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The Most Surprising Thing About Today's Jobs Report
After several months of weak and deteriorating payrolls prints, perhaps the biggest tell today's job number would surprise massively to the upside came yesterday from Goldman, which as we noted earlier, just yesterday hiked its forecast from 175K to 190K. And while as Brown Brothers said after the reported that it is "difficult to find the cloud in the silver lining" one clear cloud emerges when looking just a little deeper below the surface.
That cloud emerges when looking at the age breakdown of the October job gains as released by the BLS' Household Survey. What it shows is that while total jobs soared, that was certainly not the case in the most important for wage growth purposes age group, those aged 25-54.
As the chart below shows, in October the age group that accounted for virtually all total job gains was workers aged 55 and over. They added some 378K jobs in the past month, representing virtually the entire increase in payrolls. And more troubling: workers aged 25-54 actually declined by 35,000, with males in this age group tumbling by 119,000!
Little wonder then why there is no wage growth as employers continue hiring mostly those toward the twilight of their careers: the workers who have little leverage to demand wage hikes now and in the future, something employers are well aware of.
The next chart shows the break down the cumulative job gains since December 2007 and while workers aged 55 and older have gained over 7.5 million jobs in the past 8 years, workers aged 55 and under, have lost a cumulative total of 4.6 million jobs.
The same chart as above showing the full breakdown by age group - once again the 25-54 age group sticks out.
But young workers' loss is old workers' gain, as the following chart of total jobs held by those aged 55 and over shows. As of October, there was a record 33.8 million workers in the oldest age group tracked by the BLS - the same workers who, as noted above, also have the poorest wage negotiating leverage.
Finally, the most disappointing data point in today's report is that while overall labor growth was solid, the participation rate for workers 25-54, was 80.7%, far below is peak of just under 85%, and below the 80.8% at the end of 2014.
Time for a rate hike?
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No country for young men.
" And then I woke up."
Heroin is a helluva drug...
Go Boomers!
Mrs. Silencer and I had to go to Home Depot the other day. Nearly all the employees (other than management) were at least 45 and quite a few were closer to 70. It's pretty ghastly.
Yes exactly. It's not like the "jobs" being spoken of are good jobs.
"If you want that good job, you can keep that good job".
Yeah, but at least when you ask the 50year old employee which kind of anchor bolt or what schedule of pipe you need for your project he won't stand there drooling, with a retarded look on his face, then slink away to the rest room to whack off to porn on his smart phone.
He may actually have an answer for you.
As someone who is over age 60, this is just more bullshit. I don't know of anyone my age who has an easy time getting hired. And if they do, they aren't given 40 hours.
I'm wondering how much of this is just pure demographics of the Boomers aging over time. I'd like to see the numbers adjusted for percentage of population.
Haven't seen anyone mention this, but how much of this is just fake, like the fake elderly voters? Much easier to create, and all the bureaucracy has multiple identities anyway. They can add to the voting and job numbers with a single stone to fill the glass of kool-aid.
That's the point. Younger workers will demand full time, while those nearing retirement age are more likely alright with part time.
I wonder how many hires are seasonal Christmas hires?
I was going to say something really funny and snarky to you but.... honestly, I understand what you're talking about and it's not really a laughing matter. Those I know working past age 65 or so look to me like they're usually doing it out of desperation. Watching a 70 year old man working a job that would normally be some young kid's "summer job" gets to be cringe-worthy after a while.
My brother's father in law (age 88) still works. At a well known theme park in the Williamsburg, VA area (clear enough?) He is a SECURITY GUARD. Yeah. I think you're getting the picture. He is NOT doing this job just because he loves working. He and his wife have medical bills to pay, some debt to pay off (STILL!! 30 years later!!) and they'd rather not eat Ramen Noodles every night for dinner. And that's even with them living with my brother and his family- no housing expense.
Hopefully he only gets to carry a Nerf gun and lemon pepper spray.
Ticket scanner and a walkie-talkie is about as heavy duty as his arsenal gets.
