What happened to all of the doom and gloom economic threads?

[RobDownSouth]

Yawn, behind all of the above bullshit, is the stark realization on your part that I just refuted your crap world lie, and now must broach a new subject having the last one shoved up your butt and broken off.

You did no such thing, but I recognize your pathetic need to declare "victory" (just like marines declared "victory" in Vietnam)

 

[landslider2000]

U-6 for July 14 percent real unemployment.

Anybody who criticizes Marines in RVN wasn't there.

 

[mercury14]

U-6 for July 14 percent real unemployment.

June U-6: 14.3%
July U-6: 14.0%

 

[mercury14]

4 Reasons Why Millions Of Americans Are Leaving The Workforce

by Lisa Chow
August 02, 2013 3:17 AM

The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades).

Here are four reasons why so many people are leaving the labor force.

1. They're retiring.

The baby boomers are hitting retirement age. Even if the job market were in good shape, that alone would be enough to drive up the share of adults who aren't looking for work.

2. They're going to college.

College enrollment is up — and many students are having a hard time finding part-time work. A 20-year-old student named Jeannett Llave told me the last job she applied for was working at the American Girl doll store in New York. "I thought I was perfectly fine and capable of taking care of little girls and, like, just giving them a doll," she told me.

She didn't get the job — and she decided to give up looking and focus on her anatomy class. Because it's been more than a month since Llave looked for a job, she's not counted as part of the labor force.

3. They're staying home with the kids.

In the 1970s and '80s, the labor force participation rate rose sharply, as it became more common for mothers to work. Some of the recent decline has come as parents in dual-income households decide that the cost of day care outweighs the benefits of work.

I talked to one stay-at-home dad who worked in a newsprint factory in Columbia, Mo., making $9 an hour. Now, his wife works as a doctor and he stays home with his 7-year-old daughter.

4. They just can't find work.

"I think at last count I had sent out like 185 resumes or responded to 185 actual openings," Terri Meier, who used to work in human resources at Sony, told me. "And of that, I've gotten two opportunities where I actually went to a live interview."

Meier has been out of work for three years, and she's what the Labor Department calls "marginally attached" to the labor force. Because she hasn't actively looked for a job in the last four weeks, she's not counted among the unemployed.

But she wants to work, and she's looked for a job in the past year. Some 2.5 million Americans fit this description.

http://www.npr.org/news/graphics/2013/04/pm-gr-participation-rate-624.gif
http://www.npr.org/blogs/money/2013...NPR&utm_medium=facebook&utm_campaign=20130802

 

[Busybody]

http://weaselzippers.us/wp-content/uploads/2103-Full-Part-time_0-548x367.jpgObamanomics: Of The 953,000 Jobs Created In 2013, 77% Are Part-Time…




No doubt linked to the Obamacare mandate forcing employers to offer health care to its full-time workers.

Via Zero Hedge:


When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America’s conversation to a part-time worker society is not “tapering”: according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were… not. [...]

But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs “created” so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.

 

[Busybody]

US Factory Orders Miss (Again); Biggest 4-Month Drop In A Year


For the third month in the last four, US Factory Order growth missed expectations. In fact the last four months have seen the biggest plunge in a year. Adding to the disappointment for the 'manufacturing renaissance' hopes (despite proof in the payrolls data that it does not exist) is the fact that New Orders (ex-transports) dropped 0.4% (its worst in 3 months) with non-durable shipments down 0.6%.


The last 4 months have seen the biggest drop in a year as quite clearly -0 despite all the calls for a manufacturing renaissance, it just isn't there (still well below peak levels from 2008)




and the 3rd miss in the last 4...

 

[Busybody]

Where The Jobs Are (Retail) And Aren't (Construction)


One of the overlooked components of today's NFP report is that in July the one industry that posted a clear decline in workers was none other than Construction, the sector which is expected to carry the recovery entirely on its shoulders once Bernanke tapers and ultimately goes away, which saw a decline of 6,000 workers: the largest job loss by industry in the past month. Perhaps there isn't quite as much demand as some would propagandize? But most notably, and disturbingly, is that the industry with the most job gains in July was also the second lowest paying one: retail, which saw an addition of 47,000 jobs: far and away the biggest winner in the past month. The worst paying industry - temp jobs - rose by 8K in July following a revised 16K increase in June. And the reason for the swing in July: the plunge in another low-quality job group: Leisure and Hospitality, which increased by only 23K in July following 57K additions in June.



aka, Bartenders, Chambermaids

 

[IrezumiKiss]

http://24.media.tumblr.com/656489dbff7ccad6dca5a699ef35b5ef/tumblr_mqpxshjvJO1s9dnijo2_r1_250.gif http://24.media.tumblr.com/4adcade68cd319414e141d81b0c4873d/tumblr_mqpxshjvJO1s9dnijo1_r1_250.gif

Your daily wonk: Despite claims to the contrary, Obamacare hasn’t constrained growth in hiring or work hours. It’s actually slowing the growth of health care costs for consumers and creating new incentives for providers to raise the quality of care — both of which help the economy.

Here’s what else it’s doing —> http://whathasobamacaredoneformelately.tumblr.com/

 

[mercury14]

I see that House Republicans voted against the Ryan Plan this week. They took one look at what the cuts would mean in their districts in terms of jobs said no thanks. Turns out that Republicans never wanted the Ryan plan to begin with, it was all a free and safe ideological document that in reality they never actually supported.

The Democratic senate has a bill passed and is ready to go to committee for budget reconciliation - and the House after four months of refusing to allow that to happen just fell in a hole of its own making. The Republican claim we've heard for years about how they had a budget ready to go was a big fat lie.

