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FED-U.S. Labor Mkts- At or Beyond Full Employment

 
Carnac The Magnificent

User ID: 31587129
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05/26/2016 10:15 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


It is mind boggling.
Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
Anonymous Coward
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05/26/2016 10:18 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


It is mind boggling.
 Quoting: Carnac The Magnificent


The economy is booming!
Anonymous Coward
User ID: 71000489
Canada
05/26/2016 10:19 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829


He's saying the labor market is tight, which means there aren't many unemployed people looking for work, which means inflation will arise from companies having to raise wages to attract employees.

Which is bullshit, because your participation rate is in the toilet because so many of your bottom feeders can survive on foodstamps, section 8, student loans for their 4th pinko degree, etc. Also, given that many people have multiple part time jobs, the stats are skewed even worse.
BudFox2012

User ID: 2574216
United States
05/26/2016 10:21 AM

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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
When I hear crap like this I wonder if this isn't "justification" for more immigration.

"Look, we are at over full employment. Quick, bring in some more 3rd world people so these jobs can get filled." Of course reality tells a different story but don't be shocked if that is the narrative.
Blue Horseshoe loves GLP
Anonymous Coward
User ID: 70247887
United States
05/26/2016 10:45 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Half the country not working and the stock market near all time highs is the goal of capitalism. They just don't need the other 200 million people to make money. Its like Monopoly but real life.
Dwizzle
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05/26/2016 11:10 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
The Fed is saying that because Full Employment is part of their "dual mandate". The other being an inflation target of 2%. Full employment is considered somewhere around 5%... But, the unemployment number came down over the last several years due to shenanigans with the Civilian Labor Force Participation Rate. It was easy to make the Unemployment Number go down if you take people out of the workforce who have been unemployed for "too long". So, tick for tick, as the unemployment rate lowered, so too did the Civilian Labor Force Participation Rate. And, yes, way more part time jobs and older people getting hired than real jobs.
Hard Eight  (OP)

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05/26/2016 11:10 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Half the country not working and the stock market near all time highs is the goal of capitalism. They just don't need the other 200 million people to make money. Its like Monopoly but real life.
 Quoting: Anonymous Coward 70247887


I wouldn't confuse the current system with capitalism. Totally manipulated markets, especially cost of capital. Reeks of central planning IMO.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
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05/26/2016 11:48 AM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
America is the new Soviet union. They lie and everyone pretends they believe the lie when everyone with half a brain knows it's a lie. They know and we know but the propaganda goes on until the usoa collapses like the ussr did. It will happen overnight with no notice ahead of time. Obama is our comrade or dear leader and we are the subjects. They pretend to pay the government workers and money recipients a fair rate to work and we in turn pretend to work. It's all a big lie. You can get more truth by listening to radio Havana Cuba or the voice of Russia. Lmao
Anonymous Coward
User ID: 72279253
Canada
05/26/2016 12:04 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
[<50%]

U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday.

"By nearly any metric, U.S. labor markets are at or beyond full employment," Bullard said in an OMFIF lecture in Singapore.

"In short, labor markets are relatively tight," he said. "This may put upward pressure on inflation going forward."

[link to finance.yahoo.com (secure)]

Didn't realize Oturd's FED had finally saved the economy.
 Quoting: Hard Eight


They like insourcing 3 dollar an hour foreigners



I guess some 94 million Americans don't matter anymore

Now we know what this means



No FEMA camps needed. MSM just doesn't show the people being killed off. Euthanasia in place.

The American Rhine Meadows.
Judethz

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United Kingdom
05/26/2016 12:07 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
N TX economy seems pretty strong IMO but I didn't realize that was the case nationwide.
 Quoting: Hard Eight


kitty It isn't, unless you believe the gubbermint figures.
Paradox0910

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05/26/2016 12:22 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829


EXACTLY!!! With the high number of unemployed, having every available job already filled is actually a serious problem.

A really catastrophic problem...
The only thing I hate more than you, is myself.
Crazy Harriet

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05/26/2016 12:32 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829


EXACTLY!!! With the high number of unemployed, having every available job already filled is actually a serious problem.

