Conservatives Spin Great Job Numbers Into Really Bad News
[su_right_ad]The Conservative News Service, in a story picked up by Drudge, wants you to know how bad it is that more than 300,000 jobs were filled in November, with the headline:
Labor Force Participation Remains at 36-Year Low
It goes on to say:
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
Of course, there could be many reasons for a low labor force participation rate, not the least of which are aging baby boomers, a large segment of the population, who are no longer working. Additionally, this a cyclical result of the recession and near-depression we had in 2008. That’s when participation rate began its drop, and it’s going to take some time to regenerate. Nevertheless, while we now have the best for jobs since 1999, there is a big cloud in that silver lining, the one the right is desperate to find anytime there is good news out of the White House.[su_csky_ad]
Tommy6860 December 5th, 2014 at 1:14 pm
Well, then they can explain this addendum to this latest jobs report:
Biggest Payroll Gain in Almost Three Years Boosts U.S. Wages
A November hiring surge ranging from factories to offices and
retailers powered the U.S. economy to create the largest number of jobs
in almost three years, triggering long-awaited wage gains.
The 321,000 advance in payrolls followed a 243,000 increase in October that
was stronger than previously reported, Labor Department figures showed
today in Washington. The November gain exceeded the most optimistic
projection in a Bloomberg survey of economists. The jobless rate held at a six-year low of 5.8 percent and average hourly earnings rose 0.4 percent, the most since June of last year.
More Reading…
neworleans878 December 5th, 2014 at 1:39 pm
Funny…never heard about labor force participation numbers under any Republican president, no matter how bad the economy.
Tommy6860 December 5th, 2014 at 1:48 pm
Didn’t Romney claim when running in 2012 that he’d get the unemployment rate down to 6% by 2016? See, it’s Obama’s fault, yet again!
I hope that winger runs in 2016, popcorn sales will hit the roof during the debates.
neworleans878 December 5th, 2014 at 2:00 pm
Bought popcorn futures just the other day. Sound investment. If 2016 is anything like 2012, just may be able to retire 🙂
rg9rts December 5th, 2014 at 2:06 pm
This information brought to you by the same clowns that thought the George II administration was the most productive job wise EVER……
Obewon December 5th, 2014 at 2:09 pm
10.6 M+ Private Jobs created in 56 consecutive months is a new U.S. Record, and the best 200,000+ monthly jobs creation since Clinton’s 1998!
The Labor Force Participation rose to 62.8% in November matching LFP Percentage since March 1978! Good news for America is always bad news for republicans.
thule December 5th, 2014 at 2:11 pm
There should also be a boost in the economy due to the low gas prices. There is a direct correlation between the two. No that the president can take any credit for oil prices. Again, thanks to fracking!
Obewon December 5th, 2014 at 2:28 pm
US record $16.5 T GDP grows at +4.5% APR. Lower gas prices redirect $180 B in consumers disposable income away from Big Oil. While Fracking creates cancer clusters and earth quakes to expel natural gas.
According to a 2013 analysis by the BLS, in the fourth quarter of 2011 there were 3.4 million green jobs in the United States. Overall, green jobs represented 2.6% of jobs in the United States, Fossil fuel employs 2.4 M. http://www.eesi.org/papers/view/fact-sheet-jobs-in-renewable-energy-and-energy-efficiency?/fact-sheet-jobs-renewable-energy-and-energy-efficiency-11-jun-2013
Larry Schmitt December 5th, 2014 at 2:44 pm
Related to my post on the other thread, I bet Fox News and Fox Business will report this angle, but not the part about the increase in jobs.
Spirit of America December 5th, 2014 at 3:53 pm
Nothing is wholly good or bad on its own, the whole picture is what counts. More jobs is a good thing, period, give credit. If some of those jobs are low-paying, that’s a bad part of a good thing, lets keep working on it. If a lot of folks aren’t in the labor force, lets admit it and work on that.
But never say 300k more people working is a bad thing, period.
arc99 December 5th, 2014 at 7:47 pm
SOA,
Although I disagree with many of your opinions, your reasonable voice from the right-hand side of the political spectrum is truly a breath of fresh air and unfortunately far too rare.
Spirit of America December 5th, 2014 at 8:32 pm
Visualize my head tipping to you sir.
