Employment & Labor Force Participation

Discussion in 'Labor & Employment' started by waltky, Jan 9, 2016.

  1. waltky

    waltky Well-Known Member

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    94,103,000 Americans Not in Labor Force...
    :omg:
    Labor Force Participation Improves Slightly; 94,103,000 Americans Not in Labor Force
    January 8, 2016 | The number of Americans not in the labor force last month totaled 94,103,000 -- a slight improvement from the 94,446,000 not in the labor force in November--and the labor force participation rate increased a tenth of a point, with 62.6 percent of the civilian noninstitutional population either holding a job or actively seeking one.
    See also:

    Growing Percentage of Men 25-to-54 Say 'Home Responsibilities' Keep Them Out of Labor Force
    January 8, 2016 | Among the data it tracks, the Labor Department's Bureau of Labor Statistics counts how many people are not participating in the labor force; and in a new report, it also examined the reasons people give for their non-participation: retirement, illness or disability, home responsibilities, school, or "other reasons."
     
  2. waltky

    waltky Well-Known Member

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    Some jobs likely to decline, other jobs likely to increase...
    :confusion:
    The Big Freeze Is Coming to These US Jobs
    January 20th, 2016 - The U.S. Postal Service employs more than a half-million workers who deliver more mail to more people in a larger geographical area than any other postal service in the world.
     
  3. gamewell45

    gamewell45 Well-Known Member Past Donor

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    If you want a career in the medical field, you'll most likely due well thanks to the aging baby boomers. Funny that people make money on others getting sick or infirm.
     
  4. OldManOnFire

    OldManOnFire Well-Known Member

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    I wonder how they account for sole-proprietarships?

    They mention 'actively seeking work' which is ascertained by those receiving unemployment compensation and/or monthly surveys...both not very accurate.

    Do the numbers include/exclude those in the military and institutionalized?

    Lastly, I believe the US government forecasts the participation rate to continue dropping every year...so less people working, less tax revenues, less economy...
     
  5. waltky

    waltky Well-Known Member

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    Mixed employment news...
    :confusion:
    Labor Force Participation Improves; 93,688,000 Americans Not in Labor Force
    March 4, 2016 | The number of Americans not in the labor force last month totaled 93,688,000, 374,000 fewer than the 94,062,000 not in the labor force in January--and the labor force participation rate also improved, with 62.9 percent of the civilian noninstitutional population either holding a job or actively seeking one.
    See also:

    More Older Workers Returning to Labor Force; More Long-Term Unemployed
    March 4, 2016 | Rep. Dan Coats (R-Ind.), chairman of the Joint Economic Committee, said on Friday that although the economy is adding jobs, the latest jobs report "seems far better than it actually is."
    Related:

    BLS: Black Unemployment 8.8%, Latino 5.4%, White 4.3%, Asian 3.8%
    March 4, 2016 | For February, the national unemployment rate was 4.9%, but for whites alone it was 4.3%, and for Blacks it was 8.8%, more than double the rate of whites, according to the latest data available from the Bureau of Labor Statistics (BLS). Asians had the lowest unemployment rate at 3.8%, and Hispanics' unemployment rate in February was 5.4%.
     
  6. OldManOnFire

    OldManOnFire Well-Known Member

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    Definition;

    In the United States, the civilian noninstitutional population refers to people 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (penal, mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.

    Interesting that we use those older than 16 for the calculation when most 16 year olds are supposed to be in school and at most having part-time temporary work?

    Also interesting is we don't count those on active duty in the Armed Forces? Many of those in the Armed Forces selected it as their vocation and/or careers. There are 1.3 million active personnel with another 800K in the reserves.
     
  7. waltky

    waltky Well-Known Member

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    Labor Force Participation Rate Drops...
    :omg:
    Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out
    May 6, 2016 | The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement.
    See also:

    12,379,000 Blacks, 13,878,000 Hispanics Not in Labor Force in April
    May 6, 2016 - The number of Hispanics not in the labor force last month totaled 13,878,000 -- 274,000 more than in March, the Bureau of Labor Statistics reported on Friday.
    Related:

    US jobs growth falters in April
    Fri, 06 May 2016 - The US economy added 160,000 jobs in April - undershooting expectations and well below the 208,000 created in March.
     
  8. Deckel

    Deckel Well-Known Member Past Donor

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    The Democratic party is very good at killing jobs in the south and then complaining about the south being welfare states. When was the last time they killed a job in a blue state? Now Shrillery wants to kill coal completely. Things are going to get worse in employment if she wins. A lot worse.
     
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  9. Mircea

    Mircea Well-Known Member

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    So what?

    What Law of Economics says every able-bodied person must be in the Labor Force?
     
  10. Ndividual

    Ndividual Well-Known Member

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    More likely it would be the natural law of survival.
     
  11. Mircea

    Mircea Well-Known Member

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    So you're going to point a gun at people's heads and force them to work whether they want to work or not?

    That's not Economics, that's Slavery.
     
  12. Ndividual

    Ndividual Well-Known Member

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    Do we point a gun at people's heads to force them to breathe whether they want to or not?

    It's more akin to weaning an infant.
     
  13. Mircea

    Mircea Well-Known Member

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    Employment is a voluntary activity, not a requirement.
     
  14. Ndividual

    Ndividual Well-Known Member

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    As is living.
     
  15. Mircea

    Mircea Well-Known Member

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    At the end of the day, the LFPR is just another number you don't understand.
     
  16. Ndividual

    Ndividual Well-Known Member

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    And you wish to imply that you do without providing any evidence of your claim?

    Everyone is free to work for another or to be self employed as they see fit. Income is the result of ones labour and if no labour is performed the result is, or rather it should be, no income is produced. Maybe we should eliminate using the term 'unemployed' and instead call them non-productive self employed persons.
     
  17. Mircea

    Mircea Well-Known Member

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    America has near record 5.8 million job openings

    http://money.cnn.com/2016/05/10/news/economy/job-openings/index.html

    An high LFPR may indicate skills mismatch.

    See, you learned something new.

    In the US, persons not in the Labor Force are not considered unemployed.

    Persons not in the Labor Force are not inherently non-productive. They may volunteer their time in the local community.

    Now you have two new things to consider,
     
  18. Ndividual

    Ndividual Well-Known Member

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    Legs provide a means by which that problem has been solved throughout history.

    And now you have learned something most everyone else already knows.


    Any adult who is dependent upon others/government for the provision of their needs and support should be categorized as unemployed or underemployed if they're producing some of their means of support.

    If someone is doing something beneficial to society then they should receive something of equal value in return.

    You've presented nothing at all 'new' to consider.
     
  19. OldManOnFire

    OldManOnFire Well-Known Member

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    Coal is cheap and plentiful but it comes with issues!

    Either we believe in global climate change or we don't; if we do believe in it then it is imperative to take steps to mitigate it.

    How many coal-fired power plants look like this 24/7?

    https://www.google.com/imgres?imgur...9XMAhVS4mMKHW9nDXEQMwgmKAkwCQ&iact=mrc&uact=8

    According to IEA estimates, global coal consumption reached 7,238 million tonnes in 2010. China accounted for 46 percent of consumption, followed by the United States (13 percent), and India (9 percent).

    According to WRI’s estimates, 1,199 new coal-fired plants, with a total installed capacity of 1,401,278 megawatts (MW), are being proposed globally. These projects are spread across 59 countries. China and India together account for 76 percent of the proposed new coal power capacities.

    New coal-fired plants have been proposed in 10 developing countries: Cambodia, Dominican Republic, Guatemala, Laos, Morocco, Namibia, Oman, Senegal, Sri Lanka, and Uzbekistan. Currently, there is limited or no capacity for domestic coal production in any of these countries.


    I say we should be spending time and money scrubbing coal-fired power plant emissions! This way we can continue to use the resource, keep people employed for a while longer, and greatly reduce emissions...
     
  20. Deckel

    Deckel Well-Known Member Past Donor

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    I notice you think that we have to go after coal and not the cattle industry. You must like hamburger and have no stake in the survival of coal.
     
  21. OldManOnFire

    OldManOnFire Well-Known Member

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    We're talking about coal...duh...not talking about cattle...if you wish to talk about cattle then start a new thread...
     
  22. Deckel

    Deckel Well-Known Member Past Donor

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    Says the creature yammering about global warming in a thread on employment.

    I don't need to start a new thread. I have talked about it quite appropriately here. They and apparently you only stand on principle when the low hanging fruit is available. If you were serious about global warming, you would go after the cattle industry. You would eliminate massive amounts of greenhouse gas and jobs would be created to reforest the grazing lands with trees that are carbon sinks.
     
  23. OldManOnFire

    OldManOnFire Well-Known Member

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    An active dialogue on these forums even when off the topic is better than no dialogue.

    I'm not talking about principle of global climate change...I was commenting solely about coal...
     
  24. waltky

    waltky Well-Known Member

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    Fewer people in labor force...
    :omg:
    Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May
    June 3, 2016 | A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday.
     
  25. OldManOnFire

    OldManOnFire Well-Known Member

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    Just thinking about all of the areas in the US which are outside of the major employment centers...geographically this might be 95% of the country. What can possibly be the impetus in these areas to create employment? And, what would a business person decide to do if they possess the next great product idea and need 3000-5000 employees or more to produce products? Trying to force this business into the high employment centers means high costs, traffic, labor competition, etc. and placing it in Mayberry RFD has risks as well obtaining a labor force, lacking infrastructure, etc. It's at this juncture in the process, IMO, when the business person gives serious consideration to producing off-shore with contractors. And these businesses must look 10-20 years down the road meaning whatever labor and infrastructure must be in place. Depending on the business/industry, depending on the quantity of labor and infrastructure needed, seems to me lots of business today has little choice but to use off-shore services. Apple Inc. is a great example; why do they produce everything off-shore? Can Apple set up shop in the US and depend on having 500,000 to 1,000,000 line workers available, have 75,000 to 100,000 engineers, with facilities that have very efficient infrastructure...I don't think so. And this is before we even start to talk about the cost of doing business in the USA...
     

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