18,000 jobs............er like RA !

[Mega]

http://www.guardian.co.uk/business/2...recovery-hopes
Gee i will drinks in !

Mike

[Chris Coles]

Re: 18,000 jobs............er like F*cking A !

Markets analyst Louise Cooper said: "There was a collective gasp on the trading floor here at BGC when the non-farm payrolls number was released. Even given that this data is volatile and subject to large revisions, this number is worrying.
"America is the country that creates jobs – flexible employment laws are supposed to ensure that in an economic recovery, people are re-employed quickly and easily. Eighteen thousands jobs created in a country of 400 million people with a 9.2% unemployment rate means that more needs to be done. But what?

Gasp! Wow! FLATLINE............ Seems they need a plan to create about 30 million new private sector jobs ...........

[Jam]

Re: 18,000 jobs............er like F*cking A !

America is the country that creates jobs – flexible employment laws are supposed to ensure that in an economic recovery, people are re-employed quickly and easily. Eighteen thousands jobs created in a country of 400 million people with a 9.2% unemployment rate means that more needs to be done.

Not to be picky, but:
The 2010 U.S. Census reported 308,745,538 residents; the U.S. Census Bureau's Population Clock projects the country's population now to be 311,722,000, including an estimated 11.2 million illegal immigrants.

http://en.wikipedia.org/wiki/Usa, http://2010.census.gov/2010census/data/, http://www.census.gov/population/www/popclockus.html

[charliebrown]

Re: 18,000 jobs............er like RA !

Move me one notch to the doomer side of the scale.

Full-time workers(1)	113,856	112,618	113,255	112,510	112,660	112,775	112,484	112,342	111,907
Part-time workers(2)	26,026	27,410	26,875	26,796	26,878	27,087	27,088	27,418	27,631

Check out table A-9. Column 1 is the number of people employed June 2010. Column #3 is the number of people employed
in June 2011. A decrease of 601,000 jobs! It's over man. Jobs are what produce goods and services, jobs are what is taxed to pay the bills. Less jobs, less taxes. Less goods and services, less producer/consumers more just consumers.

I'm moving into EJs doomer camp.
Lets hope this is a sampling error, or a one time data point.

[Chomsky]

Re: 18,000 jobs............er like RA !

Lets hope this is a sampling error, or a one time data point.

Yeahright.

[unlucky]

Re: 18,000 jobs............er like RA !

Lets hope this is a sampling error, or a one time data point.

Doubt it. Last couple of years most new jobs were created by government. With stimulus finished for now, government job creation is net negative so they will be subtracting, not adding. And the private sector can't add until de-leveraging is finished (in a few years time).

And meanwhile we're due for another recession...

[don]

Re: 18,000 jobs............er like RA !

Oh, no . . .

AGUA NEGRA, Mexico — The extraordinary Mexican migration that delivered millions of illegal immigrants to the United States over the past 30 years has sputtered to a trickle, and research points to a surprising cause: unheralded changes in Mexico that have made staying home more attractive.

A growing body of evidence suggests that a mix of developments — expanding economic and educational opportunities, rising border crime and shrinking families — are suppressing illegal traffic as much as economic slowdowns or immigrant crackdowns in the United States.

Here in the red-earth highlands of Jalisco, one of Mexico’s top three states for emigration over the past century, a new dynamic has emerged. For a typical rural family like the Orozcos, heading to El Norte without papers is no longer an inevitable rite of passage. Instead, their homes are filling up with returning relatives; older brothers who once crossed illegally are awaiting visas; and the youngest Orozcos are staying put.

“I’m not going to go to the States because I’m more concerned with my studies,” said Angel Orozco, 18. Indeed, at the new technological institute where he is earning a degree in industrial engineering, all the students in a recent class said they were better educated than their parents — and that they planned to stay in Mexico rather than go to the United States.

http://www.nytimes.com/interactive/2...migration.html

there goes the neighborhood. Can Social Security and Medicaid stand the loss of no-payout contributors? How many Gringo politicians will have to reinvent themselves . . . . Caramba

[Chris Coles]

Re: 18,000 jobs............er like F*cking A !

Not to be picky, but:
The 2010 U.S. Census reported 308,745,538 residents; the U.S. Census Bureau's Population Clock projects the country's population now to be 311,722,000, including an estimated 11.2 million illegal immigrants.

http://en.wikipedia.org/wiki/Usa, http://2010.census.gov/2010census/data/, http://www.census.gov/population/www/popclockus.html

Sorry about that JAM, I took the figures from the Guardian article cited by MEGA.

[Jam]

Re: 18,000 jobs............er like RA !

Move me one notch to the doomer side of the scale.

Full-time workers(1)	113,856	112,618	113,255	112,510	112,660	112,775	112,484	112,342	111,907
Part-time workers(2)	26,026	27,410	26,875	26,796	26,878	27,087	27,088	27,418	27,631

Check out table A-9. Column 1 is the number of people employed June 2010. Column #3 is the number of people employed
in June 2011. A decrease of 601,000 jobs! It's over man. Jobs are what produce goods and services, jobs are what is taxed to pay the bills. Less jobs, less taxes. Less goods and services, less producer/consumers more just consumers.

