patrick.net

rooemoore says

talented IT

That's funny...

You don't "Have Christmas" it just is Christmas.
Look they ask for shit to get done in the time frame they give, and I just deliver. They don't care who I have to sort out in between.

robertoaribas says

RentingForHalfTheCost says

Considering the promised entitlements that are only growing by the month, things are only going to get worse.

more made up crap I see... Well, I guess we all do what we do best.

You should read up on how much entitlements are a part of our continue deficit problems at municipal, state and national level. I can't be blamed for yours ignorance.

robertoaribas says

Dan8267 says

That is even more of a meaningless statistic.

actually, anything under 400K in new claims for unemployment is considered to mean an improving job market, anything over means a job market getting worse.

But nevertheless, the lowest number is over 6 years is certainly a good report.

How can you have an improving job market with little to no job growth? Low new claims just shows us that companies are not laying off (good news) and more and more people are dropping out of the workforce (bad news). The Elephant in the room is that we are not creating any new jobs and our population is grow while growing older at the same time. All very bad news to me. But keep hoping dude.

robertoaribas says

said were true, we wouldn't be seeing increasing employment over these past 3 years;

Looks pretty anaemic to me. We are not even close to what is needed in job growth to keep the percentage of employed constant in this nation. Remember, that more people come into the work force every day. Now you are trying to tell us that jobs growth is great! Jeez.

http://www.deptofnumbers.com/employment/states/

robertoaribas says

I get it. You completely screwed up analyzing the housing market.

A house is a lower percentage of my wealth today. So, I hope to keep screwing up. In the end we are all playing with Fiat money anyway.

Great jobs picture in this country. Lets go all in! Not.

http://www.usnews.com/news/articles/2013/01/04/why-to-worry-about-the-2013-job-market-in-5-charts

Funny, how you have to go to foreign media to get the truth sometimes.

http://www.telegraph.co.uk/finance/economics/9974327/US-jobs-growth-stalls-reaction.html

robertoaribas says

rentingwithhalfabrain: you spent all that time searching for press that says what I predicted last year:

tepid growth in 2013, due to sequestration, and european headwinds, followed by a much better 2014 and 2015.

I've seen nothing to change my analysis yet.

Oh, so now you are talking about a prediction of things getting better. I thought your OP was crowing about how good it was getting now. My mistake. I'll keep looking for the turn-around you predict. Thanks

CaptainShuddup says

The rest of you Assholes with masters degrees in Lithuanian Lesbian studies, need to get busy and make us a Goddman cheese burger, making money is tiring work, and we gets hongry!

I can think of better uses for a woman with a masters degree in Lithuanian Lesbian studies.

robertoaribas says

tepid growth in 2013, due to sequestration, and european headwinds, followed by a much better 2014 and 2015.

"due to sequestration"... you mean the anti-business, anti-corporate attitude that pervades the govt today. Where is the "pro-growth" measures being championed by the left wing administration which will fuel private companies to invest into capital goods which create jobs.

RentingForHalfTheCost says

Funny, how you have to go to foreign media to get the truth sometimes.

http://www.telegraph.co.uk/finance/economics/9974327/US-jobs-growth-stalls-reaction.html

the most important quote... and why fewer jobless numbers... many that dropped out and are not participating in the workforce. of course Roberto is ignoring the low participation rate in the economy...

"The one thing consistent with the lackluster recovery we've been having is that discouraged workers don't seem to be coming back into the labor market. The participation rate continued to slide in this report. By this point in the cycle, it should be inching higher. So the concern lately is about whether the U.S. is heading for a slowdown."

Maybe more people are simply going straight to disability...

http://www.ssa.gov/oact/STATS/dibStat.html

http://www.theatlantic.com/business/archive/2013/03/disability-insurance-americas-124-billion-secret-welfare-program/274302/

http://online.wsj.com/article/SB10001424127887323511804578298151374531578.html

Signs of the problem surfaced Friday, in a dismal jobs report that showed U.S. labor force participation rates falling last month to the lowest levels since 1979, the wrong direction for an economy that instead needs new legions of working men and women to drive growth and sustain a baby boomer generation headed to retirement.

The unemployment rate in Friday's report fell to a four-year low of 7.6%, which most times signals job growth. This time it reflected workers leaving the workforce, a problem that could persist: Economists say relatively few people are likely to trade their disability checks for paychecks, in part because the program doesn't give much incentive to leave.

robertoaribas says

because it has NOTHING to do with new applications for unemployment.

Only people who were employed can apply for unemployment.

