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The Unemployment Puzzle: Where Have All the Workers Gone?
Wall Street Journal ^ | 04/05/2014 | By GLENN HUBBARD

Posted on 04/06/2014 4:50:29 PM PDT by SeekAndFind

A big puzzle looms over the U.S. economy: Friday's jobs report tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession. But at the same time, only 63.2% of Americans 16 or older are participating in the labor force, which, while up a bit in March, is down substantially since 2000. As recently as the late 1990s, the U.S. was a nation in which employment, job creation and labor force participation went hand in hand. That is no longer the case.

What's going on? Think of the labor market as a spring bash you've been throwing with great success for many years. You've sent out the invitations again, but this time the response is much less enthusiastic than at the same point in previous years.

One possibility is that you just need to beat the bushes more, using reminders of past fun as "stimulus" to get people's attention. Another possibility is that interest has shifted away from your big party to other activities.

Economists are sorting out which of these scenarios best explains the slack numbers on labor-force participation—and offers the best hope of reversing them. Is the problem cyclical, so that, if we push for faster growth, workers will come back, as they have in the past with upturns in the business cycle? Or do deeper structural problems in the economy have to be fixed before we can expect any real progress? To the extent that problems are related to retirement or work disincentives that are either hard to change or created by policy, familiar monetary or fiscal policies may have little effect—a point getting too little attention in Washington.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; unemployment; workers
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1 posted on 04/06/2014 4:50:29 PM PDT by SeekAndFind
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To: SeekAndFind

2 posted on 04/06/2014 4:51:33 PM PDT by SeekAndFind (uestion)
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To: SeekAndFind

You cannot grow bacteria in petri dish full of molten lead.


3 posted on 04/06/2014 4:53:12 PM PDT by deadrock (I am someone else.)
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To: SeekAndFind

Let me put it this way:

I would love a break down of all the jobs private and public sector created over the last 6 years.

I have the feeling we have a ton of people off the books and also a ton who were put on government employment welfare at high pay on the private sector’s tax dollar.


4 posted on 04/06/2014 4:53:15 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: SeekAndFind

Obama has dragged us back down to the Carter Presidency.


5 posted on 04/06/2014 4:54:13 PM PDT by taxcontrol
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To: SeekAndFind

I know a bunch of women who worked in real estate during the bubble and do not now. They didn’t need the jobs. They liked the money.


6 posted on 04/06/2014 4:57:57 PM PDT by WriteOn (Truth)
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To: SeekAndFind

“Where Have All the Workers Gone?”

They are on disability.


7 posted on 04/06/2014 5:00:17 PM PDT by headstamp 2 (What would Scooby do?)
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To: SeekAndFind

do deeper structural problems in the economy have to be fixed before we can expect any real progress?

Obama would say YES and so doing destroy any further
progress. Get Government out of the way, and watch this
country soar.


8 posted on 04/06/2014 5:02:42 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: SeekAndFind

Is there a change in the makeup between government workers and private? I’ll bet the reason this isn’t worse is because the government jobs have expanded. Government jobs which produce no goods or services to enhance value.


9 posted on 04/06/2014 5:05:53 PM PDT by Portcall24 (aer)
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To: SeekAndFind
I believe the un-employment rate does not include all who are
unemployed but only those receiving Unemployment insurance.

There are millions who no longer receive benefits.


10 posted on 04/06/2014 5:07:39 PM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: SeekAndFind
The Unemployment Puzzle: Where Have All the Workers Gone?

This is not a puzzle. The Feds are cooking the book. Simple as that. Also explains why the math no longer works.

I reckon the true unemployment rate is somewhere around 15%, maybe higher.

11 posted on 04/06/2014 5:08:07 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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To: SeekAndFind
Big Media regurgitates the U-3 unemployment rate issued by the Feds. The best number to look at is the U-6 which is 12.7% according to them.

But even the U-6 numbers seem fudged in order to keep the economic charade going.

Would the Real Unemployment Number Please Step Forward?

