Labor force participation rate at 35 year low, State by state, 55 and over record high, WV lowest P2P rate Washington DC highest, CA NV highest underemployment rates

Labor force participation rate at 35 year low, State by state, 55 and over record high, WV lowest P2P rate Washington DC highest, CA NV highest underemployment rates

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Another excellent report from Zero Hedge on the US employment situation February 14, 2014.

“The US Participation Rate Is At A 35 Year Low: This Is How It Looks Broken Down State By State”

After years of being roundly ignored by the mainstream media, and certainly be self-important economists, the issue of labor force participation is suddenly up front and center, especially now that the Fed itself finds itself scrambling to explain the humiliation of hitting its 6.5% unemployment “forward guidance” threshold without proceeding to tighten as it said it would initially when it launched QEternity in December 2012.

Incidentally, we predicted precisely this when we said in December 2012 that “using a simple forecast, based on LTM trends across all key employment metrics reveals something very troubling, for the Fed and stocks that is: the 6.5% unemployment rate will be breached in July 2013! Now granted that is simply idiotic, and there is no way that the US economy could possibly recover that fast, but that is precisely what is implied based on the ongoing collapse in the Labor Force Participation, and the concurrent plunge in the Labor Force Participation rate,which has been the biggest marginal driver for the unemployment rate, far more than the number of people who have jobs, or are unemployed (readers can recreate our calculation on their own in 10 minutes with excel).”

Granted, we were off by six months, but we were spot on about the reason why the unemployment threshold number was hit so quickly, instead of as the Fed has originally predicted, some time in 2015/2016.

So now that absolutely everyone is laser-focused more on the participation print, recently at 35 year lows, than the actual unemployment number which even the Fed has implied is meaningless in the current context, one thing to note is that while the overall number is a blended average across the US, it certainly differs on a state by state basis.

In order to get a sense of which states are the winners and losers in the payroll to participation ratio,we go to Gallup, which conveniently has broken down this number on a far more granular basis.

Gallup finds that Washington, D.C., had the highest Payroll to Population (P2P) rate in the country in 2013, at 55.7%. A cluster of states in the Northern Great Plains and Rocky Mountain regions — North Dakota, Nebraska, Minnesota, Wyoming, Iowa, Colorado, and South Dakota — all made the top 10. West Virginia (36.1%) had the lowest P2P rate of all the states.

“Of course, this now defunct demographic explanation does not account for the fact that within the US labor force, the number of people employed aged 55 and over has just hit a record high, as it defeats the demographic explanation. So while one should ignore the rationalization, one should certainly be aware of which states skew the participation distribution on the high and low side.”

“And guess which states were by far the worst offenders when it comes underemployment:

California and Nevada have the highest percentages of their workforces not working at desired capacity. Their rates are about twice those of states at the other end of the spectrum, such as North Dakota (10.1%). Other states hard hit by the recession and declining housing market, including Florida and Arizona, rank among the states with the highest underemployment rates.”

Read more:

http://www.zerohedge.com/news/2014-02-14/us-participation-rate-35-year-low-how-it-looks-state-state

 

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25 responses to “Labor force participation rate at 35 year low, State by state, 55 and over record high, WV lowest P2P rate Washington DC highest, CA NV highest underemployment rates

  1. JOKE OF THE DAY…

    A parrot is perched in a cage in front of a pet store.
    A woman walks by and the parrot says to her:
    “Hey, lady, you’re butt ugly.”
    Enraged, she storms past the store on her way to work

    On the way home she sees the same parrot and it says the same thing.

    The next day the same parrot again says to her:
    “Hey, lady, you’re butt ugly”

    The woman storms into the store and threatens to sue to have the bird euthanized. The store manager promises he will see to it that the Parrot won’t be rude again.

    When the woman walked past the store after work the parrot called to her:
    “Hey lady.”
    She paused and said: “Yes?”
    The bird said:” Well….You know…”

    MORAL OF THE STORY:……You can teach an old bird new tricks.

