Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Jobless claims fall, trend reading at near five-year low
yahoo ^

Posted on 02/07/2013 6:42:34 AM PST by traumer

Finance Search

Thu, Feb 7, 2013, 9:19 AM EST - U.S. Markets open in 11 mins. Advertisement Advertisement Stock Watch

Greenlight's Einhorn Sues Apple Over Cash Plans (See Story)

Jobless claims fall, trend reading at near five-year low ReutersReuters – 41 minutes ago

Email 1 Print

Related Content

A job seeker (R) meets with a prospective employer at a career fair in New York City, October 24, 2012. REUTERS/Mike SegarView Photo

A job seeker (R) meets with a prospective employer at a career fair in New York City, October 24, 2012. REUTERS/Mike Segar

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, pointing to ongoing healing in the labor market.

Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 3,000 more new claims than initially reported.

Economists polled by Reuters had expected 360,000 claims last week.

Claims were volatile in January due to the timing of holidays and the dates on which weeks ended, but a Labor Department analyst said some of that volatility appeared to be receding. The analyst said there was nothing unusual in the data, and no states estimated their readings.

The four-week moving average for new claims, a gauge of the trend in layoffs, dropped 2,250 to 350,500. That was the lowest level since March 2008, suggesting a steady improvement in labor market conditions.

The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid increased 8,000 to 3.22 million in the week ended January 26.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-5051-52 next last

1 posted on 02/07/2013 6:42:38 AM PST by traumer
[ Post Reply | Private Reply | View Replies]

To: traumer

OK I heard on the news this morning it was UP....................


2 posted on 02/07/2013 6:46:42 AM PST by blueyon (The U. S. Constitution - read it and weep)
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer

http://www.zerohedge.com/news/2013-02-07/initial-claims-miss-second-week-row-nonfarm-productivity-tumbles-most-2008

Initial Claims Miss For Second Week In A Row As Nonfarm Productivity Tumbles Most Since 2008


3 posted on 02/07/2013 6:46:52 AM PST by ltc8k6
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer
The four-week moving average for new claims, a gauge of the trend in layoffs, dropped 2,250 to 350,500. That was the lowest level since March 2008, suggesting a steady improvement in labor market conditions.

Might that not also suggest that more people than ever have run out of benefits and failed to requalify?

4 posted on 02/07/2013 6:47:11 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer

My only question is how long the MSM will try to blow smoke up our rear ends on the economy. Their reporting on it has long surpassed ridiculous.


5 posted on 02/07/2013 6:47:49 AM PST by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer

Hey kids! It’s “Fun With Numbers” Thursday!


6 posted on 02/07/2013 6:48:05 AM PST by FlingWingFlyer (Now Playing. Obama II - The Revenge of My Father.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: skeeter

It’s insane. We’re all out here in the real world and know what’s happening. Amazing.


7 posted on 02/07/2013 6:49:29 AM PST by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: traumer

Obviously, there is no one at Yahoo who can read these BS stats from BLS. Last week’s jobless rate was revised UP by 3,000, as this week’s will probably be. To see a silver lining in these pathetic numbers is to see a pile of manure and look for a pony.


8 posted on 02/07/2013 6:51:49 AM PST by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer

Fewer people are losing their jobs, which is great news!

But the labor participation rate (the number of people WITH jobs) has dropped steadily since BHO took office, down 3.3% or around 6 million workers.

So NET job losses are quite troubling.

http://data.bls.gov/timeseries/LNS11300000


9 posted on 02/07/2013 6:53:44 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Smokin' Joe

Bump.

It is hard to continue to see a bright light in any of this.

Dems just want to grow government to control us all. The GOP just wants to outsource, leaving us all to be controlled.

How about AMERICANS, SPENDING MONEY IN AMERICA, TO HIRE AMERICANS.

Seriously.


10 posted on 02/07/2013 6:54:25 AM PST by Cringing Negativism Network
[ Post Reply | Private Reply | To 4 | View Replies]

To: Cringing Negativism Network

“unexpected”

Drink up.


