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Topic: Jobs Numbers: Bogus, We have been saying this all along< Next Oldest | Next Newest >
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PostIcon Posted on: Oct. 15 2015,9:08 am  Skip to the next post in this topic. Ignore posts   QUOTE

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Depending on the moment the Federal Reserve Chair can be the most powerful person in the world. That title usually rests with the President of the United States, but on occasion it can shift to the Fed chair. Most people don’t know this. And right now it sounds like there is a bit of a leadership struggle at the Federal Reserve. There is open dissension in the ranks of the Federal Open Market Committee (FOMC). It is unusual to see this kind of conflict at the Fed played out publicly. What is going on?


Primarily the concern it seems is that though the employment rate keeps going down we are seeing little pressure on prices upward. According to standard (these days) economics full employment, and we are at 5% unemployment officially, should pressure price inflation. But it has not. Why?

Some believe, including your editor, that one of the main reasons this is the case is because the jobs number is basically bogus. It’s a political number. The reason the unemployment rate keeps going down is because people keep falling off the unemployment rolls. If one can no longer obtain unemployment payments because one has exhausted one’s allotment of payments one is no longer counted in the data. There are also many people who are employed but are being paid at lower rates than they were prior to the 2008 Crash.


Article


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Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.

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PostIcon Posted on: Oct. 15 2015,9:40 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

How long have we known the baby boomers were going to effect the labor participation rate when they started hitting social security age?

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PostIcon Posted on: Oct. 15 2015,10:06 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Most retirement-age Boomers I know are still working. Not many people can afford to retire at 65, because the economy is crap.

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PostIcon Posted on: Oct. 15 2015,12:51 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

:(

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:D Remember boys and girls,

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PostIcon Posted on: Oct. 15 2015,12:58 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^Oh, I know. The post was more for the Hope and Change bumper sticker crowd.  :D

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PostIcon Posted on: Oct. 15 2015,2:30 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^ I'd love to gloat a bit in this but, it's just too sad :(

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PostIcon Posted on: Oct. 15 2015,5:39 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

What about our own city. 35 and 90 but where are the jobs? I'm thinking we should have more business because of 90 going to the east. 35 going north and south.

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PostIcon Posted on: Oct. 16 2015,4:21 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(mrugly @ Oct. 15 2015,5:39 pm)
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What about our own city. 35 and 90 but where are the jobs? I'm thinking we should have more business because of 90 going to the east. 35 going north and south.

I've questioned this for years, AL has superior logistics, freeways, railroads yet it seems stuck. Large companies like GM have considered AL over the years. Smaller ones like Mills and Aldi too yet it gets passed over like a retarded step child.

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PostIcon Posted on: Oct. 16 2015,6:31 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(mrugly @ Oct. 15 2015,5:39 pm)
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What about our own city. 35 and 90 but where are the jobs? I'm thinking we should have more business because of 90 going to the east. 35 going north and south.

It’s not so much Albert lea’s problem but a sign of the times in our Nation.
Our country's success was built on the productivity of our labor and the performance
of our schools as much as the number of missiles in our arsenal.

Trade Agreements should create jobs not offshore them for cheap labor and corporate
profit, there’s no way the American worker can compete with a fifty nine cent per hour labor rate!

It’s far past time we the American People stand in solidarity like our forefathers who fought the corporate fascists to unionize,
if they hadn’t found solidarity we’d be no more than the slave laborers of India, China or Vietnam!

I’m not against the Capitalist system, but it has to work for everyone or it will work for no one.
I’m not against trade, trade means jobs, fair and equitable trade creates jobs it doesn’t offshore them.
Jobs should mean a higher standard of living, a healthier economy and lowered deficit, the America of my youth before the Republicans took US down the path to destruction!

We need Bernie Sanders in the Presidency and as many like minded liberals in Congress as we can get!


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History is no more than the lies agreed upon by the victors.
             
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PostIcon Posted on: Oct. 16 2015,9:24 am Skip to the previous post in this topic.  Ignore posts   QUOTE

^^ Half-way through that tripe I had to stop and find a version of the "Battle Hymm of the Republic" to play as I read the rest of that tripe. Union's are a big contributor to our present day problems, pricing our labor out of the market, making our gov costs sky high etc.

If anyone will save our economy it'll be the independents.


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