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Americans Not In The Labor Force Soar To Record 93.2 Million As Participation Rate Drops To February 1978 Levels

Tyler Durden's picture




 

So much for yet another "above consensus" recovery, and what's worse it is, well, about to get even worse, because while the Fed keeps baning some illusory drum that slack in the economy is almost non-existent, the reality is that in March the number of people who dropped out of the labor force rose by yet another 277K, up 2.1 million in the past year, and has reached a record 93.175 million.

Indicatively, this means that the labor force participation rate dropped once more, from 62.8% to 62.7%, a level seen back in February 1978, even as the BLS reported that the entire labor force actually declined for the second consecutive month, down almost 100K in March to 156,906.

 

Why is this important? Because as long as the true employment rate, that of the civilian employment to total population, remains at depression levels, there will be no incrases in average hourly earnings.

 

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Fri, 04/03/2015 - 09:02 | 5955361 JPMorgan
JPMorgan's picture

Working is overated.

Fri, 04/03/2015 - 09:04 | 5955365 GetZeeGold
GetZeeGold's picture

 

 

I was alive in 1978.....it sucked.

 

Now I get to do it again.....lucky me.

Fri, 04/03/2015 - 09:06 | 5955371 Shocker
Shocker's picture

Again, every month the number just seem to go up and up.

Can't call this a recovery

http://www.dailyjobcuts.com

,

 

Fri, 04/03/2015 - 09:07 | 5955380 Macchendra
Macchendra's picture

Winning the war on "unemployment". (By waging a war of attrition, lol.)

Fri, 04/03/2015 - 09:23 | 5955454 MalteseFalcon
MalteseFalcon's picture

What is this?

Unemployment rate is way down since 2010.

Oh, yes it is.

Just look @ the #!!

Get a job!!

Fri, 04/03/2015 - 09:23 | 5955456 Handful of Dust
Handful of Dust's picture

Work makes my head hurt.

Fri, 04/03/2015 - 09:44 | 5955547 Creepy A. Cracker
Creepy A. Cracker's picture

Fewer jobs and more free time for everyone!  Thanks Dear Leader Obama!!!

Fri, 04/03/2015 - 09:52 | 5955578 new game
new game's picture

beaners galore, will work for less than skillset value BECAUSE we are moar numerous than jobs available due to the corporation outsourcing manufacturing to lowest common labor cost and mexico is way worse...

Fri, 04/03/2015 - 10:24 | 5955675 Publicus
Publicus's picture

Stay home moms are coming back!

Fri, 04/03/2015 - 10:45 | 5955754 Dr. Richard Head
Dr. Richard Head's picture

Talked to a hedge fund manager on a gondola ride up to the peak of Killington.  He said the number of people not employed,as a direct result of Fed funny money, is "Absolutely great!!!"  I shit you not.  Those guys have no soul. 

Fri, 04/03/2015 - 11:02 | 5955818 whotookmyalias
whotookmyalias's picture

Back to the Carter years. This will turn out well.

Fri, 04/03/2015 - 11:22 | 5955914 rbg81
rbg81's picture

Carter must be estatic because Obama is making hiim look like a fucking genius.    The only thing that worries me is eventually we'll get a President who makes Obama look good. Shudder.

Fri, 04/03/2015 - 11:29 | 5955937 pods
pods's picture

We will, and a lot sooner than we all hope.  Wait till we get to the guy who actually says that SS and Medicare cannot possibly pay out the $120 trillion in future benefits.

pods

Fri, 04/03/2015 - 12:14 | 5956067 jbvtme
jbvtme's picture

1978...i was driving at 10:30 pm in podunk massachusetts on the way to the cape.  case of heinekin in the back seat freshly cracked.  ounce of bud in the glovey and a gram of coke over the visor.  we show a local cop car our tail lights at 30 over and soon we're at the side of the road in the confessional booth. license and reg he says with eyes and flashlights all around.  he sees the dope, beer but not the gram above.  "know how fast you were going"?   several contrite phrases later he hands me my papers and sends me on my way. "slow down and drive careful" he says.  not even a written warning.  i have to change my shorts every time i tell that story.  if it was now,  i'd be servicing a dozen prison gang members at the local for profit house of correction.  if i was lucky...

Fri, 04/03/2015 - 12:32 | 5956140 Temporalist
Temporalist's picture

Not necessarily.  Today they'll just beat you and take all your shit and may let you go...but definitely take all your shit and money.

Fri, 04/03/2015 - 14:21 | 5956528 Four chan
Four chan's picture

prison nation with militarized police.

Fri, 04/03/2015 - 14:52 | 5956654 847328_3527
847328_3527's picture

We unemployed some folks.