11 posted on 02/07/2013 6:57:26 AM PST by EQAndyBuzz (I own a weapon to protect my family from those wanting to take that weapon away.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: traumer

Being from a rural area I have an understanding of how manure spreaders work so I see the spread of Beltway BS here.


12 posted on 02/07/2013 6:59:13 AM PST by JayAr36 (A compromise between good and evil ALWAYS BENEFITS EVIL)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blueyon

As noted in post#3, this is a numbers game that the MSM is playing.

See: http://www.freerepublic.com/focus/f-news/2986207/posts
for an explanation


13 posted on 02/07/2013 7:01:45 AM PST by kidd
[ Post Reply | Private Reply | To 2 | View Replies]

To: blueyon

Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. The prior week’s claims figure was revised to show 3,000 more new claims than initially reported.
Economists polled by Reuters had expected 360,000 claims last week.

Some fun with numbers...


14 posted on 02/07/2013 7:10:05 AM PST by traumer
[ Post Reply | Private Reply | To 2 | View Replies]

To: traumer
If these numbers were the stock market, this would be an absolute bear market.

In the last 4+ years unemployment has gone down, way down, and then basically has been sliding sideways week after week. Sure the numbers tick up a few thousand, or down a few thousand each measuring time, but the trend has been very, very clear — we are going nowhere economically.

There are no jobs and nothing is improving despite these little teeny sideways incremental shifts. That everybody is making such big news out of these lateral moves is profoundly discouraging.

The economy STILL sucks. There are no jobs and nobody is demanding better from Obama who keeps playing the role of David Copperfield by keeping people's focus off the economy.

Obama keeps pointing attention to the Boy Scouts, Guns, Immigration, Women in Combat, etc., all important issues on their own, but why are Americans, the MSM, not demanding that Obama focus on the economy. Why are they not asking why things are NOT getting any better after 4+ years!

15 posted on 02/07/2013 7:12:39 AM PST by Obadiah (We must commit to remove every Senate Blue-dog Democrat from office in 2014!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: traumer

I just talked to my friends back in Silicon Valley. They are ALL scared or already out of work. We may be looking at a repeat of 2002 in high tech.


16 posted on 02/07/2013 7:14:03 AM PST by Zathras
[ Post Reply | Private Reply | To 1 | View Replies]

To: skeeter

The MSM is playing “Baghdad Bob” on the economy.

They want to keep you “in the game” as long as possible to milk as much out of the economy as they can before the crash.

They REALLY hate “preppers”, because we know the game they’re playing, and are planning not to be “in the same boat” when it crashes.


17 posted on 02/07/2013 7:18:11 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 5 | View Replies]

To: skeeter

I saw at least two arrogant condescending “freepers” last week poo-pooing any bad news because the economy (to them) is obviously improving.

They haven’t seemed to check in on this thread yet.


18 posted on 02/07/2013 7:25:19 AM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 5 | View Replies]

To: treetopsandroofs; Wyatt's Torch; babble-on

Found ‘em, cc’d here.

They derogatorily call our comments a “conspiracy theory”.

http://www.freerepublic.com/focus/f-news/2984167/posts


19 posted on 02/07/2013 7:29:27 AM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 18 | View Replies]

To: traumer

Well if the Ministry of Propaganda says it’s true, who am I to argue?


20 posted on 02/07/2013 7:32:13 AM PST by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: treetopsandroofs

What they meant was more people gave up looking for work. Took awhile to learn how this administration talks but if you just assume everything has spin on it or is a lie or both it makes it easier to understand.


21 posted on 02/07/2013 7:32:38 AM PST by jsanders2001
[ Post Reply | Private Reply | To 18 | View Replies]

To: treetopsandroofs

Any positive graphs are “pimped out” for obvious reasons by investment bankers and the like. Things maybe slightly improving, but the fundamentals are lacking (Especially with the current government’s “hand” on manipulating currency/regulations). Investment bankers still need to make money though, so accentuate the positives and downplay the negatives.


