Ba'boon: James!: tenpoundsofcheese: James!: This is month 21 of the "they just stopped looking" excuse from republicans.

We have the lowest labor participation rate since jimmy carter

Study it out.

Cite?

I'm way not getting in a debate with this - but the graphs linked on Drudge are pretty damning: Here.

Gotta ask, does that include the zillions of Baby Boomers that are retiring?

FlashHarry: with baby boomers retiring in droves, i think the "just stopped looking" thing may not carry as much weight as it once did.

just sayin'

True enough, but this is still not great job growth, and not all of the drop in the workforce is explained by retirees.  If we're going to be more honest than the GOP we have to admit that there might be more than one explanation (the one we want) for a given statistic.

neritz: Anyone have an over/under on which month this gets adjusted to 150k?


/jobs revisions: Jan up to 148K; Feb up to 268K.

I read that too.  With that in mind, I'm skeptical of March's numbers.

Dusk-You-n-Me: bdub77: I'm sure it had nothing to do with budget sequestration

I don't think the effects of sequestration have quite made it out into the wild yet as far as UE. The professional and business services sector added jobs while the retail sector lost jobs. This is leading some to attribute this low hiring number to the expiration of the payroll tax cut. The UE effects of the sequester are yet to come.

It's had an effect in defense. Contractors are laying people off or stalling on filling slots, civil service is looking at (delayed) furloughs, air shows are being canceled, and the brass are talking about cutting down training flights. That's all I've seen at my level.

/One of the upcoming lay-offs :(

FlashHarry: with baby boomers retiring in droves, i think the "just stopped looking" thing may not carry as much weight as it once did.

just sayin'

Some of those who just stopped looking have gone into business for themselves as well. Not sure if that is ever taken into consideration.

Still. Horrible numbers.

But it comes with a free Frogurt, which is good.

bdub77: I'm sure it had nothing to do with budget sequestration or federal legislation being held hostage by the House.

With the way the postal service is being treated, shouldn't we refer to it as being held postage?

FlashHarry: with baby boomers retiring in droves, i think the "just stopped looking" thing may not carry as much weight as it once did.

just sayin'

I wish I could retire. Sadly by my 67th birthday, retirement will be, "That thing they back in the 20th century, after you got old."

coeyagi: phenn: FlashHarry: with baby boomers retiring in droves, i think the "just stopped looking" thing may not carry as much weight as it once did.

just sayin'

Some of those who just stopped looking have gone into business for themselves as well. Not sure if that is ever taken into consideration.

Still. Horrible numbers.

Austerity wow! We can get ass-farked like Europe now!

WTF are you talking about?

FlashHarry: with baby boomers retiring in droves, i think the "just stopped looking" thing may not carry as much weight as it once did.

just sayin'

These are baby boomers we are talking about. This is just stage three of their "turn on, tune in, drop out, drop dead" program.

Ba'boon: James!: tenpoundsofcheese: James!: This is month 21 of the "they just stopped looking" excuse from republicans.

We have the lowest labor participation rate since jimmy carter

Study it out.

Cite?

I'm way not getting in a debate with this - but the graphs linked on Drudge are pretty damning: Here.

ZeroHedge? Is Drudge serious? lolwtf

It hurts mostly the young and the poor so it's no big deal.

clydedog: luniz5monody: James!: luniz5monody: I don't really have a dog in this fight politically, but I do have to layoff 8 guys next week and I am really not looking forward to it.

What's your industry?

I own a CNC business that does retail displays.

Our shop is dark next week. We also do retail fixtures and millwork. The industry has been in the basement since 2008, no end in sight.

See, this is the problem. It doesn't matter how many dollars you shove into a rich man's hand, if there's no money for the masses to buy product, there's no economy! Period. Whine about taxes all you want, but we're already seeing the consequences of the massive constipated block of wealth sitting in the 1%'s hands, with the increased violence and other issues. That's the brilliance of what Ford did; he treated the worker as a potential best customer, and knew he'd get better production if he could win them over. I like how Obama is sorta sneaky doing it by going after the tax-dodgers who are on these lists that keep getting "leaked" out, but I'm not sure it'll be enough, and it still doesn't address the unavoidable fact that trickle down is simply not trickling down.

Erebus1954: It hurts mostly the young and the poor so it's no big deal.

Maybe they will learn to Vote Republican.

Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
01/20/2001: 4.2%
01/20/2009: 7.8%
Unemployment Rate Change: 85.71%

Obama
01/20/2009: 7.8%
Currently: 7.6%
Unemployment Rate Change: -2.56%


Comparing unemployment rate fluctuation when their budgets first took place

Bush
01/01/2002: 5.7%
12/31/2009: 9.9%
Unemployment Rate Change: 73.68%

Obama
01/01/2010: 9.9%
Currently: 7.6%
Unemployment Rate Change: -23.23%