According to ShadowStats.com website the U-6 is really closer to 23%/24%.
12 posted on 04/06/2014 5:08:11 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: SeekAndFind

As taxes go up, the underground economy expands. It’s called the Laffer Curve.

Greece has that going on right now.
70% of the activity is underground.......


13 posted on 04/06/2014 5:08:54 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: SeekAndFind

Looks like the party is in the wagon. You all pulling the wagon are going to have to do a better job. Slackers.

(/sarcasm)


14 posted on 04/06/2014 5:13:34 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: SeekAndFind

Well lets see.

If I’m a guy who has worked my ass off for 20 years, my job has been sent off to India or China, and I’m faced with the choice of:

A:) Go to work at a ‘McJob’ for $10 per hour and take orders from some ignorant bastard that’s just barely removed from Puberty, and has an IQ that’s around room temperature.

B:) Sit on my ass at home all day or ‘go fishing’ and collect a check that nets out to about the same dollar amount as option ‘A’.

Which option do you think they will choose?

The people that wrote this article obviously don’t get out of their offices much.


15 posted on 04/06/2014 5:13:41 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: 4Liberty

16 posted on 04/06/2014 5:14:11 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: SeekAndFind

Anyone posted the number of ‘disabled’ in Detroit? That number will rock your socks...


17 posted on 04/06/2014 5:14:16 PM PDT by GOPJ (.'Dog Shit' could be sold to 7 million citizens if the IRS fined those who refused to buy it...)
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To: KoRn

Either way you go with A or B you still are a McMoron!


18 posted on 04/06/2014 5:15:14 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: SeekAndFind

TANF SNAP SECTION 8 SSDI SSI EITC WICS
OBAMAPHONE GASELECTWATER ASSISTANCE ETC. That’s where they went.


19 posted on 04/06/2014 5:15:51 PM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: 4Liberty

Amazing how the Laffer Curve agrees with Josef who later became vice-prez of ancient Egypt.


20 posted on 04/06/2014 5:16:02 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: KoRn

I closed down my business last spring. I have been going from taking care of one elderly relative after another. I thought I could take some time just kicking around before looking. Instead, I spend time at the probate office, filling out forms, and going to nursing homes.

I am working harder than I was when I was working.


21 posted on 04/06/2014 5:16:52 PM PDT by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: SeekAndFind

some of us workers are still out here but its not easy to make a good employment connection, especially during this (in many business sectors and regions) awful recession


22 posted on 04/06/2014 5:16:56 PM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: Portcall24

I had read that there are fewer federal workers today than at the beginning of Obama’s disaster. Still the percentage of public vs private has continued to climb on the public side.

I’d love to see a good analysis of this declining number of federal workers if it is indeed true at all. Military decline? More privatized services? I don’t know.


23 posted on 04/06/2014 5:17:32 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: SeekAndFind

Where have all the workers gone, long time passing?
Where have all the workers gone, long time ago?
Where have all the workers gone?
Bambi screwed them everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?

Where have all the good jobs gone, long time passing?
Where have all the good jobs gone, long time ago?
Where have all the good jobs gone?
Gone to China everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?

Where has all the freedom gone, long time passing?
Where has all the freedom gone, long time ago?
Where has all the freedom gone?
Gone to Marxists everyone
Oh, when will they ever learn?
Oh, when will they ever learn?

Where have all the people gone, long time passing?
Where have all the people gone, long time ago?
Where have all the people gone?
Gone to graveyards, everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?

Where have all the graveyards gone, long time passing?
Where have all the graveyards gone, long time ago?
Where have all the graveyards gone?
Gone to flowers, everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?

Where have all the flowers gone, long time passing?
Where have all the flowers gone, long time ago?
Where have all the flowers gone?
Bambi picked them everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?


24 posted on 04/06/2014 5:20:23 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: SeekAndFind

The Unemployment Puzzle: Where Have All the Workers Gone?

ANSWER: GOVERNOR PERRY: UNEMPLOYMENT FIGURES SHOW TEXAS KEEPING AMERICA AFLOAT

http://www.freerepublic.com/focus/f-news/3141465/posts


25 posted on 04/06/2014 5:21:48 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: Jim Robinson

I like it. It’s an improvement over the original.