22 posted on 02/07/2013 7:34:11 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: rollo tomasi

They’ve got at least two alleged conservatives here pimping for them.


23 posted on 02/07/2013 7:35:53 AM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 22 | View Replies]

To: treetopsandroofs

Yeah, you’re always going to get those type of comments, but there were a lot of other very good comments on that thread.

Obama’s economic malaise.

The population is growing at a far faster rate than we are creating jobs.


24 posted on 02/07/2013 7:49:22 AM PST by Obadiah (We must commit to remove every Senate Blue-dog Democrat from office in 2014!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: LucianOfSamasota

Your metric, labor participation rate, is the key people should be focusing on (along with U6).


25 posted on 02/07/2013 7:49:55 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
[ Post Reply | Private Reply | To 9 | View Replies]

To: treetopsandroofs
Not sure if I am one of the ones of whom you speak but I posted on the other weekly jobless claims post the 4-week average did in fact fall to 350,000 and that is the lowest point since March 2008. I see that the original article in this thread says the same.

Here's the data from FRED:


26 posted on 02/07/2013 7:54:00 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: traumer

Lets see, does anyone else think tha the insane numbers of people on “disability” might have something to do with it? Also just plain going up and living on other government plans? When there is no incentive to work and provide, many people will choose it. There is no pride any more, and no shame.


27 posted on 02/07/2013 7:55:03 AM PST by vpintheak (Occupy your Brain!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: treetopsandroofs
Here's the analysis from IHS Global Insight:

Initial unemployment insurance claims fell by 5,000, to 366,000, in the week ended 2 February. The four-week moving average decreased 2,250, to 352,750—the lowest since March 2008.

- Initial unemployment insurance claims fell by 5,000, to 366,000, in the week ended 2 February.

- The four-week moving average decreased 2,250, to 352,750—the lowest since March 2008.

- Continuing benefits programs reported 8,000 more claimants in the week ended 26 January, bringing the total up to 3.2 million. Regular benefits typically last for a period of 26 weeks; claimants are required to check in weekly to provide updates on their job search to receive compensation.

- Emergency unemployment compensation (EUC), which immediately follows the exhaustion of regular benefits, was provided to 1.83 million people in the week ended 19 January—a drop of 288,471.

The four-week moving average fell to its lowest level since March 2008. That’s the good news. The not-so-good news is how slow the recovery is proceeding. The four-week moving average is down only 25,000 from a year ago. Meanwhile, the January unemployment rate edged up a 10th of a percentage point, to 7.9%, down from 8.3% a year earlier.

The recent changes seen in emergency unemployment compensation and extended benefits data may reflect the effects of the American Taxpayer Relief Act of 2012. These programs had been slated to expire at the end of December; however, they were extended until the end of 2013, as part of the fiscal cliff agreement. Continuing claims and initial claims were not affected by the fiscal cliff deal. The only programs threatened by the cliff were those serving people who had been receiving unemployment benefits for upwards of 26 weeks.

January payroll employment was nothing special, at 157,000. We are expecting about the same (150,000, to be exact) for February.

28 posted on 02/07/2013 8:00:15 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: treetopsandroofs

I wasn’t “poo-pooing” [sic] the “bad news” because I think the economy is improving.

Rather, I was trying to point out the sadness of the paranoid thinking that the statisticians in the bowels of the BLS are on some sort of PR crusade to make the economy look better than it really is. The numbers are the numbers, they’re not misrepresenting them for politics, they’re doing the best they can.

Also, you should learn the difference between the weekly jobless claims data which is the gross data of new claims of benefits, and the monthly unemployment figure, which nets the newly hired from the newly jobless to come up with a “net” figure. That is the reason why you can have positive numbers in the “initial claims” data week after week, but in the monthly report show the non-farm payrolls rising.

I have to go poo-poo something else now, but I’ll be back later to check for your apology.


