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  • President Biden 528,000 jobs added in July

    From bruce bowser@21:1/5 to All on Sun Aug 7 11:46:42 2022
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to bruce bowser on Mon Aug 8 17:14:17 2022
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to TomS on Mon Aug 8 17:28:51 2022
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?

    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to Alan on Mon Aug 8 18:52:04 2022
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tom Elam@21:1/5 to Alan on Mon Aug 8 19:02:55 2022
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the labor force as a percentage of the civilian noninstitutional population. In other words, the participation rate is the percentage of the population that is either working or
    actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic. It was rising until the pandemic hit. If it had recovered there would be about 2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to TomS on Mon Aug 8 18:59:04 2022
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!

    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to Tom Elam on Mon Aug 8 19:08:20 2022
    On 2022-08-08 19:02, Tom Elam wrote:
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the labor force as a percentage of the civilian noninstitutional population. In other words, the participation rate is the percentage of the population that is either working or
    actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic. It was rising until the pandemic hit. If it had recovered there would be about 2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm


    And is that our Sunshine showing how the labour force participation rate
    is supposed to negate the jobs growth, Liarboy?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tom Elam@21:1/5 to Alan on Tue Aug 9 04:59:02 2022
    On Monday, August 8, 2022 at 10:08:23 PM UTC-4, Alan wrote:
    On 2022-08-08 19:02, Tom Elam wrote:
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the labor force as a percentage of the civilian noninstitutional population. In other words, the participation rate is the percentage of the population that is either working or
    actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic. It was rising until the pandemic hit. If it had recovered there would be about 2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

    And is that our Sunshine showing how the labour force participation rate
    is supposed to negate the jobs growth, Liarboy?

    You obviously don't understand why and I'm not going to explain it again. See my prior post.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From -hh@21:1/5 to thomas...@gmail.com on Tue Aug 9 06:04:52 2022
    On Tuesday, August 9, 2022 at 7:59:04 AM UTC-4, thomas...@gmail.com wrote:
    On Monday, August 8, 2022 at 10:08:23 PM UTC-4, Alan wrote:
    On 2022-08-08 19:02, Tom Elam wrote:
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the labor force as a percentage of the civilian noninstitutional population. In other words, the participation rate is the percentage of the population
    that is either working or actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic.
    It was rising until the pandemic hit. If it had recovered there would be about
    2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

    And is that our Sunshine showing how the labour force participation rate is supposed to negate the jobs growth, Liarboy?

    You obviously don't understand why and I'm not going to explain it again. See my prior post.

    Well, looking at the posts still quoted in above, I believe that I see the actual point
    of contention:

    "The labor force participation rate represents the number of people in the labor force
    as a percentage of the civilian noninstitutional population."

    That means everyone who's not in prison.

    FWIW, other descriptions identify this as age 16+, but they also do not list what
    the above goes on to claim, namely: "...either working or actively looking for work".

    If one is actively looking for work, it falls under the Unemployment metrics, but it
    does not appear to fall under the definition for labor force participation rate.

    What this means is that there's large & significant population subsets who are not
    employed, nor would we expect them to be, which drag down the Participation Rate %
    under all circumstances. For example, Students, Housekeepers, and ... Retirees.

    For this last one, we've known for decades about the Baby Boomer population bubble
    and how it was approaching retirement. Structurally, that's going to have to cause a
    long steady drop in the LFP % until they literally die off, as the LFP definition does not
    contain any obvious upper age exclusion criteria.

    -hh

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to Alan on Tue Aug 9 12:08:24 2022
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to TomS on Tue Aug 9 12:14:50 2022
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.

    Produce a link to such a post...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to TomS on Tue Aug 9 13:06:33 2022
    On 2022-08-09 12:26, TomS wrote:
    On Tuesday, August 9, 2022 at 12:14:53 PM UTC-7, Alan wrote:
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.
    Produce a link to such a post...

    Nope - do your OWN homework.

    Once again, when challenged to support your claim...

    ...you fail.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to Alan on Tue Aug 9 12:26:23 2022
    On Tuesday, August 9, 2022 at 12:14:53 PM UTC-7, Alan wrote:
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.
    Produce a link to such a post...