Fri, 04/03/2015 - 14:59 | 5956671 bob_stl
bob_stl's picture

So I guess this isn't because we're doing so well that mother's can again stay at home...

Fri, 04/03/2015 - 12:12 | 5956069 Alien 851
Alien 851's picture

"Idiocracy" is now reality...Look for President Camacho in 2020 to bring your worries to fruition....

Fri, 04/03/2015 - 13:04 | 5956217 cherry picker
cherry picker's picture

Hitlery is coming to the rescue.

She will make the golfer in chief look like an Abe Lincoln.

Glad I don't live there. :)

Fri, 04/03/2015 - 12:31 | 5956135 NoVa
NoVa's picture

Since Carter TM 

 

NoVa

Fri, 04/03/2015 - 12:55 | 5956183 Temporalist
Temporalist's picture

We unparticipated some laborers.

Fri, 04/03/2015 - 12:45 | 5956166 chunga
chunga's picture

The QE effect on main street seems to have made regular people with decent jobs obsolete.

In hedge fund manager parlance that's probably called something catchy like "synergy".

 

Fri, 04/03/2015 - 15:32 | 5956752 Nobody For President
Nobody For President's picture

On the other hand, Dick head, at the risk of lla bunch ofd down arrows, what the fuck were you doing on "a gondola ride up to the peak of Killiington"?

When I was in college, the rich kids all went off to ski on the breaks in winter - I stayed and worked. Killington, last time I looked, Killington was a ski resort:

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF...

Although lift ticket prices are still reasonable, albiet for a east coat 'mountain' that is a hill on the west coast.

So fuck you so feeling so superior to the hedge fund manger - you are fucking priveliged enough  to go skiing, which is a very up-scale entertainment. 

Next post, put down the rednecks that ride snowmobiles. 

Anybody can lack souls... 

 

Fri, 04/03/2015 - 10:49 | 5955764 realmoney2015
realmoney2015's picture

That's exactly right. That makes these numbers even worse. Women weren't in the work force like they are today. 

On a realted note, this is why they pushed so hard for women's rights. They wanted them in the work force to hide the inflation theft by the Fed. One man, who wasn't college educated, could provide for his family and still save up for retiremnet. Now college educted couples work themselves to the grave....or, of course, they just soak up the welfare and steal from our future generations. 

Instead of leaving our children and grand children with debt, we should leave them with wealth. Real estate and precious metals are a great way to ensure the wealth is preserved. Personally, I am giving these candles with silver coins as gifts for Easter: https://www.etsy.com/shop/ScentSavers

 

Fri, 04/03/2015 - 13:27 | 5956301 doctor10
doctor10's picture

The process is called "asset-stripping"

In Europe and the USA it works as follows

Income taxation and the IRS reporting requirements provide the road map; targeted tax increases and regulation provide the mechanisms of extraction. 

When vote time comes the immigrations gates are opened to drown the native opposition to being raped yet again

Rinse Repeat

 

The guys enabling it all make out pretty good

 

Fri, 04/03/2015 - 12:48 | 5956172 booboo
booboo's picture

Mom (or Dad) needs to stay home and raise her brood instead of outsourcing. The whole working mom meme was spawned by the bankers to compensate for inflation and the proles bought it hook line and sinker and even defended their own prolonged ass fucking. America fuck yea!

Fri, 04/03/2015 - 10:43 | 5955742 foodstampbarry
foodstampbarry's picture

More free time living in moms basement, jerking off to internet porn and eating stale cheetos underneath couch cushions. Hope and change bitchez!

Fri, 04/03/2015 - 11:15 | 5955871 813kml
813kml's picture

Mom's basement, aka the bitcoin salt mines.

Fri, 04/03/2015 - 12:44 | 5956161 Miffed Microbio...
Miffed Microbiologist's picture

I think moms basement will eventually morph into a cosy encampment under a freeway ramp.

Miffed

Fri, 04/03/2015 - 12:46 | 5956169 813kml
813kml's picture

As long as the overpass has wifi today's youth will be good to go.

Fri, 04/03/2015 - 15:03 | 5956686 Miffed Microbio...
Miffed Microbiologist's picture

I think you may have stumbled on the key to the revolution's unfolding.

Miffed

Sat, 04/04/2015 - 10:51 | 5958533 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

.."If you like your underpass"....

I imagine that was a lie as well.

 

Fri, 04/03/2015 - 21:24 | 5957782 readmylips
readmylips's picture

works makes me not get tha free money.

[rolls over and goes back to sleep]

Fri, 04/03/2015 - 16:21 | 5956897 analyzer_66
analyzer_66's picture

you can have your job and keep it too,. its the "living wage" part that most modern jobs cant supply

Fri, 04/03/2015 - 10:48 | 5955761 de3de8
de3de8's picture

This is why they can't mandate a digital currency as many of these people part of the underground cash economy.

