Jobs Report

[Bonestorm]

It was actually pretty good:

Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction.

Of course, the unemployment figure is deceiving as labor force participation fell yet again, but the U-6 unemployment measure dropped a bit as well. Noew we just need, like, a few more years of month like this in a row to catch up:

Read the full jobs report here:

http://www.bls.gov/news.release/empsit.nr0.htm

 

[Teflon Don]

must have been because of all of the good weather

 

[Cancel 2016.2]

More months like this? Over 800k drop in the labor force participation rate. 0.4% drop. Yeah... we don't need more months like this.

Unemployment for teens, blacks, low/unskilled workers is so bad they aren't even bothering to enter the work force (the 800k drop in labor force is thought to largely have come from people not entering, rather than people leaving).

So let's raise the minimum wage... that might help them find jobs. /sarcasm

 

[Cancel 2016.11]

More months like this? Over 800k drop in the labor force participation rate. 0.4% drop. Yeah... we don't need more months like this.

Unemployment for teens, blacks, low/unskilled workers is so bad they aren't even bothering to enter the work force (the 800k drop in labor force is thought to largely have come from people not entering, rather than people leaving).

So let's raise the minimum wage... that might help them find jobs. /sarcasm

It actually might. Low wage workers would earn more, have more disposable income which they do spend, thus creating higher demand, which leads to hiring.

Also, lowering the retirement age would help.

 

[Cancel 2016.2]

It actually might. Low wage workers would earn more, have more disposable income which they do spend, thus creating higher demand, which leads to hiring.

Also, lowering the retirement age would help.

1) The higher minimum wage goes, the more economically viable automation becomes. Been to a grocery store lately? Seen those automated checkouts? Just one example.

2) How would lowering the retirement age help?

 

[Cancel 2016.11]

1) The higher minimum wage goes, the more economically viable automation becomes. Been to a grocery store lately? Seen those automated checkouts? Just one example.

2) How would lowering the retirement age help?

1) No I have someone who shops for me.

2) People who are close to retirement age now and would love to retire but can't afford to yet, would be able to sooner and open up their positions.

 

[Bonestorm]

More months like this? Over 800k drop in the labor force participation rate. 0.4% drop. Yeah... we don't need more months like this.

I was referring to the 288,000 increase in jobs.

Unemployment for teens, blacks, low/unskilled workers is so bad they aren't even bothering to enter the work force (the 800k drop in labor force is thought to largely have come from people not entering, rather than people leaving).

And, yet, the U-4 dropped.

So let's raise the minimum wage... that might help them find jobs. /sarcasm

Maybe not, but it'll help them when they find one.

 

[Cancel 2016.2]

1) No I have someone who shops for me.

2) People who are close to retirement age now and would love to retire but can't afford to yet, would be able to sooner and open up their positions.

If they can't afford to retire yet, how the hell is lowering the retirement age going to help? Are you suggesting we start paying full SS benefits at some age prior to 65/66?

Given the state of SS, that would be a massive mistake. They are already screwing with retirees in the new COLA adjustments. If they cannot afford COLA adjustments now, how are they going to be able to expand SS payments to let people retire early?

A large part of the problem IS that seniors are working longer due to their portfolios imploding in 2007-2009 (not to mention 2000-2002). If you in turn raise minimum wage and cost of living increases as a result, SS is not going to cut it.

 

[Cancel 2016.11]

If they can't afford to retire yet, how the hell is lowering the retirement age going to help? Are you suggesting we start paying full SS benefits at some age prior to 65/66?

Yes. 62

 

[Cancel 2016.2]

I was referring to the 288,000 increase in jobs.

Well on that point we agree.

And, yet, the U-4 dropped.

Yeah... saw that too, which makes no sense. Feel free to explain that.

Maybe not, but it'll help them when they find one.

Not if cost of living increases offset the raise in wages... and for those that don't have jobs, now things just got worse.