    Nope - do your OWN homework.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to -hh on Tue Aug 9 12:25:30 2022
    On Tuesday, August 9, 2022 at 6:04:54 AM UTC-7, -hh wrote:
    On Tuesday, August 9, 2022 at 7:59:04 AM UTC-4, thomas...@gmail.com wrote:
    On Monday, August 8, 2022 at 10:08:23 PM UTC-4, Alan wrote:
    On 2022-08-08 19:02, Tom Elam wrote:
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the
    labor force as a percentage of the civilian noninstitutional population.
    In other words, the participation rate is the percentage of the population
    that is either working or actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic.
    It was rising until the pandemic hit. If it had recovered there would be about
    2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

    And is that our Sunshine showing how the labour force participation rate is supposed to negate the jobs growth, Liarboy?

    You obviously don't understand why and I'm not going to explain it again. See my prior post.
    Well, looking at the posts still quoted in above, I believe that I see the actual point
    of contention:
    "The labor force participation rate represents the number of people in the labor force
    as a percentage of the civilian noninstitutional population."
    That means everyone who's not in prison.

    FWIW, other descriptions identify this as age 16+, but they also do not list what
    the above goes on to claim, namely: "...either working or actively looking for work".

    If one is actively looking for work, it falls under the Unemployment metrics, but it
    does not appear to fall under the definition for labor force participation rate.

    What this means is that there's large & significant population subsets who are not
    employed, nor would we expect them to be, which drag down the Participation Rate %
    under all circumstances. For example, Students, Housekeepers, and ... Retirees.

    For this last one, we've known for decades about the Baby Boomer population bubble
    and how it was approaching retirement. Structurally, that's going to have to cause a
    long steady drop in the LFP % until they literally die off, as the LFP definition does not
    contain any obvious upper age exclusion criteria.

    -hh

    BLS is calculating the LFPR now the same way they did before the pandemic and the way they have done it for decades. Go to their website for an explanation of how it is done. Obviously, when one retires fully this lowers the LFPR only if no unemployed
    person takes that job. Otherwise, there is no change to the LFPR. The LFPR goes down when people leave the workforce and no one else takes that job. The LFPR has been driven down by:
    1. People living off of unemployment benefits, theft, and stiffing landlords for rent.
    2. Early retirements.
    3. Parents unable to find and/or afford daycare.
    Unemployment statistics IGNORE all of these factors.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From TomS@21:1/5 to Alan on Tue Aug 9 16:03:25 2022
    On Tuesday, August 9, 2022 at 1:06:36 PM UTC-7, Alan wrote:
    On 2022-08-09 12:26, TomS wrote:
    On Tuesday, August 9, 2022 at 12:14:53 PM UTC-7, Alan wrote:
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.
    Produce a link to such a post...

    Nope - do your OWN homework.
    Once again, when challenged to support your claim...

    ...you fail.

    Just like the phony annuity!!!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan@21:1/5 to TomS on Tue Aug 9 16:04:18 2022
    On 2022-08-09 16:03, TomS wrote:
    On Tuesday, August 9, 2022 at 1:06:36 PM UTC-7, Alan wrote:
    On 2022-08-09 12:26, TomS wrote:
    On Tuesday, August 9, 2022 at 12:14:53 PM UTC-7, Alan wrote:
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.
    Produce a link to such a post...

    Nope - do your OWN homework.
    Once again, when challenged to support your claim...

    ...you fail.

    Just like the phony annuity!!!

    Nope.

    HH has confirmation from me.

    You have claimed you have made these posts...

    ...but won't produce an example.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From -hh@21:1/5 to TomS on Tue Aug 9 17:30:40 2022
    On Tuesday, August 9, 2022 at 3:25:31 PM UTC-4, TomS wrote:
    On Tuesday, August 9, 2022 at 6:04:54 AM UTC-7, -hh wrote:
    On Tuesday, August 9, 2022 at 7:59:04 AM UTC-4, thomas...@gmail.com wrote:
    On Monday, August 8, 2022 at 10:08:23 PM UTC-4, Alan wrote:
    On 2022-08-08 19:02, Tom Elam wrote:
    On Monday, August 8, 2022 at 8:28:53 PM UTC-4, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote:
    'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    The labor force participation rate represents the number of people in the
    labor force as a percentage of the civilian noninstitutional population.
    In other words, the participation rate is the percentage of the population
    that is either working or actively looking for work. Source USDOL BLS

    The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

    This measure of labor force quantity has never recovered from the pandemic.
    It was rising until the pandemic hit. If it had recovered there would be about
    2 million more employed than in July.

    https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

    And is that our Sunshine showing how the labour force participation rate
    is supposed to negate the jobs growth, Liarboy?

