Lowest Labor Participation Rate Since 1977
- Thread starter i am herdman
- Start date
Labor participation rates have been going down since way before Obama, and are forecast to continue to decline for a while, regardless.
It means that people are not working.
The labor participation rate is an indicator of the active portion of the available labor force. It includes people people who are currently working or actively seeking employment.
The rate typically decreases when people get discourage because they can't find a job.
Hope and change, boys.
The labor participation rate is an indicator of the active portion of the available labor force. It includes people people who are currently working or actively seeking employment.
The rate typically decreases when people get discourage because they can't find a job.
Hope and change, boys.
I guess you two are smarter than me and Forbes magazine. You guys are honestly amazing
http://www.forbes.com/sites/realspi...nt-retirees-are-not-the-labor-exodus-problem/
http://www.forbes.com/sites/realspi...nt-retirees-are-not-the-labor-exodus-problem/
Just smart enough to read more than articles that may or may not support a position.
It's called having an open mind!
http://www.usnews.com/news/the-repo...ow-but-more-workers-are-leaving-the-workforce
It's called having an open mind!
http://www.usnews.com/news/the-repo...ow-but-more-workers-are-leaving-the-workforce
"Baby boomers in a big lump are leaving the labor force. And that explains about half of the drop in the labor force participation rate between 2007 and the end of 2014,"
Amazing how the excuse crowd suddenly finds more reasons to justify a challenging economic environment during a Dem administration. Shouldn't all these boomers leaving the workforce be a boom for those leaving college and coming into the workforce needing a job??
Amazing how the excuse crowd suddenly finds more reasons to justify a challenging economic environment during a Dem administration. Shouldn't all these boomers leaving the workforce be a boom for those leaving college and coming into the workforce needing a job??
Hey, at least Starbucks is hiring. Nothing like getting a degree in liberal arts for $40-50K and then bitching about becoming a waiter or bus boy at the local bar....At least some of the "I care about you" govt types are trying to raise the minimum wage for that busser to $15 hr.
Good news though.....the evil banks are laying off thousands more people. Evil corporations like Cat are laying off thousands more people too. Their machines plunder the earth's beauty and promote urban sprawl anyway. Screw'em. The Fed govt will protect those people by sending them a check anyway.
Good news though.....the evil banks are laying off thousands more people. Evil corporations like Cat are laying off thousands more people too. Their machines plunder the earth's beauty and promote urban sprawl anyway. Screw'em. The Fed govt will protect those people by sending them a check anyway.
What?
Please point to the economic policies introduced and passed by this administration that are effecting our economy? How about policies introduced by the Republicans that are or would provide a positive impact. There aren't any.....Everybody (Dems included) just sits around pointing fingers at each other.
I'm a Republican but my party (as a whole) is embarrassing me......Thankfully, I have an open mind.
Obummercare; increased EPA regulations(too many to list); Dodd-Frank financing laws (may be worse than Obummercare); tax rate increases
It appears once again, the false premise suggesting that the GOVT can "CREATE" jobs in the private sector through legislating. And from a so called Republican no less. Outside of roads, sewer pipes, or fighter jets, GOVTs generally "create" roadblocks that make it more difficult for job creation by private companies. Legislation and Regulations (just like in more stringent gun laws) increase costs, risk, and prevent growth in general throughout the private economy...all in the name of "protecting" the innocent little man.
It appears once again, the false premise suggesting that the GOVT can "CREATE" jobs in the private sector through legislating. And from a so called Republican no less. Outside of roads, sewer pipes, or fighter jets, GOVTs generally "create" roadblocks that make it more difficult for job creation by private companies. Legislation and Regulations (just like in more stringent gun laws) increase costs, risk, and prevent growth in general throughout the private economy...all in the name of "protecting" the innocent little man.
I'm guessing you think the sequester had no negative impact on the economy, but obamacare has.
Obama Care - Necessary but poorly planned and implemented. But we can't just throw it out and start from scratch. Republicans should be working on plans to "Replace" the Affordable Care Act not repeal it.