 

[Bonestorm]

Yeah... saw that too, which makes no sense. Feel free to explain that.

No idea, really.

Not if cost of living increases offset the raise in wages... and for those that don't have jobs, now things just got worse.

THe assumption that prices would increase substantially is not supported.

 

[Mott the Hoople]

If they can't afford to retire yet, how the hell is lowering the retirement age going to help? Are you suggesting we start paying full SS benefits at some age prior to 65/66?

Given the state of SS, that would be a massive mistake. They are already screwing with retirees in the new COLA adjustments. If they cannot afford COLA adjustments now, how are they going to be able to expand SS payments to let people retire early?

A large part of the problem IS that seniors are working longer due to their portfolios imploding in 2007-2009 (not to mention 2000-2002). If you in turn raise minimum wage and cost of living increases as a result, SS is not going to cut it.

That's an easy fix. Adjust the cap to the payroll tax which hasn't been done in a long time.

 

[Cancel 2016.11]

Oh man all of superfreak's favorites on one topic: Darla, DH and Mott.

He may stroke out today.

 

[Cancel 2016.2]

Yes. 62

1) How do you propose we pay for that?

2) Even with full bene's at 62, the majority are still not going to be able to retire at that age. They simply don't have enough assets saved

 

[Truth Detector]

It actually might. Low wage workers would earn more, have more disposable income which they do spend, thus creating higher demand, which leads to hiring.

Also, lowering the retirement age would help.

Another empty headed gullible economics dunce parroting liberal talking points; color me shocked.

 

[The Dude]

288,000 is a great number
Here's a clue trailer trash conservatives.
10,000 boomers retire daily, the participation rate is going to keep going down.

 

[Truth Detector]

I was referring to the 288,000 increase in jobs.

And, yet, the U-4 dropped.

Maybe not, but it'll help them when they find one.

These jobs reports resemble talking points memos more than they do facts.

So how does the unemployment rate go down, if unemployment claims go up? How do we have employment gains of 288K if 800K have dropped from the workforce and given up?

What we have here is a bunch of smoke and mirrors to prop up this failed Presidency. Much like how inflation does not count the massive increase in gasoline or fuel oil and groceries. Two of the most prolific daily needs commodities that are spiraling out of control. Gas in the State of California is above $4.35 a gallon and has anyone looked at the price of meat?

This kind of propaganda would make the Gestapo or KGB envious. It is amusing to watch the gullible twits who elected this inept arrogant lying buffoon to the Presidency and cheer an economy that continues to wallow in malaise and misery combined with spiraling cost increases on essentials like gas and food.

The only people who are doing well are the Wallstreet bankers gullible leftist dunces love to hate who are laughing all the way to the bank enjoying the stock market windfall they are reaping thanks to the Feds misguided and fiscally irresponsible efforts to print money in order to prop up the failed economic agenda of this dunce of a President.

 

[Cancel 2016.2]

No idea, really.

Me either...

THe assumption that prices would increase substantially is not supported.

as always... the money comes from somewhere... if not from price increases, then where?

 

[Cancel 2016.2]

That's an easy fix. Adjust the cap to the payroll tax which hasn't been done in a long time.

I think adjusting the cap (or creating a donut hole) is indeed needed. I also agree it would be easy and help alleviate the current problems. But adding 4 years of full retirement to everyone's SS is not as easy. That is a massive amount of money that we would have to come up with NOW that otherwise would not have been paid. Would we also remove the automatic adjustment to FRA bene's for those that wait additional years?

Given that many people are now living 20/30 years in retirement as it is, adding another 4 is not wise.

 

[Cancel 2016.2]

288,000 is a great number
Here's a clue trailer trash conservatives.
10,000 boomers retire daily, the participation rate is going to keep going down.

Here's is a clue to GED in reality/MBA pretenders on message boards...

the echo boomer population is LARGER than the baby boomers. They are the ones that are supposed to be entering the work force.