the labor participation rate

[Willie99]

haven't looked at stuff like this in a long long time

I'm actually surprised it's still at the lowest levels since they've been recording such, even lower than Obama's horrific participation rates from a few years ago

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2005	65.8	65.9	65.9	66.1	66.1	66.1	66.1	66.2	66.1	66.1	66.0	66.0
2006	66.0	66.1	66.2	66.1	66.1	66.2	66.1	66.2	66.1	66.2	66.3	66.4
2007	66.4	66.3	66.2	65.9	66.0	66.0	66.0	65.8	66.0	65.8	66.0	66.0
2008	66.2	66.0	66.1	65.9	66.1	66.1	66.1	66.1	66.0	66.0	65.9	65.8
2009	65.7	65.8	65.6	65.7	65.7	65.7	65.5	65.4	65.1	65.0	65.0	64.6
2010	64.8	64.9	64.9	65.2	64.9	64.6	64.6	64.7	64.6	64.4	64.6	64.3
2011	64.2	64.2	64.2	64.2	64.1	64.0	64.0	64.1	64.2	64.1	64.1	64.0
2012	63.7	63.8	63.8	63.7	63.8	63.8	63.7	63.5	63.6	63.7	63.6	63.7
2013	63.7	63.5	63.3	63.4	63.4	63.4	63.3	63.2	63.2	62.8	63.0	62.8
2014	63.0	63.0	63.2	62.8	62.8	62.8	62.9	62.9	62.7	62.8	62.9	62.7
2015	62.9	62.8	62.7

 

[Willie99]

do you know what this means?

unemployment numbers are dramatically understated, I'd estimate the difference to be 50%

if the job force is 250,000,000 people, then 164,500,000 were working or looking for work when Obama took office

using constant numbers, that number is 156,750,000 today, a decrease of 7,750,000

7,750,000 / 250,000,000 = 3.1%

stated rate = 5.5% + 3.1% = 8.6% actual rate with all things being equal


fucking horrible, which anyone with real world experience (as opposed to say video games) already knows

 

[Willie99]

haven't looked at stuff like this in a long long time

I'm actually surprised it's still at the lowest levels since they've been recording such, even lower than Obama's horrific participation rates from a few years ago

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2005	65.8	65.9	65.9	66.1	66.1	66.1	66.1	66.2	66.1	66.1	66.0	66.0
2006	66.0	66.1	66.2	66.1	66.1	66.2	66.1	66.2	66.1	66.2	66.3	66.4
2007	66.4	66.3	66.2	65.9	66.0	66.0	66.0	65.8	66.0	65.8	66.0	66.0
2008	66.2	66.0	66.1	65.9	66.1	66.1	66.1	66.1	66.0	66.0	65.9	65.8
2009	65.7	65.8	65.6	65.7	65.7	65.7	65.5	65.4	65.1	65.0	65.0	64.6
2010	64.8	64.9	64.9	65.2	64.9	64.6	64.6	64.7	64.6	64.4	64.6	64.3
2011	64.2	64.2	64.2	64.2	64.1	64.0	64.0	64.1	64.2	64.1	64.1	64.0
2012	63.7	63.8	63.8	63.7	63.8	63.8	63.7	63.5	63.6	63.7	63.6	63.7
2013	63.7	63.5	63.3	63.4	63.4	63.4	63.3	63.2	63.2	62.8	63.0	62.8
2014	63.0	63.0	63.2	62.8	62.8	62.8	62.9	62.9	62.7	62.8	62.9	62.7
2015	62.9	62.8	62.7

correction, the rate is the lowest since the Jimmy Carter era, not the lowest in recorded history

 

[Seymour]

Pretty sure u r incorrect - Obama said the unemployment rate is 5.5% - that the economy has added millions of jobs under his tenure - and that his brilliant economic policies (cash for clunkers) saved the country from Great Depression Part Duex

 

[SheriffJoe]

More like 20%

 

[festeringZit]

Great thread Willie.

 

[SheriffJoe]

This thread is the epitome of perfection.

 

[brucefan]

Pretty sure u r incorrect - Obama said the unemployment rate is 5.5% - that the economy has added millions of jobs under his tenure - and that his brilliant economic policies (cash for clunkers) saved the country from Great Depression Part Duex

Ah cash for clunkers. Yep, that was the one that put me over the top to realize we were doomed, and the country was being run by complete nincompoops.

 

[NFLTrends]

Ashamed that there are people that would and do ignore the truth.

 

[Seymour]

Ah cash for clunkers. Yep, that was the one that put me over the top to realize we were doomed, and the country was being run by complete nincompoops.

For real - I can at least understand if u want to improve infrastructure and create temporary jobs in the process - I think it's wasting money but I can at least see the reasoning - but what the fuck was cash for clunkers??? even Vit had to be shaking his head

 

[Willie99]

For real - I can at least understand if u want to improve infrastructure and create temporary jobs in the process - I think it's wasting money but I can at least see the reasoning - but what the fuck was cash for clunkers??? even Vit had to be shaking his head

it destroyed the low end used car market and hurt the people liberals claim their they're helping

they just fuck up everything, said in the most respectful way possible

 

[GasMan]

Don't you remember Willie? It is the invention of things like the ATM machine that has caused these numbers to be so low for Obama.

 

[Acebb]

Ah cash for clunkers. Yep, that was the one that put me over the top to realize we were doomed, and the country was being run by complete nincompoops.

Ah yes, Cash for Clunkers, a genius idea that the economic illiterate President and Harry Reid came up with?

WASHINGTON – The government’s "Cash for Clunkers" program – pitched as a plan to jump-start U.S. auto sales and clean up the environment by getting gas-guzzling vehicles off the road -- may have been a clunker itself, according to a new economic study

Researchers at Texas A&M, in a recently released report, measured the impact of Cash for Clunkers on sales and found the program actually decreased industry revenue by $3 billion over a nine-to-11-month period. Meanwhile, the "stimulus" also cost taxpayers $3 billion.

The Car Allowance Rebate System, commonly called Cash for Clunkers, was part of a 2009 economic stimulus program that was sold as a lifeline from the federal government to a sinking U.S. auto industry.

The program let people turn in their old cars for up to $4,500 in cash to be used toward the purchase of a more fuel-efficient alternative. Nearly 700,000 vehicles were traded in through the program.

But the Texas A&M University study, for the National Bureau of Economic Research, shows the program may have actually created a drag on the economy. While the program’s fuel-efficiency restrictions led to the purchase of more fuel-efficient cars, Americans ended up buying cheaper cars than they otherwise would have, the study found.

"Strikingly, we find that Cash for Clunkers actually reduced overall spending on new vehicles," the researchers reported, noting households "tended to purchase less expensive and smaller vehicles such as the Toyota Corolla, which was the most popular new vehicle purchased under the program."

They found buyers who participated "spent an average of $4,600 less on a new vehicle than they otherwise would have."

http://papers.nber.org/tmp/22808-w20349.pdf

 

[Acebb]

Oh come on guys, the economy didn't grow in Q1 because of....winter!

Economic growth in the first quarter was restrained by factors including tepid foreign demand and harsh winter weather

@)

 

[Dave007inVegas]

Harsh winter weather caused by Global Warming. :homer: