• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +112,000

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Fri, 03/04/2011 - 09:41 | 1018107 NOTW777
NOTW777's picture

why participate when you can get a gov handout and spend time at protests

Fri, 03/04/2011 - 09:51 | 1018145 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Bens mandate is price stabilization and unemployment.  I guess we need some some more QE to solve this.  ANd incase anyone is keeping tabs, the recession ended 20 months.  Yup thats a 20.

 

www.silvergoldsilver.blogspot.com

Fri, 03/04/2011 - 10:03 | 1018194 financeguru500
financeguru500's picture

Well I think they have implemented a new unemployment statistic. I call it the chinese labor statistic.

Basically, it goes like this.

If you are unemployed because your job got outsourced, you are not counted as officially unemployed. That is because someone in another country is doing the job for cheaper which helps out the main company here in the U.S. who is paying the employee wages. It's Win Win.

Fri, 03/04/2011 - 10:19 | 1018244 Id fight Gandhi
Id fight Gandhi's picture

More like Wang Wang

Fri, 03/04/2011 - 10:31 | 1018306 Oh regional Indian
Oh regional Indian's picture

More like Kling-on?

But I don't quite understand this joblessness in the US. Everyday, in my inbox, I get offers to become:

1) A mystery shopper

2) An turn-key Internet millionaire

3) An ad-words rich-guy

4) A messenger 

5) My favourite: A cannot miss, scalping Forex trader

And that is just the tip of the Job-berg, of which I'm told only 5% is visible.

Which means there are thousands of invisible jobs too. 

Let's not hear any more of this joblessness business. The internet has jobs for one and all.

My e-mail told me so.

Oh, there was this personal shopper thing that really caught my attention too. Really, jobs is dying, jobs are not dead yet.

ORI

http://aadivaahan.wordpress.com/2011/03/01/on-outsourcing-and-its-ills/

 

Fri, 03/04/2011 - 10:35 | 1018320 bb5
bb5's picture

and Gaddafi is paying $2,000 a day for mercenaries

Fri, 03/04/2011 - 11:25 | 1018554 Oh regional Indian
Oh regional Indian's picture

There you go. Blood money, flowing fast and free.

ORI

Fri, 03/04/2011 - 10:23 | 1018269 DonnieD
DonnieD's picture

Winning! Duh.

Fri, 03/04/2011 - 10:15 | 1018228 EscapeKey
EscapeKey's picture

My arse that's Ben's real mandate.

The Federal Reserve is a bailout machine. Their taken actions occasionally favour the populace, but always the big banks.

Fri, 03/04/2011 - 10:17 | 1018240 SheepDog-One
SheepDog-One's picture

FED mandate- 'Print money, hand to central banks'

Fri, 03/04/2011 - 10:26 | 1018281 MiddleMeThis
MiddleMeThis's picture

Shhhhhh, that's a secret.  Don't let the sheeple know!

Fri, 03/04/2011 - 10:12 | 1018217 NOTW777
NOTW777's picture

we have unemployment at probably 15-20%, record food stamp participation, a dead economy for the middle class, record foreclosures and falling home prices, increasing government regulation and intrusion, $4-5 gas and,

the clowns on the left and in MSM are dancing around and telling lies like we are in the best of times

Fri, 03/04/2011 - 10:58 | 1018421 TeamAmerica
TeamAmerica's picture

I haven't noted anyone on the left declaring these as good times.  Please let us know where this is dance is being held (I'll bet Charlie Sheen is behind this somehow).

Fri, 03/04/2011 - 09:43 | 1018113 ft.knox.gold
ft.knox.gold's picture

the dept. of truth is lying again...wow

Fri, 03/04/2011 - 10:02 | 1018186 Spirit Of Truth
Spirit Of Truth's picture

Their motto is, "What's reality got to do with it?"

Fri, 03/04/2011 - 10:14 | 1018224 docj
docj's picture

Nah - just The Bureau of Making Shit Up doing The Lord's work again.

Fri, 03/04/2011 - 10:34 | 1018314 Oh regional Indian
Oh regional Indian's picture

You mean the BuMSU doing TLW?

FTW?

I like it.

ORI

Fri, 03/04/2011 - 09:44 | 1018115 slow_roast
slow_roast's picture

Welfare bitchez!

Fri, 03/04/2011 - 09:47 | 1018130 silvertrain
silvertrain's picture

 Physcological shit right there...

BTW, Back in the good ole days we could count on a pm beatdown on nfp Fridays, update:the script has been flipped as Gold and Silver move on up...

Fri, 03/04/2011 - 09:55 | 1018161 jus_lite_reading
jus_lite_reading's picture

Always remember, when all else fails, use Psyops. 8.9% is a significant number because it is below that magic 9%. Of course their only weapon now is Psyops which also means their end is near. We should be happy!

Fri, 03/04/2011 - 10:13 | 1018222 TeamAmerica
TeamAmerica's picture

That's just lame...you completely misunderstand what psyops are all about - but that's off-topic.

The real point is that "they" actually believe these numbers.   It's not that they are making stuff up to manipulate anything, it's that they just don't know.   Much worse IMHO.

Fri, 03/04/2011 - 10:16 | 1018235 Cortez
Cortez's picture

I agree that they believe their numbers.  They are like trained pilots who never would second guess the instrument gauges.  But unlike an airplane's gauges, economic numbers aren't based on hard science.

Fri, 03/04/2011 - 09:44 | 1018116 101 years and c...
101 years and counting's picture

head and shoulders labor participation rate.  can we trade this?  surely there has to be some derivative of a derivative of a synthetic product we can trade.

can GS tell us the target participation?  60%, 50%? 

