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Author: MadCapitalist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756531  
Subject: November was a terrible month for job market Date: 12/7/2012 12:58 PM
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Gallup’s job market measure shows November was a terrible month

"The Labor Department says the unemployment rate fell to 7.7% in November. So the US labor market must be getting stronger, right?

Maybe not. That number includes part-timers and excludes discouraged workers. Is there a better number out there than what the Labor Department provides to show the true state of the jobs picture?

Pollster Gallup thinks so.

Its ”Payroll to Population” metric — an estimate of the percentage of the US adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week — “was 43.7% for the month of November, down from 45.7% in October. This is the largest month-over-month decline in P2P since Gallup began tracking it in January 2010 … November’s P2P decline likely results from workers becoming unemployed or dropping out of the workforce altogether.”"

http://www.aei-ideas.org/2012/12/gallups-job-market-measure-...


So the unemployment rate improved, but the percentage of adults working full time declined. I'm guessing that Democrats won't mention the second part.
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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658732 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 1:03 PM
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"The Labor Department says the unemployment rate fell to 7.7% in November. So the US labor market must be getting stronger, right?

Maybe not. That number includes part-timers and excludes discouraged workers. Is there a better number out there than what the Labor Department provides to show the true state of the jobs picture?

Pollster Gallup thinks so.

Its ”Payroll to Population” metric — an estimate of the percentage of the US adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week — “was 43.7% for the month of November, down from 45.7% in October. This is the largest month-over-month decline in P2P since Gallup began tracking it in January 2010 … November’s P2P decline likely results from workers becoming unemployed or dropping out of the workforce altogether.”"
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I heard Diane Swonk on CNBC talking about the jobs report, and she agreed it was weak when you take into account discouraged and part-time. She said it was so bad that she thinks this will cause the fed to talk about more, wait for it................quantatative easing. I'm not kidding.

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658733 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 1:34 PM
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something like 445,000 people 'dropped out' of the work force.

Gave up , usually, hunting for jobs that aren't there.

or were forced to 'retire early' without the means to live other than bare survival budget......waiting for more gov't goodies to arrive via foodstamps and other freebies...



t.

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Author: wolverine307 Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658734 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 1:35 PM
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She said it was so bad that she thinks this will cause the fed to talk about more, wait for it................quantatative easing. I'm not kidding

Sure, why not? It's worked so well to date. We just need a bit more of the hair of the dog.

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Author: wolverine307 Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658736 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 1:38 PM
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or were forced to 'retire early' without the means to live other than bare survival budget

That's what my parent's neighbor did. He somehow survived until he was eligible for SS. One less person looking for employment, even though he didn't want to retire at 62.

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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658738 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 1:40 PM
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She said it was so bad that she thinks this will cause the fed to talk about more, wait for it................quantatative easing. I'm not kidding

Sure, why not? It's worked so well to date. We just need a bit more of the hair of the dog.
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Have you heard of the platinum coin solution?

http://hotair.com/archives/2012/12/07/economists-love-old-gr...

If President Obama wants to avoid an economic calamity next year, he could always show up at a news conference bearing two shiny platinum coins, each worth .?.?. $1 trillion.

Okay, that sounds utterly insane. But some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress cannot or will not lift the debt ceiling soon. At least in theory.


It sounds utterly insane because, well … it is utterly insane. Apparently, acts of insanity are totally legal in the US, though, as long as they’re committed by a Treasury Secretary:

Enter the platinum coins. Under current law, the Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.

Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve. The Fed moves this money into Treasury’s accounts. And just like that, Treasury suddenly has an extra $2 trillion to pay off its obligations for the next two years — without needing to issue new debt. The ceiling is no longer an issue.

“I like it,” said Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it.”

In theory, this is much like having the central bank print money. But, Gagnon said, the U.S. government would simply be using the money to keep spending at existing levels, so it would not create any extra inflation. And if it did cause problems, the Fed could always counteract the effects by winding down some of its other programs to inject money into the economy.


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Author: ariechert Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 658784 of 756531
Subject: Re: November was a terrible month for job market Date: 12/7/2012 7:51 PM
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"or were forced to 'retire early' without the means to live other than bare survival budget"
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"That's what my parent's neighbor did. He somehow survived until he was eligible for SS. One less person looking for employment, even though he didn't want to retire at 62." - wolverine

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That was my plan. So far so good.

Beat's working for a living.

Artie

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