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Yo_Mama

(8,303 posts)

93. That's a very odd theory, remarkably novel. The participation rate is the other half of unemployment

Mon May 23, 2016, 09:04 PM

May 2016

Or, to combine them, the emp/pop employment rate:

This is the "core" 25-54. It is still at recessionary levels:
https://research.stlouisfed.org/fred2/series/LNS12300060

And it's not because we are too rich to have to work:
https://research.stlouisfed.org/fred2/series/MEHOINUSA672N

This is some unique economic theory ya got going. It is normal after recessions end for participation rates to slowly rise as more jobs appear and wages rise. This time, it hasn't happened.

Personal income also sucks, but really it is because we can't find good jobs:
https://research.stlouisfed.org/fred2/series/MEPAINUSA672N

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The U.S. is 'basically at full employment' [View all] n2doc May 2016 OP

What is the labor participation rate? Throd May 2016 #1

The labor participation rate has nothing to do with unemployment rate SFnomad May 2016 #19

No shit. It's more relevant. Throd May 2016 #38

No it isn't n/t SFnomad May 2016 #47

To actual people it is AgerolanAmerican May 2016 #53

Worshiping U3? You mean, the number they've used for generations. Of course, now that Obama is in SFnomad May 2016 #81

And which has been systematically manipulated for generations AgerolanAmerican May 2016 #82

Those tens of millions of people are ... SFnomad May 2016 #83

You're living in la-la land. AgerolanAmerican May 2016 #86

It's clear you think you know more than you do .. SFnomad May 2016 #87

Ah yes, the forgotten poor and unemployed are now a "right wing talking point" AgerolanAmerican May 2016 #94

Nope, this is just numbers and math SFnomad May 2016 #96

And this kids is how you make 5% look like 75% on a graph snooper2 May 2016 #122

A Hillary shill shills for phony feel-good Wall Street U3 statistics brentspeak May 2016 #116

Phony Feel-Good Wall Street U3 statistics? SFnomad May 2016 #117

Maybe you should get out of the house and check out the rush hour traffic going into the city snooper2 May 2016 #121

Ridiculously false Lucky Luciano May 2016 #56

Labor participation rate can be a nearly meaningless number SFnomad May 2016 #78

The 90 million plus thing is obvious horseshit. Lucky Luciano May 2016 #79

No, actually the 90+ million isn't. And if you don't know that, you don't understand what it is. SFnomad May 2016 #80

Dude - you are insulting the wrong guy. Lucky Luciano May 2016 #85

It's also not down 5% ... SFnomad May 2016 #89

U3 is useless.. sendero May 2016 #101

That's a very odd theory, remarkably novel. The participation rate is the other half of unemployment Yo_Mama May 2016 #93

Re: The participation rate is the other half of unemployment SFnomad May 2016 #95

It's not "unique theory" ... it's called math SFnomad May 2016 #114

I can't hire a full staff Blackjackdavey May 2016 #115

Labor Participation Rate was lower than now back when "America was great" hollowdweller May 2016 #124

Someone that actually gets it SFnomad May 2016 #126

I'm glad you pointed that out ... Blanks May 2016 #127

Too bad salaries didn't keep up, huh Doremus May 2016 #130

I'm doing ok... Blanks May 2016 #132

Seems to me worldviews like yours have helped put us -and keep us- in this mess. Doremus May 2016 #136

You're partly right... Blanks May 2016 #137

We don't look down our noses at poor people at DU Doremus May 2016 #138

I never look down my nose at anyone... Blanks May 2016 #139

You never look down at people...except those who 'live beyond their means' (in your limited opinion) Doremus May 2016 #140

They annoy me... Blanks May 2016 #141

It is discussed here: mahatmakanejeeves May 2016 #58

62.8% of adults - the lowest since 1978. forest444 May 2016 #131

Well as long as you are a 1%er I guess it is all good news. jwirr May 2016 #2

What does that have to do with 1%ers? Democat May 2016 #10

High employment? chervilant May 2016 #111

Yeah but you are talking wages not employment. hollowdweller May 2016 #125

Apparently, chervilant May 2016 #135

People are not stupid. They know when their paycheck can't keep up with the liberal_at_heart May 2016 #3

Wage rises arre what you'd expect tocome next after achieving full employment anigbrowl May 2016 #5

From one insider slug to another.....nt wolfie001 May 2016 #4

They have diluted the product bucolic_frolic May 2016 #6

$45,000/yr $125,00/yr full benefits/retirement Blackjackdavey May 2016 #129

Where can I apply? bucolic_frolic May 2016 #133

Tell someone making $9/hr how he's got it so good. hobbit709 May 2016 #7

pays more than no job maxsolomon May 2016 #27

What a load of crap. "the perfect is the enemy of the good" Phlem May 2016 #32

i didn't say it was PERFECT maxsolomon May 2016 #35

I didn't say anything about perfect. Your option just becomes inhumane Phlem May 2016 #39

but I did say something about perfection maxsolomon May 2016 #54

The statistic is a phony one brentspeak May 2016 #118

Would you like some fries with that? bvar22 May 2016 #45

Now there's an app for that Cayenne May 2016 #97

Bumper-stickers are the enemy of rational thought. LanternWaste May 2016 #44

I read that on a Prius yesterday maxsolomon May 2016 #55

Many people will complain no matter what Democat May 2016 #8

Believing one's own propaganda can cause one to look quite foolish. Kip Humphrey May 2016 #9