A really catastrophic problem...
 Quoting: Paradox0910


Actually, that's not what they mean at all, but it's an interesting take.

They are implying that the number of people available to be hired is low. Back in the 1980's, Greenspan was very open about wanting to keep a sweet spot on unemployment. This was 6.25% unemployment or thereabouts. Would have to look it up and it might be difficult to find the exact number today. If unemployment went too much above that he would loosen interest by lowering the lending rate, if too far below that, would raise interest rates (tighten).

He discussed this in congressional testimony, which i have listened to, if someone is doing research on the same. Anyway, whenever unemployment fell below that number, he raised interest rates. The logic here was that putting the squeeze on business costs left less money to hire and reduced employment enough to bring it to the sweet spot - that point in which the maximum number of people were employed short of stoking labor price inflation.

If you look back at the days when the Clinton administration was making it harder to get welfare, you'll find the right period. The irony is that this left many millions permanently unemployed BY DESIGN at the same time the congress, Clinton and the media were screaming about people abusing welfare by not working while able-bodied. I kid you not.

There has always been a huge chasm between the decisions and policies as actually practiced and the pot-banging noises presented by the "news at 7" folks.

What appears to be in the works now is the setting of the stage for a fed price increase soon. Perhaps their June meeting? Fake numbers for falsely-presented policies. The fed will raise rates for one reason only - there is soft demand for their product. High rates relative to other countries has always and only meant the currency was finding it hard to find buyers. Everything else is noise. Look over there! New York has 31 genders now. Don't look at Wall Street and the fed, though!

Last Edited by Crazy Harriet on 05/26/2016 12:41 PM
"I would rather take a political risk in pursuit of peace, than risk peace in pursuit of politics." - Donald Trump
Hard Eight  (OP)

User ID: 59415816
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05/26/2016 01:00 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829


EXACTLY!!! With the high number of unemployed, having every available job already filled is actually a serious problem.

A really catastrophic problem...
 Quoting: Paradox0910


Actually, that's not what they mean at all, but it's an interesting take.

They are implying that the number of people available to be hired is low. Back in the 1980's, Greenspan was very open about wanting to keep a sweet spot on unemployment. This was 6.25% unemployment or thereabouts. Would have to look it up and it might be difficult to find the exact number today. If unemployment went too much above that he would loosen interest by lowering the lending rate, if too far below that, would raise interest rates (tighten).

He discussed this in congressional testimony, which i have listened to, if someone is doing research on the same. Anyway, whenever unemployment fell below that number, he raised interest rates. The logic here was that putting the squeeze on business costs left less money to hire and reduced employment enough to bring it to the sweet spot - that point in which the maximum number of people were employed short of stoking labor price inflation.

If you look back at the days when the Clinton administration was making it harder to get welfare, you'll find the right period. The irony is that this left many millions permanently unemployed BY DESIGN at the same time the congress, Clinton and the media were screaming about people abusing welfare by not working while able-bodied. I kid you not.

There has always been a huge chasm between the decisions and policies as actually practiced and the pot-banging noises presented by the "news at 7" folks.

What appears to be in the works now is the setting of the stage for a fed price increase soon. Perhaps their June meeting? Fake numbers for falsely-presented policies. The fed will raise rates for one reason only - there is soft demand for their product. High rates relative to other countries has always and only meant the currency was finding it hard to find buyers. Everything else is noise. Look over there! New York has 31 genders now. Don't look at Wall Street and the fed, though!
 Quoting: Crazy Harriet


trumpclappa
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
User ID: 32233933
United States
05/26/2016 01:23 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


Trump said in a speech that New Mexico's food stamp recipients had TRIPLED since 2000.
How does that happen with full employment? Maybe working the welfare system counts as employment with Oturd's regime.
 Quoting: Hard Eight


Easy! Just make it so words have no meaning anymore. Repeat after me:

30% unemployment = full employment.
Weak economy = overheating economy
War = peace
Night = day
Stupidity = intelligence
Fact = lie
 Quoting: Anonymous Coward 72251520


Male = Female
 Quoting: Hard Eight


But this time it's about Hillary's server --

Thread: They're Trying to Change the Discussion with Labeling - AGAIN!!