Fri, 04/03/2015 - 11:50 | 5955990 TheGreatRecovery
TheGreatRecovery's picture

May we call it "the GREAT recovery"?  :^)

Fri, 04/03/2015 - 13:21 | 5956280 Son of Loki
Son of Loki's picture

No you may not. It's labelled, "The Robust Rekovery" according to Barry.

Fri, 04/03/2015 - 09:14 | 5955410 Mitch Comestein
Mitch Comestein's picture

ME TOO!  MY PARENTS PAID FOR EVERYTHING.  IT WAS GREAT!

Fri, 04/03/2015 - 09:18 | 5955431 thinkmoretalkless
thinkmoretalkless's picture

Those days are back! At least they are not living in the basement.......yet

Fri, 04/03/2015 - 09:21 | 5955435 GetZeeGold
GetZeeGold's picture

 

 

I remember buying silver back then....my parents looked at me like I was crazy.

 

I was like.....just two more years.....you'll see. Then we dump it and run like hell.

Fri, 04/03/2015 - 09:21 | 5955446 NoVa
NoVa's picture

listening to one of the most under-rated rock bands = Be Bop Deluxe

Bill Nelson is one of the greatest guitar player singer songwriters EVA

 

Fri, 04/03/2015 - 09:27 | 5955477 headhunt
headhunt's picture

Way ahead of me, I was working two jobs so i could afford to help my parents AND party.

Fri, 04/03/2015 - 09:17 | 5955426 grunk
grunk's picture

Does this mean disco makes a comeback?

Fri, 04/03/2015 - 09:36 | 5955508 PirateOfBaltimore
Fri, 04/03/2015 - 14:31 | 5956572 Buckaroo Banzai
Buckaroo Banzai's picture

Disco is fucking awesome compared to popular "music" today. Can you imagine exposing somebody from 1977 to the autotuned shit-sandwich that passes for music today? You would get punched in the face.

Fri, 04/03/2015 - 22:15 | 5957854 Milestones
Milestones's picture

Better!! Go back to 57 and dig Parker, Miles, Getz, Coltrane,, amhad Jamal Basie Kenton, Ella Sarah, Sinatra. Only thing I heard inthe last 20 is Quincy doing was "Juke Joint"           Milestones

Fri, 04/03/2015 - 09:20 | 5955440 Captain Willard
Captain Willard's picture

The BeeGees "Stayin' Alive" was the #1 song ....... so yeah, that part sucked.

We had cheap, stinky weed and expensive gas. But at least we were young. And we were in the fucking labor force too, I might add.

 

Fri, 04/03/2015 - 09:23 | 5955455 FreeShitter
FreeShitter's picture

And the women were thin, feminine, and tattooless.

Fri, 04/03/2015 - 09:39 | 5955523 Janice
Janice's picture

And the men were strong from all the manual labor. The cars were fast.

Fri, 04/03/2015 - 09:50 | 5955575 Oldwood
Oldwood's picture

And LOUD!

Fri, 04/03/2015 - 11:05 | 5955826 BrokusDickusMaximus
BrokusDickusMaximus's picture

My older brother had a '70 Cuda and I was rockin' a '74 Honda CB 175. Damn good times. Brother was in the Airforce at Tyndall AFB and I was farm labor outside Tallahassee. Only white boy working. I got to drive the tractor. $20.00 a day. I was loaded!!

Fri, 04/03/2015 - 11:14 | 5955869 Bunghole
Bunghole's picture

Cars were shit in the late 70's.  CAFE standards started in 1978.

Ford Mustang II

Plymouth Arrow

AMC Pacer

I think the only decent car of '78 was the Porsche 928

Fri, 04/03/2015 - 11:35 | 5955959 thinkmoretalkless
thinkmoretalkless's picture

Who could afford at new car in 1978....not someone who wanted the power...I drove a 69 Catalina with the 400 in it. Convertible to boot.

Fri, 04/03/2015 - 12:54 | 5956182 Bay of Pigs
Bay of Pigs's picture

I bought my first car in 1978...a Honda CVCC hatchback Civic for $4500. Brand new. Cash.

Drove that thing for 13 years until the engine blew up.

Fri, 04/03/2015 - 13:10 | 5956243 A Nanny Moose
A Nanny Moose's picture

Nice!

Fri, 04/03/2015 - 13:24 | 5956290 Son of Loki
Son of Loki's picture

1978!?

 

My dad, Father Loki, still palys his old LPs from that ancient epoch: Ten years After, Roxanne, Cheap Trick, etc.

 

Drives Mom crazy.