29 posted on 02/07/2013 8:21:20 AM PST by babble-on
[ Post Reply | Private Reply | To 18 | View Replies]

To: babble-on

“I have to go poo-poo something else now, but I’ll be back later to check for your apology.”

Not a chance.

Thanks for proving my point.


30 posted on 02/07/2013 8:30:03 AM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Cringing Negativism Network
How about AMERICANS, SPENDING MONEY IN AMERICA, TO HIRE AMERICANS.

Great concept, once one negotiates the tortuous labyrinth of things you can get sued for and pays out the small fortune in obamacare.

Me, If you want to work for my company, you're going to be a subcontractor and deal with your own stuff.

In the meantime, the government will be the biggest employee growth sector, because the rest of us have to have money left over from a finite resource when the day is done. They can just print more and promise it out to whomever they please, and make rules about who does or doesn't get hired that would land a private employer in court.

31 posted on 02/07/2013 9:03:40 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
[ Post Reply | Private Reply | To 10 | View Replies]

To: traumer

Jobless claims fall and welfare claime increased,so much for math.


32 posted on 02/07/2013 9:15:46 AM PST by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyatt's Torch; blueyon; traumer; ltc8k6; Smokin' Joe; skeeter; FlingWingFlyer; John W; txrefugee; ..
No matter how you slice it we are in a world of hurt. The Labor participation rate is the lowest in 16 years, yet we are being told that employment is trending up?





Looking back to when they began tracking the LPR, you will see that Obama is the only president to ever have consistently lowered the number of Americans who are participating in the labor market. All to make it look like the unemployment rate is not getting worse.

No matter how you slice it, the unemployment rate in America is worse today than it was when Obama was elected in 2008. Trust me, it will only get worse.
33 posted on 02/07/2013 9:43:51 AM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 26 | View Replies]

To: OneVike

I meant to say that the EPR is the lowest EVER!

I originally was going to post an image of just 16 years, but then realized I could get a graph that covered back to 84.


34 posted on 02/07/2013 9:50:43 AM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 33 | View Replies]

To: OneVike

It will only get worse.
Indeed by the day.


35 posted on 02/07/2013 9:59:49 AM PST by Vaduz
[ Post Reply | Private Reply | To 33 | View Replies]

To: OneVike

Wow, I never realized it was so bad.

At this rate Obama will have the labor participation rate down to 61.5% when he leave office in 2017.

That is frighten scary. Cool graphs. Whee did you get them?


36 posted on 02/07/2013 10:09:06 AM PST by Yellowstone Joe
[ Post Reply | Private Reply | To 33 | View Replies]

To: Yellowstone Joe
No, I lifted them from the governments website, Bureau of labor Statistics. You can find everything you need to find that will blow up the lefts attempt to convince us that the employment picture in the country is doing just fine.

Sadly, the vast amount of Americans will never seek the information they need to know the truth. That's because they want to be low information voters who are led by their noses as if they are following a Pied Piper down the road to slavery.

By the way, welcome to FR newbie.
37 posted on 02/07/2013 10:18:18 AM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 36 | View Replies]

To: OneVike
I meant to say that the EPR is the lowest EVER!

Actually it's not even close to the lowest rate ever. Here's the data from FRED back to 1970.


38 posted on 02/07/2013 10:30:26 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Yellowstone Joe

Got to the St. Louis Fed data site called FRED. 60,000+ economic time series there.


39 posted on 02/07/2013 10:32:27 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: OneVike

Thanks, interesting how the government actually posts the information needed to refute the Obama administrations claims yet the MSM cannot seem to find it so they just spout whatever they are fed.

I guess they know that the vast number of Americans will never waste their time to find the truth. They are too busy watching what’s on the latest reality show and reading about who’s who in the up coming Grammys.

Thanks for the welcome. From looking at your bio, you have been here since FreeRepublic started. That’s a looking time. Clinton was still president, and Obama was still racking up debt on his credit card. A lot has happened since you joined.

Thanks again, I guess I’ll see this comment posted sometime today, because I am still on probation. Hey you may know. How many times must I post a comment before I am off probation?


