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Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +117,000
March update: civilian noninstitutional population: 239.0 million; Civillian labor force: 153,406, Employed 139,864, Unemployet 13,542. Americans not in Labor Force: 85,594. Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%. And Birth Death adds another 117,000.
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Maybe the unemployed are too busy eating Ipads.
As Obama would say:
FELLOW AMERICANS!! WE NEED YOUR HELP IN FIGHTING THE UNEMPLOYMENT!!
DROP DEATH!! THANK YOU!!!
The Fukushima 50 are hiring people removing toxic sludge.
That'll ease the unemployment huh, Benny?
LMAO...
but somehow the unemployment rate ticked down. ???
Amazing what happens when people are simply no longer counted. More "invisible" troops for the revolution? What happens when a few million, well-armed, invisible people show up in Wall Street or Washington?
LOP: The countdown accelerates swiftly to our own Tahrir Square.
But the CIA will start arming the Loyalists a.k.a. the Criminal Syndicate, not the rebels.
Yes.
"If you don't claim your humanity you will become a statistic."
My god, I almost came at that thought....
Didn't Churchill curse statistics. 'Lies, damned lies and statistics'.
I see the beat-down of the metals as an opportunity to purchase and hence telling my children:
"This gold ounce coin, I bought it when the price was only 4 digits".
Mark Twain.
I stand corrected. He has some great quotes.
Actually it was a different British prime minister, Benjamin Disraeli.
Mark Twain said nearly everything, if we take all the attributions to be true. But Disraeli is reported to have said it first.
I believe that although attributed to Twain, it was actually said by someone else prior
"Statistics are like a drunk with a lampost: used more for support than illumination."
As the stats book I teach from says, "74.2% of statistics are made up on the spot."
We agree that these people are moving the goalposts, again..?
Like safe levels of radiation exposure.
Don't worry, there are plenty of asians who will work for nothing. There that ought to get me junked quickly. Rally on! (and hedge accordingly)
gold and silver whacked again....
Isn't that amazing.
In other manipulations, silver and oil both increase approx 8% in one month.
Gold $1424.2 Silver $37.39 Oil $107.43 4/1/2011
Gold $1422.2 Silver $34.36 Oil $98.55 3/1/2011
btfd?
Oh my, employment is exploding! Silver will got to zero! Yawn.
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhum
Bullish, nowhere to go but up!
BTFR
if silver were at "zero" we are all dead...
This BullShit gives "spin" a new meaning!
Big push by TPTB; serves 2 purposes; drives PMs down; helps the re-election chances of the best puppet they have ever had. "oh what a tangled web we weave..."
Nah, his ace in the hole was the n card, that won't fly again. Even the yuppie liberals are pissed off.
PMs Down, Oil Up/Still "there"! Hmhmh!
LMAO. Jobs report "positive", oil beginning a premarket "dip" as longs are crushed. This is the most comical shit ever. 10 bux says today is a down day for oil.
Irrelevant.
The pump job on the market is already in place. People not only won't disect the information, they don't even know what it means.
"it's getting better". That's all they need to know.
And what a day to give out more news for idiots
Well, you see, it's all about building 'confidence'. Right?
Non institutional population? I happy to hear that 239 million Americans are not institutionalized. The rest must be working in government.
Perhaps "working" in government is an oxymoron.
ORI
I think "leeching" is a better term.
Gross just now on Bloomberg
when do interest rates go up?
Lots of jobs at temp agencies, hotels, bars and nursing homes. You know all those high paying gigs.
Oooo, and fabulous places to start a career in worthlessness.
Degrees in worthlessness to jobs in worthlessness. Celente is the man!
And more than half the number was made up... you couldn't make this up could you... uh, um.....
I love the "Not in labor force" statistic. March 2010 83264 and now March 2011 85594....that's bullish right?
To a Keynsian, yes.
Birth/Death adjustment. What a joke.
NUMBers, killing you softly. From birth to death.
ORI
http://aadivaahan.wordpress.com
There's comfort in numbers; a kind of surety. Numbers are what they are and cannot be questioned. Numbers are also easily perceived in several different ways when they are compared to one another.
Especially when the numbers have almost no bearing on reality...or you decide to compare the wrong ones (like 'jobs' instead of 'aggregate income').
This NFP number is too moderate to be considered a blow-out, but above consensus. That means uncertainty hangs over the question of the Fed's next moves. Without more stimulus in the form of QE, the economy's best days are numbered. Especially with inflation kicking in. Forget about a serious tightening.
Fed: Screwed if it does, screwed if it doesn't!
Lotsa Luck, Bensahn!
Friend of mine ran a construction company. Company went under a year ago. He just got a job as the day manager at a local Lowes.
This is the type of "job creation" we're seeing. Better than nothing, but still...
Yep. One of my nephews was union electrician, no construction so he was laid off >2years ago. Now also working at Lowes for like 1/3 what he was making. Woohoo - dats a recovery there for ya.
I have a friend that was a Stock Broker and is not working at Home Depot. Home Depot has cut his hours down to about 20 hours a week now.
I've called it "the great downsizing". Much fewer jobs available and the new ones being created are at much lower pay with far fewer benefits.
King Dollar and Mr. Crude might just crash Ms. Market's Recovery Party today.
Yep...I see that totally pissed off and depraved USD is rising. Why ever would he do that? Does he not know that his pound is the flesh that is driving Ben Bernanke's wildest dream recovery?
It is probably the case that too many of us have too much time on our hands to sit around and think about these things...even though employment is rocking. And anyway, Ben and his merry gang are not done bear raiding the only thing of value we had left, our silver and gold, so we probably ought to just sign up and get back to work saving the global economy so that the criminal syndicate known as Wall Street can get back to eating caviar and telling us how and why things are so good:
http://ca.news.yahoo.com/exclusive-wanted-u-workers-crippled-japan-nuke-plant-20110331-165506-832.html
Mr. Dollar is clawing his way to the edge of the canyon but holding on is the trick with japan pulling his pants (heavily laden with treasuries) down around his ankles. Doesn't look good.
A U.S. recruiter is hiring nuclear power workers in the United States to help Japan gain control of the stricken Fukushima Daiichi plant, which has been spewing radiation.
..."The qualifications: Skills gained in the nuclear industry, a passport, a family willing to let you go, willingness to work in a radioactive zone.
The rewards: Higher than normal pay and the challenge of solving a major crisis.
So far, the firm has already signed up some workers who will be flying to Japan on Sunday...
Melanson said there will be less than 10 workers in the initial group."
Fukk.
this bodes well for housing.
But, but, but , ...... I thought this was a depression, the big one like Fred Sanford spoke of .... ?
I almost had my bunker dug and I have 3 tons of pepperoni on order, plus all these potatoes ..... Lol'
Fred Attack
http://www.youtube.com/watch?v=RnfflRNpwKA
My god you are a government hack.
Didn't notice how many had to fall off of the employment rolls to achieve this "miracle", did you? Of course not. You have confirmation bias in the extreme. This isn't even enough to handle all the new grads coming into the workforce who, never having been employed, don't get counted either.
My God, you are a dickweed. You wouldn't know a statistic if it bit you on your putrid bile green lips.
I thought he was a truck driver? 21st century version of the 20th century's shoe shine boy when it comes to market advice.
http://www.youtube.com/watch?v=xKclI9Mk35s
Amazing what trillions in deficit spending and trillions in stimulus money can do to make things look better on the surface.
So are economic fundamentals ever going to matter again? Seems like they haven't in a long time.
This is no different than other periods in market history when equities detach themselves from economic reality. And we know what outcome has always been. There are no new eras when it comes to the market.
But silver being above its 60 year average of $ 7.00 is sane & rational ....
There is something wrong with you. You're way too emotional about this stuff.
You noticed that too......haven't PM been manipulated lower intentionally? Dunno, just asking.......
he's an amateur. once the wise guys skin him (it may take a few times) he'll wise up.
SIXTY year average?
It's one thing to be a troll, it's another to insult the intelligence of ZHers.
lol, btfd, though it was only a short dip today
as that Nut case Ross P said " nafta will bring the third world pay to America"..
to think he was even close to the facts today those that called him a loon then were proved so correct but No..LOL
one eyed man in the land of the blind
The Fed's going tighten to slow down t his runaway economy! The Bernanke means business!
I wonder what Rosie is telling his subscription client(s) this April Fools day?
https://www.gluskinsheff.com/Subscribe.aspx
(note: subscriptions are 'non-refundable', Ira's no dummy)
Erin "I obey the voice in my ear" Burnett puking up her green shoots jobs data bullshit. full steam ahead.
Even as Speaker John A. Boehner urged Republicans to keep in mind that they would have additional opportunities in the coming weeks to cut long-term spending, some members of his caucus said they would be willing to accept a government shutdown if necessary to back up their demand for $61 billion in cuts for the current fiscal year.
“That’s pretty small,” said Representative Jeff Flake, Republican of Arizona, referring to the $33 billion spending reduction that Vice President Joseph R. Biden Jr. said Wednesday evening was the target generally agreed to by both parties. “This is visible. People see this. You’ve got to have some significant cuts.”
At a two hour-plus Tea Party rally outside the Capitol, some members, raising their fists to the chants of “Cut it or shut it,” suggested they would stand firm.
“It’s time to pick a fight,” said Representative Mike Pence, Republican of Indiana, one of his party’s more combative supporters of smaller government. He added, “If liberals in the Senate would rather play political games and shut down the government instead of making a small down payment on fiscal discipline and reform, I say, ‘Shut it down.’ “
http://www.nytimes.com/2011/04/01/us/politics/01congress.html
All this talk about shutdowns is getting so interesting...
I wonder what a shutdown means in terms of a missing bond payment, and what that means in terms of Credit Default Swaps...
This is more of that "pretend to be fighting " to look give appearance of two parties and validate their jobs having a purpose. To think they are pretending to not be capable of cutting a paltry 60 billion given the size of our expenditures is an insult. Hysterical that the Repubs are now appealing to Democrats since the few Tea Party fiscal conservatives want even more cuts. Now they can split the difference at 50 billion and tout what great compromisers working in solidarity they are and demonize those pesky constitutionalists.
+1
Reports of minimum wages increases in China. More excellent news for inflation and eroding profit margins for the state side corporations.
Nothing a little birth death cannot repair however.
Just so I understand this correctly, if the labor participation rate was 0%, would the unemployment rate then be 0%?
You got it upside down -- it would be100%
#DIV/0
In a sensational interview President Barack Obama provided some deep insight into the monetary system: "The dollar is just an illusion" - the US currency was actually not worth anything.
Specifically, Obama explained that the trigger for the financial crisis - the subprime crisis - wasn't actually a US-specific problem, but was a problem of the monetary system itself. This system involved compound interest effects that caused more and more debt, which in turn made it necessary to search for ever more debtors. The logical consequence therefore was that even people who were not credit-worthy were being lent huge amounts of dollars. Literally, Obama said: "Our money is an illusion."
http://www.mmnews.de/index.php/english-news/7593-obama-dollar-just-an-il...
April 1st . . .
Can someone clarify the Birth/Death adjustment? It's something to do with new business filings, right?
They literally just conjure up a number to creation the illusion of improvement.
Sweep the leg and put reality in a bodybag Johnny.
It's a number they create to signify the amount of new businesses born and how many old businesses have died off. Of course the number magically gets higher and higher every month.
Bear markets are born on the euphoria of wonderful news, just as this "bulls*T" market was born on the backs of the despair of financial Armageddon. That we have rallied to post-2008 highs on no volume, ignoring weak datapoints along the way, and now continue to rally on a cosmetically appealing datapoint tells me that the "egg is hatched" for the next bear phase, if not the baby already born.
More irrelevant economic data.
Not an April's Fool, sadly.
Turd is first in line for crow soup ...........
April 1, 20011
You honestly think that QE is going to end? You clearly don't understand the conundrum this economy is in. QE ends - higher rates - higher private/public interest costs - more borrowing - higher rates. In the case of the treasury market, this could mean a couple hundred basis points higher just as an innitial response. Given that the fed is taking down a trillion of issuance a year now, one has to wonder what rates will be without that type of fake demand. Maybe QE will "end" for a couple months, only to be started again in response to the market crash that will precipitously follow.
it wouldn't surprise me in the least for silver and gold to reverse today and set new all time highs. probably won't happen. but given the economic state of affairs in the usa anything is possible.
You go ahead and bet your life on QE ending.
You are such a jealous little shit, you know that?
Over the last 12 months the population grew by an average 153,000 per month....employment grew on average 76,000 per month.....the labor force declined an average 41,000 per month.....not in the labor force increase by 194,000 per month.
And where in there is any good news?
Look's like one HUGE H & S top. Wonder where we will base?
How long before they send out death squads to enhance the decline in the participation rate? Its everyone's patriotic duty to resign and not look for a job and quietly starve themselves to death or join the crew at Fukushima Daiichi.
Obamacare
People who rely on these periodic NFP annoucements to divine the path of "progress" of our economy are foolish.
What is the driver of any new employment right now? There is nothing. Best you can hope for is stasis, and measure some amount of fluctuations around that point. That is all that is going on. Oil going up will diminish margins and funds for job creation. Stagflation.
I'm in agreement with Zeppelin on this, you can look around you and see that nothing is happening. I see countless rent / lease / sale signs and empty buildings, some with weeds around them from last year. We're going nowhere.
We rely too much on something that's provided by a bureau whose only incentive is to make the chief executive look better...and perhaps pacify the masses who don't see beyond the number to the underlying participation rate etc.
Another slightly skewed chart. Where is the baby boomer adjusted calculations?
Of the total 239 million possible people, the growth from 2000 to today, is around 11-12%. But for ages 16-60, the growth was 9%, and 60 and over, 19%. Most of the growth is the baby boomer esntering the 60 and over.
This can be confirmed by the number of people not in the labor force. Of the 85 million not in labor force, almost 50% is from the ages 60+. http://www.bls.gov/web/empsit/cpseea13.pdf
Apply that by the percentage of workforce 16 and over, the 60 and over sub-group gained 2% on the potential work force. So of the 3% drop shown on the chart, around 2% was probably on the 60 and over category.
Now the question is, of the 60+, how many are retiring when they wanted or instead are retiring early and taking SS or pension as soon as possible? And how does this affect SS and pensions? Even worse, what happens in 10-15 years when many personal retirement funds dry up due to entering retirement early? I'm guessing a 50% increase in Medicaid, breaking the $1 trillion mark by 2020-2025.
Not to discount the baby boomers, but long term jobs are in the 16-60 range, where the participation rate probably has declined closer to the .5% to 1% range.