  2. The beginning of a national rebellion. What say ye usurper?
    ********************

    Anti-gunners are shocked to find out that up to 350,000 Connecticut citizens are DEFYING the new “gun registration” laws in a state-wide rejection of gun control. Please SHARE.

    Like usual, the media is refusing to report one of the biggest acts of civil disobedience in decades. The people refuse to bow down — good for them.

    http://www.capitalisminstitute.org/civil-rebellion-in-connecticut/

  3. Former judge Andrew Napolitano has now joined the impeachment movement, saying that impeachment is the ONLY option for stopping Obama’s imperial presidency. Please support and SHARE.

    He’s right. We’ve said this for months, because it’s true: Obama is ignoring the law, meaning new laws are meaningless. He must be removed from office. Let’s see how many agree:

    http://www.capitalisminstitute.org/napolitano-says-impeach-obama/

  4. WATCH: Rep. Trey Gowdy Calls Nancy Pelosi ‘Mind-Numbingly Stupid’

    http://www.ijreview.com/2014/02/115239-watch-rep-trey-gowdy-call-nancy-pelosi-mind-numbingly-stupid/

  5. Bob Strauss…..
    Connecticut is ONLY the BEGINNING…..har har! The decoration of the LIVE OAKS begins later!

  6. Bob Strauss……
    If at least 350,000 from every state refuse gun confiscation,this would create a potential Army of highly incensed,and otherwise angered mass of 17,500,000, who would probably converge upon the WACKEY HOUSE and “DECOMEDYISE”, and otherwise SANITISE it.

  7. Bob Strauss……
    You only need to look into the HALF WITTED expressions on Pelosi’s face to realise that she has a really twisted mentality….if any mental function AT ALL!

  8. In his response to a recent Pennsylvania court decision on the issue, NPR reporter Richard Knox offered his implicit endorsement of killing off the elderly in a blog on the network’s website…

    http://www.westernjournalism.com/npr-gushes-prospect-euthanasia-u-s/

  9. oldsailor81 | February 14, 2014 at 7:07 pm |
    ***************************
    Blame the people that keep electing her. What are they thinking when they pull the lever for that idiot?

  10. Bob Strauss….
    It is CERTAIN at this point that ALL LIBERAL supporters of Soetoro,are prepared to GO DOWN with the ship. It is doubtful that any of them will ever change their nature…..but then “GOING DOWN” is one of the things many of them do best.

  11. oldsailor81 | February 14, 2014 at 7:03 pm |

    Bob Strauss……
    If at least 350,000 from every state refuse gun confiscation,this would create a potential Army of highly incensed,and otherwise angered mass of 17,500,000, who would probably converge upon the WACKEY HOUSE and “DECOMEDYISE”, and otherwise SANITISE it.
    *********************************************
    oldsailor81,
    The interesting part of this is, they are all abiding by the Constitution of the USA, and all have the law on their side, when or if they are ever prosecuted for not obeying an unconstitutional law that abridges their right to be armed. Then it will be up to the usurper corrupted, SCOTUS to decide.

  12. oldsailor81 | February 14, 2014 at 7:14 pm |

    Bob Strauss….
    It is CERTAIN at this point that ALL LIBERAL supporters of Soetoro,are prepared to GO DOWN with the ship. It is doubtful that any of them will ever change their nature…..but then “GOING DOWN” is one of the things many of them do best.
    ***************************
    Nobody says it better, and this may explain why she keeps getting elected.

  13. BOB STRAUSS…

    Reference Gowdy’s comment about Pelosi being “mind-numbing stupid…..

    As far as I’m concerned, that fire breather from South Carolina is absolutely correct……PELOSI IS DUMBER THAN A LEFT HANDED DOOR KNOB….

    It’s a good thing she comes from San Francisco that is full of strange California fruit…otherwise she could not be elected as dog catcher any where else.

  14. BOB…

    Again in reference to Pelosi….read my comments at 3:52 pm….she’s “butt ugly”!…and that’s not my parrot talking…that’s me !

