Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!You bragged about Trump's job numbers, Sunshine.
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!You bragged about Trump's job numbers, Sunshine.
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
On Sunday, February 5, 2023 at 8:08:10 AM UTC-8, bruce bowser wrote:
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either
forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
You bragged about Trump's job numbers, Sunshine.
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !
Hey Bowser Wowser, tell us exactly WHAT the Labor Participation Rate is (if you even KNOW what that means!).
On Tuesday, February 7, 2023 at 12:02:03 AM UTC-5, Tommy wrote:
On Sunday, February 5, 2023 at 8:08:10 AM UTC-8, bruce bowser wrote:
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either
forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
You bragged about Trump's job numbers, Sunshine.
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !
Hey Bowser Wowser, tell us exactly WHAT the Labor Participation Rate is (if you even KNOW what that means!).Gosh, sounds like yet another excuse from Tommy, as LFPR had been predicted before the CoVid disruptions to decline:
"Because of the decreasing labor force participation rate of youths and the prime age group,
the overall labor force participation rate is expected to decline. The participation rates of older
workers are projected to increase, but remain significantly lower than those of the prime age
group. A combination of a slower growth of the civilian noninstitutional population and falling
participation rates will lower labor force growth to a projected 0.5 percent annually."
<https://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm>
When you look into things a bit further...
<https://www.dallasfed.org/research/economics/2019/0219> <https://www.investors.com/news/labor-force-participation-rate-low/> <https://www.kansascityfed.org/research/economic-bulletin/how-many-workers-are-truly-missing-from-the-labor-force/>
The broad conclusion appears to be is that participation rates amongst "after prime age"
(eg, older) workers have declined much more than had previously been expected. Much
of this is probably CoVid/health related: excess mortality rates, having long CoVid, and/or
not wanting to risk contracting CoVid, plus in looking at the other variables, it looks like this
probably includes an "ability" factor from the perspective that their employment rates remain
higher with more education, which also implies greater incomes/wealth and thus, the resources
which enable an earlier retirement if/when they reach the point where it is no longer as fun or
engaging...ie, the conjunction of a lower risk tolerance and lower reason to accept the risk.
For example, at what age did you retire, Tommy? If memory serves it was around ten years ago
and you're now roughly 75-76, so that would be retirement at age 65 or thereabouts.
Average Retirement Ages:
Year M F
1992 62 59
2001 63 60
2010 64 62
2016 65 63
2021 65 62
<https://www.forbes.com/advisor/retirement/average-retirement-age/>
But also note:
"On average, male college graduates retire at the age of 65.7, while high school graduates retire at the age of 62.8.
Why the difference?
CRR reported that less-educated people are generally in worse health, and are therefore
more likely to retire due to health issues. Meanwhile, white collar jobs–which tend to be
filled by those with a college education–are less physically demanding, thereby allowing
workers to stay employed longer."
CoVid's pushback on this is that white collar professionals' incomes result in a greater
financial ability to retire earlier if they so choose...which seems to be the trend in the data.
-hh
On Tuesday, February 7, 2023 at 7:20:39 AM UTC-8, -hh wrote:
On Tuesday, February 7, 2023 at 12:02:03 AM UTC-5, Tommy wrote:
On Sunday, February 5, 2023 at 8:08:10 AM UTC-8, bruce bowser wrote:
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question
United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either
forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
You bragged about Trump's job numbers, Sunshine.
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !
Hey Bowser Wowser, tell us exactly WHAT the Labor Participation Rate is (if you even KNOW what that means!).Gosh, sounds like yet another excuse from Tommy, as LFPR had been predicted
before the CoVid disruptions to decline:
"Because of the decreasing labor force participation rate of youths and the prime age group,
the overall labor force participation rate is expected to decline. The participation rates of older
workers are projected to increase, but remain significantly lower than those of the prime age
group. A combination of a slower growth of the civilian noninstitutional population and falling
participation rates will lower labor force growth to a projected 0.5 percent annually."
<https://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm>
When you look into things a bit further...