(oh he||, add a slight smile to my face as well while doing it)
🙂
Tim Coolio December 5th, 2014 at 10:53 pm
2.5 million jobs created in the last year and
a half, that’s 2.5 million more than bush
created in 8 years!
Spirit of America December 5th, 2014 at 11:25 pm
Is that accurate? The dept of labor shows it a bit different.
Suzanne McFly December 5th, 2014 at 4:09 pm
The fact that we have to constantly explain that a lower unemployment rate is good as is a growing GDP gives me a throbbing headache. Has anyone sat down with a rwnj and tried to have them explain why they are against Obama’s economic policies? I have and it is hell.
tiredoftea December 5th, 2014 at 6:40 pm
I hear that there are drugs for that.
Suzanne McFly December 5th, 2014 at 7:00 pm
I like to keep my drugs “natural” if you know what i’m sayin’ 🙂
tiredoftea December 5th, 2014 at 7:06 pm
But, with a satisfyingly big THC count, I’m sure.
Suzanne McFly December 5th, 2014 at 7:11 pm
🙂 Cures all kinds of ailments, even headaches only rwnj’s can produce.
tiredoftea December 5th, 2014 at 8:13 pm
Plus all of those other “mystery” ailments that also seem to require a cure.
Tim Coolio December 5th, 2014 at 10:52 pm
It’s covered by the ACA!
P_Arthur December 5th, 2014 at 5:20 pm
Why is improvement not worthy in and of itself? Of course the job market has been depressed, it was reported that way in the very beginning. But rehashing that old news every time we see an improvement is pure politics, there is no other reason that makes sense.
P_Arthur December 5th, 2014 at 5:20 pm
Why is improvement not worthy in and of itself? Of course the job market has been depressed, it was reported that way in the very beginning. But rehashing that old news every time we see an improvement is pure politics, there is no other reason that makes sense.
tiredoftea December 5th, 2014 at 6:45 pm
Some of the number is due to the ACA. Many people worked to retain their employer based health insurance. Now, they can either retire early, start their own business or cut back their working hours to do other things, like volunteering.
A lower labor force participation rate is not necessarily a bad thing. Except for the long term unemployed who are now counted among the discouraged worker category.
SteveD December 6th, 2014 at 2:22 am
“Some of the number..”
Remember when the media went wild with stories like “the ACA is going to cost us 2 million jobs!!!” instead of your “Obamacare is going to open up 2 million job positions to younger workers?”
Tim Coolio December 5th, 2014 at 10:55 pm
I’m willing to bet once the new congress is sworn in
those on the right will immediately claim “their”
policies are the reason for any good economic news,
just like after Bush left us on the edge of financial
meltdown, every time some bad economic news comes, they
claim it’s because of dems taking congress in 2006!
SteveD December 6th, 2014 at 2:14 am
“2008. That’s when participation rate began its drop, and it’s going to take some time to regenerate….”
Maybe not.
“…the LFP rate is projected to reach 58.5 percent in 2050, an LFP rate lower than what it was in the early 1960s, when the rate began its steady increase.
The BLS lists the following factors as primary drivers of the decline in the LFP rate since 2000: (1) the aging of the baby boomer cohort; (2) the decline in the participation rate of those 16-24 years old; (3) the declining LFP rate of women (since its peak in 1999), and (4) the continuous decline of the LFP rate of men (since the 1940s). The main factors that keep the aggregate LFP rate from falling further are the increase of the LFP rate of those 55 and older and the strong attachment to the labor force of Hispanic and Asian people, who constitute the main share of the immigrant population.”
https://www.stlouisfed.org/publications/re/2013/d/images/labor_forcesmall.png
Red Eye Robot December 6th, 2014 at 10:41 am
In other great economic news, China surpassed the US as the worlds largest economy. (thats the same china that has more people earning under $1000 a year than the entire population of the US)
Tim Coolio December 13th, 2014 at 9:50 pm
Recessions since 1950 and the party in power
when they started:
July 1953-May 1954 GOP
Aug 1957 -Apr 1958 GOP
Apr 1960 -Feb 1961 GOP
Dec 1969 -Nov 1970 GOP
Nov 1973 -Mar 1975 GOP
Jan 1980 -Jul 1080 Dem
Jul 1981 -Nov 1982 GOP
Jul 1990 -Mar 1991 GOP
Mar 2001 -Nov 2001 GOP
Dec 2007 -Jun 2009 GOP