I'm moving into EJs doomer camp.
Lets hope this is a sampling error, or a one time data point.

This doesn't quite match other tables they show. For example, the following actually shows increase by 242,000 between June 2010 and June 2011.
http://www.bls.gov/news.release/empsit.a.htm

Category	June 2010	June 2011
Employment status
Civilian noninstitutional population	237,690	239,489
Civilian labor force	153,684	153,421
Participation rate	64.7	64.1
Employed	139,092	139,334
Employment-population ratio	58.5	58.2
Unemployed	14,593	14,087
Unemployment rate	9.5	9.2
Not in labor force	84,006	86,069
Employed persons at work part time
Part time for economic reasons	8,631	8,552
Slack work or business conditions	6,172	5,806
Could only find part-time work	2,123	2,401
Part time for noneconomic reasons	17,963	18,470

I understand that it is seasonally adjusted, but June 2010 is the same season as June 2011, so the net change should be the same, no? (Note: If you subtract all part-time workers, the net loss is 186,000).

[charliebrown]

Re: 18,000 jobs............er like RA !

I did not mention the increase in part time employment. That went up roughly 800,000, so the increase in around 200,000.
I did not really mention that because, part time workers probably are being paid less on an hourly basis, probably have reduced or no benefits etc. So losing 600,000 full time jobs is a terrible number considering we are supposed to be in a recovery.

Now you just showed me something interesting that makes me more nervous. I thought that the labor participation rate would be
number people with jobs / number of people. Ahh not so those are non-institutionalized people. What is a non institutionalized person? There seems to be 72 million of them. School? Jail? Nursing home? So the real percentage of people with a job
is more like 44%, and there is another number subject to interpretation and that is the number of instituionalized people.
That does explain why the participation rate seems to stay the same even though I have seen workers stagnate, and the
population is obviously growing. I guess people are being moved into the instituionalized bucket.

There is one number on the employment tables I have a hard time believing. And that is table B3.
http://www.bls.gov/news.release/empsit.t19.htm

Look at the average weekly earnings column year over year there has been a 2% increase. I copy this number down every month and have several years of data. This number just keeps marching up. Now I know that if you keep your job there
does seem to be some token raises going on, but so many people I know have been laid off and have had to take a severe
cut in pay (20%). To take a lesser job. This rise in average weekly earnings seems to be cooked too.

[Jam]

Re: 18,000 jobs............er like RA !

Now you just showed me something interesting that makes me more nervous. I thought that the labor participation rate would be
number people with jobs / number of people. Ahh not so those are non-institutionalized people. What is a non institutionalized person? There seems to be 72 million of them. School? Jail? Nursing home? So the real percentage of people with a job
is more like 44%, and there is another number subject to interpretation and that is the number of instituionalized people.
That does explain why the participation rate seems to stay the same even though I have seen workers stagnate, and the
population is obviously growing. I guess people are being moved into the instituionalized bucket.

Per http://www.bls.gov/lau/rdscnp16.htm#cnp

The civilian noninstitutional population consists of persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities and homes for the aged) and who are not on active duty in the Armed Forces.

Incarcerated ~2.3 million (http://en.wikipedia.org/wiki/Incarceration_in_the_United_States); in the military ~1.5 million (http://en.wikipedia.org/wiki/United_States_Armed_Forces). This leaves some 68 million for school kids, old-folks homes, and nuts .

[flintlock]

Re: 18,000 jobs............er like RA !

Oh, no . . .

AGUA NEGRA, Mexico — The extraordinary Mexican migration that delivered millions of illegal immigrants to the United States over the past 30 years has sputtered to a trickle, and research points to a surprising cause: unheralded changes in Mexico that have made staying home more attractive.

A growing body of evidence suggests that a mix of developments — expanding economic and educational opportunities, rising border crime and shrinking families — are suppressing illegal traffic as much as economic slowdowns or immigrant crackdowns in the United States.

Here in the red-earth highlands of Jalisco, one of Mexico’s top three states for emigration over the past century, a new dynamic has emerged. For a typical rural family like the Orozcos, heading to El Norte without papers is no longer an inevitable rite of passage. Instead, their homes are filling up with returning relatives; older brothers who once crossed illegally are awaiting visas; and the youngest Orozcos are staying put.

“I’m not going to go to the States because I’m more concerned with my studies,” said Angel Orozco, 18. Indeed, at the new technological institute where he is earning a degree in industrial engineering, all the students in a recent class said they were better educated than their parents — and that they planned to stay in Mexico rather than go to the United States.

http://www.nytimes.com/interactive/2...migration.html

there goes the neighborhood. Can Social Security and Medicaid stand the loss of no-payout contributors? How many Gringo politicians will have to reinvent themselves . . . . Caramba

Finally some good news for Mexico. I've always said Mexico's best hope is to "fix" their country. Simply emigrating to the US is not a viable solution for a nation of 111 million. Now if they can just get rid of the violence, especially in the border areas.