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Employment is still near a 30-year low


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NEW YORK (CNNMoney)
June 6, 2013

Forget the unemployment rate. The employment rate -- the percentage of adult Americans who hold a job -- has barely budged in the past three years.

 

It's hovering near its lowest level in three decades, and it's unlikely to improve when the Labor Department releases its May jobs report on Friday.

 

 

130530153828-chart-labor-force-620xa.png

 

About 58.6% of the civilian population over age 16 had a job as of April, according to the U.S. Bureau of Labor Statistics. This rate -- officially called the "employment-population ratio" -- has been stuck in that range for several years. The last time it was this low was in 1983.

 

Looking at the job market using that measure paints a stark picture. Sure, companies have been hiring, but they've been creating jobs at a pace that merely keeps up with recent population growth. It's not enough to also make up for the jobs lost in the crisis.

That's why the needle simply hasn't moved.

 

Contrast that with the tale told by the unemployment rate, which fell from 10% in October 2009 to 7.5% in April. The unemployment rate only includes jobless people who have searched for work in the last four weeks. It skips over those who left the labor force entirely because they retired, went back to school, or simply gave up on finding a job.

 

"The unemployment rate is really not that helpful right now in understanding trends in job opportunities because we've had so many dropouts," said Heidi Shierholz, an economist at the Economic Policy Institute, a liberal research group.

 

Over time, it's expected to decline as the U.S. population ages. Eventually, a wave of Baby Boomer retirements will leave a smaller proportion of the U.S. population participating in the workforce.

 

But once you strip out the retirement effect to look at the employment rate only for workers ages 25 to 54 -- those who should be in the prime of their careers -- the story of stagnation remains. The employment rate for that population was 75.9% as of April. It, too, has barely changed over the last three years, and matches levels not seen since 1984.

 

Even Federal Reserve Chairman Ben Bernanke, at a press conference in December, nodded to this indicator as a worrying sign of "discouragement about the state of the labor force."

 

Shierholz calls the employment rate the single best measure on the job market right now.

"It's my desert-island indicator," she said. "If I'm an economist on a desert island, and I had one measure to look at, this is the one I'd want."

 

The bad news is that it's unlikely to improve any time soon.

 

The U.S. adult population grows by about 200,000 people each month, and in the last 12 months, the economy has added an average of 173,000 jobs each month.

 

Economists surveyed by CNNMoney are expecting a slight slowdown in hiring. They're estimating that employers added only 158,000 jobs in May.

 

"This reflects an economy that has hit yet another soft patch," said Sal Guatieri, senior economist at BMO Capital Markets.

There are myriad reasons why hiring remains so slow: across-the-board federal budget cuts are in progress, employers are still uncertain about how health care reform measures will affect their businesses in 2014, banks remain on the edge about Wall Street reform, and slower growth in Europe and China is hurting international trade.

 

The underlying story just isn't changing. The U.S. recovery remains slow, and so does hiring.

 

http://money.cnn.com/2013/06/06/news/economy/employment-rate/index.html?iid=HP_LN

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NEW YORK (CNNMoney)
June 6, 2013

Forget the unemployment rate. The employment rate -- the percentage of adult Americans who hold a job -- has barely budged in the past three years.

 

It's hovering near its lowest level in three decades, and it's unlikely to improve when the Labor Department releases its May jobs report on Friday.

 

 

130530153828-chart-labor-force-620xa.png

 

About 58.6% of the civilian population over age 16 had a job as of April, according to the U.S. Bureau of Labor Statistics. This rate -- officially called the "employment-population ratio" -- has been stuck in that range for several years. The last time it was this low was in 1983.

 

Looking at the job market using that measure paints a stark picture. Sure, companies have been hiring, but they've been creating jobs at a pace that merely keeps up with recent population growth. It's not enough to also make up for the jobs lost in the crisis.

That's why the needle simply hasn't moved.

 

Contrast that with the tale told by the unemployment rate, which fell from 10% in October 2009 to 7.5% in April. The unemployment rate only includes jobless people who have searched for work in the last four weeks. It skips over those who left the labor force entirely because they retired, went back to school, or simply gave up on finding a job.

 

"The unemployment rate is really not that helpful right now in understanding trends in job opportunities because we've had so many dropouts," said Heidi Shierholz, an economist at the Economic Policy Institute, a liberal research group.

 

Over time, it's expected to decline as the U.S. population ages. Eventually, a wave of Baby Boomer retirements will leave a smaller proportion of the U.S. population participating in the workforce.

 

But once you strip out the retirement effect to look at the employment rate only for workers ages 25 to 54 -- those who should be in the prime of their careers -- the story of stagnation remains. The employment rate for that population was 75.9% as of April. It, too, has barely changed over the last three years, and matches levels not seen since 1984.

 

Even Federal Reserve Chairman Ben Bernanke, at a press conference in December, nodded to this indicator as a worrying sign of "discouragement about the state of the labor force."

 

Shierholz calls the employment rate the single best measure on the job market right now.

"It's my desert-island indicator," she said. "If I'm an economist on a desert island, and I had one measure to look at, this is the one I'd want."

