Green Energy
Even Obama's bestest fans forever are giving up on him.
From WaPo:
- No Depression...
CNS News: Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May (CNSNews.com) - A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped...
- More Lies, Damned Lies, And Statistics
In the continuing series of lies and misrepresentations from our gov't, BLS and the media I give you today's unemployment report... CNBC: US added 295,000 jobs in Feb vs. 240,000 est; unemployment rate at 5.5% vs. 5.6% est Job creation boomed...
-
Newsmax: Unemployment Tricks: Jobs Claim Made by 'Shrinking' Workforce Monday, 06 Feb 2012 10:11 PM By Andrew Henry Last week, the White House claimed that unemployment dropped for the fifth consecutive month to 8.3 percent — the lowest it has...
- Unemployment 8.6%, Why Do I Hear No Hoorays (except At Time Mag)?
Time:American Unemployment Falls to 8.6%: Amazing News, But Is It a Game Changer? What’s more, the jobless percentage, which fell to 8.6% in November from 9.0% a month before, was the lowest it’s been in two and a half years. This alone is good news...
-
Unemployment rate down because people quit looking for work. Stupid fucking numbers games The unemployment rate dropped to 9.5 percent for the month of June even as the U.S. government dropped 225,000 Census jobs, the Labor Department reported Friday...
Green Energy
Obama Fan Ezra Klein Says, Almost The Entire Decrease In Unemployment is Because People Have Just Given Up
Don't talk to me about numbers, I'm focused on the long run ...
Even Obama's bestest fans forever are giving up on him.
From WaPo:
For most of his presidency, President Obama has been focused on the economic short run — which makes sense, given that he took office in the midst of the biggest recession since the 1930s. With his big economic speech today, he’s shifting to the long-run, talking about the structural changes he thinks the economy needs to see for the U.S. to prosper going forward.
But anyone who thinks that the short-run battle is over should take a look at a new report by Daniel Alpert over at the Century Foundation. Alpert notes that while the headline unemployment number is well below its recession-era peak, that’s almost 100 percent due to declines in the labor force participation rate — that is, the share of the population that’s either employed or actively looking for work. Don’t believe him? Take a look at this chart [seen above].
The dotted red line is the U-3 unemployment rate, or the number you see everywhere. It can go down for one of two reasons: either more people are working, or fewer people are in the labor force. So which is it?
You see that solid blue line? That’s the employment/population ratio, or the number of employed people divided by the civilian noninstitutional population (aka everyone over 16 who’s not in prison, a mental institution, the military, or a nursing home). It’s barely changed since the nadir of the recession. The share of adults who are working isn’t going up; it’s stagnating. More people aren’t working.
Now, look at the blue dotted line. That’s the labor force participation rate. See how it nearly perfectly tracks the movements of the unemployment rate? That’s a pretty good sign that people leaving the labor force, rather than getting jobs, is what’s driving the latter down.Keep reading…
- No Depression...
CNS News: Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May (CNSNews.com) - A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped...
- More Lies, Damned Lies, And Statistics
In the continuing series of lies and misrepresentations from our gov't, BLS and the media I give you today's unemployment report... CNBC: US added 295,000 jobs in Feb vs. 240,000 est; unemployment rate at 5.5% vs. 5.6% est Job creation boomed...
-
Newsmax: Unemployment Tricks: Jobs Claim Made by 'Shrinking' Workforce Monday, 06 Feb 2012 10:11 PM By Andrew Henry Last week, the White House claimed that unemployment dropped for the fifth consecutive month to 8.3 percent — the lowest it has...
- Unemployment 8.6%, Why Do I Hear No Hoorays (except At Time Mag)?
Time:American Unemployment Falls to 8.6%: Amazing News, But Is It a Game Changer? What’s more, the jobless percentage, which fell to 8.6% in November from 9.0% a month before, was the lowest it’s been in two and a half years. This alone is good news...
-
Unemployment rate down because people quit looking for work. Stupid fucking numbers games The unemployment rate dropped to 9.5 percent for the month of June even as the U.S. government dropped 225,000 Census jobs, the Labor Department reported Friday...