Fri, 04/03/2015 - 14:17 | 5956507 More Ammo
More Ammo's picture

Me too.  12 mpg @$0.52

Fri, 04/03/2015 - 14:22 | 5956530 Senseless Urina...
Senseless Urinal Cake's picture

BH +1

 

Had a '87 and a '91, Tony Lupine was a god and Ferdinand considered him a son. Everyone else in Stuttgart despised him.

You could turn off every interior light including the dash and when driving on the highway fast at night it was like being

in a flying saucer.  Whereas the 911 would soon enough kill you in a hard turn the answer always in the Landshark was more gas.

Thanks for reminding of all the nice times in the those cars.

Fri, 04/03/2015 - 14:33 | 5956579 GeezerGeek
GeezerGeek's picture

Hey, don't know the Plymouth Arrow. It was brought to us by the same folks that built the Mitsubishi Zero in the early 1940s. Knew a guy who had an Arrow. The license plate read "Zeke". Few understood.

Fri, 04/03/2015 - 13:09 | 5956238 A Nanny Moose
A Nanny Moose's picture

By 78 the fast cars were all watered down with smog shit, and coporate engines. Pontiacs used Olds, Buick and Chevy motors. We had Pinto's, Mustang II's, and the Chevy Monza, and the AMC Pacer.

Fri, 04/03/2015 - 12:14 | 5956060 thinkmoretalkless
thinkmoretalkless's picture

Women were also prescient....they supported Bush

Fri, 04/03/2015 - 09:24 | 5955457 NoVa
NoVa's picture

78 was a great year for music.  

Pretenders, Ramones, Sex Pistols, Talking Heads, etc...

Steely Dan, Fleetwood Mac, etc...

Fri, 04/03/2015 - 09:45 | 5955548 chunga
chunga's picture

I think in 1977 David Allan Coe wrote this song that might be a good way to describe the labor participation rate bullshit.

TAKE THIS JOB AND SHOVE IT

https://www.youtube.com/watch?v=TOIdsM8FrIk

Fri, 04/03/2015 - 09:56 | 5955591 new game
new game's picture

1/93,199,999 aprox, ha. yup, I am being counted. unemployeed, college degreed, common sense,40 plus years experience, BUT NO DECENT PAYING JOBS. tons of shit jobs thou...

i'm guessing 1 good job per 100 qualified potential applicants.

fucked up dude.

apathy runs wild, ha...

Fri, 04/03/2015 - 10:26 | 5955683 chunga
chunga's picture

The "Information Age" has transformed into the "Fraud Age"!

It's an awesome American Renaissance happening 29.5 hours at a time if you're lucky. 

Naw, that's being negative...there are plenty of reasons to be optimistic about the future. Let's make a list!

Wait lemme think...ok you go first.

Fri, 04/03/2015 - 11:25 | 5955924 Bunghole
Bunghole's picture

Rush's Hemispheres

Fri, 04/03/2015 - 13:00 | 5956200 Bay of Pigs
Bay of Pigs's picture

Lynyrd Skynyrd, the Stones, Ted Nugent, Journey, Boston, Bob Seger, the Cars...

Lots of good bands back then.

Fri, 04/03/2015 - 09:36 | 5955509 thinkmoretalkless
thinkmoretalkless's picture

Yeah...you could afford the stuff because you didn't have a cell phone bill....and health insurances? That was for old people. Getting on an airplane wasn't like going to visit someone in the state penitentiary. You might be able to fix your own car at the very least maintain it. Occasionally you ran across real silver in your change and you weren't constantly judge as judging too much. "Mind your own business" was still an acceptable reply.

Fri, 04/03/2015 - 11:08 | 5955837 Me.Grimlock
Me.Grimlock's picture

"Mind your own business" is still a common refrain heard from my mouth in response to nosy assholes.

Fri, 04/03/2015 - 11:39 | 5955967 thinkmoretalkless
thinkmoretalkless's picture

We need to bring it back BIG TIME! "Sharing" was something you did in Kindergarten.

Fri, 04/03/2015 - 11:27 | 5955930 rbg81
rbg81's picture

I used to hate the Seventies but the older I get, the better it seems.  Seventies retro is cool again--even disco (kinda, sorta).  Aside from cappy American TV sets and the energy crisis, things weren't too bad.  Best of all, you actually got decent interest on your savings, even if mortgage rates went to the moon.

Despite all the technology at their fingertips, I really feel sorry for kids today.

Fri, 04/03/2015 - 10:58 | 5955804 drendebe10
drendebe10's picture

yup..... the incompetent pathologically lying fudgepacker sure is doing a good job... now time for a round of golf at the sucker tax paying US citizen serfs and peasants expense... 

Fri, 04/03/2015 - 12:08 | 5956051 Overpowered By Funk
Overpowered By Funk's picture

'78 was cool. Stones last good album, Elvis was either dead or alive, and you could still see a full bush in Playboy.

