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Let the good times roll again! -- 274,000 new jobs

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  • #46
    Yeah maybe, but the trend I see is toward squeezing the worker as much as possible.

    You have your Captitalist Zealots to thank for that.

    Make fun of the Socialists all you want but they were working for you and balancing the compensation so more of it went to the employee and not the shareholders.
    We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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    • #47
      Payroll figures are absolutely meaningless if you can't place them into context. But you don't want that. Neither you want to use unemployment figures. And neither do you want to place wages compensation and/or wages growth into context it seems, given your silence on that. Quite an ostrich approach to economics.

      Originally posted by Ted Striker
      Yep

      The jobs are there but the compensation is flat, because of the factors mentioned. (McJobs, healthcare, etc).
      Prior to the recession wages growth didn't seem to lag productivity due to McJobs. Neither did the participation rate suffer, or the employment rate.
      DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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      • #48
        Payroll figures are absolutely meaningless if you can't place them into context.
        More people have jobs. That's the context!
        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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        • #49
          Their numbers have declined relative to the number that don't have jobs. THAT'S the context.
          DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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          • #50
            What's that have to do with 274,000 new hires announced last Friday?

            But in any event, we don't know as fact what you propose.
            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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            • #51
              God dammit I should stop bothering with that trolling of yours.
              DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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              • #52
                I cross-edited you.
                I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                • #53
                  Ok Dan. You're right. Before 2001 the inherent unreliability of data caused participation rates to rise. After that it caused them to fall. Makes perfect sense.
                  DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                  • #54
                    What can I say? The census was in 2000 and the pre-2001 participation figures would have subsequently been revised substantially. Who knows what has happened since?
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                    • #55
                      GDP figures are inherently unreliable as well. Economic activity may in fact be 10% higher or lower than it's measured by in the GDP data, but since there's no reason to assume you can have quarter after quarter of increasingly higher previously unmeasured economic activity being measured, we can believe that the American economic in fact is growing at a certain rate.

                      Similarly, there's no reason to assume the drop in the participation rate in fact is indicating month after month of proportionally higher overestimation of the population. The aggregate numbers may be higher or lower, but it doesn't affect the trend. The sustainability of the direction the data is taking, especially when backed up by other data, is what differs a trend from a fluke.
                      DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                      • #56
                        Originally posted by Colonâ„¢
                        Their numbers have declined relative to the number that don't have jobs. THAT'S the context.
                        Originally posted by DanS
                        What's that have to do with 274,000 new hires announced last Friday?
                        Dan, quite being an idiot.

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                        • #57
                          Inflation beat wage growth last year.
                          Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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                          • #58
                            You do realize that the CPI overstates inflation by about one percent per year....
                            Old posters never die.
                            They j.u.s.t..f..a..d..e...a...w...a...y....

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                            • #59
                              Doesn't it normally? The soul exception seems to be when Clinton was in charge.
                              Try http://wordforge.net/index.php for discussion and debate.

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                              • #60
                                Yeah, AS, but they also understate unemployment, so it probably all works out somewhere.
                                Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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