26 posted on 04/06/2014 5:26:47 PM PDT by windsorknot
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To: Portcall24
Agreed. Here's some info.

Leviathan (Uncle Sam employs more people than you think)
National Review ^ | 02/03/2011 | Iain Murray
"...nearly 40 million Americans employed in some way by government."

Heavy Hitters: Top All-Time Donors, 1989-2014
http://www.opensecrets.org/orgs/list.php
“2 American Fedn of State, County & Municipal Employees $60,949,129 [Democrat] 81% [Republican] 1%”

They discuss politics with Republicans while giving our money to Democrats.

About "70 million" people receiving incomes from various levels of government and government-linked businesses receive large incomes but are steeped in debt and spending all that they receive.

Meanwhile,...

More Than 101 Million Working Age Americans Do Not Have A Job
http://www.freerepublic.com/focus/f-bloggers/3005481/posts


27 posted on 04/06/2014 5:29:14 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: windsorknot

No apologies to Pete Seeger.


28 posted on 04/06/2014 5:29:50 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: faithhopecharity

Over 50 and laid off. I’ve been looking for work in my field for over 2 years now. I’m living off of savings.


29 posted on 04/06/2014 5:30:58 PM PDT by virgil
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To: Portcall24
More info on government spending.

Three-quarters of Americans think teachers paid less than they really are
Washington Examiner ^ | 9-16-13 | ASHE SCHOW
"Seventy-four percent of Americans think teachers make less than they really do, according to a new poll from Rasmussen. The average teacher salary in America is $55,000 (upward of $75,000 in Chicago), but three quarters of Americans think teachers earn less than that. Over half of Americans (52 percent) believe teachers are paid too little."

Obama signs emergency bill to halt teacher layoffs
yahoo ^
Posted on Tue Aug 10 17:38:51 2010
"The aid for the states is to be paid for mostly by closing a tax loophole used by multinational corporations and by reducing food stamp benefits for the poor...The legislation provides $10 billion to school districts to rehire laid-off teachers or to ensure that more teachers won't be let go before the new school year begins."

Mutually Assured Destruction [Tues. debacle confirms growing rift between Dems & teachers unions.]
American Spectator ^ | 11/5/10 | RiShawn Biddle
"Congressional Democrats angered centrist school reformers, MoveOn.org-style progressives, and other party activists in August when they voted to ladle $10 billion in federal subsidies (funded from future cuts to the Food Stamp program) to school districts in order to stave off layoffs of 160,000 teachers (or just 2.6 percent of the nation's 6.2 million school employees). In turn, the National Education Association and the American Federation of Teachers poured more than $40 million of their hefty campaign war chests (including more than $15 million by the NEA in the last weeks of the election season alone) to help the Democrats keep full control of Congress."


30 posted on 04/06/2014 5:34:14 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: listenhillary

The ONLY way I can see that there are fewer Government employees than when Obama took over is that there has been a massive layoff in the DoD and/or they are counting military as federal workers.


31 posted on 04/06/2014 5:35:03 PM PDT by Bryan24 (When in doubt, move to the right..........)
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To: virgil

Be strong and of good courage.


32 posted on 04/06/2014 5:40:34 PM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: upchuck
I reckon the true unemployment rate is somewhere around 15%, maybe higher.

ShadowStats puts it at about 24%.

Other reports put it at 37.4%.

33 posted on 04/06/2014 5:42:43 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: SeekAndFind

Social Security Disibility.


34 posted on 04/06/2014 5:48:12 PM PDT by dalereed
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To: headstamp 2

or work disincentives ie: the y’all pays me not to work crowd.


35 posted on 04/06/2014 5:59:04 PM PDT by Recompennation (Constitutional protection for all not ju st selectively for Democrats.)
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To: SeekAndFind
Expect the unemployed to come bouncing back when a Republican retakes the White House.