40 posted on 02/07/2013 10:53:00 AM PST by Yellowstone Joe
[ Post Reply | Private Reply | To 37 | View Replies]

To: Wyatt's Torch

Something doesn’t jive. Your chart has us above 64%, where as my chart from BLS has us currently at 63.6%.

I also only had number from BLS back to 1984. 1970 was bad, but there were a lot of other factors involved back then like those considered part of the labor force that was tracked were a much smaller total number because the population was much smaller.

There is 110 million more people in America today. No matter how you look at it there are well over 100 million Americans of working age who do NOT have a job.

Compare that to 1970, and you will see that there are more than 40 million more Americans unemployed today.


41 posted on 02/07/2013 11:17:22 AM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Yellowstone Joe

I have no idea how many times it takes to get off probation. Back when I joined there was no probation. Things have changed a lot in the last 15 years.


42 posted on 02/07/2013 11:22:20 AM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 40 | View Replies]

To: OneVike
Here's the data back to the 1940's (also from the St. Louis Federal Reserve FRED site)

Yes, there are a lot of unemployed (I never said there weren't) and the labor market could certainly be much better. One thing that is not taken into account by most is the retirement of the Baby Boomer cohort which is the biggest reason why the participation rate got so high. As you can see from the FRED chart, participation peaking prior to 2000 and has been on a declining trend ever since.

43 posted on 02/07/2013 11:29:57 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: OneVike
Your chart has us above 64%, where as my chart from BLS has us currently at 63.6%.

For some reason that first FRED chart stopped in 2011. The one li just posted back to the 1940's is current through Jan 2013 and also shows 63.6% as the current rate.

44 posted on 02/07/2013 11:33:51 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: OneVike

As an FYI there is a link at the FRED site that allows you to download the data to Excel. It’s on the left just under the chart heading of: Graph: Civilian Labor Force Participation Rate (CIVPART)


45 posted on 02/07/2013 11:38:02 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: traumer

“The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, a sign the grinding recovery in the labor market remains on track” source “http://finance.yahoo.com/news/...";
“Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said.”
“The four-week moving average for new claims, a gauge of the trend in layoffs, dropped 2,250 to 350,500. That was the lowest level since March 2008.”
Obama created 5 million jobs in last 4 years! Wow!
So at best, 4 weeks at 350,000 = 1,400,000 per month!
So far research shows the best MONTH of job creation was February of 2011 261,000 (source “http://www.nationalreview.com/...";)
1,400,000 - 261,000 = 1,139,000 without jobs just for that month.


46 posted on 02/07/2013 12:03:41 PM PST by Fully Awake DAV (Navy Vet when homosexuality was not tolerated)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fully Awake DAV

That’s not how it works. The Initial Claims is one half of the equation as thousands of people are hired and fired every week. The NFP data is the NET job growth (or contraction). So, roughly, hirings less firings.


47 posted on 02/07/2013 2:32:45 PM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Wyatt's Torch; blueyon; traumer; ltc8k6; Smokin' Joe; skeeter; FlingWingFlyer; John W; txrefugee; ..
Ok, this will be a bit long and I hope it gets my point across.

First off, you want to obfuscate the facts by bringing up data from a time when America was still recovering from a war with millions of men returning and when they replaced as many women in the workforce who themselves went home to become wives with 4 to 8 each on the average.

Besides, the country was still a strong agricultural and rural society that would eventually move to the cities. The world was different and changing. So we cannot compare apples to oranges which you are trying tom do.

I compare things as they are now to a time that much closer resembles today. So at a time when America was recovering from the Carter malaise in the late 70's and at a time under Ranoldo Maximus when America was becoming robust.

Now we can see that from the 2000's when we were still recovering from the dotcom burst and then 9/11. The country was actually recovering from both those moments under GW by mid 2004. It wasn't until the left brought things down via the housing bust that the economy began crashing, just in time for the 2012 election.

