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It will all be fudged away - U3 will be 8% by 2012, participation rate will drop, drop, drop
What isn't fudged has been hedged: Goldman and FRB San Francisco (the most credible sources of econometric research /sarc) both put out pieces this week proclaiming a structural shift in demographics has created a higher rate of natural unemployment. Translation: unemployment will not fall much, but that says nothing about the quality of the recovery. So, all is well
Or stop making people or send them to war.
Or send them back to the farms. Then they won't count.
Tyler your conclusion is 100% wrong.
The number of jobs saved or created can show a decline of -599,999 each month and the US job picture will still be improving. Afterall, the labor force is going to fall 600,000 each month until there is no joblessness.
By my calcuation (assuming 13 million unemployed) that means 21.67 more months which implies zero jobless Americans in October 2012 just in time for the 2012 Presidential election.
Man, I wish I worked at the BLS!!!
You are 100% correct!!
More american retired early than any other time in histroy due to wealth effect and low inflation!
Even Wall Street journal says "Split Economy Keeps Lid on Prices " So many americans have too much money and no inflation!!
You guys are jsut too negative!!
Guess we are having negative population growth - cause last year they all said we needed 250K a month just to keep pace...o well..
That was probably based upon 300MM population growing at 1% or 3MM a year. 3MM/12 = 250k per month.
At the same time babyboomers will be forced to retire at the rate of 3-3.5 million per year displaced by cheaper workers.
There won't be new jobs in US because manufacturing won't create them (too expensive-taxes,energy,labor,high paid management and consultants,environment), government will cut jobs at least at state level, consumer related industries (retail,travel,hospitality) will contract for known reasons, medicare and drugs will expand because of stupid health&drugs plans (they will dictate prices for some time), financial will stay at the same level for some time before going down the drain with consumers. Agriculture and food will expand for some time before inflation chokes it. Energy ? Maybe, but I think it will stay at the same level. Resources will expand but how many jobs they will create?
I wonder where they see area where jobs will be created, military + manuf. involved in it?
Haha.... the new gubermint term to describe the 3 million unemployed is "potential workforce". Next will be a new definition of what a "job" really is. I think I'll just go wash out my eyes now.
if chair satan has his way, the population "growth" will soon be -100K per months as he starves people to death. and people thought hitler was bad. i bet chairsatan executes at least 3x the number of people hitler did.
All part of the Global Elite's plan, they don't need us "useless eaters"
i heard that the global elites taste like chicken! seriously, how many are there of them? at their old fragile state, we can wipe them out!
what the fuck is wrong with you people, just buy the fucking dip
If 121,000 illegal aliens go home every month for lack of jobs, will that imporve the government statistics?
They don't count as labor, just contributors to Socialist Insecurity...so...this causes the trustless fund to eat an ever bigger whole in the space time continuum every month
+121,000 + 536
I'm amazed you keep with this whole 20th century thing called work. The SNAP and wealth effect make this whole job growth work thingee a thing of the past. It's different this time in the new normal economy.
Exactly! I think hedonics also plays a role. Like, aren't we better off having folks in other countries work, making us stuff, so that we can have more time doing other things that provide us greater enjoyment? Hell, if it's money we need, we can just print it...
Ah...A man after me own heart! I'm working out a proposal to run a small bank of printers for Weimar Ben. I want every 20th bill for myself. I promise to spend them as soon as they're dry.
Fuk, I thought life was free. Just charge it to my neighbor's kid.
Oh, I don't have neighbors with kids, but ODummer has kids!
but I thought we were up to 251,000 increase to handle illegals? What happened?
Mexico close the bordeer? Make me laugh.
Make me laugh harder, and say we did.
The BLS is very good with the fudge...perhaps they ought to consult the SEC about it.
Only if the BLS has better porn.
Wondered why high speed rail was a priority.
Gotta move those illegals.
High-speed rail faster than:
1. M1A1 tanks, and
2. C130 transports!
We don't need no steenking jobs!
Tell that to Mike Rowe, ya tumor.
You should hire him to shave that nasty pussy.
(Dang, listening to Levin, and I think he finally gets it.)
Need the Jeetner clip, saying the Odummer budget is unsustainable!
Shut down the goobermint!
What do they do?
Other than write me checks I can live without for months.
Just don't pay CONgress or ODummer in the meantime.
PATCO the whole lot of them!
Hey, the IRS is hiring! Soon they'll be running "work from home" infomercials. "Turn in your family, friends, neighbors, co-workers, and employers and you'll receive 1 month free SNAP!"
PATCO those beestards, too!
PATCO THE WHOLE LOT OF THEIR USELESS ASSES!
Funny how it affects me more than you.
Population growth? You mean, wetbacks from the south, chinks from the east and canuuks from the north ? ( oh noooooooo !!! )....
by the way, texas is 33 percent wetback now. isn't that special? se hable espanol?
I just love this whole gov't fudging the numbers thing, the worse the economy gets the better my income gets. Don't you love foreclosures?
Sounds like a case for the lowest interest rates ever.
was it 20 million employed that were annihilated? or only ten? in order for the "trillion dollar deficit" economy to have any chance those employed must be returned to the work force in full force immediately. just the potential for the overthrow of The Kingdom and with it the entire world's oil supply potentially annihilated strikes me as "a potential detriment" to this clearly fanciful outcome. more to the point "just how do you get your food again"? it ain't on the back of rail car that's for sure. that's how your food leaves to "points unknown." oh, yeah...and i haven't even mentioned the term "an interest rate" yet have i?
The "BLS" Bureau of Lying Scoundrels will perform better tricks than Houdini ever did, as they will get the UE rate below 8% in no time..and that quivering pale faced crack head lookalike Bernanke will starve new born babies to keep population growth down!
Everybody is looking at this wrong. Jobs don't have to expand to keep up with population growth... the population needs to shrink in accordance with job contraction. Jeez.
BL(S), give me a break.
Nice $ for the scum.
Have you noticed how quickly people are becoming de-sensitized? Three years of spooky layoffs and unemployment plus the MSM spin has made it all a big yawn. Jobs get mentioned only half seriously here and there in the media.
It's all a part of the plan: TARP de-sensitized us to bailouts (and banker fraud). Fed de-sensitized us to the word "Trillion". ECB de-sensitized us to the notion of sovereign defaults and bankrupt nations. And now they're working on de-sensitizing us to "Inflation". Gasoline prices at a record for the month of February? Ywwan. Didn't notice. Food inflation? Get a life. Slim the hell down.
Here's a perfect example of how they do it: From The Economist: "Learning to Like Inflation:
China Gold investment 70% up.
If this does not take up prices what will......
Don't worry, inflation will cure all-- as long as there is inflation that means someone is paying for the margins for a company to hire right?
One big sick joke that leaves many in poverty.
Another way of phrasing this is:
"Deaths Have To Grow By 121,000 Per Month Just To Keep Up With Population Growth."
No way around it; more jobs and money and food or sooner or later people have to DIE. Not what I want, just the truth.
the US needs to invade Iran now
Wow...that is a disastrous report. The US is toast.
Population growth will be a good thing fiscally, given our current fubar ponzified system. We will all just to have to adjust standard of living, per person, downward. (Not that I am in the least happy about that, but it is inevitable.)
Employment can be increased by reducing the workweek, which has historical precedence and takes advantage of technological improvements in our culture while maintaining a more even standard of life for more people, elite banker and political assholes notwithstanding.
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