Fri, 04/03/2015 - 14:10 | 5956475 More Ammo
More Ammo's picture

Graduated  High School in 78 and was ignorant of how bad it was going to get even though my daddy warned me about  all this. Now it's more guns and ammo like he said.  How did he know?

Fri, 04/03/2015 - 15:20 | 5956716 InflammatoryResponse
InflammatoryResponse's picture

no kidding.

 

 

Fri, 04/03/2015 - 15:28 | 5956743 PGR88
PGR88's picture

C'mon.  You're a Journey fan.  Admit it.

Fri, 04/03/2015 - 19:08 | 5957452 Tek Kinkreet
Tek Kinkreet's picture

Music was pretty good.

Fri, 04/03/2015 - 21:00 | 5957725 Obchelli
Obchelli's picture

But music was good

Fri, 04/03/2015 - 09:24 | 5955458 Captain Willard
Captain Willard's picture

70 million of your fellow Americans would appear to agree!

Fri, 04/03/2015 - 10:27 | 5955688 LawsofPhysics
LawsofPhysics's picture

Why would anyone work when money is "free"....?  (zero interest rate policies and QE)

 

 

Fri, 04/03/2015 - 13:43 | 5956367 TheReplacement
TheReplacement's picture

So too, apparently, is sllep ckeching teh atriclse no herozeged.

Fri, 04/03/2015 - 13:55 | 5956420 Jumbotron
Jumbotron's picture

Long illegal aliens and Skynet

Fri, 04/03/2015 - 09:03 | 5955364 franciscopendergrass
franciscopendergrass's picture

I wonder when unemployment claims start rising when the shale debacle finally rears its head in the employnent numbers

Fri, 04/03/2015 - 09:25 | 5955467 mayhem_korner
mayhem_korner's picture

 

 

There is no "unemployment."  There is only "not in the labor force." 

Fri, 04/03/2015 - 09:54 | 5955583 Oldwood
Oldwood's picture

I don't understand all of the grief!

This is obviously GREAT news. We are becoming increasingly so wealthy that we don't need to work anymore.

We are WINNING!!!

And getting thinner due to our new, more progressive, limited diet.

Fri, 04/03/2015 - 10:20 | 5955668 NeedtoSecede
NeedtoSecede's picture

I live close enough to some of the major oil and gas plays in the US to see this shitstorm firsthand, and the avalanche of layoffs is just getting started here.  My boy sells industrial supplies, and he is seeing some serious clouds on the horizon for the oil patch and the rest of the regional economy.  But of course, the only place you will hear this "bad" news is on ZH and few other places around the interwebs.

 

But the good news is that we have Cankles and Change (or is that Hope and Cankles) coming in 2016 so everything will be fine...

Fri, 04/03/2015 - 10:26 | 5955680 thinkmoretalkless
thinkmoretalkless's picture

Back to the Future. They will have to roll her into the WH, that gurney will need a good suspension.

Fri, 04/03/2015 - 11:00 | 5955811 drendebe10
drendebe10's picture

.... the country needs another clinton or bush as much as it needs another term with the fudgepacker....  but don't hold your breath... the latter may be coming when the fudgepacker declares martial law before the election...

Fri, 04/03/2015 - 11:19 | 5955892 pods
pods's picture

Why would they ever do something dumb like cancel elections?

Elections are the perfect cover for ruling.  Whoever gets in is owned, and the people can get their "democracy" good and hard.  

When people start to get upset, you tell them to "get out and vote."

Mandatory elections coming before you ever see them cancelled.

pods

Fri, 04/03/2015 - 11:24 | 5955920 j0nx
j0nx's picture

Yeah we get to vote for THEIR candidates. Winning!

Fri, 04/03/2015 - 11:58 | 5956022 Farqued Up
Farqued Up's picture

Good call, pods. Mandatory voting is on the way, after all, it was our fault that things are screwed.

Sat, 04/04/2015 - 11:01 | 5958553 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Lot's of forward thinking countries boast of 100% voting today, why should we remain stuck in the ditch of the past?

Forward Comrades..

Fri, 04/03/2015 - 09:05 | 5955370 sleigher
sleigher's picture

 Is this going to force the obama admin to start telling the truth about jobs in this country?   HAHAHA  as if...

Fri, 04/03/2015 - 09:05 | 5955372 monopoly
monopoly's picture

And the gold, silver markets are closed till Sunday. Should be an interesting week for us here. Recovery, sure, you bet...for the top 5%. For the rest of us, one giant, ill conceived House of Cards.

Fri, 04/03/2015 - 09:21 | 5955447 thinkmoretalkless
thinkmoretalkless's picture

Yeah trash the Christians all week....but if it means a day off...well we must be respectful.