  15. BOB…

    Come to think about it;

    It’s a real bitch to be DUMB and UGLY………she has both qualities….

  16. RMINNC…..
    The word DUMB does Pelosi justice. I would select the word STUPID, which BTW cannot be fixed…and it fits Mssssssssssss.important quite well. She is STUPID and THINKS she is SOOOOOO IMPORRRRRRTANT! Of course we must keep in mind that this is what MOST LIBERALS think. They have their Phds,and all their other degrees, which they savor and try to make everyone belie4ve that their OVEREDUCATION makes them SUPERIOR to all other people. UP is DOWN in their TWISTED minds

  17. ……yet pathetically few of them have ever lived in the REAL world,much less accomplished anything constructive in their lifetime. All they know is DESTRUCTION.

  18. Gloria Allred Logic Says: Obama is Undocumented Alien

    http://www.birtherreport.com/2014/02/gloria-allred-no-match-letter-from.html

  19. g’nite all, ………PEACE,AND LOVE MUST PREVAIL!

  20. A congressional report has concluded what we’ve been saying for over a year: Obama and Hillary are to blame for the Benghazi murders. Please SHARE.

    They cut security, ignored their cries, and had the military watch as Americans were murdered in the streets. Obama and Hillary are guilty — and that’s a fact.

    http://www.capitalisminstitute.org/congress-blames-washington-for-benghazi/

  21. Homeland Insecurity Activate ‘National License Plate Recognition Database’, a Citizen Spying Initiative

    Homeland Insecurity Activate ‘National License Plate Recognition Database’, a Citizen Spying Initiative

    http://www.infowars.com/homeland-security-to-activate-national-license-plate-recognition-database/

  22. Anyone here from Texas?

    Stockman: I Won’t Put Party Before Country

    In a recent interview with the Western Center for Journalism, Republican Texas Rep. Steve Stockman detailed a number of reasons he is running against Sen. John Cornyn in the upcoming GOP primary. In the end, however, it all seemed to come back to his unwavering love for his country.

    “This nation,” he said, “despite all of its faults … is still the greatest nation on earth.”

    Read more at http://www.westernjournalism.com/stockman-wont-put-party-country/#SP0FOxoYeVQkZB7l.99

  23. The Obama presidency remains opposed by the vast majority of Americans, on pretty much every issue under the sun. Yet the omnipotent White House resident continues to dictate anti-American policy from his ivory tower with complete immunity. How?
    An Omnipotent President and Impotent Congress
    By JB Williams
    The United States system of self-governance is supposed to be a Constitutional Representative Republic of, by and for the people of the United States, ruled by popular majority with inalienable protections of State and individual Rights…
    For the first time in U.S. history, the Federal Government now operates like a third world banana republic run by a tin-horn dictator bound by no set of laws, morals or ethics.
    The Obama presidency remains opposed by the vast majority of Americans, on pretty much every issue under the sun. Yet the omnipotent White House resident continues to dictate anti-American policy from his ivory tower with complete immunity. How?
    Congress Subverted
    The entire world, including congress, knows that Barack Hussein Obama is not a Natural Born Citizen of the United States, and that he is constitutionally prohibited from holding the office of President under Article II, an office he has occupied for five years now.
    READ MORE…

    http://giveusliberty1776.blogspot.com/2014/02/the-obama-presidency-remains-opposed-by.html

  24. Bob Strauss……..
    ……yet not one damn person anywhere on earth has the intestinal fortitude to rise up and TAKE ACTION! Not the best testimony about the status of American fortitude. It has been substituted by DRUGS,PORN,IGNORANCE OF LAW, over abundant stupidity,and a level of cowardice that has never before existed in America,coupled with people whose minds have been perverted into something close to MORONS, possessing a ONE TRACK mind, and intelligence quotients of about 20…….if that!Many of our young people possess an average of three word vocabularies,think UP means DOWN,and can’t discern RIGHT from LEFT.

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