i never said the rate was lower!!! i simply pointed out that the jobs were gone NOT the people, unless they all died, or moved out of the country...
Posted on 01/12/2012 4:13:01 PM PST by Para-Ord.45
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren't working, and they aren't looking — according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records.
(Excerpt) Read more at news.investors.com ...
OK that’s it.
Whenever AP or Rooters says “unexpectedly” or “unprecedented” with regards to worsening unemployment or the economy; I’m having a drink.
So either the economy gets better or my liver gives out.
This makes no sense to me. If jobs disappear but folks looking don't, then there is more unemployed.
If folks disappear and jobs are the same, then less unemployed.
What am I missing here?
If the JOB HUNTERS disappeared I would understand (as in not counting those who gave up looking) because the would reduce the labor pool. But reducing available jobs compared to those looking would seem to increase the number of unemployed, no?
I can’t speak for what they meant, then. I would think the only ways to decrease the unemployment rate would be decrease the number of unemployed or increase the number of people in the labor pool.
i never said the rate was lower!!! i simply pointed out that the jobs were gone NOT the people, unless they all died, or moved out of the country...
I retired four years early. Grabbing my SS before Obama's administration raises the (minimum) retirement age and I'm 97 before I'm eligible.
Rush says the same, jobs are gone, to explain the lower unemployment numbers recently, if I understood his comments. It seems that would increase the numbers of unemployed, if the number of people remained the same.
The topic here was vanishing workers and I understood you to say it was jobs, not workers that vanished.
FReegards
Good one.
Good one.
yes... the PEOPLE are still here, unless you are telling me they died or moved out of the country!!! i never said ANYTHING about unemployment and have no idea what Rush said, i was at work all day
but the jobs ARE gone...
I just read your comment to say it wasn't the people who were gone, but the jobs.
Not putting words in your mouth, nor picking at your comment.
Maybe read too much into your post.
Your are right, the JOBS are gone. The folks who used to have them are still here (except some illegals perhaps).
See you next time Chode!
no worries... i was simply pointing out the fallacy of the headline FReegards
Someone needs to calculate how many more need to be chased out of the work force to save Obama’s job, as that’s the only way he’ll ever get the ‘unemployment’ rate low enough to have a chance. Such a calculation would be much more accurate than the “jobs saved’ calculations Obama has touted.
I remember joking with someone that if they can ignore immigration laws AND tax laws, then we should compromise and be allowed to ignore just the tax laws.
The economic shifts or downshifts were evident when black and then white guys started joining the “day labor centers” shelters. It was no longer a center of illegal immigrants but all the guys needing work off the books.
There might be a simple explanation for this - the bulge of baby boomers leaving the workforce for retirement is greater than the number of those entering the workforce who were born 18-22 years ago.
I don’t know if the numbers would bear this out, but that is a possibility.
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