Dodd-Frank - Again, necessary but over reaches. However, Banks are making record profits and until recently the Market was growing at a record pace. Recent declines have little to nothing to do with oversight.
Tax Rates- Rates are historically low both individually and corporate. Would I like lower rates? You bet but we've got a lot of spending issues to work out first.
Dodd-Frank - Again, necessary but over reaches. However, Banks are making record profits and until recently the Market was growing at a record pace. Recent declines have little to nothing to do with oversight.
Tax Rates- Rates are historically low both individually and corporate. Would I like lower rates? You bet but we've got a lot of spending issues to work out first.
The Federal Reserve has a much bigger influence over the economy than the President does.
Hell, China has a bigger impact on the economy than the President.
So you agree that 2 of the 3 are over reaches but are needed. Were you not originally asserting there were no inhibiting policies? So we need more laws to improve bad laws??? You keep making my point.
Big banks have done well, community smaller banks have struggled under the regulation. Stock market valuation is a completely separate discussion as it relates to this thread. Top line revenues have been struggling for some time.
I just attended a trade association meeting and our keynote speaker was from an organization called ITR Economics https://itreconomics.com
Their forecast for the next few years was quite interesting. They say they have no concerns about any major financial issues on the horizon. The over all growth for 2015 should end up about 2.1% with 2016 rising to 3.2%. 2016 should start with rather slow growth, about like now, with things starting to get better in Q2 and beyond.
Consumer spending is up
Corporate profits are up
housing and nonresidential construction is expanding in most parts of the country
Retail sales are up by 2.5%, not great but good
Vehicle production is up 3.3%, highest in 9 years
hospital construction is up 15%
unemployment is at 5.5%
unemployment/underemployment is at 10.8%
and a figure I had never heard before, Quit rate, is at 11.1%- thesis a rate of people leaving employment voluntarily to seek another position, it has been at .2% over the past 15 years. The speaker was asked if this had anything to do with entitlement mentality and his response was very little, but more that people had their finances in order enough to be comfortable quitting a job without having another to seek better circumstances.
Take that for what you will, but this company has been extremely accurate in the past. They use many different indices to formulate their forecast. The same speaker told our group in 2007 that a severe recession was looming on the horizon that would be worse than we had seen in many years.
Their forecast for the next few years was quite interesting. They say they have no concerns about any major financial issues on the horizon. The over all growth for 2015 should end up about 2.1% with 2016 rising to 3.2%. 2016 should start with rather slow growth, about like now, with things starting to get better in Q2 and beyond.
Consumer spending is up
Corporate profits are up
housing and nonresidential construction is expanding in most parts of the country
Retail sales are up by 2.5%, not great but good
Vehicle production is up 3.3%, highest in 9 years
hospital construction is up 15%
unemployment is at 5.5%
unemployment/underemployment is at 10.8%
and a figure I had never heard before, Quit rate, is at 11.1%- thesis a rate of people leaving employment voluntarily to seek another position, it has been at .2% over the past 15 years. The speaker was asked if this had anything to do with entitlement mentality and his response was very little, but more that people had their finances in order enough to be comfortable quitting a job without having another to seek better circumstances.
Take that for what you will, but this company has been extremely accurate in the past. They use many different indices to formulate their forecast. The same speaker told our group in 2007 that a severe recession was looming on the horizon that would be worse than we had seen in many years.
I have found many of the speakers say what people want to hear.
Just like doing a sales plan for the sales manager. They typically don't want reality.
Just like doing a sales plan for the sales manager. They typically don't want reality.
It was much higher than that immediately following recession. The growth has slowed somewhat, but things aren't in the dumper. Yes, some segments are not doing well, mining and mining equipment which affects companies like CAT and other like them. China is down, Europe is up and down. The information as they reported was somewhat promising, we'll see. I was just giving you guys some information that I got just this week.
I am herdman, I have been attending trade association meetings for the past 30 years, I know how they work. This group is overall, quite a conservative group. Many of them small business owners. They are also a manufacturing group that deals with the likes of GE, Ford, Chrysler, Toyota, Honda, Trane, LG, Whirlpool, Caterpiller, Freightliner and on and on. They are not going to bring some dude in to blow a bunch of smoke up their skirts.