Fri, 04/03/2015 - 09:36 | 5955510 PirateOfBaltimore
PirateOfBaltimore's picture

I'll be enjoying a variety of meats today.

Fri, 04/03/2015 - 10:34 | 5955531 GetZeeGold
GetZeeGold's picture

 

 

 

Yeah trash the Christians all week


Go ahead and trash us MSM.

 

Half a million in one day.....do you think you have this much support?

http://www.gofundme.com/memoriespizza

 

Raised by 17,566 people in 1 day

Quick note to the MSM.....we surround you! No screaming, no rioting, no burning down buildings, no celebrities, just action.

 

Fri, 04/03/2015 - 12:08 | 5956048 Farqued Up
Farqued Up's picture

First Sunday after the first full moon after the Spring Equinox. What's the moon got to to do with Easter? Apparently everything since the Jesus people horned in on their lunar holiday celebrating Easter Fertility, flowers blooming, Easter rabbits breeding, Easter Eggs for reproduction. The Easter Fed printing, gee, people will buy in on anything.

Count back 45(?) days will get you back to Ash Wednesday, and the day before that is the reason all Mardi Gras drunks learn these silly calculations. Most calendars do not show Fat Tuesday. Piss poor planning kills, gotta be ready! 

Fri, 04/03/2015 - 09:07 | 5955379 Snoopy the Economist
Snoopy the Economist's picture

Why work a low wage job with no benefits when you can go on disability or welfare and collect food stamps and free medical? With greater than 50% of muricans now collecting some form of guv check every month what could go wrong?

Fri, 04/03/2015 - 09:12 | 5955400 RaceToTheBottom
RaceToTheBottom's picture

I think France ran into this in the last twenty years.  I think they responded to it by reducing the amount of hours a person could work to 35 or so.  Wonder what would happen if that was done in the US?  Implications on Healthcare?

Fri, 04/03/2015 - 10:42 | 5955741 BeerMe
BeerMe's picture

And I suppose I would still be working 60 or so as a business owner.

Fri, 04/03/2015 - 14:46 | 5956630 GeezerGeek
GeezerGeek's picture

To improve morale, working hours will be reduced from 29.5 to 35 per week. And just to show we want workers to be happy, weekly pay will be kept constant.

Fri, 04/03/2015 - 09:13 | 5955402 Philo Beddoe
Philo Beddoe's picture

They want us all to be neutered indoor cats. Live a long shitty stretched out existence to never enjoy the life that is outside the living room window. 

Fri, 04/03/2015 - 09:16 | 5955422 FreeShitter
FreeShitter's picture

Beats being in jail at least.

Fri, 04/03/2015 - 11:05 | 5955825 WOAR
WOAR's picture

How so?

A dog with an electric shock collar is just as caged as the one with a fence.

Fri, 04/03/2015 - 12:40 | 5956156 Temporalist
Temporalist's picture

I'm the most liberated slave on the plantation!

Sat, 04/04/2015 - 11:04 | 5958560 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Well for one thing you don't share a room with.. ah, well forget that.

Fri, 04/03/2015 - 09:26 | 5955470 franciscopendergrass
franciscopendergrass's picture

Im an indoor neutered cat.  I take offense to that

Fri, 04/03/2015 - 09:26 | 5955471 franciscopendergrass
franciscopendergrass's picture

Im an indoor neutered cat.  I take offense to that

Fri, 04/03/2015 - 10:00 | 5955600 Oldwood
Oldwood's picture

Free range chicken versus living in the farmers coup.

Fri, 04/03/2015 - 14:54 | 5956657 GeezerGeek
GeezerGeek's picture

Life outside that "long shitty stretched out existence" is nasty, brutish and short. Lots of humans don't want to deal with that, and worse, probably can't.

Fri, 04/03/2015 - 09:58 | 5955595 Oldwood
Oldwood's picture

And that is your minimum wage. Benefits and entitlements are the real minimum wage as they directly compete with wages. We have no idea what the true costs of anything are today as the government has woven itself into every financial consideration. We have no idea how much of everything we buy is taxes and other government mandated expenses.

Fri, 04/03/2015 - 10:27 | 5955691 Philo Beddoe
Philo Beddoe's picture

And that is your minimum wage. Benefits and entitlements are the real minimum wage as they directly compete with wages.

I have never read that premise stated so eloquently. Can you be my economist? 

Fri, 04/03/2015 - 09:07 | 5955381 corporatewhore
corporatewhore's picture

why then do we keep electing the same creeps every single election?

Fri, 04/03/2015 - 09:16 | 5955405 Chupacabra-322
Chupacabra-322's picture

Whore please. Electing? No one is "elected." These Criminal Pure Evil Psychopaths are Selected.