Fri, 03/04/2011 - 09:43 | 1018117 BKbroiler
BKbroiler's picture

I'm not sure I'd want to participate in something called a "labor market".  sounds like hard work.

Fri, 03/04/2011 - 09:47 | 1018132 alien-IQ
alien-IQ's picture

"labor market"..."slave auction"....same shit, different era.

Fri, 03/04/2011 - 09:56 | 1018163 buzzsaw99
buzzsaw99's picture

+1

Fri, 03/04/2011 - 10:14 | 1018225 Shocker
Shocker's picture

Well be sure to jump in before it is too late :-( . I would hate for you to miss out on this Recovering labor market

http://www.dailyjobcuts.com

Fri, 03/04/2011 - 09:44 | 1018122 EscapeKey
EscapeKey's picture

And indicatively, the Birth/Death adjustment was +112,000.

Ah, see, there's the problem. If it had been +150,000, the expectations would have been beaten.

Fri, 03/04/2011 - 09:44 | 1018123 John Law Lives
John Law Lives's picture

The good ole Birth/Death adjustment saves the day.  Maybe they will come up with a Wealth/Poverty adjustment and arbitrarily declare there is a surge in the number of wealthy Americans... just to make us all feel good.

Fri, 03/04/2011 - 09:48 | 1018136 SpeakerFTD
SpeakerFTD's picture

Is the correlation between the above chart and the food stamp participation chart -100%?   Sure seems like it.  

Fri, 03/04/2011 - 09:49 | 1018140 gimli
gimli's picture

Don't worry --- as soon as we go to war in the Middle East, our armed forces will go on a major hiring spree and spend big on Madison Ave. advertising.

Fri, 03/04/2011 - 09:52 | 1018151 alien-IQ
alien-IQ's picture

oddly enough...military enrollment is counted as jobs gained...however, if I'm not mistaken...when they leave the military it is not counted as jobs lost.

Fri, 03/04/2011 - 09:51 | 1018141 Cognitive Dissonance
Cognitive Dissonance's picture

God bless all those young adults humping their heads off 10 months ago so we could add 112,000 more births than deaths last month. The fertile generation.

What's that you say.......that's not what the birth/death adjustment means? Well...what the hell else could it mean?

/sarcasm

Fri, 03/04/2011 - 10:40 | 1018325 10kby2k
10kby2k's picture

maybe it was more deaths

Fri, 03/04/2011 - 09:49 | 1018143 godzila
godzila's picture

Still although the overall numbers are clearly underestimated there has been a slight improvement !?

Fri, 03/04/2011 - 09:51 | 1018146 Temporalist
Temporalist's picture

Birth/Death adjustment.  "The horror.  The horror."

http://www.youtube.com/watch?v=aNUr__-VZeQ

Fri, 03/04/2011 - 09:51 | 1018147 The Axe
The Axe's picture

http://www.guardian.co.uk/world/2011/mar/04/sacked-indian-workers-executive-death

 

JJust light your boss on fire...that seems to be a plan...

Fri, 03/04/2011 - 09:52 | 1018148 mynhair
mynhair's picture

The Wealth Effect is working:  more people feel able to retire early, and do so.

Fri, 03/04/2011 - 09:51 | 1018150 Cortez
Cortez's picture

The labor force participation rate would be another 8.4% lower if the porn industry were outlawed.

Fri, 03/04/2011 - 09:59 | 1018170 SpeakerFTD
SpeakerFTD's picture

Average length of employment would also be severely reduced.

Fri, 03/04/2011 - 10:21 | 1018256 hedgeless_horseman
hedgeless_horseman's picture

...while "average length of unemployed" would surely increase.

Fri, 03/04/2011 - 09:53 | 1018154 jus_lite_reading
jus_lite_reading's picture

At this rate, we'll see 4% unemployment by summer...

Of course, we'll also have 65 million Americans on food stamps...

Fri, 03/04/2011 - 12:09 | 1018757 Agent P
Agent P's picture

Nothing like using those who have lost hope to improve the statistic in order to give others hope.

I don't know if that's ironic, or just plain fucked up.

Fri, 03/04/2011 - 09:52 | 1018155 AN0NYM0US
AN0NYM0US's picture
Aging Baby Boomers Reduce U.S. Unemployment Rate, Matus Says: Tom Keene

http://www.bloomberg.com/news/2011-02-07/aging-baby-boomers-reduce-u-s-u...

Fri, 03/04/2011 - 09:53 | 1018156 Milton Waddams
Milton Waddams's picture

Coming soon to a Sunday morning talk show near you .. eight point nine, not nine, EIGHT point nine. Propaganda is srs bsns.

Fri, 03/04/2011 - 09:59 | 1018169 wherewasi
wherewasi's picture

 

Obviously we need more death to help the numbers.  Maybe Obamacare will get us there...

Fri, 03/04/2011 - 10:17 | 1018236 Twindrives
Twindrives's picture

Obama would like to see a few more whitey's dead, gone, and in the ground, yes.

Fri, 03/04/2011 - 10:00 | 1018176 buzzsaw99
buzzsaw99's picture

So the 43M on food stamps are all "working poor"? How depressing, work at WalFart and so poor I'm eating gubbermint cheese yet counted as employed. THAT'S AMERICA BAYBEE!

Fri, 03/04/2011 - 10:02 | 1018182 topcallingtroll
topcallingtroll's picture

The vast majority I see on food stamps are welfare moms and people on SSI or SSD.

Fri, 03/04/2011 - 10:08 | 1018209 Cognitive Dissonance
Cognitive Dissonance's picture

How would you possibly know this? Do you go up to them in the checkout line and ask or do you financially profile?

Try saying something believable.

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