    You obviously don't understand why and I'm not going to explain it again. See my prior post.
    Well, looking at the posts still quoted in above, I believe that I see the actual point
    of contention:
    "The labor force participation rate represents the number of people in the labor force
    as a percentage of the civilian noninstitutional population."
    That means everyone who's not in prison.

    FWIW, other descriptions identify this as age 16+, but they also do not list what
    the above goes on to claim, namely: "...either working or actively looking for work".

    If one is actively looking for work, it falls under the Unemployment metrics, but it
    does not appear to fall under the definition for labor force participation rate.

    What this means is that there's large & significant population subsets who are not
    employed, nor would we expect them to be, which drag down the Participation Rate %
    under all circumstances. For example, Students, Housekeepers, and ... Retirees.

    For this last one, we've known for decades about the Baby Boomer population bubble
    and how it was approaching retirement. Structurally, that's going to have to cause a
    long steady drop in the LFP % until they literally die off, as the LFP definition does not
    contain any obvious upper age exclusion criteria.


    BLS is calculating the LFPR now the same way they did before the pandemic and the
    way they have done it for decades.

    Oh, I know it hasn’t changed.

    Obviously, when one retires fully this lowers the LFPR only if no unemployed person
    takes that job. Otherwise, there is no change to the LFPR. The LFPR goes down
    when people leave the workforce and no one else takes that job.

    Which is indicative thst in a very low unemployment environment, there will be fewer 1:1 replacements, as well as incentives to increase automation.

    The LFPR has been driven down by:
    1. People living off of unemployment benefits, theft, …

    You sure it has increased? Likewise, that it was a significant fraction to begin with?

    … and stiffing landlords for rent.

    Because people can’t do this while still working a job? Try again.

    2. Early retirements.

    Which could imply a strong economy for them to have the luxury to afford…right?


    3. Parents unable to find and/or afford daycare.

    This is the one I’ve read reports on. Men’s return rates had already hit the pre-CoVid 100% mark several months ago, but not women.

    Unemployment statistics IGNORE all of these factors.

    Of course they do (at least in part), because they’re a different metric.


    -hh

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  • From bruce bowser@21:1/5 to TomS on Wed Aug 10 12:02:57 2022
    On Tuesday, August 9, 2022 at 3:26:24 PM UTC-4, TomS wrote:
    On Tuesday, August 9, 2022 at 12:14:53 PM UTC-7, Alan wrote:
    On 2022-08-09 12:08, TomS wrote:
    On Monday, August 8, 2022 at 6:59:07 PM UTC-7, Alan wrote:
    On 2022-08-08 18:52, TomS wrote:
    On Monday, August 8, 2022 at 5:28:53 PM UTC-7, Alan wrote:
    On 2022-08-08 17:14, TomS wrote:
    On Sunday, August 7, 2022 at 11:46:44 AM UTC-7, bruce bowser wrote: >>>>>> 'What recession?' US employers add 528,000 jobs in July
    Washington Post - Aug 5, 2022
    -- https://www.washingtonpost.com/politics/as-recession-fears-grow-strong-us-hiring-is-likely-slowing/2022/08/05/82bb2396-148c-11ed-8482-06c1c84ce8f2_story.html

    LOL! And, tell me, what happened to the Labor Participation Rate? Do you even KNOW what the Labor Participation Rate is?
    Since you claim to know...

    ...why don't you show us, Sunshine?

    Or is it that you don't actually want to show it?

    :-)

    Been there, done that, Fool - LOOK IT UP!
    You're lying, Sunshine.

    This is your big chance to one up me...

    ...but we know that won't happen...

    ...because you've got nothing...

    ...as always.

    Sorry, but you have read my posts on the subject, so go look them up you lazy bastard.
    Produce a link to such a post...
    Nope - do your OWN homework.

    Why can't the media? Or is there another one of your KONSPIIRACEEZZ

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