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Latest Conspiracy: Swingers Discussion 2098011011
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Hazle Township PA
 
 
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VB, the Krugman article explains it.
His "corrected" chart shows percent of employed bottoming out below .59 last year, and in fits and starts making it to .60 just now.
Flat Rock NC
 
 
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War is certainly a lousy way to create jobs, and job openings.
Infrastructure building would be a lot better. People would be hired to do constructive work, not destructive mayhem.

A lot fewer people lose life and limb in the building of bridges and such, compared to combat on foreign soil.

And after a few years, you have a bunch of great things built, not a bunch of buildings demolished, people maimed and killed, along with ill will around the world.
Flat Rock NC
 
 
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I actually had written something about that but deleted it.

I'm sure a small amount of it is from that, as the baby boomers have crossed into the Medicare age, but in order for what you're suggesting to account for it all, the growth of the 65-100 demographic would have to be 10 times that of the 16-65. I don't have hard numbers, but there's no way this is the case.
Chesapeake VA
 
 
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VB, are you correcting for the increasing numbers of retirement-age people?
They might be inflating your "not in labor force" population.
Flat Rock NC
 
 
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Robert:

It is really clear here that you have no idea what a "write off" is. If you did, you'd understand that denying them would doom almost every business in the country.
Chesapeake VA
 
 
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btw I'm not denying that September's numbers were OK. But it's just one data point. To argue a "return to trend" is, I think, a little bit of cheerleading.

Next jobs report will be Friday Nov.2, not giving people a lot of time to digest it before election day. It will also include a revision of September's jobs report (completely normal). If the revision is something like "yep, it really was that way... and look.. October's is better), then, well, maybe we're on to something here. But if it's a major revision of September numbers and October still stinks (this happens too) it'll make a lot of noise in the days prior to the election.
Chesapeake VA
 
 
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Hazle Township PA
 
 
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Chesapeake VA
 
 
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VaBeach, if you're so inclined, there's a link on that blog page to the BLS page.
I think I can tell when numbers have been cherry picked; maybe you can find some cherries.

For some months, Krugman has been using that ratio to normalize the employment rate, for the reason you stated: people stop looking.
Until now, he hasn't declared any real employment recovery. In fact, he's been expressing dismay for years about why Obama has not made employment the top priority in recovery.
Flat Rock NC
 
 
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TOPIC: Latest Conspiracy