Sign of Economic Health: More Americans Entering Labor Force

[Frodo]

U.S. payrolls surge in December in boost to economic outlook

WASHINGTON  |  By Lucia Mutikani
Markets  |  Fri Jan 8, 2016 11:30am EST

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[Seneca]

Some counterpoints:

[Ebsy]

I think those counterpoints gave me brain cancer.

Are we really already calling it the Bernake-Yellen bubble?

[Seneca]

I think those counterpoints gave me brain cancer.

Are we really already calling it the Bernake-Yellen bubble?

Are the numbers wrong?

[Ebsy]

I think those counterpoints gave me brain cancer.

Are we really already calling it the Bernake-Yellen bubble?

Are the numbers wrong?

Well, they aren't sourced in those images? Are they BLS data, or?

[Kingpoleon]

Good, but the interest rates should not have been hiked.

Agreed. It could be very bad for the Democrats, as this growth bubble combined with the hiked interest rates . It would be okay if the employment was down, but at this rate the economy will be very shaky by November 2016, if not in a mild skydive. I'm probably changing my vote to 5.5-6.0% in my employment poll.

[Sprouts Farmers Market ✘]

Good, but the interest rates should not have been hiked.

Agreed. It could be very bad for the Democrats, as this growth bubble combined with the hiked interest rates . It would be okay if the employment was down, but at this rate the economy will be very shaky by November 2016, if not in a mild skydive. I'm probably changing my vote to 5.5-6.0% in my employment poll.

Do you honestly know what words you are stringing together?

[Kingpoleon]

Good, but the interest rates should not have been hiked.

Agreed. It could be very bad for the Democrats, as this growth bubble combined with the hiked interest rates . It would be okay if the employment was down, but at this rate the economy will be very shaky by November 2016, if not in a mild skydive. I'm probably changing my vote to 5.5-6.0% in my employment poll.

Do you honestly know what words you are stringing together?

I missed typing the rest of my second sentence, but from my understanding of previous recessions and the current trend, a recession is due either this year or within the next two. Recessions usually happen every six to ten years, and these signs are common ones when preceding such.

[Ebsy]

I missed typing the rest of my second sentence, but from my understanding of previous recessions and the current trend, a recession is due either this year or within the next two. Recessions usually happen every six to ten years, and these signs are common ones when preceding such.

If recessions were so easy to spot, don't you think economists would be on top of the ball and actually be able to predict them with more accuracy than "eventually sometimes in the next decade."?

[TheDeadFlagBlues]

Some counterpoints:

This is only a valid "counterpoint" if you failed econ 101.

[jaichind]

When everything is said and done the Dec 2015 Labor Force participation rate is 62.6% which is higher than the low of 62.4% in Sept 2015 but lower than Dec 2014 of 62.7% which is lower than Dec 2013 62.9% which is lower than Dec 2012 63.7% which is lower than Dec 2011 64% which is lower than Dec 2010 64.3% which is lower than Dec 2009 64.6% which is lower than Dec 2008 65.8% and so on and so on. 

Of course the counterattack to this point is "Well, the age composition if the USA population is getting older over time so a time series comparison is not valid."  In which case I would say "Sure, lets look at the labor force participation for a particular age group which should filter out this affect."   A reasonable age group to look at would be the 25-34 age group since that it the cohort we expect to find jobs since they are entering the job market.  We find the Labor Force Participation rate for age group 25-34 to be Dec 2015  to be 80.8% which is higher than the low of July 2015 of 80.5%.  But it is lower than Dec 2014 81.2% which is same as Dec 2013 81.2% which is lower than Dec 2012 81.9% etc etc etc.  The last time the Labor Force Participation for 25-34 year old are this low is back in the early 1980s when gender role expectations were different enough that a much larger bloc of women in this age group would target to be stay home versus entering in the work force.  So once we filter that out we can say "The Labor Market for 25-34 year olds have not been this bleak since ... ever."

[Seneca]

-snip-

This is only a valid "counterpoint" if you failed econ 101.

ayy lmao

[Simfan34]

Some counterpoints:

What do you define as "non-bubble" growth?