<https://www.dallasfed.org/research/economics/2019/0219> <https://www.investors.com/news/labor-force-participation-rate-low/> <https://www.kansascityfed.org/research/economic-bulletin/how-many-workers-are-truly-missing-from-the-labor-force/>
The broad conclusion appears to be is that participation rates amongst "after prime age"
(eg, older) workers have declined much more than had previously been expected. Much
of this is probably CoVid/health related: excess mortality rates, having long CoVid, and/or
not wanting to risk contracting CoVid, plus in looking at the other variables, it looks like this
probably includes an "ability" factor from the perspective that their employment rates remain
higher with more education, which also implies greater incomes/wealth and thus, the resources
which enable an earlier retirement if/when they reach the point where it is no longer as fun or
engaging...ie, the conjunction of a lower risk tolerance and lower reason to accept the risk.
For example, at what age did you retire, Tommy? If memory serves it was around ten years ago
and you're now roughly 75-76, so that would be retirement at age 65 or thereabouts.
Average Retirement Ages:
Year M F
1992 62 59
2001 63 60
2010 64 62
2016 65 63
2021 65 62
<https://www.forbes.com/advisor/retirement/average-retirement-age/>
But also note:
"On average, male college graduates retire at the age of 65.7, while high school graduates retire at the age of 62.8.
Why the difference?
CRR reported that less-educated people are generally in worse health, and are therefore
more likely to retire due to health issues. Meanwhile, white collar jobs–which tend to be
filled by those with a college education–are less physically demanding, thereby allowing
workers to stay employed longer."
You better get with it: they DON'T call them "white-collar" jobs anymore (when was the last time
you saw someone at work wearing a white shirt?), they are called "knowledge workers."
CoVid's pushback on this is that white collar professionals' incomes result in a greater
financial ability to retire earlier if they so choose...which seems to be the trend in the data.
Hey Lyin' Asshole, the LPR, especially the MALE LPR, dropped PRECIPITOUSLY under Lyin' Biden and HASN'T recovered.
So, NO NEW JOBS were created under Lyin' Biden - we still have a LONG way to go just to get back to pre-Lyin' Biden levels.
On Tuesday, February 7, 2023 at 11:59:31 PM UTC-5, Tommy wrote:
On Tuesday, February 7, 2023 at 7:20:39 AM UTC-8, -hh wrote:
On Tuesday, February 7, 2023 at 12:02:03 AM UTC-5, Tommy wrote:
On Sunday, February 5, 2023 at 8:08:10 AM UTC-8, bruce bowser wrote:
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question >> United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either
forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
You bragged about Trump's job numbers, Sunshine.
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !
Hey Bowser Wowser, tell us exactly WHAT the Labor Participation Rate is (if you even KNOW what that means!).Gosh, sounds like yet another excuse from Tommy, as LFPR had been predicted
before the CoVid disruptions to decline:
"Because of the decreasing labor force participation rate of youths and the prime age group,
the overall labor force participation rate is expected to decline. The participation rates of older
workers are projected to increase, but remain significantly lower than those of the prime age
group. A combination of a slower growth of the civilian noninstitutional population and falling
participation rates will lower labor force growth to a projected 0.5 percent annually."
<https://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm>
When you look into things a bit further...
<https://www.dallasfed.org/research/economics/2019/0219> <https://www.investors.com/news/labor-force-participation-rate-low/> <https://www.kansascityfed.org/research/economic-bulletin/how-many-workers-are-truly-missing-from-the-labor-force/>
The broad conclusion appears to be is that participation rates amongst "after prime age"
(eg, older) workers have declined much more than had previously been expected. Much
of this is probably CoVid/health related: excess mortality rates, having long CoVid, and/or
not wanting to risk contracting CoVid, plus in looking at the other variables, it looks like this
probably includes an "ability" factor from the perspective that their employment rates remain
higher with more education, which also implies greater incomes/wealth and thus, the resources
which enable an earlier retirement if/when they reach the point where it is no longer as fun or
engaging...ie, the conjunction of a lower risk tolerance and lower reason to accept the risk.