Don't tell the Feds they'll stun gun him and beat him to the ground for having a threatening stance! "I thought his walkie talkie was a detonator!" -Over Enthusiastic LEO
Mickey Gets Serious: Tucks Ears into Helmet
http://craphound.com/images/mickeyriotcop.jpg
Livin the American Dream! Seriously, that is embarrassing and fucking disgusting. I feel for the man, his wife and your brothers family too. If people think it's all about "poor choices" and "lack of planning", they are brain dead.
For many people, the financial and economic collaps is already here. I see it with my own eyes.
I asked him one time where it all went wrong. His answer was "I never joined a union and never worked for a company that had a pension." Now, don't take that statement as any kind of endorsement of unions or pensions on my part, I'm just relaying what the man said to me.
I then asked him what went right. He said "Almost nothing, other than I got all my girls through college without debt."
Seeing that 94M Americans are not in the work force and that 48M are on food stamps, I think we can agree the problems are structural in nature, not just personal choices. One in two need govt assistance to just stay alive.
I have close family in dire straits right now, so I know how this feels. Burns my ass bro...and makes me sick to my stomach.
The dead don't complain when their names show up on a bullshit report.
Exactly. More BS from the Bureau of Lies and Scams (BLS)
YOU ARE EXACTLY RIGHT. I QUIT LOOKING YEARS AGO
There would be perks to hiring 60+ people.
If they are 62 or older, they won't need health insurance.
They have obviously managed to survive for the last 60 years doing something. So they probably have career and life skills that kids don't have.
They may have a retirement or pension from their former job and not need as much for wages as a kid.
They probably have responsibilities and obligations that make them quite suitable for peonage and exploitation.
guess it depends on where u live
our place is hiring lots of ppl over 60 full time...
ppl who lost their high paying jobs desperate to just work
sad world we live in now...
Walmart greeters, 7-11 cashiers, retail cerks, etc etc...all to "supplement" their sad "incomes" OR maybe I'm dead wrong...could be IT types, engineers, physicists, etc. Do they break it by job type?
Can't speak for IT types, but many, many, OLD engineers and scientists still in the game. Maybe they love their jobs, but they are the ones at the top of the pay band and I wouldn't know anything about that kind of situation.
Personally, I'd retire tomorrow if I could afford to.
"And more troubling: workers aged 25-54 actually declined by 35,000, with males in this age group tumbling by 119,000!"
Where did these people disappear to?
http://www.youtube.com/watch?v=76RWWl01JMc
They were eaten by reptilians.
Colorado? Washington State?
Hmm, no SS cost of living increase and lizard people like Martin Shkreli jacking up drug prices = grandma working at Walmart.
That little mufugga better look both ways before crossing the road from now on.
... and refrain from ordering the clam chowder.
You left out inflating food prices.
As long as Oclown remains in office the Leftest Marxists will protect his legacy as all costs. As far as the age Gap, well companies want people who can perform, Millennials are brainless lazy fucks who cant even make a large coffee, cream with no sugar, I deal with the idiots every morning and every morning they fuck it up.
Exactly.
Every single time I ask for "no room" in my coffee cup. Sometimes twice. Do I get it that way all the time?
Hell no...
At least you get to leave them at their coffee fail. In my office these fuckheads start talking about what they're going to order for lunch at 9:30 in the morning. They always talk about going home, yapping across the office always seem to end with "I'm ready to go home", "gotta go home", "can't wait to go home", etc...hey then GTFO if you're so eager to leave, you don't work anyway, one of the older people will be obliged to take up your slack. They retain absolutely ZERO knowledge w/regards to work habits, never leave their cellphones alone, mumble incoherently when spealking and can't spell or write a proper email for shit. You'd think spending so much time looking at some screen they would at least know how to do that.
I'd take anyone over 30 if shit needs to get done, the kids just want to fool around and act like it's the Real World or something.
the older ppl at our place have worth ethics installed from the past...
they do take up the slack of the younger ones who fool around...
This is what anarcho-capitalists don't get, your work is meaningless apart from support for the runaway bureaucracy of the psyop state. Yet, here you sit complaining about how all these youngsters aren't enjoying it, not doing the work properly! It's quite the contradiction, 'Our masters are destroying the system, but you gotta choose em.' And you wonder why the system isn't collapsing... maybe because people still believe in the deepest lies of all.
