The Biggest Shock From This Friday's Payroll Report (Sorry Men)

Tyler Durden's picture




 

By now much has been written about the joke that was the collapse in the labor force participation rate. Perhaps too much, especially for a topic which as we predicted back in early 2011, would be the primary fudge factor allowing mainstream media headlines to blast America's economic renaissance. Remember: it is all about "confidence." Little, however, has been said about the constituents of this dramatic plunge to a 31 year low, namely the simplest distinction: that between genders. As the chart below shows, when one spreads the labor force by sex, the Friday data is particularly sad for one class of workers: Men. Because as the seasonally adjusted data shows, the labor force participation rate for men just printed at 69.8%. It has never been lower.

The winners, if one may call it that? Women, whose participation rate, while declining and merely where it was back in 1993 last, is still nearly double where it was in 1948.

America is already elbow deep into class warfare. In order to comply with Caesarian and Napoleonic principles, and divide and rule "more better", has the time come to throw in some sexual conflict into the mix as well?

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Sun, 09/09/2012 - 14:09 | 2776403 boogerbently
boogerbently's picture

Can we get months of coverage about "Obamas War on Men" now ??

Sun, 09/09/2012 - 14:19 | 2776432 Fecklesslackey
Fecklesslackey's picture

Are there still any men who are going to vote for Obama?

Sun, 09/09/2012 - 15:21 | 2776589 Red Heeler
Red Heeler's picture

Lots.

Sun, 09/09/2012 - 15:38 | 2776628 Central Bankster
Central Bankster's picture

I wouldn't call them "men".

Sun, 09/09/2012 - 16:43 | 2776722 lemonobrien
lemonobrien's picture

he is the "Gay" president.

Sun, 09/09/2012 - 16:58 | 2776742 TruthInSunshine
TruthInSunshine's picture
Dr. Michael "The Big Short" Burry's "Brutal Hangover Is Inevitable

 

"Infamous for his prediction of the great recession, Europe's demise, and the collapse of the US financial system (as well as profiting extremely handsomely from said predictions), so well captured in Michael Lewis' book "The Big Short", UCLA's Dr. Michael Burry undertakes UCLA's Economics Department's commencement speech with much aplomb. In this "age of infinite distraction", the astounding truthiness of this 15 minute speech is stunning from single-sentence summation of Europe's convulsions that "when the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable" he reminds us that Californians, and indeed all Americans, should take note. A quarter-of-an-hour well spent from a self-described 'chicken-little' who was "just trying to figure it all out"."
Source: Zerohedge

Dr. Michael "The Big Short" Burry's "Brutal Hangover Is Inevitable" State-Of-The-World UCLA Commencement Speech
Sun, 09/09/2012 - 18:05 | 2776840 flacon
Sun, 09/09/2012 - 21:23 | 2777194 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Affirmative action at its best. Keep your intellectual crowd stupid and subservient.

Mon, 09/10/2012 - 01:07 | 2777637 phyuckyiu
phyuckyiu's picture

MGTOW. Fuck your no fault divorce, loss of kids, assets, and alimony/child support to boot because you are unhaaaaaapy.

Mon, 09/10/2012 - 06:28 | 2777815 AldousHuxley
AldousHuxley's picture

"labor force" reports only counts wage jobs as report worthy,

but women have always "worked"

  1. gaining hobbies and skills to marry up no matter class
  2. cook and clean until modern technology automated those tasks
  3. raise children
  4. and lower class women always worked in some job for plantation owners...just ask any african american grandmother.

 

feminism came about to put those houshold work labor into corporate work labor.

 

Caveat....corporate world tend to make a person a hypercompetitive sociopath which women are not naturally talented for.

Motherly skills are devalued, "manly" skills are forced upon women. Men chase hot tails anyway after  certain money in the bank and of age when men realizes younger women are more valuable as companion than aging nagging wives.

Sun, 09/09/2012 - 18:43 | 2776909 Red Heeler
Red Heeler's picture

'I wouldn't call them "men".'

Call them what you wish. My point is that most people get their marching orders from the MSM. How do you think the guy got elected in the first place?

Sun, 09/09/2012 - 16:59 | 2776746 Whatta
Whatta's picture

Are there still any men who are going to vote for Obama?

 

Unfortunately the answer is "shitloads". Here in post-racial post-partisan amerika no one gives a shit about things like A Presidents Record, Future For The Kids, etc.

We only want our fvcking entitlements and freeshit from the rich man. We are visionless and clueless as a people.

 

Sun, 09/09/2012 - 14:22 | 2776442 Michael
Michael's picture

The equal rights amendment push did wonders getting us to where we are today.

I'm happy being a house husband lying on the couch, watching soap operas, and eating bon bons all day while my wife brings home the bacon.

Equal Rights Amendment

http://en.wikipedia.org/wiki/Equal_Rights_Amendment 

Sun, 09/09/2012 - 14:25 | 2776450 Gully Foyle
Gully Foyle's picture

Michael

Hahaha.

I've lived that life since before 90.

On the positive side I raised our son while she went to work.

Not many men have that level of interaction with their children.