Republicans can't stomach what their own fucked up ideology demands. And their "leader" Speaker Boehner is basically MIA repeating week after week that it's all Obama's fault. This is what passes for Republican leadership in 2013.

 

[koalabear]

I see that House Republicans voted against the Ryan Plan this week. They took one look at what the cuts would mean in their districts in terms of jobs said no thanks. Turns out that Republicans never wanted the Ryan plan to begin with, it was all a free and safe ideological document that in reality they never actually supported.

The Democratic senate has a bill passed and is ready to go to committee for budget reconciliation - and the House after four months of refusing to allow that to happen just fell in a hole of its own making. The Republican claim we've heard for years about how they had a budget ready to go was a big fat lie.

Republicans can't stomach what their own fucked up ideology demands. And their "leader" Speaker Boehner is basically MIA repeating week after week that it's all Obama's fault. This is what passes for Republican leadership in 2013.

^^more partisan bullshit from the StinkyMORON.

 

[phrodeau]

^ More crap from the non-contributor.

Go post the DJIA again.

 

[koalabear]

^ More crap from the non-contributor.

Go post the DJIA again.

Exactly, I do not contribute to either party.

 

[mercury14]

Even the Wall Street Journal is saying that this is another right wing lie.

On Obamacare, Congress didn’t really get an exemption
By Steve Goldstein

Getty Images
House Minority Leader Pelosi

Can you believe Congress exempted itself from Obamacare? Shows how lawmakers know the law is terrible and want to protect themselves from its consequences!

That’s the general reaction to news that the Office of Personnel Management will allow the government to make contributions to the health insurance of lawmakers and their aides, as first reported by Politico.

What’s not well understood is the origin of this ruling. Uniquely, lawmakers and their aides had to get insurance “created” by the Affordable Care Act or “offered through an exchange.” This provision — stuck into the Affordable Care Act by Sen. Chuck Grassley, an Iowa Republican, basically as an intended poison pill — only applied to Congress and to no one else.

(The poison pill didn’t really work, clearly, as the Affordable Care Act still was voted into law.)

So, does that mean the current plans — in effect right now — are no good? They weren’t “created” by the act, after all.

That is still the case. The current plans go away. House Minority Leader Nancy Pelosi issued a statement Thursday night saying lawmakers and their staffs must enroll in an exchange by Oct. 1.

The ruling by the OPM means that the government will contribute to those plans — just as it does now, and just as most private-sector employees have their health insurance paid for, in part or in whole, by their employers.

http://blogs.marketwatch.com/health...acare-congress-didnt-really-get-an-exemption/

 

[Busybody]

Its NOT cause they LOVE

Mutter and Father


Study: Record number of young people still living at home



Right on the heels of especially tepid reports on both July joblessness and the second quarter’s weaksauce economic growth, here’s still more discouraging news about the newly perpetual state of near-stagnation in which our economy is currently languishing. According to a new study from Pew Research, a rising portion of young adults are still living in their parents’ homes instead of moving out into apartments or homes of their own, with that number reaching a new record in 2012:


In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

Pew points to a number of factors to explain the increase, including declining marriage rates as well as declining employment rates — in 2012, only 63 percent of 18-to-31 year olds had jobs, whereas 70 percent of them had jobs in 2007.

Another factor is rising college enrollment, from 35 percent of 18-to-24 year olds in March 2007 to 39 percent in March 2012, as young people in college are more likely to be living at home than those not enrolled in college. This might, on its face, seems like a good thing, since it means more young people are going to college and getting a higher degree — but a lot of that probably has to do with the federal government forcing artificially cheap student loans into the market, the easy availability of which increases demand and leads to higher tuition prices, which in turn mean that a lot of these students are taking on huge amounts of student debt. It’ll be tough to pay all of that off when you graduate without a job and nowhere to live but your parents’ couch.

The recession might technically be over, but this is a testament about how things really haven’t inherently improved much at all.

 

[richard_daily]

Exactly, I do not contribute to either party.

You don't contribute to the human race.

 

[unregistered]

 

[koalabear]

You don't contribute to the human race.

That's your best shot lil fag chihuahua, figures.

 

[unregistered]

 

[Ajax_Prime]

NOW, you're talking out of the other side of your mouth, and attempting to ascribe the stock market run-up to Beranke's policy, the SAME FUCKING POLICY YOU BLAMED FOR THE STOCK MARKET DOWNTURN IN JUNE.

I used to think you were just being difficult. No I know, that you are without a doubt, just plain dumb. Are you a U-Verse installer who moonlights as an economic commentator?

If you casually visited CNBC, Reuters, or Bloomberg every now and again, you would be much better informed.

Just a suggestion.

 

[koalabear]

He gave his best shot to Ken. He won't be of much use after LadyF Rocky Marcianoed his scrawny ass yesterday.

He just crawls under a new tab hoping people will forget.

 

[unregistered]

 

[richard_daily]

Ken enjoyed your contribution, Chihuahua.

You ran away from the thread where you got showed up to be a cowardly dick lick...

But now you're back to repeating the same low information bullshit that you started out yapping about.

How old are you these days? 85? 86? unfortunately, your socialist medical care will probably keep you alive for a few more years...

real talk.

 

[IrezumiKiss]

Why is Vette pushing like everyone doesn't know he boosted Karen Ken Kraft?

Why is he still trying to fake like we don't know he did it?

DESSSSSSSPERATIONNNNN...

http://media.tumblr.com/tumblr_md3ukoOYpm1qa6g1m.gif

 

[unregistered]

 

[unregistered]