I do as well, this company has a pretty darned good track record. They use lots of inputs to arrive at their forecast. While it was all butterflies and rainbows, it was overall, a pretty decent forecast for the next few years. He did warn to watch out for 2019, indicators are for a small recession to creep into the picture.
I don't disagree with this completely. Interest rate policy has a direct correlation to leverage, liquidity and flow of capital within an economy. But to suggest that economic policy associated with a political (President), government driven agenda has little impact on the economy or sectors within the economy is too myopic and unbelievably naïve IMO. Simply look at commodities and their industries.... along with the regulations and politics tied to them.
As for China and it's effects on us........Yes, they play a big part, but who sets the course for trade agreements and policy with them? Again, where was all the "Not the President's fault" while a Republican is in the White House? Amazing how 7-8 years of the current "leadership" makes supposed intelligent people deny the effects of political agendas and policies on their own economic existence. This is evidently what we get after 7-8 years of a guy claiming....."But it wasn't my fault....I inherited...." Sheep.
Suddenly we are to believe the current President and his leadership wields no influence on the economy?? While at the same time reading and listening to the same excuse makers for failed over reaching policy, clamoring for more pandering and hand outs to the masses from the same political bureaucrats, that always promise to make their lives better through more costly, restrictive, "protective" regulations (that ultimately inhibit free enterprise growth within an economy).
2-3% GDP growth SUCKS when looking at how this economy was once able to grow. As I stated on here a couple years ago........this "growth" wouldn't even be this high had the calculations for GDP growth not been changed TWICE within the last 7 years to in order to bolster numbers.
Just because I don't agree with ACA or Dodd-Frank in full doesn't mean I believe they are key factors working against our economy. I don't.....They're excuses but not significant factors.
Then why do they need improved and how do they "over reach" as you originally claimed? Now we are to believe that an over reaching govt policy has no significant impact on the economy or the industry (within the economy) in which it participates? Seriously. You are a Republican? (no wonder I've found myself moving away from the Republicans... if this is what they have become)
Obviously you don't understand them at all other than to worry what they are intended to provide. You clearly don't have a full grasp on their costs (legally and monetarily) and how those costs place a higher risk on businesses analyzing their return on whether or not to grow and expand their operation.
Then why do they need improved and how do they "over reach" as you originally claimed? Now we are to believe that an over reaching govt policy has no significant impact on the economy or the industry (within the economy) in which it participates? Seriously. You are a Republican? (no wonder I've found myself moving away from the Republicans... if this is what they have become)
Obviously you don't understand them at all other than to worry what they are intended to provide. You clearly don't have a full grasp on their costs (legally and monetarily) and how those costs place a higher risk on businesses analyzing their return on whether or not to grow and expand their operation.
Sorry.....I forgot that everything on the far right is about absolutes. Black or White, nothing in between.
Nothing should ever be tried, implemented, and improved upon.
Doing nothing for decades in the face of growing problems with the uninsured got us ACA. It's far from perfect but it's a start.
Wall Street and the Big Banks brought Dodd-Frank on themselves. Many of the "over-reaches" were needed in 2010 and even the few years after.......Hopefully some of these can be relaxed as we move forward. Hell, there is a bill before Congress now that would be much more damaging to the small investor.
Nothing wrong with striving for perfection but it's unlikely to happen......Neither Reagan nor anyone since was perfect.
Nothing should ever be tried, implemented, and improved upon.
Doing nothing for decades in the face of growing problems with the uninsured got us ACA. It's far from perfect but it's a start.
Wall Street and the Big Banks brought Dodd-Frank on themselves. Many of the "over-reaches" were needed in 2010 and even the few years after.......Hopefully some of these can be relaxed as we move forward. Hell, there is a bill before Congress now that would be much more damaging to the small investor.
Nothing wrong with striving for perfection but it's unlikely to happen......Neither Reagan nor anyone since was perfect.