Fri, 04/03/2015 - 09:19 | 5955424 FreeShitter
FreeShitter's picture

+100 ..lol @ "elected still"..damn you sheeple (whore im looking at you bruh) are an amazing species all your own.

Fri, 04/03/2015 - 09:32 | 5955489 corporatewhore
corporatewhore's picture

Concur.

Used the tem electing to use common parlance.  Selected it is.  How else could you get Jeb or HRH Hillary.

But on the local level sometimes it's even worse.  Called my local congress critter.  A Republican Suburban Housewife.  Couldn't be bothered with riff raff like me.  What she talks about are ISSUES, important only to her and her ilk, like gay crap (who cares if they want to get married and suffer the same hell most heteros do) or edumacation standards in our public schools (like paying school administrators almost 400,000 as if they can solve what can't be solved).  Why do we put up with idiots like this in Congress?  All she's doing is accumulating cash to go shopping at Nieman's or Tiffany's.

Fri, 04/03/2015 - 09:59 | 5955597 weburke
weburke's picture

electronic  voting. proof was provided to all the congress, they did nothing. hope that doesnt ruin your day. you could watch/listen to something besides political news in your day and have more fun.

Fri, 04/03/2015 - 12:23 | 5956098 Farqued Up
Farqued Up's picture

The debate should be over the evils of ALL licensing, i.e., govt sanctioned activities.

Fri, 04/03/2015 - 10:19 | 5955665 LawsofPhysics
LawsofPhysics's picture

Bingo.  It takes a lot of fiat to get "elected" and in America all that fiat comes from a single source.

Fri, 04/03/2015 - 09:07 | 5955382 replaceme
replaceme's picture

Don't worry about this, I saw Obama talking about it on the interwebs - he says things are good, strong even. My cat's got ''scrip for pain post-ear surgery: I grind those up in my coffee, and sh*t seems double-plus good. DOUBLE PLUS.

Fri, 04/03/2015 - 09:18 | 5955432 NoVa
NoVa's picture

"...  and I just commuted the sentences of some base cocaine dealing folks...

Fri, 04/03/2015 - 09:27 | 5955468 Handful of Dust
Handful of Dust's picture

It's very "Robust" ... whatever he's talking about, it's very "Robust."

 

One-third of U.S. companies' first-quarter job cuts due to oil prices, report finds

 

http://www.bizjournals.com/houston/morning_call/2015/04/one-third-of-u-s...

Fri, 04/03/2015 - 09:39 | 5955525 headhunt
headhunt's picture

Pussy drugs

Fri, 04/03/2015 - 09:08 | 5955385 Callz d Ballz
Callz d Ballz's picture

Nothing to see here, move along.

Fri, 04/03/2015 - 09:09 | 5955386 NoDebt
NoDebt's picture

Jan Hatzius on CNBC this morning saying he doesn't believe this is some sort of secular stagnation in the economy.  <rolleyes>

Yeah, I'm sure HIS economy is doing just fine.  Everyone else... YMMV.

Fri, 04/03/2015 - 09:17 | 5955418 NoVa
NoVa's picture

Since Lehman TM   strikethrough

Since Carter TM 

 

Jimmy had his (actually ours) oil crisis, consequence of Nixon's removal of the gold standard and Arab world reaction to the rise of fiat.  

Now Obama has his own arab world crisis (again now ours) a direct result of his actions.

 

NoVa

Fri, 04/03/2015 - 09:09 | 5955388 Bearhug Bernanke
Bearhug Bernanke's picture

truly a brave new world!

Fri, 04/03/2015 - 09:10 | 5955392 Chupacabra-322
Chupacabra-322's picture

Considerable. Considering the Slave labor camp of the Criminal Fraud UNITED STATES CORP. INC. houses only 350 million Citizen Slaves.

Fri, 04/03/2015 - 09:11 | 5955393 sudzee
sudzee's picture

I remember the 70's as being a great time for families as 60% of mothers with children were able to stay home and still make ends meet. 

Fri, 04/03/2015 - 09:14 | 5955406 RaceToTheBottom
RaceToTheBottom's picture

We have gone fullcycle.  

Where is the Beavs?

Fri, 04/03/2015 - 09:13 | 5955404 cherry picker
cherry picker's picture

I was talking to a young fella about this yesterday, he is around 19.

He sees it coming too and he is not an economics expert.  He was layed off a few months ago and he knows what his friends and peers are going through.  He knows it will be tough later this year if he can't find work.

We are all in the same boat.  He and I were downtown and trying to find parking.  The don't even have parking attendants anymore, that is automated.  We parked on the street and when we returned, it was 2 hour parking and we were there for about 2 hours, .gov made sure we had a ticket, they want their money.

If you are not working in health care, social networks, .gov the future is uncertain and may seem bleak.

