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Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Jul 7, 2013.
And if you look at that graph above and can't see a similar velocity, well ...
This is total BS. The unemployment number now is a direct result of lack of workforce participation. Look at June's report and thank goodness for part time jobs. Can't compare the two.
Temp penetration rose, and now is decling again. However, it never reached pre recession levels and is now decling again. Not a good sign. Usually it rises to pre-recession levels, and then levels off.
I guess "several decades" might be unfair, but 16 years ...
The decline is what generally indicates a shift in employment patterns. That it hit exactly the same mark is irrelevant - it's the pattern that matters.
If you see general employment AND temp employment start dropping over a few months, that's something else entirely.
In another thread a while back I superimposed a flipped birth rate chart on top of the workforce participation rate 60 years later. Guess what? Lined up almost exactly.
It's only now a result of a lack of workforce participation? Never before?
My point exactly. The unemployment rate has dropped recently due mainly to two factors. Decrease in workforce participation and part time jobs. What is the real unemployment rate right now? You compared the Obama's unemployment rate improvement to Reagan, and you can see workforce participation was increasing while unemployment rate was decreasing during Reagan's two terms.
Anytime temp penetration rates start falling, you need to be concerned. In June all of the gain was in part time jobs, not full time work. Again, we've never seen part time work leading the "recovery" charge. I am hopeful it will work long enough until we see full time jobs start to return consistently each month.
That is categorically untrue. Look at late 2002 to mid 2003, for example:
Did they have Obama-care/tax back then?
Rick, for like the 10th time in this thread alone we're talking about what has happened, not what we think *will* happen.
And I'm telling you that Obama-care/tax has a direct affect on what is happening right now. I know you disagree, but no one can tell if is or isn't a stumbling block in our economic recovery.
I'll agree to disagree with you on this, but I still think Obama-care/tax is affecting our economy/recovery/joblessness.
If that's the case then why is everything following a very reliable pattern?
I disagree with you... and so does LeesGator.
I also thought he did a good job of making his point.