Sun, 09/09/2012 - 14:42 | 2776502 Michael
Michael's picture

Love it.

Mr. Mom (1983) Trailer

http://www.youtube.com/watch?v=solr1W5idNY

Sun, 09/09/2012 - 14:35 | 2776478 max2205
max2205's picture

Work is over rated

Sun, 09/09/2012 - 14:49 | 2776517 DoChenRollingBearing
DoChenRollingBearing's picture

LOTS of men way underemployed over here in Italy (where we are on vacation).

I could write a book on Italy vs. Korea when it comes to manufacturing...

Your humble correspondent did not see any "Compro Oro" signs in Orvieto (the small town we are at today), but I will keep a sharp eye out for more (I saw at least 15 in Rome, most for ONE BIG BUYER).  More cities to visit and I am raelly curious to see if Italians are selling gold heirlooms whose gold will get melted down and sent to China...  Details and picture will be at my blog when we get back.

Italy is taking a real beating.  Sad.  And they have worse immigration problems than we do.

Sun, 09/09/2012 - 15:02 | 2776548 fourchan
fourchan's picture

personally i checked out of this economy around 2004.

i no longer pay taxes, i no longer report income, i no longer trade the time i have on earth for worthless fiat

currency, as a wage, slaving for another man.

i live free and will soon file for my social security to get back what i payed in before that ponzie scam goes under.

i am breaking the system because it needs breaking, and i am doing it by not playing in the fraud game.

i have a feeling im not the only one trying to break this game, and the chart above speaks a truth echoing my cause.

Sun, 09/09/2012 - 15:10 | 2776571 DoChenRollingBearing
DoChenRollingBearing's picture

+ a big fat 1!

Mon, 09/10/2012 - 06:49 | 2777825 AldousHuxley
AldousHuxley's picture

As technology improves standard of living and increases productivity, population needs to DECREASE in order to benefit from the gains.

For example, typical family in agrarian economy had 10 kids because half of them would die young prior to having children due to disease, wars, accidents and 5 are needed to keep up the farm work since more could die in adult age prior to 60.

But today, same 10 kids are likely to use natural and societal resources until age of 80 and we dont' need any one of them to farm because food production is pretty much automated at massive scale.

 

so why is world population increasing?

because ponzi scammers like the church, politicians, bankers (anyone who collects % of income versus set amount) depend on the pyramid growing at the bottom as they tax.

 

If you are the king, more slaves = means more wealth to you.

If you are the slave, more slave = means more cutt throat competition for you.

 

and without technological and social innovations, productivity wealth pie isn't growing, so it is now a Zero sum game.

Sun, 09/09/2012 - 15:49 | 2776646 Fecklesslackey
Fecklesslackey's picture

 

I'm sorry ... when you say you are not playing in the fraud game ... that is not true. You will receive payments from my children since the SS taxes you paid helped the Greatest Generation to survive the Boomer Onslaught. You will also be receiving Medicare in due time. You may say that you are not in the sandbox, then give up your SS and Mc ... or you are just a leach like the rest of us. 

 

Sun, 09/09/2012 - 18:02 | 2776838 Bastiat
Bastiat's picture

 "helped the Greatest Generation to survive the Boomer Onslaught"

Were the boomers an alien invasion victimizing the poor Greats?   The "Greatest Generation" MADE the Boomer "onslaught," literally. 

 

Sun, 09/09/2012 - 18:14 | 2776856 Fecklesslackey
Fecklesslackey's picture

I agree ... but we did suck up a lot of the resources, decided that debt didn't matter, packed out education system with collectivists, and generally left the next generation responsible for our elderhood.

Sun, 09/09/2012 - 19:06 | 2776944 Bastiat
Bastiat's picture

I did none of those things but then I've always been on my own trip.

Sun, 09/09/2012 - 17:42 | 2776814 Fecklesslackey
Fecklesslackey's picture

 

So all the green up arrows means that all you agree with "i no longer pay taxes, i no longer report income, i no longer trade the time ..."   

meaning, "i contribute shit to my country"

 

Sun, 09/09/2012 - 18:37 | 2776897 Dave Thomas
Dave Thomas's picture

Right lets all tow the line for the drone striking, meat dress wearing, banker fraud protecting shitty police state this country has become. Look at what the contributions and sweat of our brow has gotten us. You can stay in the party bus and contribute all you want. Good luck with the turnaround.

Mon, 09/10/2012 - 00:56 | 2777629 MiltonFriedmans...
MiltonFriedmansNightmare's picture

I just wanna know when the Hunger Games begin....been looking for a good seat on Stub Hub and can't find one....

Sun, 09/09/2012 - 19:33 | 2776992 CH1
CH1's picture

meaning, "i contribute shit to my country"

First of all, no country is mine, except in the sense that I live there and like some good folks there.

And I owe 'my country' Jack shit. I owe other humans "do no harm".

All else are the bullshit songs of sacrifice-gatherers.

Sun, 09/09/2012 - 19:55 | 2777046 Things that go bump
Things that go bump's picture

I don't know whose country the US is now, but it isn't ours anymore.  

