

How does someone "drop out of the workforce" and just give up totally looking for a job? If all of these new jobs are supposedly being added, wouldn't their chances of getting a job increase?

Is there some rule that says you'll never work again if you can't find a job in x amount of time, so don't bother looking anymore? That seems like some made up bullshit to perpetuate the doom and gloom. I agree with Crockett, it sounds more like a problem of the people who give up -- if that actually is what's happening.

MakeMeGrrrrowl · 03-12-2015, 11:30 AM

Quote:

Originally Posted by crockett

If there are no jobs where you live then you move.. If "YOU" choose to live in an area which has no jobs, then it is "YOU" whom are to blame not the govt or anyone else.

Opportunity is out there if "YOU" want it.

There is no such thing as living in an area that doesn't have jobs as long as the internet exists. There is money to be made in so many ways.

Some people are content to just do nothing and complain about everything.

arock10 · 03-12-2015, 01:17 PM

Quote:

Originally Posted by MakeMeGrrrrowl

There is no such thing as living in an area that doesn't have jobs as long as the internet exists. There is money to be made in so many ways.

Some people are content to just do nothing and complain about everything.

What about if the Internet doesn't exist

aka123 · 03-12-2015, 01:23 PM

Quote:

Originally Posted by bronco67

I agree with Crockett, it sounds more like a problem of the people who give up -- if that actually is what's happening.

Too bad you live in the same country with the rest of the folks.

aka123 · 03-12-2015, 01:24 PM

Quote:

Originally Posted by arock10

What about if the Internet doesn't exist

Pony Express. So much money to be made with it. Like by robbing it.

slapass · 03-12-2015, 03:28 PM

Quote:

Originally Posted by RummyBoy

Altman: 5.5% jobless not telling true labor story - Yahoo Finance

Real figure closer to 11%

46 million Americans are 65 and over. And it is only going to get worse. Those worthless sob's need to get jobs acordo-me to the republicanos. But aint going to happen.

johnny o · 03-12-2015, 08:05 PM

Quote:

Originally Posted by Rochard

Another drop. Surprise.

Cue Vendzilla to tell us how we've been calculating unemployment wrong all of this time, or how less people are looking for jobs, or something.

baddog beat him to it lol. denial ain't a river in egypt ladies.

RummyBoy · 03-13-2015, 05:55 AM

Quote:

Originally Posted by MK Ultra

It's never been in goverment's interest to tell you the whole truth, question everything.

This MK Ultra dude said something so relevant, even if his username does sound like new Colgate toothpaste

aka123 · 03-13-2015, 06:15 AM

Quote:

Originally Posted by MK Ultra

It's never been in goverment's interest to tell you the whole truth, question everything.

We had source critical reading lessons in school. But it included every source. Including "The federalist", or whatever is the source for your graph (we were also taught to put trackable source; link or where it was published, when, page, etc.).

Just saying.

directfiesta · 03-13-2015, 02:53 PM

Quote:

Originally Posted by johnny o

baddog beat him to it lol. denial ain't a river in egypt ladies.

Nice ....

MK Ultra · 03-13-2015, 04:36 PM

Quote:

Originally Posted by RummyBoy

This MK Ultra dude said something so relevant, even if his username does sound like new Colgate toothpaste

Project MKUltra - Wikipedia, the free encyclopedia

I'm no conspiracy theorist that shit really happened and went on for 20 years.

Government cannot be trusted, ever. I am baffled by people who can't grasp that simple fact.

Government is run by people and people can be counted on to invariably move in the direction that promotes their own self-interest over that of all others.
Our Founders understood this and tried to limit the size and scope of the federal government but I'm afraid they just didn't put in enough safeguards.

Altruism is a fine word, but in Washington DC all other seats of government that's all it is, just a word.

The word that's much more relevant is power.

Quote:

Originally Posted by aka123

We had source critical reading lessons in school. But it included every source. Including "The federalist", or whatever is the source for your graph (we were also taught to put trackable source; link or where it was published, when, page, etc.).

Just saying.

Sorry I must have slept through that class

Rochard · 03-13-2015, 05:10 PM

Quote:

Originally Posted by bronco67

How does someone "drop out of the workforce" and just give up totally looking for a job?

Simple - they weren't really looking for a job in the first place.