There have been generations of Taylorists that led to this situation, and what it is really about is not 'work ethic', it is lunacy ethic. Pushing a box around a corner, tapping letters and numbers on a keyboard, meeting with bodies you don't know are humans are robots. That's not work, it's lunacy. Work has meaning, it has a purpose, and is generally linked to necessity. All these jobs people have for the government, spy agencies, and corporations have no human meaning, they are abstractions of the means of control. If you work then you're help propping it up.
All the millenials have done is make clear that the work really is meaningless, just like a video game creating fictitious wealth. We are controlled in other, much deeper, ways. Have they offered anything to suggest this? A solution maybe? No, but what they are doing is no worse than those who have true bureaucratic work ethic, they are just the rational conclusion of that old regime of economy. You can only be productive in a non-productive economy to the extent that you believe the myth and ideology of it.
The old Taylorists believed in mechanising their own movements to create value, and this enabled family life from the distribution of representative numbers to the family. The new Taylorists believe in the natural extension of this, mechanisation of family life itself as value, and work will be created from this. The old idea of capital is to create a kingdom for your family out of work, so it only makes sense that eventually, once the family also has to work to keep up with the necessities of mechanised movement, that all places come to represent family and individual life. Once the kingdom becomes large enough and comforting enough, whether real or fictitious, one does not want to be away from it.
In other words, this economic system was never based on real wealth creation, it was always based on hedging fictitious wealth against your own individual illusions of grand ways of life detached from necessity and the economic/entropic realities of nature. The millenials are simply the cultural absurdity at the end of an absurd historical shift. Real work ethic confuses boomers just as much as it does millenials. There's no real difference between tapping numbers for the Obombocracy and iCrap's SimFarm.
Bill of Rights - Your correct but as a Gen Xer I dont blame them. There is no upward mobility potential right now and wont be for a good long time. May as well show up for the part time job, do as little work as possible then go get wasted with friends. If your a smaller producer it can be easy to succumb to just the laws of the jungle and cast compassion aside because the time wasted has a multiplier effect and can destroy a life in getting angry. There are justifications for it but Ill tell you something. I understand movements that begin to bring cohesion at the local level.
That was how Christianity started. Shoe.compassion and do what you can at the local level. Moderate habits so you have the health to cope. Be wise as a serpent, gentle as a dove. I admit, I struggle trying to find the right balance in this cycle. You have to learn to be an actor in this society. For example, with doctors for me and wife do a lot of research before seeing them. Then I dress in a double breasted suit and she in her nursing uniform. Then having some knowledge (more than them at times) they will write you whatever script you need. This often saves a year of visits and a mountain of money. A rheuamtoid dr. and nuerologist did not know what ME was. It stands for myalgic encephalomyalitis. That info has been around since 2011. I showed them but just acted passe about it.
A lot of women toe the corporate line which are treating customers like shit. To resolve conflicts I tell them how I feel about a situation and win them over. Compliments go a long way. Then they attempt to move heaven and earth for me. Wise as a serpent, gentle as a dove.
I hope it helps. I dont want to act as if I dont suffer or have all the answers just trying to share a couple things I have observed work better than militancy if if justice suggests demanding retribution.
Go to Southwest Florida. Nearly all floor personnel at retail is 55+ or 25-.
Anyone paying attention already recognizes that the government routinely lies about inflation, unemployment, GDP and the rest, yet we're supposed to believe today's jobs number? Why?
When does some shithead on CNBC spin this all to be bullish for stocks? !5 Minutes?
Ask John Harwood.......
ALWAYS look beyond the headlines...ESPECIALLY when it is government data.
Now I know to say I am 65 on all future job interviews. I am 49 but I can make myself look older ;)
Just paying attention has added significantly to my amount of gray hair, as I've yet to find a variant of Damnitall that actually works on me.
Lucky for you there is now an extra-strength version of Damnitall...
http://opsychiatrii.pl/wp-content/uploads/2011/03/fukitol_m.jpg
Ahhhh,
Nothing like the fine print.
Now THIS makes total sense. Not that I like it but it really does bring into focus how misleading these (and all) numbers can be.
