Posted on 05/04/2019 9:04:07 PM PDT by where's_the_Outrage?
Why are the people that quit looking for work keep increasing?
I believed that Obama falsified this numbers to get he employment rates lower. Now I fully expected Trump to use the same measures om calculating the percentages, however why with a booming economy are these numbers increasing?
From 2016: US unemployed have quit looking for jobs at a ‘frightening’ level: Survey: https://www.cnbc.com/2016/06/08/us-unemployed-have-quit-looking-for-jobs-at-a-frightening-level-survey.html
"“not in the labor force” swelled by 664,000 to a record 94.7 million Americans, according to Labor Department data."
The current numbers: 95,208 (Feb 2019) 95,577 (Mar 2019) 96,223 (Apr 2019)
Good post, I think that nails it.
Since Republicans, globalists and the Cheap Labor Express went out of their way to shut down 55,000 US factories since the 1990’s they have lost all credibly with me in this debate.
There is an incorrect assumption that those “not in labor force” include only people who have give up hope of finding a job. But the number includes a major component that is growing all the time: RETIREES.
Since 1990 we have brought in 35 million legal permanent immigrants along with millions of others on temporary work visas. Add to that the millions of illegal aliens. We keep increasing the supply of workers. In terms of jobs, we have to run to stand still.
In exchange for their votes.
“The baby boomers retiring has a lot to do with it”
Yep, and those of us that were diligent about putting money away started retirement early. Had my wife been fortunate enough to have been able to have children maybe that wouldn’t have been the case. I would have traded early retirement for kids/ grandkids any day.
Yup, 10,000 per day for 2 years is 365 x 2 x 10,000 = 7,300,000
The hired hands in gov are still mostly activist dems so they’re probably including the illegals in this count just to make the president look bad.
Because the Baby Boom generation is all retiring.
Are you applying for openings in the “booming” Tech field? The job situation for tech openings has not improved.
If you can change your last name to Patel or make your resume look as if you’re a cheap to employ early 20s applicant... you might get some attention.
Even with Cissna at USCIS enforcing the law for guest worker visas, job openings in the IT field have not improved in this “hot” job market.
My phone has been ringing from 8 AM to 6 PM for the past two months with urgent requirements from hell. Half of the calls are from Indians where I cannot understand what they’re saying. The remaining calls are from US-based staffing firms, all chasing down the same “cattle call” opening each week.
There’s one opening here that’s been available for at least 6 months. Recruiters tell me they can find candidate for the opening. The problem is the candidate want remote work & the employer wants a cultural fit in the office everyday. So... nobody gets hired.
There are actually a lot of Systems Engineering openings in the Detroit area but I have been very selective on what I apply. Have been contacted several times but they have not met my price.
Best time to look for a job is when you don’t need one.
Glad you got the StLouis Fed graph.
2000 (when you see the labor participation rate start to go down) minus 65 equals 935; which is about a decade before the birth of the first cohort of “baby boomers”. By 2010, the beginning of retirements of baby boomers is in full swing.
But 2000-2001 - which is when the labor participation rate starts to decline after a more than three decade rise, represents more than just the cusp of the baby boomers retirements.
2000-2001 included a recession that actually started before GWBush took office. It also represents the period of dot.com and tech stock market busts.
But in spite of the over valued tech stocks, the basis of their rise - what technology could do - was not lost on ANY industry. The 2000s represented the start of the “gig” economy as well as very rapid advancement of “labor” saving and even job destroying uses of technology. It is the period that is part of a phase we are still in - jobs that disappear never to be seen again. It began earlier actually but the 2000s is when it really started to get traction. The current tech industrial revolution making its first big waves.
Baby boomer retirements have another decade to go, and the disappearance of jobs is still going on.
Part of the problem with the labor participation rate is we have too many folks who were never prepared for the loss of the only job they had ever known, many for as much as 20 or 30 years. And even though not ready yet for social security, they are not finding great alternatives to what had sustained them for years.
I can’t say what exactly many of such folks are doing today. I can only say I see them all over our society - broken families, working moms with non-working husbands, homeless, rising use of “disability” in all its forms, cash economy. living with friends and even back living with elderly parents, and increased rates of addiction. The by far largest demographic cohort of folks with some kind of addiction problem are not the youth, but folks from 26 to 65, and alcoholism is the largest of them. Among them men outnumber women almost 2 to 1. For whatever reason such folks have gotten to that status, many of them, and particularly the men (who have seen more occupations of theirs gone forever compared to women) are part of those no longer in the count of what makes up the labor participation rate.
I am not excusing anyone for anything. I am just making some observations.
“I believed that Obama falsified this numbers to get he employment rates lower.” Disability Fraud for one. A lot of long-term unemployed duing the W-Obama Depression claimed disability and the Obama Administration obviously had a policy to accept the vast majority of those claims do that these people wouldn’t be counted as part of the workforce — they just drop from the roles and the percentages look better by a point or 2.
You’ll probably get what your asking. I’m seeing a lot of job churning out there. Our problem is that we get applicants that objectively seem to be qualified only to find out that they aren’t.
“Half of the calls are from Indians where I cannot understand what they’re saying.”
Yea I have been contacted by the same, company called IDT. I have been telling them to remove my name from their contacts, but then another from the same company contacts me usually with some out of state job.
Obama actually reported the 40 million people he put out of work. He also reported that 20 million of them went on welfare and 11 million went on social security disability. The rest apparently retired like me.
I'm a boomer, retired on Friday. I'm 59. I did not live large, now I can up it a bit.
There are a lot of iOS openings here in the Boston area. I stopped counting when I got to what I felt were 30 real job openings. More get added every few days. Too many of the job openings around here are what @hoapres on the old Dice job board used to call “non-jobs.”
I make one request up front:
“There will need to be some remote work.”
That simple request easily eliminates most of the POS millennial-run, Downtown, open-plan office, collaborative Romper Room, unlimited vacation work environments.
For the remainder that survive that request, meny end with nothing more than: “Thanks, but no thanks. Let me know when you have a better story to tell.”
There’s a lot of nonsense out there. The intransigence tells you we’re not in a hot job market.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.