My older brother lost his job and went on unemployment. His (common law) wife has a full time job and makes enough to support the two of them if they cut back a little. Although my brother is pushing age fifty, the truth is he really has only had one job his entire life and only recently; He isn't qualified to do anything more than entry level work. At that point, why bother with working if you don't have to?

GregE · 03-13-2015, 08:31 PM

Quote:

Originally Posted by crockett

If there are no jobs where you live then you move.. If "YOU" choose to live in an area which has no jobs, then it is "YOU" whom are to blame not the govt or anyone else.

Three words: Upside down mortgage

What made this last recession especially bad was that the ability to simply pickup and move is no longer a viable option for all too many.

RummyBoy · 03-13-2015, 09:49 PM

Quote:

Originally Posted by MK Ultra

Government is run by people and people can be counted on to invariably move in the direction that promotes their own self-interest over that of all others.

It's good you're awake enough to understand that...... 99% of people blindly believe their governments and trust them implicitly.

RummyBoy · 03-14-2015, 01:10 AM

Quote:

Originally Posted by Buff

Credit where it's due. Rochard's right about how strong the US economy is: the economy is so robust that 92,898,000 of the 249,899,000 Americans in the potential labor force (16 or older who were not in the military or an institution) are so well off that they don't have to work anymore!

Are you talking about this 93 million? You're right they've decided they don't actually need a job to survive comfortably..... better to sit at home, browse facebook, watch tv and get paid for it.

Rochard · 03-14-2015, 08:17 AM

Quote:

Originally Posted by RummyBoy

Are you talking about this 93 million? You're right they've decided they don't actually need a job to survive comfortably..... better to sit at home, browse facebook, watch tv and get paid for it.

But there is always a large number of Americans who do not work and are not looking for work. It blows me away that people do not understand this.

There is a difference between being unemployed and not needing to work.

OY · 03-14-2015, 08:33 AM

Quote:

Originally Posted by baddog

You do realize that people automatically drop off the unemployed list as soon as their benefits run out, right? They don't have to be employed to not be counted as unemployed.

Was that not the case during previous periods?

crockett · 03-14-2015, 09:04 AM

Quote:

Originally Posted by GregE

Three words: Upside down mortgage

What made this last recession especially bad was that the ability to simply pickup and move is no longer a viable option for all too many.

That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.

GregE · 03-14-2015, 11:29 AM

Quote:

Originally Posted by crockett

That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.

Many (probably most) of them could afford the house when they were working and who's to say they didn't have enough money set aside to go a good many months sans paycheck. At some point that money runs out though and if the nearest decent job is hundreds of miles away they can't sell a place that's worth less than owe on it.

Some guys get around that by doing the weekly motel room rate thing where the job is while leaving the family in the house and others find someone to rent their house and make the mortgage payments that way. A friend of mine has had a tenet in his upside down house for the last four years. These things are not always doable however.

2MuchMark · 03-14-2015, 12:29 PM

No matter how much better things are getting, Obama haters will still hate Obama, even if they don't understand why.

RummyBoy · 03-14-2015, 09:59 PM

Basically, in GFY you guys need to look at:

(1) Who believes the figures.

(2) Who doesn't believe figures.

Then compare the two sets of people in each category. One set is likely to be more intelligent, more well informed, higher net worth and overall higher class than the other set.

Simply put, there is a reason why we still have zero % (crisis level) interest rates over six years since the crisis. That reason is that the financial crisis is not over, it has just been patched over with QE and is bobbing along nicely. However, there is not enough global growth so you have countries trying to steal each others growth through competitive devaluations. In this environment, the US is still probably in the best position in terms of the western economies but it's not a "great" economy right now.

Rochard · 03-14-2015, 10:49 PM

Quote:

Originally Posted by crockett

That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.

You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.

When I bought my house I qualified for a much larger loan. I bought a five bedroom house for the three of us, and that was plenty. It was one of five model homes here. I surely wasn't living paycheck to paycheck; I was tucking away money into savings every month - and not small amounts either. When I was unemployed and the recession hit, I was fucked. My saving grace was the money we had put into savings.

On the other hand, I did have friends here in town who continued to re-fiance their house through the boom. Every time their house went up in value, they took more money out. they didn't make much money, maybe $75k combined. Yet he had a really nice brand new truck, a boat, a motorcycle, a jeep, jet skis, and ATVs. When the recession his he lost his job. They tried to sell everything, but during the recession no one was interested in paying a decent price for someone's used toys. They eventually lost their house.