-PJ

36 posted on 04/06/2014 6:06:44 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: A CA Guy
so many people are content to suck the govt teet for every advantage....disability...SS...free phones...free food....free college....free health care...

as my two lazy arse inlaws have found, life is sweet when not one but two married adults just happen to become "disabled" and just happen to have enough money for second house, extra property in the country and two sports cars, and yet I doubt either of them or combined pay any property tax nor income tax.....the SIL did a stint when her kids were young on SS disability and socked away a nice wad of money...she came off of it for a few "working" years and schazaammmm.....she got "disabled" again...

him....hurt his hand at his work....believe me, they talked about moving to Hawaii the day after he "hurt" his hand, with $$$$ rolling in their eyes....

the work ethic is gone....perhaps the smarter ones know this and are taking all they can right now before its all gone...

37 posted on 04/06/2014 6:09:14 PM PDT by cherry
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To: UriÂ’el-2012

Yup. And they aren’t telling anyone either.


38 posted on 04/06/2014 6:21:40 PM PDT by huldah1776
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To: Jack Hydrazine

I think your analysis is probably spot on ... oh, by the way the IRS, Homeland Security, FBI, BAT, etc. will be visiting soon as you appear to be a “thought” criminal.


39 posted on 04/06/2014 6:29:39 PM PDT by RetiredTexasVet (Unintended Consequences: Expanded Autism Spectrum now includes the entire Obama Administration)
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To: upchuck

I’m sure you’re right about books being cooked by the feds. Buy I still wonder how all those people who can’t find jobs and don’t have UE checks coming in and did NOT get on disability are feeding themselves?


40 posted on 04/06/2014 6:30:17 PM PDT by VerySadAmerican
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To: RetiredTexasVet

I’m warming up some tea as we speak!


41 posted on 04/06/2014 6:32:54 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: VerySadAmerican
they aren't but their wives/girlfriends prolly still have jobs... from what i've seen/read it's mostly men that lost their job
42 posted on 04/06/2014 6:36:05 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: SeekAndFind
What's going on? Think of the labor market as a spring bash you've been throwing with great success for many years. You've sent out the invitations again, but this time the response is much less enthusiastic than at the same point in previous years.

One possibility is that you just need to beat the bushes more, using reminders of past fun as "stimulus" to get people's attention. Another possibility is that interest has shifted away from your big party to other activities.

Who wrote this?

43 posted on 04/06/2014 6:42:43 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: huldah1776; All
U-6 Total unemployed, plus all persons marginally attached to the labor
force, plus total employed part time for economic reasons,
as a percent of the civilian labor force plus all persons marginally
attached to the labor force

U-6 the real unemployment = 12.7%


44 posted on 04/06/2014 7:32:38 PM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: SeekAndFind

Underground Economy...........out of sight, out of mind, out of the oppressive Federal taxes......


45 posted on 04/06/2014 7:39:25 PM PDT by 4Speed
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To: SeekAndFind

They’re sitting in their houses paid for by your tax dollars and munching on cheetoes bought with your tax dollars.


46 posted on 04/06/2014 7:44:47 PM PDT by bgill
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To: SeekAndFind

I retired and took my SS rather than make a dime for this president to spend.


47 posted on 04/06/2014 7:58:29 PM PDT by jyro (French-like Democrats wave the white flag of surrender while we are winning)
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To: A CA Guy

Obamacare has created lots of new bureaucrats.


48 posted on 04/06/2014 8:02:58 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: VerySadAmerican
Buy I still wonder how all those people who can’t find jobs and don’t have UE checks coming in and did NOT get on disability are feeding themselves?

Primarily via food stamps.

As a triage interviewer at a local food/clothing bank, I talk w/ people all the time whose only income is their food stamps.

Many of them work day jobs under the table, clean houses for cash, mow yards, etc. Whatever they can do to get cash.

It's really sad.

49 posted on 04/06/2014 8:43:54 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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To: upchuck

The workers are still here, the question should be “where have all the JOBS gone”?

The bad part of this is, the “workers” want more than they are worth and the companies cannot afford to pay them what the workers THINK they are worth. Why have workers at all if you pay out everything you make in wages and benefits?


50 posted on 04/07/2014 4:53:55 AM PDT by DaveA37
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