 

The bad news is that it's unlikely to improve any time soon.

 

The U.S. adult population grows by about 200,000 people each month, and in the last 12 months, the economy has added an average of 173,000 jobs each month.

 

Economists surveyed by CNNMoney are expecting a slight slowdown in hiring. They're estimating that employers added only 158,000 jobs in May.

 

"This reflects an economy that has hit yet another soft patch," said Sal Guatieri, senior economist at BMO Capital Markets.

There are myriad reasons why hiring remains so slow: across-the-board federal budget cuts are in progress, employers are still uncertain about how health care reform measures will affect their businesses in 2014, banks remain on the edge about Wall Street reform, and slower growth in Europe and China is hurting international trade.

 

The underlying story just isn't changing. The U.S. recovery remains slow, and so does hiring.

 

http://money.cnn.com/2013/06/06/news/economy/employment-rate/index.html?iid=HP_LN

 

All done on purpose and all done by design so America can be taken over by the Globalists.

 

Why invade a country when banks can be more dangerous to the liberties of the people than a standing army. Just control the banks. After all.. give me control of a nation's currency and I care not who makes the laws. These are along the line of which Globalists think.

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All done on purpose and all done by design so America can be taken over by the Globalists.

 

Why invade a country when banks can be more dangerous to the liberties of the people than a standing army. Just control the banks. After all.. give me control of a nation's currency and I care not who makes the laws. These are along the line of which Globalists think.

Bingo.......

 

 

All of the numbers coming out of the gubbermint are little more than smoke and mirrors. This country is hurting, but nothing like the price to be paid when the piper comes to collect.

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NEW YORK (CNNMoney)
June 6, 2013

Forget the unemployment rate. The employment rate -- the percentage of adult Americans who hold a job -- has barely budged in the past three years.

 

It's hovering near its lowest level in three decades, and it's unlikely to improve when the Labor Department releases its May jobs report on Friday.

 

 

130530153828-chart-labor-force-620xa.png

 

About 58.6% of the civilian population over age 16 had a job as of April, according to the U.S. Bureau of Labor Statistics. This rate -- officially called the "employment-population ratio" -- has been stuck in that range for several years. The last time it was this low was in 1983.

 

Looking at the job market using that measure paints a stark picture. Sure, companies have been hiring, but they've been creating jobs at a pace that merely keeps up with recent population growth. It's not enough to also make up for the jobs lost in the crisis.

That's why the needle simply hasn't moved.

 

Contrast that with the tale told by the unemployment rate, which fell from 10% in October 2009 to 7.5% in April. The unemployment rate only includes jobless people who have searched for work in the last four weeks. It skips over those who left the labor force entirely because they retired, went back to school, or simply gave up on finding a job.

 

"The unemployment rate is really not that helpful right now in understanding trends in job opportunities because we've had so many dropouts," said Heidi Shierholz, an economist at the Economic Policy Institute, a liberal research group.

 

Over time, it's expected to decline as the U.S. population ages. Eventually, a wave of Baby Boomer retirements will leave a smaller proportion of the U.S. population participating in the workforce.

 

But once you strip out the retirement effect to look at the employment rate only for workers ages 25 to 54 -- those who should be in the prime of their careers -- the story of stagnation remains. The employment rate for that population was 75.9% as of April. It, too, has barely changed over the last three years, and matches levels not seen since 1984.

 

Even Federal Reserve Chairman Ben Bernanke, at a press conference in December, nodded to this indicator as a worrying sign of "discouragement about the state of the labor force."

 

Shierholz calls the employment rate the single best measure on the job market right now.

"It's my desert-island indicator," she said. "If I'm an economist on a desert island, and I had one measure to look at, this is the one I'd want."

 

The bad news is that it's unlikely to improve any time soon.

 

The U.S. adult population grows by about 200,000 people each month, and in the last 12 months, the economy has added an average of 173,000 jobs each month.

 

Economists surveyed by CNNMoney are expecting a slight slowdown in hiring. They're estimating that employers added only 158,000 jobs in May.

 

"This reflects an economy that has hit yet another soft patch," said Sal Guatieri, senior economist at BMO Capital Markets.

There are myriad reasons why hiring remains so slow: across-the-board federal budget cuts are in progress, employers are still uncertain about how health care reform measures will affect their businesses in 2014, banks remain on the edge about Wall Street reform, and slower growth in Europe and China is hurting international trade.

 

The underlying story just isn't changing. The U.S. recovery remains slow, and so does hiring.

 

http://money.cnn.com/2013/06/06/news/economy/employment-rate/index.html?iid=HP_LN

 

I blame the Repubs and their sending jobs out of America . They would sink this country for a buck .

 

George we really screwed us . Thanks Repubs .

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5 yrs later and it's all the fault of Bush. Obama has nothing at all to do with economic policy. Weakest recovery since WW2. Blame Bush. GDP growth stagnant. Blame Bush. Jobs not keeping up with population growth. Blame Bush. Energy prices rising. Blame Bush. Foreign policy non-existent. It's Bush the cowboys fault. Obama grabbing all information about every person in the country. Bush started it with the patriot act. Most incompetent president since Carter. Tough to blame on Bush but someone will.