Rochard · 03-14-2015, 10:52 PM

Quote:

Originally Posted by RummyBoy

Basically, in GFY you guys need to look at:

(1) Who believes the figures.

(2) Who doesn't believe figures.

Then compare the two sets of people in each category. One set is likely to be more intelligent, more well informed, higher net worth and overall higher class than the other set.

Simply put, there is a reason why we still have zero % (crisis level) interest rates over six years since the crisis. That reason is that the financial crisis is not over, it has just been patched over with QE and is bobbing along nicely. However, there is not enough global growth so you have countries trying to steal each others growth through competitive devaluations. In this environment, the US is still probably in the best position in terms of the western economies but it's not a "great" economy right now.

I do not believe the crisis is over.

I've said this before - This is not a four or eight year problem. It's a ten to fifteen year problem. I am forty-six years old and I've never seen us brought to our knees like this. Everything just stopped.

Is it a "great economy"? For right now - yes, it is. Maybe not compared that what we considered a great economy ten years ago, but for right now it is the best we can do.

03-07-2015, 06:04 AM	#55
arock10 Confirmed User Join Date: Jan 2006 Posts: 6,218	Unemployment % dropping is great but wages have been flat for years while companies rake in the profits... With these low interest rates it sure is a great time to run a biz and sure shitty time for a lot of others __________________ Sup

03-12-2015, 11:24 AM	#66
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,035	How does someone "drop out of the workforce" and just give up totally looking for a job? If all of these new jobs are supposedly being added, wouldn't their chances of getting a job increase? Is there some rule that says you'll never work again if you can't find a job in x amount of time, so don't bother looking anymore? That seems like some made up bullshit to perpetuate the doom and gloom. I agree with Crockett, it sounds more like a problem of the people who give up -- if that actually is what's happening. __________________

03-14-2015, 12:29 PM	#85
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,537	No matter how much better things are getting, Obama haters will still hate Obama, even if they don't understand why. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

03-07-2015, 05:06 AM	#53
Buff GFY Assassin Industry Role: Join Date: May 2003 Posts: 2,993	Credit where it's due. Rochard's right about how strong the US economy is: the economy is so robust that 92,898,000 of the 249,899,000 Americans in the potential labor force (16 or older who were not in the military or an institution) are so well off that they don't have to work anymore! This is an unprecedented amount and this incredible level of economic health has not been seen since women first entered the labor force en masse in the 70s! Source: 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months \| CNS News

03-07-2015, 08:31 AM	#59
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	In 2014 auto manufactures sold 1 million more cars than they did in 2013.. Every car manufacturer sold more cars in 2014 than they did in 2013 with the exception of Ford, because they redesigned their full size truck and it didn't do so good. That means despite Ford doing wore ans being the number one in sales the entire industry still out sold the previous year with Chrysler having a 16% increase. They are projecting 2015 will top 2006's sales which was the sales level prior to the crash.. Sorry Debbie Nay Sayers but the economy is doing just great no matter how much you don't want it to be, we know it's bad for your team and you hate Obama.. We know, we know.. Hell even in the Republican strong hold of Houston Texas one of the hardest hit in foreclosures at the start of the crash, just broke the all time record of homes sold. Looks like Texans think the economy is doing just fine and they are gobbling up the McMainsions once again..

03-07-2015, 11:49 PM	#61
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Another question to ask is whether 300k jobs makes any difference to the almost 48 million who are on food stamps: Why are 47 million Americans on food stamps? It’s the recession ? mostly. - The Washington Post

03-12-2015, 09:02 AM	#62
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Altman: 5.5% jobless not telling true labor story - Yahoo Finance Real figure closer to 11%

03-14-2015, 09:59 PM	#86
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Basically, in GFY you guys need to look at: (1) Who believes the figures. (2) Who doesn't believe figures. Then compare the two sets of people in each category. One set is likely to be more intelligent, more well informed, higher net worth and overall higher class than the other set. Simply put, there is a reason why we still have zero % (crisis level) interest rates over six years since the crisis. That reason is that the financial crisis is not over, it has just been patched over with QE and is bobbing along nicely. However, there is not enough global growth so you have countries trying to steal each others growth through competitive devaluations. In this environment, the US is still probably in the best position in terms of the western economies but it's not a "great" economy right now.