You’ll have to get Kabar to help you with this.
Cause the Democrats tell lies so much to try and make sense out of them is a waste of precious time.
I used to do payroll and do you know where they get the vast amount of their “on the payroll” and “off the payroll” from?
They get their data mostly from ADP, the great big outsource payroll processor.
Now I’ve used ADP plenty of times and yes, you mark an employee terminated when they leave and you add employees when they...eh, are hired.
The net of all this is the number net new jobs that is part of the jobs statistics and I really wonder how close it is.
But ADP is the country’s largest payroll processor and I’ll allow that the net job gain/loss in a given month is an indicator of how the jobs are going. As a sample size of the country it’s probably close to accurate.
I’ll never understand where they get this “dropped out of the job force number” from, though I know a whole lot of people that would meet that criteria.
Many of the constructions guys are working under the table. A lot of folks have applied for SS disability rather than to continue fighting younger and healthier for the few jobs available. This is just my anecdotal experience bear in mind. My nieces boyfriend, for example, has some kind of major pain problem and has had it for many years. I’m not clear on it but it’s a health issue he’s been battling for many years. When he lost his job he threw down the gauntlet and applied for SS, which he asserts he could have received many moons ago.
I know a few people who’ve fallen into this category...loss of a job impels them to finally apply for SS disability that they might have eschewed during an earlier time when jobs were plentiful.
These types would certainly qualify as folks who dropped out of the job market but I’ve no idea how they measure that number.
I believe it though.
People collecting UI have to claim that they are actively ‘looking for work.’ When the benefit checks end, voila’ -— they are no longer ‘looking for work.’
Huge numbers of people have gotten to the end of their benefit period as each month of this “recovery” pass.
Many of the constructions guys are working under the table.
One answer if Obama would win is Starve the Beast 2.0, and these folks dependent on government money are going to either face inflation from printing money, or receiving bad checks or no checks at all. No one is going to be spending except on necessities, hence the smaller economy isn’t going to support Obama’s spending.
But after this morning, I realize just like March after the Stimulus bill was passed, it’s going to get much worse. And what I mean by that is just look how bad this year has turned out, every economic report seems to have unexpected results.
I even semi expected 3rd quarter would return to some resemblance of near normalcy, and the bad news like the lower labor force participation rates continues. But admittedly, I knew if the economy didn’t show improvement by 2nd quarter, the Democrats couldn’t show their policies were making any improvement. That’s why there’s no confidence when they speak about it.