LOL! We lie to you about everything and you believe us. You stupid goyim have memory span of fence post. Goyim forget massive layoffs continue for white people. Non-whites flooding into country get placed into created vacancies made available for non-whites. Employers get paid $12,000 incentive for each non-white hired. Look it up. You stupid goyim not see international jewish organized mafia runs white country government and economy. Soon we give you stupid white goyim digital credits if you miscegenate with hockey-puck Somalis. And you will thank us. Hahaha! We jews blend you whites out of existence. Our jewess Barbara Spectre tell you, but you not believe.
https://www.youtube.com/watch?v=MFE0qAiofMQ
Oy vey Blitzstein you moron, stop that shit now, you are not supposed to tell those things!
Heh heh. No kvetch. We just like wag weenie in goyim face. Goyim worship us. After all, we jews are satan’s, er, I mean god’s chosen people. Hahaha. OY VEY!!
No way, Im calling the Kahal, unless you give me this goy you have been blackmailing, you know, the car dealership on 45th Avenue.
Also, I will give you my wifes old car so you dont loose on the deal, you see you profit off me again!
No QE for you!!! And you gotta start cutting down on those Jelly Donuts... And oh yes, Nuland the EU and the EM countries too for that matter.
One day these old people will go to heaven and then job gains will be erased.
I am pretty certain the people loaded onto this report have already died. I put nothing past the US government.
Pushing up daisies is now considered a job
that demographic is especially fat too ... so dont expect productivity gains
that demographic is especially fat too ... so dont expect productivity gains
like anyone freakin believes in this number and it's insane details. it's all made up
It bugs me to see so many elderly people who have to work. All the older folks tell me getting old sucks. But maybe many of them were careless all their working lives.
And how many millenials couldn't hold a job if their lives depended on it? Kids quit over the slightest thing (hurt feelings, having to do a little extra, etc)
How can young men build strong and stable families without good jobs?
So many retirees burning through their savings because of zero interest rates. Janet Yellen and Obama wealth transfer to the banks off the back of the middle class. The wealthy can find ways to make much higher returns on their investments, not so for the middle class.
And because that wealth transfer appears as salaries and profits, it is counted as part of GDP, i.e. government programmed theft, which simply shifts wealth around while creating nothing of value, is a substantial and growing part of the numbers that purport to represent aggregate wealth creation by the country.
But maybe many of them were careless all their working lives
Many of them believed the "American Dream" you get out of high school get a job with a major company "that will never go out of business" and put in 30 plus , then retire and live comfortably the rest of your life. Oh and have a little left to leave to your kids or donate to charity.
Yes, my pension was stolen by a bankruptcy judge 18 years into the process.
It was used to fund the $30m "retirement" of the C-Suite.
Funny how that always seems to happen in bankruptcy court...
How can young men build strong and stable families without good jobs?
They can't. That's the plan.
Are they actually putting dead people on the report as employed? I guess that scam works for more than just voting and that playbook is in season.
Gonna be a whole bunched of cramped households with gramps moving in and fucknut Johnny Viedogame still in the basement.
A more important stat would be total FICA contribution's
Buzz Kill
Maybe the 24 to 54 range aren't working or looking for work because they've all joined the army to go fight ISIS......or is it ISIL? Can't remember who our enemy is supposed to be......the real enemy is whoever gets in the way of the desperate thrust for World Government.......even the Republicans are on board with that agenda....
How do you fight ISIS from mom's basement?
By sending strongly-worded tweets...like this: Hey Isis, you better cut out that head cutting and cage burning or I'll report you to the principal.
World Government? I think I will never understand those who think that this world is steering versus a world government. at the cost of sounding flippant, something I don't want, did you ever travel around? what I see and witness is not what you fear. and I still think that it's your MIC that fuels those fears
Still a bit of the old work ethic left around. At least when a 55+ year old is hired to do a job, they will likely get there on time, won't waste hours texting, get the job done and aren't too distracting to look at like all the tatted and pierced denizens of modern day America.
I wonder how things will look when that group has passed on?
Which should be soon, because the people without jobs are supposed to be paying for their healthcare.
A glimpse of that future?
https://www.youtube.com/watch?v=IsBLZoIovYk
A: nothing.
