Get HuskerMax™ on your iPhone. Click here for details. Get tickets for all home and away games here.
Results 1 to 16 of 16

Thread: Four-fifths of the reduction in unemployment has been adults not looking for work

  1. #1

    Four-fifths of the reduction in unemployment has been adults not looking for work

    "In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don't need a job, or the job they could find is not worth having," said University of Maryland economist Peter Morici.
    http://www.cnbc.com/id/47292128

    And.... GO! Just not to work.

  2. #2
    Intellectual Patriot
    Squatchsker's Avatar
    Join Date
    Feb 2007
    Location
    Bellevue, Nebraska, United States
    Posts
    15,251
    If you have nothing and you are offered something, it is worth having. A job not worth having is a matter of ego. I had an individual scream at me for 10 minutes one day because he had a PHD and was shoveling mulch for a living because that is all he could find. He probably thought I was being flip when I said I respected that he would do that. He hung up on me after that, but he was doing the job he could find. Not just giving up. If I had to I would work at flipping burgers or digging ditches to pay the bills. Too many choose to stay unemployed. Yeah, I said choose.
    Life Lesson: DO NOT LET THE MAN KEEP YOU DOWN! http://forum.huskermax.com/vbbs/show...er-King-Jr-Day
    "Yeah, saw that only Larry, Moe, and Curly had chimed-in before the thread was locked. C'est la vie when the cumulative IQ of those 3 shxxxeads is something less than 200, with Squatch nailing down 3rd place. Almost not worth the keystroke time expended reporting those twits, however..."

    I love fan mail.

  3. #3
    Administrator
    Huskermedic's Avatar
    Join Date
    Aug 2000
    Location
    Cincinnati, Ohio, United States
    Posts
    21,712
    Well it is not on fox so I guess it must be true. Does not matter it is the pubs fault.


    Born a Nebraskan, raised a Nebraskan, will die a Nebraskan!! Go Big Red!



    Men of Israel, consider carefully what you intend to do to these men. Some time ago Theudas appeared, claiming to be somebody, and about four hundred men rallied to him. He was killed, all his followers were dispersed, and it all came to nothing. After him, Judas the Galilean appeared in the days of the census and led a band of people in revolt. He too was killed, and all his followers were scattered. Therefore, in the present case I advise you: Leave these men alone! Let them go! For if their purpose or activity is of human origin, it will fail. But if it is from God, you will not be able to stop these men; you will only find yourselves fighting against God.” - Gamalie the Pharisee - Addressing the Sanhedrin regarding the new group called Christians
    "I support collecting more in taxes from people with high incomes who choose to actually pay taxes at lower tax rates than use lawyers and accountants to avoid taxes at higher tax rates," he wrote. "Some tax revenues at low tax rates is a heckuva lot better than no tax revenues at high tax rates." - Art Laffer (on 999 plan)


  4. #4
    Quote Originally Posted by Huskermedic View Post
    Well it is not on fox so I guess it must be true. Does not matter it is the pubs fault.
    you said it not me.

  5. #5
    Administrator
    Huskermedic's Avatar
    Join Date
    Aug 2000
    Location
    Cincinnati, Ohio, United States
    Posts
    21,712
    Quote Originally Posted by Squatchsker View Post
    If you have nothing and you are offered something, it is worth having. A job not worth having is a matter of ego. I had an individual scream at me for 10 minutes one day because he had a PHD and was shoveling mulch for a living because that is all he could find. He probably thought I was being flip when I said I respected that he would do that. He hung up on me after that, but he was doing the job he could find. Not just giving up. If I had to I would work at flipping burgers or digging ditches to pay the bills. Too many choose to stay unemployed. Yeah, I said choose.
    For sure! I have been there and done that. At one point I was working 3 jobs to pay the bills until I could get out of school and do what I wanted.


    Born a Nebraskan, raised a Nebraskan, will die a Nebraskan!! Go Big Red!



    Men of Israel, consider carefully what you intend to do to these men. Some time ago Theudas appeared, claiming to be somebody, and about four hundred men rallied to him. He was killed, all his followers were dispersed, and it all came to nothing. After him, Judas the Galilean appeared in the days of the census and led a band of people in revolt. He too was killed, and all his followers were scattered. Therefore, in the present case I advise you: Leave these men alone! Let them go! For if their purpose or activity is of human origin, it will fail. But if it is from God, you will not be able to stop these men; you will only find yourselves fighting against God.” - Gamalie the Pharisee - Addressing the Sanhedrin regarding the new group called Christians
    "I support collecting more in taxes from people with high incomes who choose to actually pay taxes at lower tax rates than use lawyers and accountants to avoid taxes at higher tax rates," he wrote. "Some tax revenues at low tax rates is a heckuva lot better than no tax revenues at high tax rates." - Art Laffer (on 999 plan)


  6. #6
    Persistent unemployment has definitely been the biggest problem this economy faces. The work force participation rate is definitely a valid thing to look at in considering whether declines in the unemployment rate are illusory or signs of genuine improvement.
    "The distinctive mark of the Christian, today more than ever, must be love for the poor, the weak, the suffering." Pope John Paul II


  7. #7
    Quote Originally Posted by Huskermedic View Post
    Well it is not on fox so I guess it must be true. Does not matter it is the pubs fault.
    Not sure from where this comes. I suppose because the pubs have been in charge for the past 3.5 years? That's probably it.

