Showing posts with label JOBS Full Time. Show all posts
Showing posts with label JOBS Full Time. Show all posts

Friday, October 30, 2020

Fake News from Drudge vs. Trump reminds me of Fake News from Rush Limbaugh for Trump: "Economy in same place as Great Recession..."

 Anyone with any brains can see that the economy is about where it was at the beginning of 2019, not where it was in 2009, at least on paper.

Rush was telling us for months that businesses were being destroyed by the lockdowns and that they would not recover. Now he's telling us "we can survive a massive unknown hit like this thing by the coronavirus" and calling for "even more stimulus", i.e. what Democrats always call for, spending money we don't have, which is anything but conservatism from "The Big Voice on the Right".

The entire GOP signed off on the massive deficit spending to purchase this V-shaped recovery Drudge doesn't want to recognize, but 8.4 million still don't have the full time work they had just a year ago. That's a massive hit which will take years to recover. As in 2009, however, older workers who lost their full time jobs this time around won't recover them either. Full time will recover only as population grows. 

Neither Drudge nor Rush Limbaugh think too much of the intelligence of their patrons. Their understanding is thimble-deep.

But neither do Democrats nor Republicans. They go into panic mode to preserve as much of the status quo as possible with bailout gimmicks, same as ever. And when the bailouts end, the dispossessed will face what they always face: disillusionment. 

Sad!





Friday, February 7, 2020

Missing full-time jobs in January 2020: 6.3 million

Previous peak for average full-time as a percentage of population: 2006
Percentage @ peak: 52.3%
Percentage in Jan 2020: 49.85%
Full-time in Jan 2020: 129.379 million
Full-time in Jan 2020 @ 52.3% of 259.502 million: 135.719 million
Missing full-time: 6.34 million


Bernie was right in 2015 and it's even worse now: Real wages of men are lower than they were 45 years ago, a fiasco













The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there has been a “real” income decline for men over the past four-plus decades! ... [M]en’s real earnings are a fiasco.


Friday, January 10, 2020

Fake jobs boom: After 8 slow years of full time jobs recovery we're STILL not back to where Reagan got us in 4 years

Full time jobs are the sine qua non for family formation, births, homeownership, car sales, durable goods orders, retail, tax revenue and good schools.

You wanna know why all that sucks? Joe Biden's THREE LETTER WORD, J.O.B.S., right here:






Friday, December 6, 2019

Full-time jobs fall 605,000 in November, 50.388% of population employed full-time on average through November in 2019

Part-time jumped 483,000.

The 2019 average percentage of the population working full-time remains unchanged from October, despite the 605,000 drop in November.

If 52.2% still had full-time jobs as in 2006 and 2007, there would be 4.7 million more working full-time in 2019 than are, on average.

We live in an economy which has shrunk.



Thursday, December 5, 2019

Biden in the cat bird seat: Just as Bernie tanked after promising criminals will get to vote, Warren has tanked after hedging on Medicare for all

Ezra Klein, here:

One lesson of the past few weeks is that the Medicare-for-all debate has become a minefield for Democrats — and it’s not clear that any candidate has a safe path through it.

Sen. Elizabeth Warren has dropped 14 points since October 8, when she briefly led the Democratic field in the RealClearPolitics polling average. Most attribute her decline to her handling of Medicare-for-all — the financing plan she released made her the target of attacks from the moderates, and then the transition plan she released, which envisions a robust public option in the first year of her presidency and only moving to Medicare-for-all in year three, left single-payer advocates unnerved about her commitment to the cause.

The Democrat left has been its own worst enemy.

In addition to alienating working people by going soft on crime, the people who bear the brunt of it,  Bernie has notably lost ground with the working class by flipping on immigration restriction. Every new immigrant drives down their wages when immigrants are not taking their jobs outright.

For her part, on top of hedging on Medicare for all, Warren has rolled out a veritable cornucopia of crazy in this campaign, including a ban on all fracking in the US and ending the Electoral College. Combined with the recent lying about the little details of her life, voters justifiably doubt her sincerity on these larger issues and suspect that she cares about little except getting the power into her hands.

Hence the default candidate still on top, Joe Biden.

America's political institutions are still so structured that even when radicals like Obama do win, those institutions frustrate their aims. The upside of this is that harmful radicalism is usually stopped in its tracks. The downside is that mediocrities and grotesques are produced.

Just as Obama was content to let his Clinton retreads handle the Great Financial Crisis resulting in the still poor full time employment, moribund GDP, unaffordable housing and low interest rates catastrophic to income portfolios of the present time, Obama provided zero leadership on healthcare reform. This resulted in the competing Democrat House and Senate versions which consumed his first year in office, and eventually produced the Affordable Care Act camel, a horse designed by a committee. He sure did enjoy watching basketball in the private residence, though, and went on to make the Bush tax cuts permanent after winning re-election in 2012. Some radical, huh?

The same thing has happened with Trump. Although promising us the moon about immigration, healthcare reform and foreign wars, he instead delivered tax reform mostly for the corporations and huge spending increases for the military industrial complex, which is the basic consensus of the Republican caucus in Congress, foolishly hoping that they would give him a little somethin' somethin' in return.

Nothing doing. Even trade realignment will disappear when Trump does.