As a guy over 60 i...uh,forgot what i was going to say. dammit where's my glasses...
Still working at 66.
Because my savings now get .01% interest.,,, I have to cover my wife with O-Care as she is a long way from medicare,,, the 'no' inflation is killing our budget,,, I like to eat,,, and because I fucking want to.
young wife, good for you :)
Oh please. Most people from my generation will be working until they're 80+. How many decades of 4-6% savings rates did you get to take advantage of? I'm 30 years old and probably haven't had a single day of savings rates over 1 percent during my career. And if I did, it was at the very beginning of my career when I had no savings to earn interest on. I'll be lucky to earn a few thousand dollars of compounding interest in my LIFETIME at this rate. You're sitting here whining about savings rates when you've probably earned more interest in a week, week after week for years on end, than I have in the last 8 years TOTAL. I've calculated that I've earned about $50 in interest so far. Fifty fucking dollars, in 8 years. That covers about 3-4 DAYS of my rent.
I remember my high school math teacher showing how easy it was to retire a millionaire solely by saving a few thousand dollars a year and earning compounding interest over your 45 year working career. It was amazing seeing how much a tiny increase in your principal would manfiest over 45 years of compounding interest. What a total pipedream that has turned out to be. I'll be lucky to have $300k in savings by the time I'm your age but I'll need probably 5+ million by 2055 to retire at any reasonable living standard.
I'm in the same boat. But we can't blame gentleman such as the above.
The scum behind this are the bankers and the Federal Reserve. Guillotine time not far away for the central bankers...
Maybe why they're going to finally raise rates a token amount.
As it pertains to working in one's twilight years:
- The simple matter of it being a choice, or a necessity, seems to be the governing factor. From the onlooker's perspective, it is simply what he/she perceives as the 'societal norm' - it can be perceived as either a positive thing, or negative.
- From the perspective of the employed senior, he knows that 'work' is a good & necessary function to keep him 'going' but again, is it a choice or a necessity? The latter likely contributing to a negative outlook, rather than a positive one. Then again, it really comes down to the prism in which one looks through.
One of the reasons velocity of money has crashed. Taking out 6 figure salary jobs and replacing them with part timers making 18k a year. So I've added, on a net basis more people to the ranks, they extract 10's of thousand of dollars out of the economy for every net gain. The 25-54 demographic is the core of our economy, and It's been emasculated, and it's not changing
My mom works at a local golf course grilling burgers and hot dogs and pouring beers. At age 73 she was terminated. Last month they called her up and she was rehired at age 75. Old people show up to work on time, ready to work, and guess what? As some posters have stated about old people not being tech savvy, you are right, so these old folks are actually working and not texting all day or playing on their phone. Golfers coming in at the turn need to get their food and beverages and get back on the course. They don't want to wait for the 20-something to finish texting their friends about the latest Kartrashian thing unless they are topless.
Grampa can't afford to live on his retirement anymore and so has to get a job. The war on savers has taken it's first round of casualties.. retirees.
Y'know, I've been reading this on ZH for a while now - months, years - and it starts to occur to me that I have trouble believing it. Let's say it's a mistake, or a lie. Cui bono?
There's a shit-ton of old fuckers in government/education that will not leave and are not being forced out - they're all Obama worshipers.
Worse still they are handing out promotions to their peers and capturing most of the budgeted salary increase for the upper echelon.
Meanwhile net productivity of these units is stagnant or declining.
I have a friend working at a major university.
The Busar is pushing 74 and literally asleep in his office 5 hours a day. Everyone knows it from the Chancellor on down to the student employees.
Meanwhile, the had to hire another (older) $120,000+/year plus benefits guy to actually "run" everything.
To this these guys think they can pay zero wages for the lowest folks while the people in the middle get re-orged into unemployment because the contractor from Oracle says everything will be done by robots, computers and unicorns.
The private sector has been on fire for nearly a decade. There is ZERO commercial re-investment going on. The only folks doing well are state/federal employees.
Sieg Heil.
