"There's no inflation."

[acptulsa]

Should people who are not looking for a job (for whatever reason) be counted as unemployed?

1. Are they employed?

2. You have the hundred million or so FRNs it would take to find them all, poll them all, and find out if they're looking for a job?

 

[erowe1]

Should people who are not looking for a job (for whatever reason) be counted as unemployed?

Probably. Do you have a better explanation for the sudden huge drop off in workforce participation from what had remained steady for decades?

It's not like culture has suddenly gone back to the model of the dad working and the mom staying home to the degree that that was the case back when the workforce participation rate was last that low.

 

[PRB]

1. Are they employed?

2. You have the hundred million or so FRNs it would take to find them all, poll them all, and find out if they're looking for a job?

are they eating 3 meals everyday? To ask if a person is employed assumes that a person needs to be.

People which are retired, unemployed by choice, are by definition unemployed, but tell us nothing about their economic need or hardship.

no, you don't need hundreds of millions, you can simply count people who are employed, or people who filed for having income on taxes.

or, even more quickly, is looking at who applies for unemployment benefits.

 

[Zippyjuan]

The participation rate actually started to decline back in 2000 so the current crisis is not the only explanation either. The trend is more than a decade old (nearly a decade and a half). It flattened a bit between 2004 and 2009 and then resumed its movement.

http://data.bls.gov/pdq/SurveyOutputServlet

 

[erowe1]

The participation rate actually started to decline back in 2000

From 67 to 66.

Notice in the chart you provided how it stayed consistently in the 66-67 range from 1988 to 2008. Prior to that it went through a long period of going up, presumably as working mothers became more and more common. The steady drop back down to 63 from 2008 until today is pretty remarkable. If you don't see this as militating against the lowering unemployment rate over the same period, then how do you explain it?

 

[Zippyjuan]

Nice bell shaped curve. Moved up. Peaked. Moving down.

Longer look:

It has been above 60% since 1970. Sitting near 40 year average.

 

[acptulsa]

Nice bell shaped curve. Moved up. Peaked. Moving down.

Longer look:

It has been above 60% since 1970. Sitting near 40 year average.

From what I can see of your 'nice bell shaped curve', the participation rate is the lowest it has been since 1976. Also known as the middle of the feminist movement and the middle of the post-Bretton Woods, energy crisis stagflation recession that made it impossible for most couples to operate a family household on one income.

Nothing to worry about in that, right? Move along now, folks...

 

[LibForestPaul]

are they eating 3 meals everyday? To ask if a person is employed assumes that a person needs to be.

People which are retired, unemployed by choice, are by definition unemployed, but tell us nothing about their economic need or hardship.

no, you don't need hundreds of millions, you can simply count people who are employed, or people who filed for having income on taxes.

or, even more quickly, is looking at who applies for unemployment benefits.

Maybe theyre retired cops and teachers.

 

[oyarde]

are they eating 3 meals everyday? To ask if a person is employed assumes that a person needs to be.

People which are retired, unemployed by choice, are by definition unemployed, but tell us nothing about their economic need or hardship.

no, you don't need hundreds of millions, you can simply count people who are employed, or people who filed for having income on taxes.

or, even more quickly, is looking at who applies for unemployment benefits.

You can say retired , I can say , unemployed , so drawing social security disability , but still able to work .....

 

[oyarde]

Maybe theyre retired cops and teachers.

I have only one friend who is a retired city cop , he is even older than I and has a business and works three days a week at his place , he is drawing two pensions and his social security though . He is a chain smoker though , and worked until " full retirement date " , so he will probably never draw all that he pd in , in perfect health , right now . Only retired teachers I know , that I can think of are dead .

 

[oyarde]

From what I can see of your 'nice bell shaped curve', the participation rate is the lowest it has been since 1976. Also known as the middle of the feminist movement and the middle of the post-Bretton Woods, energy crisis stagflation recession that made it impossible for most couples to operate a family household on one income.

Nothing to worry about in that, right? Move along now, folks...

Well , compare the amount of money in gubmit obligations in , say , 1978 , to now . Then you get the picture .....

 

[HOLLYWOOD]

All PONZI & PYRAMID SCHEMES ALWAYS require ever increasing prices... sometimes much more than is truly reflected. Most of these inflationary FIAT counterfeiting financiers are just another breed of fucking thievery.

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[oyarde]

Looks to me that the real inflation is and has been in food and energy which effects the median income and lower people the most .....

 

[56ktarget]

MOAR CONSPIRACY THEORIES!!!

 

[oyarde]

Got a letter from the Nat Gas co couple days ago . To expect 6 % increase in May .

 

[oyarde]

MOAR CONSPIRACY THEORIES!!!

There is no conspiracy in work force participation .

 

[AuH20]

Why don't we tabulate M3 any longer? Hmmmmmm? Is there something I shouldn't know?

 

[erowe1]

MOAR CONSPIRACY THEORIES!!!

Source?

 

[Zippyjuan]

Why don't we tabulate M3 any longer? Hmmmmmm? Is there something I shouldn't know?

What additional information would M3 give us? (it is also harder to track).

Here are the additional items you are missing out on:

M3: M2 + all other CDs (large time deposits, institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements.

Large time deposits are those in excess of $100,000.
Eurodollars are deposits in European countries which are denominated in US dollars

http://en.wikipedia.org/wiki/Money_supply

 

[Peter4Paul2016]

Janet Yellen says there is no inflation...

"the average monthly rent in America has risen 40%, the price of a dozen eggs has increased 106%, and the price of gas has gone up more than 176% since the year 2000." via goldsilverinvestments.

I don't think you can argue inflation in the price of groceries and housing. Apparently one of Yellen's goal is inflation - and the Fed thinks inflation is a GOOD thing?!

Janet Yellen cannot create jobs, and inflation will only hurt people... The Federal Reserve is hoping that they can build confidence in the markets by repeating that the economy is improving... but the economy is NOT doing better, and pumping billions of dollars of new money in the economy does not help...