.
Copperhead

User ID: 72243888
United States
05/26/2016 01:38 PM

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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


Don't worry, the major media and the Democrats will start reporting the real stats shortly after Trump takes the Oath of Office.
BunBun

User ID: 70719364
United States
05/26/2016 01:43 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Well, you see, what has happened is that so many jobs were sent overseas that for the jobs we have left, they are filled up and those who don't have a chair are just screwed. The overall Consumer Market is going to reflect those who are broke and those who do not have enough income and are unable to consume goods. As merchandise goes unpurchased or sold below what they should be, companies will be losing money and will have to raise prices in order to stay afloat, thus we will have inflation.

The poor get poorer.

Thanks Obama, you motherfucker.
Christard and Lover of God
Hard Eight  (OP)

User ID: 59415816
United States
05/26/2016 01:46 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


Don't worry, the major media and the Democrats will start reporting the real stats shortly after Trump takes the Oath of Office.
 Quoting: Copperhead


That's for sure. Black Jebus must win!
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Hard Eight  (OP)

User ID: 59415816
United States
05/26/2016 01:48 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Well, you see, what has happened is that so many jobs were sent overseas that for the jobs we have left, they are filled up and those who don't have a chair are just screwed. The overall Consumer Market is going to reflect those who are broke and those who do not have enough income and are unable to consume goods. As merchandise goes unpurchased or sold below what they should be, companies will be losing money and will have to raise prices in order to stay afloat, thus we will have inflation.

The poor get poorer.

Thanks Obama, you motherfucker.
 Quoting: BunBun


WOW! Thanks for that BB! hf

Goofy Thum
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
BunBun

User ID: 70719364
United States
05/26/2016 02:19 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Well, BunBun is working for the Wal-Mart and listen, we had some towels and bath rugs that were made in the US. The wash rags were 8 dollars apiece. They were better quality than the Chinese made ones for sure. Problem was, most people didn't want to pay the higher price for the Made in the USA merchandise.

You see, the 98 cent flip flops fly off the shelves.

But, anyway it all went clearance. The Bath rugs sold for 17.00 each and the towels for 3.00. Lots of merchandise at the Wal-Mart doesn't sell until it's gone Clearance. Shocked me when I started working there and found out how much of the clothing is still in the back room until after it has gone clearance. It isn't even put out on the floor sometimes. Believe me, they have a metric ton of clothing in the back room that you aren't getting to see at all. When they tell you that they haven't gotten something that a different Wal-Mart has, then that just means that they haven't put the merchandise out, but it is probably in the storage bins. You wouldn't believe what is in the backroom clothing wise.

See, that's what Donald Trump is going to have to do. He's going to have to charge tariff for the Chinese made goods. 30 percent upcharge. It makes the cheap Chinese knock offs higher in price and allows made in America products to compete in the Market Place. Initially, it's going to hurt like hell. He's got to force companies to bring jobs back and he's got to make our market pay to play. No more free access to the American Market. We have to hope that we still have enough value here for the Chinese to want to play. I think we do, but it's getting close.

We are 20 Trillion dollars in debt and have trade policies that favor the other guy. It's going to hurt us no matter what is done. I think we all need to be prepared for the higher prices and for a real push back from the Chinese.
Christard and Lover of God
Crazy Harriet

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05/26/2016 03:03 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


Don't worry, the major media and the Democrats will start reporting the real stats shortly after Trump takes the Oath of Office.
 Quoting: Copperhead


You can count on it. The homeless were on the front page of the San Francisco Chronicle within a month after Bush took office in 2001. The repubs called them on it, too, and they admitted they didn't want to embarrass Bill Clinton when he was in office.