Trump's problem is that he never had a political faction holding any seats in Congress to drive his agenda. He just assumed the existing members would adopt his positions, which is pretty damn naive considering how he attacked and alienated them all throughout 2015-2016. Instead, Trump has steadily moved away from his own positions and adopted theirs, for his own political survival.

Trump's porous bollard fencing instead of the real wall he promised is simply the most public symbol of this, going back as it does to the George W. Bush administration.

The only radical realignment we have seen is the realignment of the radicals with their respective parties, and Election 2020 will be the same old, same old fight between them.

Those who won't realign get discarded.

This is the tyranny of the legislative. And the only way to remedy this is to repeal the 22nd Amendment to the Constitution, the great mistake of 1951. Only the threat of a Trump or an Obama perpetually in the White House will restore the balance of power between the three branches of government and advance the interests of the people who vote for the president.

As things stand, the best we can hope for is a president desperately stacking the courts to increase his power in a tyranny of the judiciary, which is hardly the remedy intended by the founders and is unacceptable to Americans loyal to the constitution and the nation as founded. The three stooges of the law schools on display at the impeachment hearing yesterday are proof enough of that. 

Friday, November 1, 2019

Full time employment is still abnormally low in the eighth year of painfully slow recovery

On an average basis through October 2019, just 50.37% of civilian noninstitutional population works full time.

A simple return to the rate of 51.3% which still prevailed throughout 2008, before the black communist got elected and scared employers half to death, would mean almost 3 million more working full time at current population level than do.

It took Reagan only three years to dig out of similar depths to which we sank in 2009, 2010 and 2011, but here we are in the eighth year of recovery and can't crack 50.5%.

Pathetic. 

Friday, October 18, 2019

The trend for growth of part-time work since 1968 has been much stronger than for full-time, saving business the cost of paying benefits such as paid holidays, sick time, retirement and health insurance

PART-TIME
FULL-TIME
Note the huge jumps in the percentage working part-time due to the Clinton tax increases after his election in 1992 and after the Great Recession in 2008.

Full-time has still not recovered to the two decade experience pre-Great Recession.

Monday, October 7, 2019

Twelve years ago under Bush 43 52.36% of Americans had full-time jobs, today just 50.72% do, a deficit of 4.242 million full-time jobs

It's not an economic boom today anymore than September 2007 was, but after the catastrophe of 2008-2009 and the Obama years, some are just relieved that the torturer has stopped visiting their jail cells and mistake that for freedom.

September 2007 (click to enlarge)
September 2019 (click to enlarge)

Friday, September 6, 2019

Just 3,000 full-time jobs created in Aug 2019 as Trump bump runs out of steam

Full-time increased to 132.156 million in Aug 2019 from 132.153 million in July, an increase of just 3,000.  

Average full-time in 2019 at 50.3% of population is still well below the average two-decade experience of Americans between 1987 and 2008 when full-time averaged 51.8% of population. We can't even yet match the average cyclical high of 51.1% prior to 2008.

In August 2019 51.8% working full-time instead of the actual 50.9% would mean 2.23 million MORE people working full-time right now than actually do.

The spread between the 2019 average of 50.3% and the 1987-2008 average of 51.8% is even higher: 3.9 million MORE who could be working full-time on average this year but are not, simply because whatever broke after 2008 still isn't fixed, not by Trump, not by Obama, not by Republicans, not by Democrats, not by Bernanke, Yellen, Powell or by anybody else.

It's busted, I tell ya, but they still let legal immigrants in by the millions, not to mention illegals.

It's insanity.




Thursday, August 15, 2019

Jobless claims through 8/10/19 pop above year ago levels in both seasonally-adjusted and not-seasonally-adjusted

That's now the third time in recent months (May, June, August), a concerning sign given that full time employment usually peaks in 3Q. It's not encouraging to see such weakness at the strongest time of the year. 

Friday, July 5, 2019

The fools at CNBC write the dumbest headlines about jobs

"Strong job growth is back: Payrolls jump in June well above expectations"

The Civilian Employment Level is cyclical. It routinely bottoms in January and peaks in the summer with the cycle of seasonal part-time and full-time, the latter peaking in the summer months when millions of new graduates from high school and college get their first jobs.

So it is completely natural to have higher expectations for good jobs numbers in the summer, especially after four months of poorer performance than 224,000 Total Nonfarm Payrolls.

But if we were really having a jobs boom, "strong job growth", it would look like this, not like Trump's record so far with just two months out of thirty above 300,000:







Nine years after bottoming at 47% of population, full-time jobs still run millions behind

In the first half of 2019, full-time has recovered to 50% of population, still well below the previous average cycle high of 51.1%.

In the past full-time has recovered to 50% of population and above after just four years. We are in the ninth year and could easily have 2.7 million more working full-time in the first half of 2019 than we do presently at 50%.

It would take an extra 100,000 full-time jobs a month for another two-plus years straight to make up that difference, which just shows how pathetic it is that people routinely consider current job additions just north of 200,000 a month "strong".

Meanwhile population growth marches on, but those people are not being put to work.

Why continue to import immigrants then?

Why?

Our country is INSANE, doing the same thing over and over again expecting different results.