Mon, 09/10/2012 - 00:14 | 2777572 monad
monad's picture

Don't believe it. You get what you're willing to settle for. You don't like it, you can change it. Don't wait for someone to give you what you want, you have to go get it. The laws of men are not the laws of physics. Everything is fatal, act accordingly.

Sun, 09/09/2012 - 18:09 | 2776846 Angus McHugepenis
Angus McHugepenis's picture

I got a few years head start on you brother. Only difference is, I won't be asking .gov for any hand outs later in life. It was never my intention to try and break the system. I just didn't want any part of it anymore. I suppose it will break if enough people get fed up and do as we do.

Sun, 09/09/2012 - 20:26 | 2777095 Svener
Svener's picture

I certainly hope you are not using the roads the rest of us pay for. And I'm sure if your house was on fire you would not call the fire department that the rest of us pay for.

Sun, 09/09/2012 - 20:48 | 2777136 cifo
cifo's picture

hahahaha

I also hope you don't breath the same air we breath, and don't drink the same water.

Also, refrain from using the sewage system.

 

Sun, 09/09/2012 - 17:19 | 2776779 Element
Element's picture

We're all golfers now.

Sun, 09/09/2012 - 14:26 | 2776453 Gully Foyle
Gully Foyle's picture

What's the breakdown by race?

Black men must really be on the low end of this.

I gather no one will be playing that race card against Obama.

Sun, 09/09/2012 - 15:46 | 2776641 boogerbently
boogerbently's picture

Black men got to vote (15th Amendment) 50 years before women got to vote (19th Amendment).

Sun, 09/09/2012 - 16:52 | 2776735 DosZap
DosZap's picture

Black men must really be on the low end of this.

They are/ have been hit the hardest, and they will still vote for Obama.

Their rate of UE is DOUBLE all other groups.

I gather no one will be playing that race card against Obama.

 

You can BANK that.

Sun, 09/09/2012 - 17:18 | 2776777 Translational Lift
Translational Lift's picture

They are/ have been hit the hardest, and they will still vote for Obama.

Their rate of UE is DOUBLE all other groups.

Yep....the Bummer keeps shoveling shit in their face and they keep asking for more!!  SAD

Sun, 09/09/2012 - 21:23 | 2777192 Totentänzerlied
Totentänzerlied's picture

They will because politically they lead a dialectical existence in which the answer to the failure of the state to lift them out of poverty is ... to ask the state to lift them out of poverty - after, depending on your attitude, 60 to 150 years of that state failing (surprise) to do just that.

Obviously a scapegoat will always be found, Obama must be trying really hard to help the blacks (and everyone else), but the evil *mumble*mumble*s are thwarting him at every turn! Maybe if we give him 4 more years ...

Reason does not enter the equation, we are safely within the realm of identity politics, managed perceptions, marketing, propaganda, etc.

Sun, 09/09/2012 - 14:55 | 2776531 williambanzai7
williambanzai7's picture

MALE JOBS

Sun, 09/09/2012 - 20:19 | 2777079 Svener
Svener's picture

Well DA! It is called capitalism. Women can work these jobs and are paid less. I thought we were all for capitalism. Easy answer, men should accept lower wages and they'd be hired more. This is just the market working as it should.

Sun, 09/09/2012 - 14:09 | 2776404 fireangelmaverick
fireangelmaverick's picture

I am buying this fucking dip in participation rate.

Sun, 09/09/2012 - 16:34 | 2776706 boogerbently
boogerbently's picture

IF  96,000 jobs were added in the MONTH of August,

and 365,000 new "initial claims" (Unemployment) were filed last WEEK,

aren't we LOSING 15X more jobs than gaining them?

Remembering, people who have exhausted their UE benefits are no longer counted in the "unemployment" numbers.

In about 3 more years, 50% of potential workers will be out of work, but the "official" Unemployment number will be Zero !

My leg smells like pis.

Sun, 09/09/2012 - 17:08 | 2776760 knukles
knukles's picture

DUDE!

And that's with inflated good numbers and deflated bad.

Imagine that!

 

Mon, 09/10/2012 - 01:00 | 2777630 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Yeah, buy the f'n dip, the Obama put has your back.

Sun, 09/09/2012 - 14:13 | 2776415 Mongo
Mongo's picture

The age of men is over... the age of the cleptocrats have come

Sun, 09/09/2012 - 14:16 | 2776422 q99x2
q99x2's picture

YeeeeeHaaaaaa. More reason not to work.

Sun, 09/09/2012 - 14:21 | 2776425 timbo_em
timbo_em's picture

Maybe those men just needed some time to thoroughly put their fantasy team together?!

ps: Damn you, Cutler! A pick six in week one! Hell of a way to start a season.

Sun, 09/09/2012 - 14:17 | 2776426 Caveman93
Caveman93's picture

Women are cheap labor..this is why. Can we say "Low Wage Bitchez?"

Sun, 09/09/2012 - 14:28 | 2776458 Gully Foyle
Gully Foyle's picture

Caveman93

It isn't so much that women are cheap labor, it's they will take jobs men won't.

Waitress, checkout person, nurses aid, so on.

How many men do you think want to wipe shit off elderly ass?


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