Being constantly negative also causes one to look foolish Democat May 2016 #12

deluding oneself regarding the facts does not support clear thinking around charting a correct Kip Humphrey May 2016 #15

Look around, there are plenty who are going to help Trump Democat May 2016 #16

unsupported by fact. Kip Humphrey May 2016 #17

which part? maxsolomon May 2016 #28

The decline of the middle class has accelerated under Obama brentspeak May 2016 #119

I've seen several Politicub May 2016 #134

The very prospect gets some of them into a tizzy of naysaying anticipation... Surya Gayatri May 2016 #41

Spiro Agnew is "great" now? nxylas May 2016 #57

Damn, is irony completely dead? I guess one has to slap this on every tongue-in-cheek line: Surya Gayatri May 2016 #72

Oops, sorry nxylas May 2016 #99

No problem. Tongue-in-cheek isn't always obvious in writing. Surya Gayatri May 2016 #100

You were right the first time. merrily May 2016 #104

Why not? War criminal Kissinger is a mentor. merrily May 2016 #103

What?!? chervilant May 2016 #112

Post removed Post removed May 2016 #11

What is your solution? Democat May 2016 #13

And a hell of a lot of jobs are filled by H1B's. LiberalArkie May 2016 #23

Of course, they're shopping at Walmart because they can't afford to shop anywhere else Jack Rabbit May 2016 #37

There is something wrong with this picture Jack Rabbit May 2016 #14

"Clinton News Network" - you sound exactly like Rush Limbaugh! Democat May 2016 #20

I think the sleep has drifted into coma. Squinch May 2016 #52

As is any criticism of the Clintons, apparently nxylas May 2016 #102

This is a site for Democrats, you will be welcomed at a right wing site Democat May 2016 #107

Thank you for proving my point nxylas May 2016 #110

Sad, really, chervilant May 2016 #113

I've seen someone refer to CNN as the M$M on here. Ace Rothstein May 2016 #123

But Hannity keeps saying there's 90 million plus unemployed packman May 2016 #18

Look at the posts on this thread Democat May 2016 #21

Hannity lies to the rubes ... and they don't know the difference n/t SFnomad May 2016 #22

Well, There ARE 90 million+ "not participating" in the workforce 7962 May 2016 #29

Way more than half. Lucky Luciano May 2016 #59

Labor Force Participation melm00se May 2016 #50

Thanks; I shouldve used that chart in my reply. 7962 May 2016 #65

i'm goign to see the glass as half full maxsolomon May 2016 #24

... winter is coming May 2016 #34

i'm sorry that you have friends that are struggling maxsolomon May 2016 #73

That's a false choice. winter is coming May 2016 #74

there will always be people out of work, and a certain percentage of them struggling. maxsolomon May 2016 #90

Despite the bitching by others in this thread... Xolodno May 2016 #25

We hemorrhaged millions of jobs thanks to NAFTA, WTO, and all d_legendary1 May 2016 #26

just because you don't like the quality maxsolomon May 2016 #30

So we've gone from "eat your peas" to "eat your pea" because winter is coming May 2016 #61

again, this official is not speaking to the quality of the jobs maxsolomon May 2016 #71

No, officials carefully do NOT speak about anything that takes away from merrily May 2016 #105

that shiny chrome strip down the side of the car sure looks snazzy, doesn't it? islandmkl May 2016 #108

The same yard stick SpankMe May 2016 #31

This is because the labor participation rate still near 40 year lows.. modestybl May 2016 #33

a positive attitude helps the economy IronLionZion May 2016 #36

There's lots of shitty jobs, so just get 3 or 4 of them and someday you may be able to ... Scuba May 2016 #40

The official unemployment rate is not a good measure of employment health. Not because the President Akicita May 2016 #42

The U.S. is 'basically at full employment' AlbertCat May 2016 #43

not even fucking close. nt restorefreedom May 2016 #46

tons of jobs available in honolulu. mostly PT tho nt msongs May 2016 #48

That's the problem isn't it? apnu May 2016 #63

Message auto-removed Name removed May 2016 #49

This is good news, right? Raine1967 May 2016 #51

If this is full employment then we are in real trouble. nt silvershadow May 2016 #60

The American worker has taken a pay cut. apnu May 2016 #62

Ironic with the extreme homelessness in San Francisco dreamnightwind May 2016 #64

the homeless aren't in the workforce though maxsolomon May 2016 #70

"We're basically at full employment,"... dreamnightwind May 2016 #84

look, its a narrowly defined technical economics term maxsolomon May 2016 #92

I'm quite aware how the term is defined by economists dreamnightwind May 2016 #98

LOL...what ID10T would believe this BS? ileus May 2016 #66

which part is BS? maxsolomon May 2016 #69

Basic income / negative income tax is going to be necessary. joshcryer May 2016 #67

obviously his paychecks still cash dembotoz May 2016 #68

How does that saying go about, BunkieBandit May 2016 #75

complete bullshit Skittles May 2016 #76

Seems to me they look at the wrong numbers. elleng May 2016 #77

Anyone who really believes government statistics is a superstitious ninny. n/t Old Union Guy May 2016 #88

How can it be? Look at 25-54 participation, Yo_Mama May 2016 #91

What great information! Thanks! trudyco May 2016 #120

Yes, a whackload, which means we are not at full employment. Yo_Mama May 2016 #128

Meanwhile, elsewhere on the board as we type: merrily May 2016 #106

old axiom: "Math does not lie...but people do..." islandmkl May 2016 #109