I am 60. I am healthy. I don't recognize my country. I was downsized from a 100 K plus a year job training and managing sales crew in two major Midwest city. It was a 19 year employer that went belly up with the 2009 banker / sub prime mortgage debacle. I made less last year than I paid in taxes for many years of my working years. I don't mind . I went to work cooling for 11 dollars an hour in a nursing home because I could and it was far more rewarding meeting all those seniors than making the bigger bucks.
Now I sell in a commission only 1099 position. All work is honorable. We are older. We show up. We do the work and smile while doing it. You bet your ass I would hire older over younger. I have had extensive experience interviewing those under 30 and it isn't pretty.
Enough said .
I would add it is hard to develope a work ethic without a job.
Same story here. Good to know we've made it through the first leg of the depression. Second wave coming up.
Two days ago I had this conversation with a customer. We agreed the old folks have the skills. They grew up with stuff that built in the talents they possess: hobbies, interests, hands on experience, working a variety of jobs. No liberal college is teaching those practical, useful things. My customer agreed. He too is finding it difficult to get what he needs in a young employee. I find that college grads don't have a clue about what I need them to do. They can't think more than one step ahead. Now I only hire HS grads. I pay them just as much if they can do the job. Most important traits: Good communication, show up for work on time, ability to follow instructions and work independently. That's 80% right there.
Here is your Santa Claus costume...
There I was an 75 year old with a 25 year old wife. My friend asked how I got such a beautiful young wife. I told him that I lied about my age. No shit, how old did you tell her. I told her I was 93.
nice trick. when the time comes I am going to use it :)
good thing is the seniors working report that income against their SSN, so it costs the government less each month in benefits. then they deposit their check in zero or negative interest bank accounts so janet yellen can draw her stipend. then they proudly give their salute to the DOD so they can pay the NFL for those lavish displays of patriotism. (entertainment is not easy). its tough when you don't know you're being conned. the problem with seniors is they have a kind of collective alzheimers. the broader problem in my estimation is that the MDs hand out mood altering drugs like they were candy, the stuff is in our rivers, and even in rainwater [mandrake], our precious bodily fluids have been compromised. you can draw all the stock charts you want, talk about the fed, this that the other thing, but giving the mass of americans antidepressants is probably why the stock market goes up no matter what the news. get america off the junk.
I agree with most of the old geisers posting today. Zero interest rates make retirement difficult. Trump is right as well, where we spend more on each student than any other country and we are #28 worldwide in grades. When I was in school, about a century ago, we were #1 in education. Thank the Federalistas for the Dept. of Education. Doing a right proper job they are (sarc). It appears that No Student Left Behind is actually All Students Left Behind. Dump the DOE and give the schools back to their localities for a better education. While we're at it, Michelle O needs to go out to the schools and have lunch with the kids. I'd like to see her eat the crap she wants my kids to eat.
No Student Left Behind is actually All Students Left Behind
Or rather, like getting a participation trophy - no student gets ahead of the pack.
If nobody is going anywhere, nobody gets left behind . Gettig ahead of the pack is greedy and selfish
What do you expect when my town of 28k has 100 teachers/administrators making 100k~ and 200 more making $80k~.
Of that mess, do we really need to pay useless elective teachers $100k~ like grade school art, music and middle school shop and typing teacher?!
They still haven't implemented language courses at the elementary level nor can we afford to but have added a Jewish studies class to the honors which is odd considering this is predominantly Italians...
The problem is that the parents today are stupid and don't get involve because they still believe in the system.
Perhaps the cycle will finally break when they realize their kids are jobless and see how much property taxes they pay... $8k+ where I live.
Demographics were totally different when you were younger. Many students don't even speak English, forget about the tests.
I can be believe the ratio but not the numbers, with layoffs everywhere that MSM covers so well for their boy.
all these numbers are made up bullshit. how do you deabte bullshit?
Between the educational system and the media, pretty much everyone under about 45 or so is largely ruined, in terms of intellect and worldview.
And it's all been done on purpose, too.
The entitlements will end once the working class percentage stops working. Mom's basement will resemble a cattle flight on Southwest Airlines.
Take a zero out of jobs report. 37k is more likely. Whith atleast 37m out of work what % raise should obomba get this year?