For example, at what age did you retire, Tommy? If memory serves it was around ten years ago
and you're now roughly 75-76, so that would be retirement at age 65 or thereabouts.
Average Retirement Ages:
Year M F
1992 62 59
2001 63 60
2010 64 62
2016 65 63
2021 65 62
<https://www.forbes.com/advisor/retirement/average-retirement-age/>
But also note:
"On average, male college graduates retire at the age of 65.7, while high school graduates retire at the age of 62.8.
Why the difference?
CRR reported that less-educated people are generally in worse health, and are therefore
more likely to retire due to health issues. Meanwhile, white collar jobs–which tend to be
filled by those with a college education–are less physically demanding, thereby allowing
workers to stay employed longer."
You better get with it: they DON'T call them "white-collar" jobs anymore (when was the last timeNah: I know the audience to whom I'm speaking is an old foggie, so the terminology was tailored to what they remember.
you saw someone at work wearing a white shirt?), they are called "knowledge workers."
CoVid's pushback on this is that white collar professionals' incomes result in a greater
financial ability to retire earlier if they so choose...which seems to be the trend in the data.
Hey Lyin' Asshole, the LPR, especially the MALE LPR, dropped PRECIPITOUSLY under Lyin' Biden and HASN'T recovered.Really? Got cite?
Because from what I've read, it was the female LPR *under Trump* that crashed during CoVid and hasn't recovered:
<https://www.chicagofed.org/publications/chicago-fed-letter/2021/450> <https://www.bls.gov/opub/reports/womens-databook/2021/home.htm>
FYI, be aware that some metrics are inappropriate, such as this one: <https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm>
Because it uses a metric of "age 20 and up", so it is includes all retirees in the participation rate which means that it is
biased by heterogeneous population variations ... e.g. the Baby Boomer retirement bubble.
So, NO NEW JOBS were created under Lyin' Biden - we still have a LONG way to go just to get back to pre-Lyin' Biden levels.As of last August: "29 Months Later, All the Jobs Lost to COVID-19 Are Back" <https://www.thebalancemoney.com/29-months-later-all-the-jobs-lost-to-covid-19-are-back-6542485>
Since total employed is higher now than pre-CoVid, it must by definition include some new jobs.
FYI, what you shouldn't allow yourself to get confused by is that LPR and "% employed" can go down while total jobs go up,
because the worker population size is a denominator and it changes too. Knowledge workers call this "multivariate".
-hh
On Wednesday, February 8, 2023 at 3:39:30 AM UTC-8, -hh wrote:
On Tuesday, February 7, 2023 at 11:59:31 PM UTC-5, Tommy wrote:
On Tuesday, February 7, 2023 at 7:20:39 AM UTC-8, -hh wrote:
On Tuesday, February 7, 2023 at 12:02:03 AM UTC-5, Tommy wrote:
On Sunday, February 5, 2023 at 8:08:10 AM UTC-8, bruce bowser wrote:
On Sunday, February 5, 2023 at 3:56:23 AM UTC-5, Alan wrote:
On 2023-02-05 00:02, Tommy wrote:
On Saturday, February 4, 2023 at 8:26:35 AM UTC-8, bruce bowser wrote:
Biden Hails January Jobs Report, Waves Off Inflation Question >> United Press International - Fri, Feb 3, 2023
-- https://www.upi.com/Top_News/US/2023/02/03/bls-unemployment-hires-wages-powell/5921675435962/
Lyin' Biden takes credit for the jobs report, but says he IS NOT responsible for inflation!
https://www.foxbusiness.com/politics/biden-claims-inflation-already-there-when-i-got-here-takes-no-blame
The LIAR says that inflation was already HIGH when he took office!! The senile pervert has either
forgot or is LYING about inflation, which was ONE POINT NINE PERCENT when he took office!!!
You bragged about Trump's job numbers, Sunshine.
And now, guess what? TomS runs OUT OF EXCUSES, AWWW ! ! !
