Job growth in 2017 was at its weakest since 2010

[goatprairie]

Looking occasionally at the want ads in the local rag most of them seek people with tech training or the trades.  Very few job offers for SJWs or community organizers. 
HS students must be encouraged  to seek post high school education in tech fields or the trades. Too many HS grads go on to college seeking all but worthless liberal arts degrees.
Maybe they're already doing this, I don't know, I haven't talked to any HS teachers or other people in the know lately.  But we certainly don't need the mobs of SJWs  who are now taking up space (or worse) in many colleges and universities.

[Cyber Liberty]

Looking at "Jobs created" while ignoring "Jobs lost" is like boasting about how the Dodgers scored 9 runs the night before, while neglecting to mention the Giants scored 12.

That's why I prefer to stick with looking at the Labor Force Participation Rate.  It's been oscillating between 62.7 and 63.1% since 2014, with no appreciable gain in '17.

[edpc]

Looking at "Jobs created" while ignoring "Jobs lost" is like boasting about how the Dodgers scored 9 runs the night before, while neglecting to mention the Giants scored 12.

That's why I prefer to stick with looking at the Labor Force Participation Rate.  It's been oscillating between 62.7 and 63.1% since 2014, with no appreciable gain in '17.

I recently read a story making a big deal about how retail jobs were lost during December. In my view, people are moving out of multiple, low-paying, part-time jobs and into a single, better paying full-time position, as conditions improve.

Technically, there are job losses, but it is better overall for the economy and workers.

[Cyber Liberty]

I recently read a story making a big deal about how retail jobs were lost during December. In my view, people are moving out of multiple, low-paying, part-time jobs and into a single, better paying full-time position, as conditions improve.

Technically, there are job losses, but it is better overall for the economy and workers.

The retail sector is going through a lot of pain now.  The online mail-order business is wiping out the brick and mortar stores.  Even grocery stores are not immune.

[Weird Tolkienish Figure]

The retail sector is going through a lot of pain now.  The online mail-order business is wiping out the brick and mortar stores.  Even grocery stores are not immune.

Should be more jobs for delivery drivers, logistics, warehouse workers though.

[Cyber Liberty]

Should be more jobs for delivery drivers, logistics, warehouse workers though.

Yup.  I wonder if it's a net loss or gain?

[Weird Tolkienish Figure]

Yup.  I wonder if it's a net loss or gain?

I don' t know, but the US is currently at full employment.

[Sanguine]

We know the unemployment rate is subject to manipulation, so I wonder what the employment rate is over time.  I'll look it up later when I get time.

[InHeavenThereIsNoBeer]

Looking at "Jobs created" while ignoring "Jobs lost" is like boasting about how the Dodgers scored 9 runs the night before, while neglecting to mention the Giants scored 12.

That's why I prefer to stick with looking at the Labor Force Participation Rate.  It's been oscillating between 62.7 and 63.1% since 2014, with no appreciable gain in '17.

Job growth numbers are specified as net, they include losses.

[Cyber Liberty]

Job growth numbers are specified as net, they include losses.

Thanks.  One would think the Dems would insert that into all the bragging they kept doing when Obama was King.

[IsailedawayfromFR]

Looking at "Jobs created" while ignoring "Jobs lost" is like boasting about how the Dodgers scored 9 runs the night before, while neglecting to mention the Giants scored 12.

That's why I prefer to stick with looking at the Labor Force Participation Rate.  It's been oscillating between 62.7 and 63.1% since 2014, with no appreciable gain in '17.

The identifiable problem with that metric was pointed out on a different thread months ago that its denominator includes retired people like myself.

I have no interest in a job, so what type of gauge is it to include those no longer interested in working alongside those who are willing to work but cannot find a job?  It also means as more retirees get into the mix and live longer, that metric will invariably go down which once again does nothing to understand the health of the economy via the number of bonafide job seekers.

[Cyber Liberty]

The identifiable problem with that metric was pointed out on a different thread months ago that its denominator includes retired people like myself.

I have no interest in a job, so what type of gauge is it to include those no longer interested in working alongside those who are willing to work but cannot find a job?  It also means as more retirees get into the mix and live longer, that metric will invariably go down which once again does nothing to understand the health of the economy via the number of bonafide job seekers.

That's what I suspected, the number is bound to head south as us old farts retire (Mine in a couple years).  It also includes a lot of people who are "Disabled," that aren't really, but were added to the SSDI rolls to help keep the U3 numbers down for Obama.

There is no statistic that has not been bastardized.

[Hoodat]

The identifiable problem with that metric was pointed out on a different thread months ago that its denominator includes retired people like myself.

@Cyber Liberty @IsailedawayfromFR

Rather than the rate, we should look at the actual number, taking into consideration the growth of the workforce (i.e. people aged 21-60) due to immigration.

The premise here being that jobs do not retire with retiring workers.  The Obama Administration used the retiring workers excuse for declining employment numbers.  Yet the total number of jobs should not decline because a worker retires.  Instead, that job should go to someone else.

[IsailedawayfromFR]

@Cyber Liberty @IsailedawayfromFR

Rather than the rate, we should look at the actual number, taking into consideration the growth of the workforce (i.e. people aged 21-60) due to immigration.

The premise here being that jobs do not retire with retiring workers.  The Obama Administration used the retiring workers excuse for declining employment numbers.  Yet the total number of jobs should not decline because a worker retires.  Instead, that job should go to someone else.

Well, it may not go to someone else as it is not a zero sum game.

Technology got rid of the thousands of Bell Telephone operators, for example.