Buh bye Barack

[zappasguitar]

368k people left the labor force... The labor participation rate is at it's lowest since 1981. That is not good Zappa.

There are two things that make the unemployment rate drop... people getting jobs and people giving up looking for work. So what was the greater factor this month? The 100k new jobs or the 368k giving up?

Let's talk about WHY the participation rate is dropping...


Paul Ashworth, chief U.S. economist at Capital Economics, says labor force participation is on a long-term slide.

"You've got the aging of the baby boom generation," Ashworth notes. "That has been greatly compounded by the effects of the recession and the slow recovery. People are just losing patience" and dropping out of the labor force.

In two or three years, though, Ashworth expects a stronger economy will encourage more Americans to seek work and will push the participation rate up. But the higher participation rates won't last once baby boomer retirements pick up, causing more people to leave the work force, he predicts.


Why no mention of those particulars from anyone Right of center?

Also, I saw no mention of 368,000 people leaving the labor force in the article the OP quoted...where did you get that number from?

 

[cawacko]

Let's talk about WHY the participation rate is dropping...


Paul Ashworth, chief U.S. economist at Capital Economics, says labor force participation is on a long-term slide.

"You've got the aging of the baby boom generation," Ashworth notes. "That has been greatly compounded by the effects of the recession and the slow recovery. People are just losing patience" and dropping out of the labor force.

In two or three years, though, Ashworth expects a stronger economy will encourage more Americans to seek work and will push the participation rate up. But the higher participation rates won't last once baby boomer retirements pick up, causing more people to leave the work force, he predicts.


Why no mention of those particulars from anyone Right of center?

Also, I saw no mention of 368,000 people leaving the labor force in the article the OP quoted...where did you get that number from?

""The decline in the jobless rate, from 8.3 percent in July, came primarily because the labor force participation rate fell to 63.5 percent, its worst level in more than 30 years — since September 1981. The civilian labor force contracted by 368,000.""



http://www.cnbc.com/id/48938568

 

[zappasguitar]

""The decline in the jobless rate, from 8.3 percent in July, came primarily because the labor force participation rate fell to 63.5 percent, its worst level in more than 30 years — since September 1981. The civilian labor force contracted by 368,000.""



http://www.cnbc.com/id/48938568

Again, how is the number 368,000 calculated?

All I see is a number that people seem to be pulling out of thin air.

 

[Bonestorm]

Again, how is the number 368,000 calculated?

All I see is a number that people seem to be pulling out of thin air.

It's from the BLS report. It's the right number.

 

[blackascoal]

Not voting for Obama is about the same as voting for robmoney.

In adult decisions there is never a perfect choice there is always the best choice possible which will lead to the closest path to your chosen outcome.

Not voting for Obama or Romney is called voting your conscience.

Voting for either one is not the closet path to my chosen outcome.

 

[Cancel 2018. 3]

Not voting for Obama or Romney is called voting your conscience.

Voting for either one is not the closet path to my chosen outcome.

i agree with you. however, i am not convinced yet to 'throw away' my vote on a TP candidate. STY and Capt' have tried to convince me, come close, but i just don't see it.

i know...the wesser of two weevils.....

 

[Cancel 2018. 3]

I'd like to hear more about that Damo. Can you quote some passages or provides some examples that show how Obama's speech almost exactly mirrored Carter's?

you didn't see it? it freaked me out. it was only like for a second or two, but man, when it happened....i ___ brix...taken from my Yphone2000, check it out:

 

[Damocles]

I'd like to hear more about that Damo. Can you quote some passages or provides some examples that show how Obama's speech almost exactly mirrored Carter's?

I'll have to do it later, but you can start with the "two futures" theme.

 

[Damocles]

What? to finally post?

LadyT!

 

[Damocles]

Again, how is the number 368,000 calculated?

All I see is a number that people seem to be pulling out of thin air.

The government suddenly can't be trusted?

 

[Airstrip One]

i agree with you. however, i am not convinced yet to 'throw away' my vote on a TP candidate. STY and Capt' have tried to convince me, come close, but i just don't see it.

i know...the wesser of two weevils.....

You do realize that both our states are going for Obama, right?

 

[blackascoal]

i agree with you. however, i am not convinced yet to 'throw away' my vote on a TP candidate. STY and Capt' have tried to convince me, come close, but i just don't see it.

i know...the wesser of two weevils.....

:0) If you vote your conscience, you'll never throw away your vote.

 

[Phantasmal]

:0) If you vote your conscience, you'll never throw away your vote.

I agree!

 

[Cancel 2018. 3]

You do realize that both our states are going for Obama, right?

most likely and yes 99% likely. i get you point. romney is essentially a throw away vote in our states. didn't think of it like that.

thanks.

 

[Althea]

bac, this is a purely antedotal story that will have no bearing on the election but it makes me wonder how many other people feel like this. In my family we don't talk politics much. I happen to be speaking to my mother yesterday. She asked if I was going to be watching the convention (or actually Obama's speech). I said I was. My mom voted for Obama in '08. She then proceeded to tell me that while she hates the Republican Party's social platform and thinks some Republicans are crazy that the economy is just too bad that she doesn't think Obama deserves four more years and she's going to vote for Romney.

Now my mom lives in California so it's not like her vote matters, Obama is going to win our state. I post this only in the sense I wonder how many, if any other, women are out there that feel like her because that is where the election will be won (or lost).

I'm curious as to just how much attention your mom pays to the issues?

Does she think that Obama has been sitting back, and doing nothing re. job creation?

Does she understand what obstructionism is?

Is she aware that Reagan, Bush, Bush 2.0 all added public sector jobs, when they faced much less dire economic issues?


Or does she just listen to super pac ads?

 

[Bonestorm]

I'll have to do it later, but you can start with the "two futures" theme.

Is now a good time? Because citing a "two futures" theme, which is pretty standard fare for politicians running for office in a dual party system, isn't very compelling to me. If that's all you got then one could say that Reagan's 1984 speech was an exact mirror image of Carter's 1980 speech. Now that I think of it, the Obama speech really was a whole lot like the Reagan 1984 speech.