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The only spin round heah ah from mericanboy.

 

"April jobless rates down in 40 states, up in 3; payroll jobs up in 30 states, down in 18" bls

 

Turning that into a negative, huh? lol! I'm sure the car industry's mad at Obama...

Never a mention about where we'd be with McInsane or Willard at the helm.



5 yrs later and it's all the fault of Bush. Obama has nothing at all to do with economic policy. Weakest recovery since WW2. Blame Bush. GDP growth stagnant. Blame Bush. Jobs not keeping up with population growth. Blame Bush. Energy prices rising. Blame Bush. Foreign policy non-existent. It's Bush the cowboys fault. Obama grabbing all information about every person in the country. Bush started it with the patriot act. Most incompetent president since Carter. Tough to blame on Bush but someone will.

 

take a look at the graph, dimwit. See that cliff? That was Bush. Yeah, we're still blaming the guy that drove the bus into a ditch.

You didn't get that GED, did you?

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The Unamerican still crying about being unemployed.

Maybe Obama should send a drone up his ass and put him out of his misery.

 

...any comments on the OP or are wandering in the woods again, libturd?

 

The only spin round heah ah from mericanboy.

 

"April jobless rates down in 40 states, up in 3; payroll jobs up in 30 states, down in 18" bls

 

Turning that into a negative, huh? lol! I'm sure the car industry's mad at Obama...

Never a mention about where we'd be with McInsane or Willard at the helm.

 

 

take a look at the graph, dimwit. See that cliff? That was Bush. Yeah, we're still blaming the guy that drove the bus into a ditch.

You didn't get that GED, did you?

 

Hey homo!... what policy CAUSED that cliff? Can you tell us?

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Uhhh, yeah forest gump...Bush's policy, since he was president for the 8 yrs during which it developed.

Not only that, but the repubs held congress. Total republican control for many years, the country crashes and burns, and it the fault of the black guy that was president a month later.

 

Laffin !!!

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Uhhh, yeah forest gump...Bush's policy, since he was president for the 8 yrs during which it developed.

Not only that, but the repubs held congress. Total republican control for many years, the country crashes and burns, and it the fault of the black guy that was president a month later.

 

Laffin !!!

Hey numbnut, when did the economy crash, and when did Pelosi become speaker?

I'm sure that was just a coincidence, right?

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Uhhh, yeah forest gump...Bush's policy, since he was president for the 8 yrs during which it developed.

Not only that, but the repubs held congress. Total republican control for many years, the country crashes and burns, and it the fault of the black guy that was president a month later.

 

Laffin !!!

 

...you've just showcased your stupidity, homo! Go do your research and you'll see the mess started under Carter!

 

Stop blaming Pres. Bush for your half breed's incompetence!

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5 yrs later and it's all the fault of Bush. Obama has nothing at all to do with economic policy. Weakest recovery since WW2. Blame Bush. GDP growth stagnant. Blame Bush. Jobs not keeping up with population growth. Blame Bush. Energy prices rising. Blame Bush. Foreign policy non-existent. It's Bush the cowboys fault. Obama grabbing all information about every person in the country. Bush started it with the patriot act. Most incompetent president since Carter. Tough to blame on Bush but someone will.

The feds don't create privet industry job.

Bush let in fact , sent manufacturing jobs out of country that's just the way it was . Like it or not , he even said America is no longer a manufacturing country but a service industry country .

 

Cry whine , kick your heels but it's true .

 

Our problem now is the jobs out there need certain skills we don't teach .

A kid would be better off going to a trade school than college .

As for energy cost ? That's up to hedge fund and speculators not the president , that was greenspans fault for egging the gov. To deregulate that also was under a bush .

As fare grabbing Intel on us ? Who instituted homeland security? That's who's graphing all the information not Obama , he's just letting it go on .

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These cultist zombies are just insane.

 

It's like being mentally 2 years old.

 

Ever gotten to know any liberals? In my experience, they were over-indulged as children, spoiled, pampered, overly-listened to, even when they were talking nonsense.

 

So they grow up with permanently huge and undeserved egos and selfish self-worth.

 

They think just bleating what they believe makes it true.

 

They're usually truly unpleasant, selfish, intolerant people.

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The feds don't create privet industry job.

Bush let in fact , sent manufacturing jobs out of country that's just the way it was . Like it or not , he even said America is no longer a manufacturing country but a service industry country .

 

Cry whine , kick your heels but it's true .

 

Our problem now is the jobs out there need certain skills we don't teach .

A kid would be better off going to a trade school than college .

As for energy cost ? That's up to hedge fund and speculators not the president , that was greenspans fault for egging the gov. To deregulate that also was under a bush .

As fare grabbing Intel on us ? Who instituted homeland security? That's who's graphing all the information not Obama , he's just letting it go on .

 

:lol: ...excuses!!! LMFAO!

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...you've just showcased your stupidity, homo! Go do your research and you'll see the mess started under Carter!

 

Stop blaming Pres. Bush for your half breed's incompetence!

 

 

wHERE DO YOU DO YOUR HOMEWORK? The Justin Bieber institute? You're f'ken nutz.

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