Hey Bowser Wowser, tell us exactly WHAT the Labor Participation Rate is (if you even KNOW what that means!).Gosh, sounds like yet another excuse from Tommy, as LFPR had been predicted
before the CoVid disruptions to decline:
"Because of the decreasing labor force participation rate of youths and the prime age group,
the overall labor force participation rate is expected to decline. The participation rates of older
workers are projected to increase, but remain significantly lower than those of the prime age
group. A combination of a slower growth of the civilian noninstitutional population and falling
participation rates will lower labor force growth to a projected 0.5 percent annually."
<https://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm>
When you look into things a bit further...
<https://www.dallasfed.org/research/economics/2019/0219> <https://www.investors.com/news/labor-force-participation-rate-low/> <https://www.kansascityfed.org/research/economic-bulletin/how-many-workers-are-truly-missing-from-the-labor-force/>
The broad conclusion appears to be is that participation rates amongst "after prime age"
(eg, older) workers have declined much more than had previously been expected. Much
of this is probably CoVid/health related: excess mortality rates, having long CoVid, and/or
not wanting to risk contracting CoVid, plus in looking at the other variables, it looks like this
probably includes an "ability" factor from the perspective that their employment rates remain
higher with more education, which also implies greater incomes/wealth and thus, the resources
which enable an earlier retirement if/when they reach the point where it is no longer as fun or
engaging...ie, the conjunction of a lower risk tolerance and lower reason to accept the risk.
For example, at what age did you retire, Tommy? If memory serves it was around ten years ago
and you're now roughly 75-76, so that would be retirement at age 65 or thereabouts.
Average Retirement Ages:
Year M F
1992 62 59
2001 63 60
2010 64 62
2016 65 63
2021 65 62
<https://www.forbes.com/advisor/retirement/average-retirement-age/>
But also note:
"On average, male college graduates retire at the age of 65.7, while high school
graduates retire at the age of 62.8.
Why the difference?
CRR reported that less-educated people are generally in worse health, and are therefore
more likely to retire due to health issues. Meanwhile, white collar jobs–which tend to be
filled by those with a college education–are less physically demanding, thereby allowing
workers to stay employed longer."
You better get with it: they DON'T call them "white-collar" jobs anymore (when was the last time
you saw someone at work wearing a white shirt?), they are called "knowledge workers."
Nah: I know the audience to whom I'm speaking is an old foggie, so the terminology was
tailored to what they remember.
CoVid's pushback on this is that white collar professionals' incomes result in a greater
financial ability to retire earlier if they so choose...which seems to be the trend in the data.
Hey Lyin' Asshole, the LPR, especially the MALE LPR, dropped PRECIPITOUSLY under
Lyin' Biden and HASN'T recovered.
Really? Got cite?
Yah, I do.
Because from what I've read, it was the female LPR *under Trump* that crashed during CoVid and hasn't recovered:
<https://www.chicagofed.org/publications/chicago-fed-letter/2021/450> <https://www.bls.gov/opub/reports/womens-databook/2021/home.htm>
FYI, be aware that some metrics are inappropriate, such as this one: <https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm>
Because it uses a metric of "age 20 and up", so it is includes all retirees in the
participation rate which means that it is
biased by heterogeneous population variations ... e.g. the Baby Boomer retirement bubble.
So, NO NEW JOBS were created under Lyin' Biden - we still have a LONG way
to go just to get back to pre-Lyin' Biden levels.
As of last August: "29 Months Later, All the Jobs Lost to COVID-19 Are Back"
<https://www.thebalancemoney.com/29-months-later-all-the-jobs-lost-to-covid-19-are-back-6542485>
Since total employed is higher now than pre-CoVid, it must by definition include some new jobs.
FYI, what you shouldn't allow yourself to get confused by is that LPR and "% employed" can
go down while total jobs go up, because the worker population size is a denominator and
it changes too. Knowledge workers call this "multivariate".
The WHOLE POINT is that senile pervert Lyin' Biden is taking credit for CREATING jobs when,
in fact, people are just RETURNING to the jobs they lost during the pandemic.
Now, the senile pervert HAS DESTROYED JOBS, including A LOT of energy workers.
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