My reading glasses must be out of focus, U-6 is 10.8%
http://www.bls.gov/lau/stalt.htm
"workers aged 55 and older have gained over 7.5 million jobs in the past 8 years"
It would be more honest to say, "In just the past 8 years, 7.5 million people who thought they were nearing retirement had to 'rejoin the workforce'---i.e. take a low-paying McJob just to make ends meet."
It will be revised down in a month or two. Manipulated today to make people feel good and give O some good news to thump his chest about.
One other thing that makes older people good workers. They have seen reality and know they have to work and keep a job. If you are early twenties whether educated or not you are sure that there is a pot of gold job right around the corner, so why bust your ass at this dead end one
Many older people are bored with retired life if they don't have a hobby. The iCrap and XBoxes keep the 20-somethings occupied.
.....and that .25 had on savings and higher and higher medical costs regardless of whether an older worker is in a private plan or on Medicare wouldn't have anything to do with the push to continue working til you drop.....
That's right, Bernanke needs a job, a blow job.
Old people are taking whatever work they can get just to survive
Young ones too proud to clean toilets and sweep floors
Not just survive, but feed the grown up kids still living under their roof and given up looking for a job.
MW claiming more full time workers now than before recession:
http://www.marketwatch.com/story/there-are-more-full-time-jobs-than-befo...
Could use some help analyzing this... does anyone feel it's true?
I'm concerned that we should have been adding what... 400K jobs/yr in order to keep up all the while? This seems to be a bit of cheerleading going on at this point... thoughts?
Even according to this discontinued fed series, working age population is up by at least 12 million since 2007
https://research.stlouisfed.org/fred2/series/USAWFPNA
so around 53% of working age population was fully employed in 2007, whereas that ratio is at best around 50.1% today ( 122.02/243.28).
What percentage of jobs in the entire US market pay enough to cover food, rent, and bills?
If the baby boomers are such worthless parasites, why are they the only ones getting jobs? Someone explain that to me please.
Good one. I keep saying this for years now - observing the total lack of work ethics, motivation, skills and education of the oncoming generation, I'm far from surprised employers prefer to hire "old farts". At least, they do something, are reliable and know what they are doing. They may not run as fast as a youngster ( if the latter would be inclined to run ) but old farts at kleast now the way and know what you should NOT do.
Im confused. All these businesses created via birth/death rate are only hiring older people? All these waitress bartenders are 55 plus. Customer service people? construction workers? Healthcare providers? I know all these numbers are made up. They have been for decades, but its really getting crazy.
If these numbers (55 year olds and older) are correct I would love to here what Mark Zandis take is (well not really, but to see him try and spin his way out of this would be awsome).
It would seem to me that in a consumer society that older people need less because they already have what they need. Furniture, cars, houses, electronics etc.
Thank god we don't produce anything in this country outside of healthcare, burgers and fiat for buybacks.
I will take exception to that.But I am rare...
We have 2 close friends that retired 10 years ago at 47 and 49 from US gov jobs. They walked away with 2 years severance pay, same health care as Congress, and making about 80% of what they made 10 years ago with COLA every year. They also had matching "Thrift Saving" plan outside of pension. Both worked 48 hours one week and then next Friday off.
My pension was cut, no medical plan, no matching 401K, worked 60+ hours per week since 1977, payed for own education and still working. Good thing Home Depot is only 6 miles from house...
Gov vs Private... Screw em!
Job Qualifications:
Are you aged 55 and over?
Are you female?
Because we're trying to eliminate Al Bundy's (feminist-speak); see firing of aged 25-54 males. Feminism/A21/etc. in progress. This way in the future, we will have old Al Bundy's with no experience.
Btw, I don't blame the older or the younger generations or even the sexes. They want "divide and conquer." These divisions and redistributions of labor and wealth are just a result of their programming and schemes over society.
"The next chart shows the break down the cumulative job gains since December 2007 and while workers aged 55 and older have gained over 7.5 million jobs in the past 8 years, workers aged 55 and under, have lost a cumulative total of 4.6 million jobs."
Very simple to expalin: ZIRP massively screws those on fixed income with 0.?% low risk CDs, etc.
