Awful jobs numbers come out

[Deleted member 21794]

1% point difference if all the discouraged came back.

https://www.businessinsider.com/unemployment-rate-if-discouraged-workers-came-back-2014-1

If......LOLOLOLOL

 

[middleview]

They used an "adjusted" Labor Force Participation Rate (backing out baby boomers who were allegedly "retiring") - that makes it an estimate of an estimate (and fake). Or, what we more commonly refer to as, bullshit!

So is the LFPR much better now?

 

[Bugsy McGurk]

It is a long-term historical trend for each recession to be deeper and each recovery to be shallower than the last. The highest economic growth rates were set by socialist countries.

It is now a trend....GOP presidents leave behind awful recessions, Dem presidents come in and clean up the mess, and Republicans say “Hey...what’s with the slow recovery?”

;-)

 

[Raoul_Luke]

So is the LFPR much better now?

Certainly the 25 to 54 year old rate is:



And the overall LFPR is no longer declining, which means Trump's improvement in "unemployment," unlike Barack Obama's, isn't in any part people leaving the labor force. Facts matter (to quote, well, you).

 

[Raoul_Luke]

Yep...statistics you don't like are bullshit. When did the LFPR begin to decline? Was it when Obama was president?

No, it was a Bushbama phenomenon. If you want to look at actual working age people's rate, you don't need to "adjust" the overall LFPR by some made up factor for alleged baby boomers leaving the work force - you just need to look at the 25 - 54 year old cohort:



Now, who was President when the 25 - 54 year old LFPR began to increase?

 

[Raoul_Luke]

It is a long-term historical trend for each recession to be deeper and each recovery to be shallower than the last. The highest economic growth rates were set by socialist countries.

Where is the "ridiculous" button?

 

[Raoul_Luke]

Even if you added another percentage point to their number( and that would be overly generous) you would still be wrong about most of the UE rate reduction coming from LFPR increases.

You don't have to - just look at the 25 - 54 year old cohort:

 

[Spamature]

You don't have to - just look at the 25 - 54 year old cohort:

View attachment 43507

Yet the over all number has not risen since 2014. What does that say ?

 

[Raoul_Luke]

Yet the over all number has not risen since 2014. What does that say ?

Mostly that young people have struggled to enter the work force (thanks to the left's efforts to "raise" wages by fiat):



The baby boomers actually aren't "retiring:"

baby boomers not retiring

Which is why I called your source that claimed to be "adjusting" the LFPR for "retiring" baby boomers, bullshit - because that, in fact, is what it was.

 

[Spamature]

Mostly that young people have struggled to enter the work force (thanks to the left's efforts to "raise" wages by fiat):

View attachment 43515

The baby boomers actually aren't "retiring:"

baby boomers not retiring

Which is why I called your source that claimed to be "adjusting" the LFPR for "retiring" baby boomers, bullshit - because that, in fact, is what it was.

Now you are showing a stat that has been flat for a decade and blaming it on recent effort raise the minimum wage. Which on the federal level has been in place at the same rate longer than it ever has in history.

The federal minimum wage sets a record -- for not rising