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  • marmar (125 posts)
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    New Census Data Shows Why the Job Market is Still “Terrible”

    New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said), but the Numbers Get Hushed up
    by Wolf Richter • Dec 26, 2016

     

    Hardly any improvement for individuals since the Great Recession.
    When Donald Trump campaigned on how “terrible” the jobs situation was, while the Obama Administration touted the jobs growth since the employment bottom of the Great Recession in 2010, it sounded like they were talking about two entirely different economies at different ends of the world. But they weren’t. Statistically speaking, they were both right.

    Since 2011, the US economy created 14.6 million “nonfarm payrolls” as defined by the Bureau of Labor Statistics – whether or not they’re low-wage or less than full-time jobs. But for individuals, this job market, statistically speaking, looks almost as tough as it was during the Great Recession.

    Obviously, a lot of people have found jobs, and some of them have found good jobs since then, and there are a ton of “job openings.” But the Census Bureau just told us why the job market is still, to use Trump’s term, “terrible” when it released its population estimates for 2016, just before clocking out for the holidays.

    According to this report: From the beginning of 2010 – in terms of jobs, the darkest days of the Great Recession – through December 2016, the US “resident population” (not counting overseas-stationed military personnel) grew by 16 million people.

    But since the beginning of 2010 through November 2016, nonfarm payrolls grew by only 13.8 million. …………..(more)

    http://wolfstreet.com/2016/12/26/census-data-shows-job-market-still-terrible-but-numbers-get-hushed-up/

     

     

     

     

    snot, Haikugal, jwirr and 17 others, Gracchus, davidgmills, Lynetta, bbgrunt, Rocker, notesdev, Live and Learn, Abelenkpe, Downwinder, DamnYankeeInHouston, Doremus Jessup, Silver Witch, LiberalArkie, A little weird, Fasttense, mmonk like this

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16 replies
  • Fasttense (799 posts)
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    1. Very interesting reading

    I did not know that birth rate in the US is about 0.38% and that the number of people entering the job market is about 2 million more than the number of jobs created.

    The US economy in decline.

    • FanBoy (5754 posts)
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      6. Immigration, historical, chart

      <noscript>Dashboard 1

       

  • Silver Witch (3107 posts)
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    2. Not only an excellent read but super links.

    The link to a pension story is amazing and shocking.  Thank you very much!

    Use your energy, resources and time more wisely to create a better world instead of falling for and spreading all this oligarch generated hysteria. ~Dont call me Shirley Science 101. Just do it…. and hope you live through it and can report about it. ~So Far From Heaven
  • Immacolata (135 posts)
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    3. Although depressing, an enlightening article. Thanks. nt

  • notesdev (1729 posts)
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    4. The only stat you need

    McDonald’s not long ago had a mass hiring event where so many people showed up, the acceptance rate was significantly lower than that for applications to Harvard.

     

     

  • davidgmills (3851 posts)
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    5. I thought this was an interesting comment.

    No idea what to make of it but an interesting inside perspective.

    Since I am a Latina, I have always had a ring side seat to the illegal immigration problem. The illegals do take away jobs and reduced wages. They can do this because they don’t pay taxes and that makes the wages go a lot further than for a legal worker. Both the employer and employee know they are both getting a good deal. The illegals also siphon off expenses resources, like free medical and educations for their children, because they don’t fear the authorities. Reagan gave them a free pass and they are still using it.

    While living in Florida, I came across a new form of tourist worker, people here as tourists but working. These people move across borders to work and go home before their tourist visa expires. This was popular not just with Latinos. They may work on or off the books and have no money withheld for taxes. This is possible because they are technically not illegals. The American worker has been so screwed by the immigration issue that many no longer have any sympathy for any of them. Hence, the Trump victory.

    French Revolution; not secession.
    • FanBoy (5754 posts)
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      7. I have a long-time friend, hispanic, parents = farmworkers, grew up a farmworker

      but eventually went to college — says the same thing — the ‘illegals’ take our jobs.

    • Fasttense (799 posts)
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      8. As a college student I worked picking flowers in Florida right next to

      the undocumented workers, mostly Hispanic women. Very nice people but they took taxes out of my pay and it became too expensive for me to work there. I got better money working as a babysitter.

      Cesar Chavez discouraged illegal migration because it did lower wages and union strength. You get the same affect when jobs are moved to cheap labor markets while still selling the product in the expensive labor market area. It’s what TPP promoted. Obama’s support of TPP was like a giant weight around the neck of the Democratic party.

      It’s not the immigrants’ fault. They get used and abused since they can’t complain. It is mostly the employers’ fault. They should be fined and punished  for illegal hires but Raygun stopped enforcement of illegal employment laws and every president since has ignored the laws….so will Trump.

      • Gracchus (1031 posts)
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        9. I am glad you mentioned Cesar Chavez.

        Chavez’s legacy has been badly distorted by certain people with an agenda. The agenda is to downplay his role as a labor leader in favor of portraying him as some kind of Chicano nationalist. Chavez was primarily concerned with helping farm workers and he saw undocumented workers as scab labor, knowing that farm companies used them to try to break the United Farm Workers union.

        The distortion of Chavez’s legacy is a good example of the toxic way in which identity politics is used to obscure class issues in favor of racial and ethnic tribalism.

        • FanBoy (5754 posts)
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          11. +100, he was a labor leader first and foremost. but the ptb make it all

          about identity — a cartoonish representation of the real heritage.

        • Fasttense (799 posts)
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          13. Thanks Gracchus.

          See my response on post 12 for the reason.

      • FanBoy (5754 posts)
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        10. it's the employers' fault, but that's secondary to the ptb (who desire the

        end result of increased labor competition and downward wage pressure), the legislators, and the (non) enforcement.

        and yeah, the immigrants are the least to blame, but they catch all the flak — cause that’s what the ptb like, to keep everybody fighting each other so no one notices the vampires sucking their blood.

        • Fasttense (799 posts)
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          12. So true.

          Cheap labor, the foundation of capitalism, will destroy capatilism in the end. This blaming the immigrant for the horrors that capitalism visits upon a society has been going on for awhile. I was just reading up on the Irish potato famine and free trade capitalism had its grubby hands all over that horror.

          And Good point Gracchus about identity politics. Until you gave me that example, I think I didn’t fully understand the problem with identity politics.

           

          • FanBoy (5754 posts)
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            14. its a very effective tactic. my hispanic/ex-farmworker friend bought into

            that stuff pretty completely, would get mad/incomprehending when I brought up the labor v identity piece.  but he had a ten year run of bad luck that cost him pretty much everything and is now changing his ideas rather a bit — because he got screwed by the machine and by false friends of various identities

      • Akallabeth (2234 posts)
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        15. TPP isnt dead!

        And the biggest potential weight around our necks to come is this one from 1995.

        "Out of many, one"
        • Fasttense (799 posts)
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          16. Yup, those GAT agreements match a lot of the wording

          In the TPP and other agreements.  It’s as if the same fascistic, anti-democratic, money grubbing person wrote all the trade legalese into all the trade and financial documents signed by the US in the last 50 years.

          The uber rich shall keep their black boot on the neck of civilization until they massacre humanity.