That's how they roll. That's how they troll.
"I would rather take a political risk in pursuit of peace, than risk peace in pursuit of politics." - Donald Trump
Anonymous Coward
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United States
05/26/2016 03:06 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
So

we've lost that many jobs!?!

Wow, great work Team Ofuckup.
wharrgarbl

User ID: 71750796
United States
05/26/2016 03:41 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
for silvertards:

Miner Sees Silver Price Surging Ninefold as Global Gadgets Boom

[link to www.bloomberg.com]

The highest projection among analysts surveyed by Bloomberg is $57 an ounce in 2019.
 Quoting: Hard Eight


its sitting at around $18 an ounce right, and the mints can't make enough. I'd say an uptrend is in the works. I'll buy...
(Insert clever, inspirational and/or witty quote here)
First Born

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05/26/2016 03:50 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
The real unemployment numbers are near 20%.

These manufactured obama numbers are complete bullshit.
Anonymous Coward
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05/26/2016 03:51 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
For a little perspective: I bought a cheap tool at Home Depot the other day, it was the first thing I've purchased in years other than food, water, energy, shelter, and medical care. The packaging on this thing was new. Apparently, a new type of packaging has emerged in the past few years, and I was totally unaware of it because I do so little consumer spending.

And I'm looking for work.

Real work.

There are no shortage of jobs, but those jobs don't pay enough for you to breath air, and they wonder why those jobs go unfilled.
Anonymous Coward
User ID: 72224728
United States
05/26/2016 03:52 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


I'm still laffin over their assessment...
manson-nutter2
Anonymous Coward
User ID: 72280799
Mexico
05/26/2016 04:23 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829



THIS

There ARE no more jobs.
Anonymous Coward
User ID: 71906519
United States
05/26/2016 04:27 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
This is what happens when reality ceases to be a "metric."

95 million out of the workforce.
46 million on food stamps.
11 million on disability.
15 million wetbacks working for cash.

Full employment? Yeah, riiiiight. Yet these fucks stand there with a straight face and say this shit...

It's goddamned mind boggling.
 Quoting: Anonymous Coward 72251520


Trump said in a speech that New Mexico's food stamp recipients had TRIPLED since 2000.
How does that happen with full employment? Maybe working the welfare system counts as employment with Oturd's regime.
 Quoting: Hard Eight


Easy! Just make it so words have no meaning anymore. Repeat after me:

30% unemployment = full employment.
Weak economy = overheating economy
War = peace
Night = day
Stupidity = intelligence
Fact = lie
 Quoting: Anonymous Coward 72251520


Male = Female
 Quoting: Hard Eight


LSM folks. LSM. ...and then MSU!!!


Lie.
Steal.
Murder.

Its what government does. And then when it looks bad they just...

Make.
Shit.
Up.

We are living in criminal times.
Anonymous Coward
User ID: 71906519
United States
05/26/2016 04:28 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
I think the implication is that of the positions available, most are filled. It doesn't mean everyone is employed. It means there aren't enough jobs.
 Quoting: Anonymous Coward 69520829



THIS

There ARE no more jobs.
 Quoting: Anonymous Coward 72280799


Like I said above: make shit up, you know, like twist the English around.

Full Employment: All employment positions are filled.
Anonymous Coward
User ID: 72242803
United States
05/26/2016 05:12 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
Well, when nearly half or better of the working age population is defined as "not in the workforce", I guess so, what a bunch of lying dipshits.
Anonymous Coward
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Italy
05/26/2016 05:37 PM
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Re: FED-U.S. Labor Mkts- At or Beyond Full Employment
And the debt still rises.

On paper the US is the poorest nation on earth. Not enough dollars on the planet to pay the debt. I would say that is pretty fucked up.

Employment figures are irrelevant. Bankruptcy is the only option....enter Trump, the best man to get the US through a bankruptcy.

If he wins, you have a fighting chance. Hilary will destroy everything the US has.

Unpaid student loans account for a third of US assets, which include all buildings, infrastructure, business etc. Yet they are talking about stopping tuition fees. Nail in the coffin.

These statments in the OP are laughable.





GLP