If divorce rates drop, claiming less people are trying to get married would be equally irrelevant.

like i said... totally ignoring the participation rate.

http://www.huffingtonpost.com/2013/04/06/labor-force-participation-rate_n_3028135.html

The falling participation rate tarnished the only apparent good news in the jobs report the Labor Department released Friday: The unemployment rate dropped to a four-year low of 7.6 percent in March from 7.7 in February.

People without a job who stop looking for one are no longer counted as unemployed. That's why the U.S. unemployment rate dropped in March despite weak hiring. If the 496,000 who left the labor force last month had still been looking for jobs, the unemployment rate would have risen to 7.9 percent in March.

"Unemployment dropped for all the wrong reasons," says Craig Alexander, chief economist with TD Bank Financial Group. "It dropped because more workers stopped looking for jobs. It signaled less confidence and optimism that there are jobs out there."

The participation rate peaked at 67.3 percent in 2000, reflecting an influx of women into the work force. It's been falling steadily ever since.

The business of "number of jobs" is useless, unless we know the average income of these newly added jobs. These two factors (number of jobs and average income) provides a clue to the so-called recovery; in other words, we can figure out how much these jobs would add to the aggregate demand.

Top Line Employment Looks Good, But Full Time Job Growth Is Falling Apart Since QE3

“Once again this month, the actual data was smack on the trend of the past year. The number of jobs has been growing at virtually the same rate for the past 18 months, around 1.5% per year, give or take a tenth or two. The growth in jobs is tracking population growth, therefore there has not been, much reduction in the unemployment rate.”

“Here’s where we get to the problem. Full time employment growth is badly lagging total employment. Part time jobs are nice, and for many that hold them, they are a lifeline, but the important metric here is full time jobs. Without those, we’re dead. ”

“The 10 year average increase in full time jobs for February was 216,000, pulled down by a big negative number in 2009. Excluding that year, the average would have been 336,000. This year’s gain was short of that average and was better than only 4 of those 10 years, as well as weaker than the last 2 years. This is bad news. The anecdotal reports that there aren’t enough good jobs out there are supported by these numbers. QE3-4 is not helping. The market did better last year when the Fed was in a QE pause.”

http://wallstreetexaminer.com/2013/03/11/top-line-employment-looks-good-but-full-time-job-growth-is-falling-apart-since-qe3/

The stagnation behind the excellent jobs report

“All is not entirely sweetness and light, though, as Brad DeLong and many others have noted. The number of multiple jobholders rose by 340,000 this month, to 7.26 million — a rise larger than the headline rise in payrolls. Which means that one way of looking at this report is to say that all of the new jobs created were second or third jobs, going to people who were already employed elsewhere. Meanwhile, the number of people unemployed for six months or longer went up by 89,000 people this month, to 4.8 million, and the average duration of unemployment also rose, to 36.9 weeks from 35.3 weeks.

In terms of the economy, it’s not good enough to simply increase employment and decrease unemployment, if the proportion of people with jobs isn’t actually going up.”

http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/

If there were absolutely no jobs, and everyone stopped looking, the unemployment rate would be zero. Looking at the reported unemployment rate without also looking at the labor force participation rate may result in erroneous conclusions.

Maybe this will help answer some questions:

http://www.bls.gov/news.release/pdf/empsit.pdf

Positive GDP is quite compatible with a decreasing standard of living, increasing food stamp roles, increasing disability roles, and flat or decr3easing median income.

So when one says the economy is or will be improving, you cannot merely cite current or expected future GDP. It can be an irrelevant metric.

Call it Crazy says

Do you EVER stop crying about wealth distribution???

Why don't you stop wasting your time posting here and go become a 1%'er.......

I'm not worried about myself or my family--we're doing fine. I'd like the US to have a healthy economy and it can't happen at current disparity levels.

robertoaribas says

this is not actually uncommon in the early stages of recovery. Companies start by highering cheaper part time employees

That would be great if it were true. The numbers I see say that companies are trading full time jobs for multiple part time jobs to avoid Obamacare mandates. It's nice you are so desperate for good news, but I don't see anything to cheer about. Labour force participation is back to where it was in the mid 70's when large numbers of women were entering the labour force that would have not worked in the economy of the 50's or 60's.

bob2356 says

robertoaribas says

this is not actually uncommon in the early stages of recovery. Companies start by highering cheaper part time employees

That would be great if it were true. The numbers I see say that companies are trading full time jobs for multiple part time jobs to avoid Obamacare mandates. It's nice you are so desperate for good news, but I don't see anything to cheer about. Labour force participation is back to where it was in the mid 70's when large numbers of women were entering the labour force that would have not worked in the economy of the 50's or 60's.

now now.. lets no talk about people exiting the workforce being discouraged when unable to find a job. no point speaking of robertos comments being even slightly biased.

the POD is good.. be part of the POD...