I turned 50 this year. I bartended at the same joint for nine years and watched some real idiots pass through the place. Bussers who didn't know the difference between lemons and limes, another kid who showed up so high that he took 15 minutes to clean off a table because he was too enthralled by dancing with the bar rag (that was kinda funny, actually). I got burned out and got a regular job, because, you know, the grass is always greener. Only a couple of months after i quit, my old boss begged me to come back. My replacement was a "nightmare," she told me. Rude, ignoring customers because her phone was more important, and eventually stealing. Meth and gambling are expensive.
I lasted a year at my new job. I didn't mind it, but they paid high school wages and the two 20-somethings on my crew were on a perpetual smoke break. That left yours truly to run everything. They spent more time screwing around, and made more money than me since they had been there longer. I decided to go back to pouring drinks. I can make in two Saturday nights what an entire two-week paycheck netted me at the factory, and the hours don't kill me. Now, I'm back to observing new hires who can't show up for work on time and ask me what the difference between French and Ranch dressing is. These morons are squeezing out kids as well, while still living at home with mom and dad (who both work full time). Frightening.
,
I see for the most, that parents of the current generation are to blame for their behavior.
Across the street lives a family that has 2 mid 20 yr old boys that doesn't help mow the lawn, shovel snow, and rake the leaves.
But every day before garbage days they have more garbage than your typical household from having friends over or parties.
True. These kids' parents are alcoholics or mouth breathers - or both. Their diets don't help any either.
Not that it matters, but the milleniums will all vote for the 'Cunning Runt'. It's all gathering momentum now toward ruination as the FSA (free shit army) is in control.......2 terms of Bronko Bomber?...... give me a break! Both 'party's' are complicit as the U.S. of A. goes down the path taken by previous Empires in decline......only question remaining.....will it end with a whimper or a bang.
"The Most Suprising Thing About Today's Job Report" is just how desperate the liars are getting to be.
des·per·ate -- adjective
feeling, showing, or involving a hopeless sense that a situation is so bad as to be impossible to deal with.
synonyms: despairing, hopeless; (an act or attempt) tried in despair or when everything else has failed; having little hope of success.
synonyms: last-ditch, last-gasp, eleventh-hour, do-or-die, final; (of a situation) extremely bad, serious, or dangerous.
synonyms: grave, serious, critical, acute, risky, precarious; dire, awful, terrible, dreadful; urgent, pressing, crucial, vital, drastic;
Yes, I used the right adjective.
I have come to the conclusion that working is for chumps. If you cant beat them join them... Hillary for president and where do I get food stamps...
Aren’t the younger people supposed to be the ones working while the older generation works less? Our leaders have this society upside down in so many ways? I call it Ass Backwards. The older generation has the work ethic most younger people dont have, while the younger people slack off and live off the tax revenue of those working. Got to love fiat currency, its all about fake money. Things get so distorted. Its pathetic. They keep everyone just happy enough they only occasionally riot. When the riots become more frequent they get the secret QE fire hose out. Everything settles down and nothing changes.
I temped for an auto parts maker before being hired permanently at age 59. Why did they hire an old fuck like me? Possibly because I worked for two years and was not late or absent once, or maybe it was because I worked as hard and intelligently as I could. Most of the twentysomething temps had zero work ethic, texted constantly, and had more drama than that Kim twat. Who would hire these Assholes?
Light me up you twentysomething assholes. I am taking cover behind bales of compressed AARP magazines!
bales of compressed aarp magazines... love it!
Most young people have always been worthless workers...I know I was. Its just now they have been educated to believe that it is all someone else's fault. They was ruined! Older workers are the ones that would work, have always worked, so when jobs get tight, they are always going to be first in line. We all know that younger workers would be preferable if they actually would show up and work. for an employer, the bird in the hand is worth a half a dozen birds in the bush, birds that likely will do little but shit on everything you try to do.
Maybe at least that poor old bastard might earn 1% on his "savings".
Went into a Walmart today - lots of geezers stocking shelves.
The Fed have bent us over and given it to us with zero % rates for the last 7 years to bail out their Wall St buddies.
SCUM!
It looks like the bastards are going to end social security soon.
The source the article links for this info as released by the BLS' Household Survey. http://www.bls.gov/news.release/empsit.t09.htm
shows men gaining 54K jobs. Where do they get the job loss statistics from?