So we compare things under Obama's so-called recovery to GW's and we can see that we are and will be in a world of hurt for quite some time.

Now, I will not deny the boomer retirement has began hitting to effect things. After all the boomer generation goes from 1946 and 1964, with the peak birth years ranging from 1952 to 1957. The first boomers hit early retirement age in 2008, with the peak years for baby boomer retirements years getting ready to hit from 2017 to 2022.

However, an even better picture of the unemployment picture would be the U6 figures that I have posted below.





However another thing that is quickly outpacing the number of retirees from the boomer generation is the illegal immigrants that will soon become citizens. When they start counting them get ready for the unemployment numbers to go stratospheric.

I say stratospheric because the only portion of boomers that will effectively be higher than any years after on retirement age will be those from 35 to 45, other than that the population in America is staying stagnant at approximately 20 million births every 5 years.

The graph below is based upon 2000 numbers so I'll let you extrapolate the numbers to get to what they will actually be as of today. Just remember that those boomers in the graph have been dieing off so as of today those numbers will obviously be lower.

Personally, I think there is way too much emphasis put on the boomers hitting retirement because by they leave the workforce we will be having anywhere from 12 to 15 million undocumented illegals that will soon be part of the workforce.



However my point is we do NOT have a recovery going on. We are in fact on the precipice of the best we will ever get out of an Obama economical miracle. We are set to fall off that cliff and fall hard. All the indicators point to it, all except the stock market, but that is only because the stock market has ceased to be a place where middle class Americans can play.

I wrote way more than I wanted to, and am now having nerve problems in my arms so I'll leave it with you to digest everything. Later tonight I'll check back to see what you come back with.
48 posted on 02/07/2013 2:47:31 PM PST by OneVike (I'm just a Christian waiting to go home)
[ Post Reply | Private Reply | To 43 | View Replies]

To: OneVike
I liked your post. I will offer a counter point to your point that the economy was bouncing back after 9/11. In retrospect, there were some troubling systemic trend occurring.

1.) One was the teenage unemployment rate- it never recovered to the extent of other demographic groups. Then when the Democrats took over congress in 2006 and raised the minimum wage, the unemployment rate for teenagers rose again. This is troubling for our economy for the next 50 years. Studies show that teenagers that work are more productive and higher wage earners in their adult life. We already see these decade 2000's teenagers are having trouble getting and keeping jobs in their 20's.

2.) Another warning we missed was that the PPI exceeded the CPI for much of the 2000's. This put huge pressure on the workforce which is why the US is the most productive country in the world. However, indications are this ship has already sailed... see today's forth quarter production numbers.

3.) Related to point #2 is commodity inflation. While the government was trying to deflect high oil prices on greedy oil companies and speculators, they ignored the impact of the weak dollar. Consumers did not mind because the fed was pumping so much money into housing they were having an equity field-day.

49 posted on 02/07/2013 3:19:35 PM PST by 11th Commandment (http://www.thirty-thousand.org/)
[ Post Reply | Private Reply | To 48 | View Replies]

To: OneVike
Yep, good post. For the life of me I simply cannot understand why no one is demanding a better economy. The only answer there really is is that the corrupt, partisan MSM is covering Obama's backside by never reporting on it or glossing over it, or putting the best face on disaster.

Having now said all that, WHERE ARE THE REPUBLICANS??

Why are they not - daily - putting the screws to Obama on the economy? Why? Remember when Pelosi did this constantly with Bush -- at 5% unemployment?

There simply is NO message at all from Republicans let alone a sustained message of attack on the Obama's economy.

So the reality is, is that nothing will change until the economy finally craters and there is real, tangible, misery. Right now it's all being masked by Monopoly money that's being printed to keep the EBT cards going and the UE benefits, and the disability benefits, and the Food Stamps, etc.

One day soon this house of cards will come tumbling down. It will be sudden, and it will be painful.

50 posted on 02/07/2013 4:17:24 PM PST by Obadiah (We must commit to remove every Senate Blue-dog Democrat from office in 2014!)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson