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No single economic report generates as much action and angst each month as BLS payrolls; the...

No single economic report generates as much action and angst each month as BLS payrolls; the current consensus is for an addition of ~168K jobs, but given the data this week (I, II, III), nobody will be surprised if it comes in lower. Calculated Risk takes the under on tomorrow's number, while AP's taking the over (over time, at least).
Comments (4)
  • WMARKW
    , contributor
    Comments (10706) | Send Message
     
    Someone clear the fog in my brain. BLS says 168,000 new jobs for the MONTH of April. We grow population at 1% per year, so the labor force at ~ 150 million needs to grow 1.5 million a year to handle new population, or 125,000 a month.

     

    Now throw those against new unemployment WEEKLY claims of 350,000 or 1.4 million a month? Aren't we declining each week by a factor of 3x what we need to grow by each month?
    3 May 2012, 06:45 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2151) | Send Message
     
    Hi WMW,
    I wish I could help, but my brain is froggy also. With all the people falling off of unemployment on the back end it seems they are adjusting the numbers in the wrong areas. I know quite a few people in my local area that are well educated that can't find a job flipping burgers, let alone something meaningful. Many are trying to become self-employed but how many services can be supported by the few manufacturing and producers in an area? Part of the problem with a service economy, someone has to produce something to pay for the services.
    3 May 2012, 06:58 PM Reply Like
  • WMARKW
    , contributor
    Comments (10706) | Send Message
     
    Here's two scary charts. See what you think of these.

     

    http://bit.ly/Iq2OMU

     

    http://bit.ly/J47uue

     

    I was stunned. Things have changed dramatically since 1950. I remember seeing shows on TV about Micro-Finance in India and how they make the loans to women because they are more family oriented and reliable.
    3 May 2012, 07:06 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2151) | Send Message
     
    Male chart is plain scary. Female chart looks to be in a downward trend also. So this isn't strictly a gender problem, just a job availability problem overall. What happens when we get down to a 50-50 split between employed vs unemployed? We aren't that far from finding out. JMO
    3 May 2012, 07:36 PM Reply Like
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