Posted on 01/10/2014 12:54:38 PM PST by Jim Robinson
Friday's December jobs report was a major disappointment, showing the economy gained just 74k jobs last month. Economists had expected the economy to gain around 200k jobs. The unemployment rate, however, dropped to 6.7% as 347k frustrated job-seekers gave up and left the labor force. We are in an upside-down world where a drop in the unemployment rate is a bad sign for the economy.
The overall labor force shrunk dramatically last year. In December 2012, 155.4 million workers had a job or were actively looking for one. Last month, though, 154.9 million were in the labor force, a drop of over 500k Americans.
It is important to remember that the population grew last year. The US adult population grew by around 2.5 million people. If the labor force were the same percentage of the adult population as last year, 2 million more adults would have jobs or be actively looking for employment. Their disappearance is a drag on the economy.
(Excerpt) Read more at breitbart.com ...
(....”There is no recovery. Just the fed propping up the markets with counterfeit money trying to prevent total collapse on Obamas Marxist watch. The bill will come due in full when the phony money bubble inevitably bursts.”.....)
Exactly!
...” December Christmas Season retail jobs”.....
I’ll pipe in on this one since I work retail.
In our store we hired ‘much’ fewer this year....but they were let go much earlier than normal this year.
Additionally... regular part-time worker hours are slashed earlier this year to all but nothing... Two in my dept. work just one day a week....and even full-timers are cut to the very least hours.
Never have seen this so drastic so soon in the New Year.
Tariff would be great. Immigration Stoppage too. But the GOP is a do nothing party. Long live the Tea Party
Without tariff we fund Communist China’s technological growth and our own economic death. We are in the Nuclear Age not the 1930s.
Watched a Chinese investor buy a company here...employee said he was making $20 plus an hour wage before the owner sold out to the Chinese...now makes $14....and this with the Union.
Chinese are buying companies and anything else “up for sale” they can get their hands on...and many American companies are supporting their efforts because they’re operating from a ‘Global Market Arena’..not national as American workers are accustomed to for so long.
This doesn’t go down well with the American worker, of course, but it is how companies are and will continue to operate..with a Global Market in view and a part of it.
“...their is an opportunity to bring back jobs that arent highly automated”....
I don’t see that happening as long as they can pay a Chinese worker $4. for a days work and work him ten hour and more shifts.
Apple designs here but assembles in China....same with Many Furniture companies now....even Ethan Allen has gone overseas....though they have a “presence” in the US the manufacturing goes on outside the US and shipped back here.
Right along with the exit of Hoover and the election of FDR. Notice the Federal Reserve and its newly created FOMC caused a nice recession in the late 1930's. The first of many.
the economy really took off at the end of WW2
...”We the People arent doing much yet, but for polling that were sort of mad”....
Not hurting enough....because Obama’s “programs” and Handouts are appeasing them for a time...and will continue to do so in order to “calm” the masses.
The elite just keep on bargaining on an International Scale both In Business and Politics. They aren’t about to wait for the American people to wake up especially when they have the upper hand.
Congress does nothing because they don’t have to, any more than Obama has to abide by the Constitution and isn’t stopped from using Executive Order.
The American people haven’t realized the train has already left the station....and that on a different track then the one they’ve known.
OR...they will start killing
IIRC, price controls were lifted at that time.
The tariff would help. At some point Tariff + Transportation costs > Wage differential. At that point work starts coming back to the U.S.
But you're right, the more automated stuff would come back first. And that's okay too.
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