However, it will change one way or the other.

Fri, 04/03/2015 - 09:33 | 5955499 JMT
JMT's picture

Oh puleezse you two sound like a bunch of two elitist limosine liberal yuppies..  You drove 'downtown' and tryed to find parking??  The subway not good enough for you??  or even a cab??  You parked on the street?? The horror,  were the garages full??  people in Manhattan seem to all drive BMW's with the BMW from Manhattan license plate frame and park in garages (where they charge 18.25% tax)..  

Fri, 04/03/2015 - 09:47 | 5955559 madcows
madcows's picture

why do you double post everything?  you look like a technologically ignorant moron.

Fri, 04/03/2015 - 10:50 | 5955768 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Its a new form of computerized posting: The A-hole Bot.

Fri, 04/03/2015 - 09:33 | 5955500 JMT
JMT's picture

Oh puleezse you two sound like a bunch of two elitist limosine liberal yuppies..  You drove 'downtown' and tryed to find parking??  The subway not good enough for you??  or even a cab??  You parked on the street?? The horror,  were the garages full??  people in Manhattan seem to all drive BMW's with the BMW from Manhattan license plate frame and park in garages (where they charge 18.25% tax)..  

Fri, 04/03/2015 - 10:08 | 5955625 cherry picker
cherry picker's picture

You sound ill informed.

Not all cities have subways or decent public transportation and when you live in a rural area the only way other than walking 60 miles or horse back riding is by vehicle.

You obviously have never left your six square block of concrete jungle.

Fri, 04/03/2015 - 09:14 | 5955409 iofera
iofera's picture

Mark Zandi is a silly goose!

Fri, 04/03/2015 - 09:34 | 5955504 yogibear
yogibear's picture

Mark Zandi is a lying Moody's peice of crap pump monkey.

And Zandi has a PhD? Where did get it from? An online site?

Fri, 04/03/2015 - 12:45 | 5956164 Temporalist
Temporalist's picture

I got my degree from Keynesian Bullshit University online and you can too!

Fri, 04/03/2015 - 09:14 | 5955412 Savvy
Savvy's picture

But but but....  the BLS says unemployment rate is 5.1%

Fri, 04/03/2015 - 09:33 | 5955498 GetZeeGold
GetZeeGold's picture

 

 

They're referring to the lab sample......and that's true.

Fri, 04/03/2015 - 09:15 | 5955414 sTls7
sTls7's picture

I remember the 70's couldnt find a decent job even with my degree.

Fri, 04/03/2015 - 09:15 | 5955417 Ignorance is bliss
Ignorance is bliss's picture
"As Participation Rate Drops To February 1978 Levels"

Also in 1978:

The average new home was $54,800.

The average rent $260. 

The U.S. stops production of the Neuton bomb. (The one that wipes out people but leaves buildings...wink...wink)

The Cult leader Jim Jones instructed over 900 members of his church, "People's Temple", to commit suicide in Guyana

"Shadow Dancing" was the number one song from Andy Gibb

Ahhh....1978

Fri, 04/03/2015 - 09:22 | 5955449 NoDebt
NoDebt's picture

And we still had the Iran hostage crisis to look forward to the following year!

Fri, 04/03/2015 - 09:24 | 5955459 Chupacabra-322
Chupacabra-322's picture

Yankees were World Champs. Reggie! Reggie!

Fri, 04/03/2015 - 09:30 | 5955486 JMT
JMT's picture

The 'Average New Home' was not 4000 square feet with the tacky double story foyer & the even tackier 'double door entryway' for a couple or a family of two adults & one child,  the average person did not pay $150 a month for 'cell phone service', the average person did not pay $200 + for cable + internet 'bundle'. Going out for dinner once a month maybe NOT every night and now people ('Goto" or "get" dinner not eat dinner)...   and of course you didn't have 20 somethings driving the equivalent of todays BMW X5's or wearing $300 sneakers 

Fri, 04/03/2015 - 09:45 | 5955550 madcows
madcows's picture

yeah, I don't know that that is the average family.  There certainly is a lot of that going on, but there are just as many that are doing without.

we don't have cable.

we don't go out to eat, unless someone gives us a gift card.

certainly don't drive a BMW.  we drive used cheap cars.

we do have a track phone for about $10 a month.

our house is used, and about half that size.

we do without.  we save.  and still, we are being crushed by inflation.  feeding the family is now over $1000 a month.  clothing them is also through the roof.  yeah.  gas is down.  whoop dee doo.  oh, and our health insurance is up.  our utilities are up.  our taxes are up.  it's a never ending game of finding things to cut and do without.

Fri, 04/03/2015 - 09:57 | 5955592 JMT
JMT's picture

Cat food and canned spam should help cut down that food bill of $1000 a month

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