  8. #8
    Red Shirt
    skernado's Avatar
    Join Date
    Nov 2007
    Location
    Kansas City, MO
    Posts
    1,166
    Anyone have any numbers on how many baby boomers are retiring on a daily basis? I have heard/read that it's something like 10K per day. Of course this could be kind of forced retirement due to a weak job market but that could go along way to explaining the poor labor participation numbers and slowly falling unemployment number despite the pathetic job growth.
    The trouble with weather forecasting is that it's right too often for us to ignore it and wrong too often for us to rely on it. ~Patrick Young

  9. #9
    Red Shirt

    Join Date
    Sep 2011
    Posts
    2,878
    I just wish we could get true numbers, no seasonal adjustments, no proclaimed "not able to work" adjustments, just the straight numbers. It seems like all we do is make "adjustments" to show we are creating jobs. To me this is just as bad as milking the books in some sort of stock scheme.

  10. #10
    Quote Originally Posted by Big Red Rick View Post
    Not sure from where this comes. I suppose because the pubs have been in charge for the past 3.5 years? That's probably it.
    You should check your sarcasm meter. He was agreeing with you.
    "The distinctive mark of the Christian, today more than ever, must be love for the poor, the weak, the suffering." Pope John Paul II


  11. #11
    Quote Originally Posted by ShuckIt View Post
    I just wish we could get true numbers, no seasonal adjustments, no proclaimed "not able to work" adjustments, just the straight numbers. It seems like all we do is make "adjustments" to show we are creating jobs. To me this is just as bad as milking the books in some sort of stock scheme.
    Well, there are legitimate differences of opinion as to what the "true numbers" are. The official number was arrived at because it represented the economists' consensus of the most accurate and least misleading measure of employment in America. To compare this official number with some sort of accounting scheme is completely misplaced: the Bureau of Labor Statistics releases five other measures of unemployment that take all of these other figures into account as well. The data is all there for anyone who wants to look at it.

    What makes this sustained period of unemployment different from past episodes is that there are a lot more people leaving the workforce altogether, probably in large part because many of them are aging baby boomers as skernado said.
    "The distinctive mark of the Christian, today more than ever, must be love for the poor, the weak, the suffering." Pope John Paul II


  12. #12
    All Legend
    utsker's Avatar
    Join Date
    Jul 2007
    Posts
    16,422
    Where do vets fit in in this...if you retired after 20 and can't find a job, are you unemployed or retired? I know I sure as hell needed a job after I retired and was stocking shelves overnight at Target for a few months until I got a more "permanent" job.

  13. #13
    Administrator
    Huskermedic's Avatar
    Join Date
    Aug 2000
    Location
    Cincinnati, Ohio, United States
    Posts
    21,712
    Quote Originally Posted by Big Red Rick View Post
    Not sure from where this comes. I suppose because the pubs have been in charge for the past 3.5 years? That's probably it.
    Quote Originally Posted by ChitownHusker View Post
    You should check your sarcasm meter. He was agreeing with you.
    Correct I guess I broke my own rule by not putting in a .

    Anyway my wife's company just announced 10% reduction plan threw buy outs packages. It blows my mind people on the left feel there point of view of economic polices works. Just look at Europe, that is full on left side economics polices and they are in a world of hurt.


    Born a Nebraskan, raised a Nebraskan, will die a Nebraskan!! Go Big Red!



    Men of Israel, consider carefully what you intend to do to these men. Some time ago Theudas appeared, claiming to be somebody, and about four hundred men rallied to him. He was killed, all his followers were dispersed, and it all came to nothing. After him, Judas the Galilean appeared in the days of the census and led a band of people in revolt. He too was killed, and all his followers were scattered. Therefore, in the present case I advise you: Leave these men alone! Let them go! For if their purpose or activity is of human origin, it will fail. But if it is from God, you will not be able to stop these men; you will only find yourselves fighting against God.” - Gamalie the Pharisee - Addressing the Sanhedrin regarding the new group called Christians
    "I support collecting more in taxes from people with high incomes who choose to actually pay taxes at lower tax rates than use lawyers and accountants to avoid taxes at higher tax rates," he wrote. "Some tax revenues at low tax rates is a heckuva lot better than no tax revenues at high tax rates." - Art Laffer (on 999 plan)


  14. #14
    Guest
    Join Date
    Dec 2010
    Location
    Denver, Colorado
    Posts
    3,295
    Quote Originally Posted by Huskermedic View Post
    Correct I guess I broke my own rule by not putting in a .

    Anyway my wife's company just announced 10% reduction plan threw buy outs packages. It blows my mind people on the left feel there point of view of economic polices works. Just look at Europe, that is full on left side economics polices and they are in a world of hurt.
    And I don't think we necessarily have to look too far from our own backyard to see where liberal policies take us. California is in a world of hurt and seems like half the state has relocated to Colorado...one reason we've been veering left here for the last several years. They figure they can do for Colorado what they did to California.

  15. #15
    Husker Immortal
    CombatTargeteer's Avatar
    Join Date
    Dec 2010
    Posts
    100,365
    it's the U6 number from the Dept of Labor. The one that is never publicized.

  16. #16
    Junior Varsity
    statman29's Avatar
    Join Date
    Jun 2001
    Location
    Omaha, Nebraska, United States
    Posts
    5,862
    Quote Originally Posted by ShuckIt View Post
    I just wish we could get true numbers, no seasonal adjustments, no proclaimed "not able to work" adjustments, just the straight numbers. It seems like all we do is make "adjustments" to show we are creating jobs. To me this is just as bad as milking the books in some sort of stock scheme.
    We will never get true numbers Obama wants to get re elected he can't have people knowing that his policies are a complete failure.
    I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •