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Participation Rate Rebounds From 36 Year Low, Only 92.4 Million Americans Not In Labor Force
Following last month's total collapse in the participation rate, dropping to 36 year lows, this month there was a modest improvement in the composition of the labor force, with the Household Survey suggesting the ranks of the Employed rose by 683K people, while the Unemployed actually declined by 267K, leading to a drop of the people not in the labor force to 92.378MM from 92.584MM. In other words, a little over 101 million Americans are unemployed or out of the labor force. Still, if only looking at this metric, the Fed would likely have no choice but to proceed with a rate hike in the first half of 2015.
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Only 92.4 Million Americans Not In Labor Force
Hey.....pretty good......huh?
No worries....with amnestyTM.....we'll be back at record levels in no time.
So we are in a recovery.. knew it
Layoff / Closing List: http://www.dailyjobcuts.com
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We are WINNING now!
If it gets much better the bankster suicide rate might even begin to level off, or even decline /sarc
Rate hike??? Yeah sure!...We've seen this movie a hundred times. Two weeks before the "assumed" rate hike we will get a big dose of bad news that will be explained to us by CNBC's talking blowhards - Minutes come out, "Fed Yellen says waiting is prudent, inflation in check". SNORE!!!
Oxford University economic study released stating automation will eliminate 75 MILLION+ JOBS in U.S. by 2035, bitchez .
http://www.leaderpost.com/technology/future+without+work/10357216/story....
A future without work?
Machines may soon take over half of today's jobs
"Tinkerine Studios' loft-like space in central Vancouver seems innocent enough.
Part hip startup, part modern hobby shop, its minimal work stations and fresh white walls contrast with the candy-coloured plastic trinkets lining the shelves, each one produced by Tinkerine's marquee product: a line of 3D printers.
For those who haven't seen the process in action, 3D printing can be a hard concept to grasp. Taking a virtual design and making it physical at the touch of a button still seems like something out of science fiction. Up close and personal, however, it's much less mysterious. In fact, it's kind of cute.
Each sleek little machine hums a wheezy little tune as it sucks bright plastic filament off a spool, heats it up and pumps it through a nozzle - sort of like a hot-glue gun - adding layer upon layer until - voila - you have a thing! An iPhone case, a vase, a scale model of the Eiffel Tower: these are just some of the items they can produce.
"At the end of the day, we're really here to make a product or tool that allows anybody to do anything they want with it," says Eugene Suyu, Tinkerine's 25-year-old founder. "The sky's really the limit for the end user."
Right now, that's mostly design geeks and small businesses looking for a means to produce cheap and easy prototypes, but Suyu has his sights set on a much larger market.
"These units will eventually trickle into homes," he says.
He's probably right. Like the Internet in its early days, 3D printing seems niche and esoteric now, but the technology seems destined for ubiquity just as soon as the kinks get worked out and we all learn how to use it.
When that happens, a lot of people are going to be out of a job.
***Add that to steady advancements in computing technology that put nearly half of today's jobs at risk for automation, according to a recent Oxford University study, and you have a massive societal shift on your hands.***"
PLEASE DO NOT WORRY.
Close to the same number of people who supposedly didn't vote.
It's only cause 206,000 working age people died from Ebola!
D'oh!
BULL[I][SH][IT]
Lies, damn lies, motherf'g lies!
Who cares...they don't hire political hacks at 8 figures do they!
What is a rate hike? We are going to ZERO and staying there FOREVER!
REMINDER
This is a SURVEY, not live data feed.
And yes. Russian tanks crossing ukraine matters a lot.
Tanks? You're velcome!!
to give you an idea the population of UK is 63 Million
Thanks for the factoid sunshine.....I'm sure we all feel just a little better now.
Yeah, go ahead and raise rates. See what happens.
Fuck, let's raise them Monday morning. What are we waiting for??????
If we're recovered, then raise the rates, or shut the fuck up.
this is what the gaw-mant reports, so we should expect it to be much worse
labor participation increase - the world calls bullshit!!!
"Stocks will double this decade: Baron" - Do they mean by 2020? If so, that is in line with my thinking!!
I talk for a living work sucks.
Who needs a works force when there are so many ways to game the system and the world seems dead set on supporting our fat sorry asses. Our work force is in China and other third world countries, until the time comes when we are the third world country supporting their fat sorry asses. Which, by the way, is coming sooner than we think.
They dont have fat asses yet. Its gonna take a bit longer.
Get high fructose corn syrup, processed flour, poly-unsaturated fats and some GMO chicken to China stat. And some MSG for added flavor. We'll have them rice-eatin' sons of bitches porked out like a Christmas ham or steriods in no time.
this too is bullish :sigh:
I have a hint of a question in my mind, not sure really how to say it - what is the truth here, what's really going on? Is this just the new normal or is this the beginning of a sea change? After reading more Sharyl Atkinson interviews, I am struck dumb with the extent of disdain our admin feels for us - they're not even trying to hide it any more. C-Span in a 4 year drout of information from the White House because they wouldn't play ball? WTF? C-SPAN? Just venting.
Sharyl Attkinson....the last reporter.
I keep waiting for Redford and Hoffman to get back together and re-do All The President's Folks - it practically writes itself.
Keep waiting.
It just isn't hip in Commiewood to attack the cool Negro.
So, this is bad news then? Confusing. Also, the Fed will never raise rates.
Bad is good, up is down......you just kinda have to twist your thinking.
With corporations and banks posting record profits, the high productivity shows that we don't need these people in the workforce.
We have created a new leisure class.
This means that America still leads the way in social innovation.
The labor force participation rate is often misrepresented. See here- what the labor force participation rate means.
Thank you for the link to the White House / DNC talking points. Chock full of specious arguments I see.
ok population 315 mill... 92 mill wont participate..... 140 mill are under 16 and over 65...
this leaves 83 million americans that actually work.. Of this 83 million I'd bet less than half make enough to pay taxes... Feels like 25 to 30 million propping up everyone
Welcome to Mexico! Please secure your valuables,and carry identification with you at all times so that your remains can be claimed by your family in the event that you meet with Foul Play.Enjoy your stay!
So, now we found the excess in the seasonal adjustment for the 18 to 24 year olds.
Those estimates can be so tricky.