NC labor force participation rate plummets 5 percent from May 2008 to November 2014, Unemployment rate same, Baby boomers retiring not cause of labor force drop, Lack of jobs causes younger people to remain or return to school

NC labor force participation rate plummets 5 percent from May 2008 to November 2014, Unemployment rate same, Baby boomers retiring not cause of labor force drop, Lack of jobs causes younger people to remain or return to school

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“The share of families with an employed member was unchanged at 80.0 percent in 2013. The likelihood of having an employed family member rose in 2013 for Asian families (to 88.8 percent) and for Hispanic families (to 85.1 percent). The likelihood for white and black families showed little or no change (80.1 percent and 75.7 percent, respectively).”…BLS report, April 25, 2014

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

 

 

Despite what you may have read from the low information mainstream media, baby boomers retiring are not the cause of the drop in the labor force in NC or US.

Do the math or read prior articles at Citizen Wells.

Lack of jobs is the problem.

From May of 2008 to November of 2014, the  labor force participation rate plummeted 5 percent in NC. The unemployment rate is the same.

From NC Spin December 20, 2014.

“North Carolina’s jobless rate fell to 5.8 percent in November, the lowest since May 2008, as the state’s economy gains force in the second half of the year.

The state’s jobless rate fell from 6.3 percent in October and has dropped from 7.4 percent one year ago, even though today’s wages have not caught up to pre-recession pay levels.

North Carolina’s unemployment rate, which has lagged the national average, matched the U.S. rate in November, but the nation as a whole dropped below 6 percent two months ahead of North Carolina.

The job market data was issued Friday by the Labor & Economic Analysis Division within the N.C. Department of Commerce.

North Carolina gained 16,400 jobs in November and 110,700 in the first 11 months of the year. The last time the state gained jobs at this rate was in 2006, when 129,500 jobs were added.”

“The state’s labor force shrunk 0.2 percent in November, losing 13,534 people. Over the past year, the labor force has shrunk 0.7 percent, for a reduction of 31,665 people.

A shrinking labor force will drive down the unemployment rate because fewer people are looking for work.

N.C. State University economist Michael Walden said the labor force shrinkage is a national issue caused by a trifecta of factors. Baby boomers are retiring. Students are staying in college longer before entering the workforce.”

“Additionally, private sector earnings and household income in the state, adjusted for inflation, are down since 2008.

“People are poorer today than they were on average before the recession,” Walden said.”

Read more:

http://www.ncspin.com/nc-unemployment-rate-at-5-8-lowest-since-may-2008/

I hope that N.C. State University economist Michael Walden was misquoted about baby boomers.

 

 

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44 responses to “NC labor force participation rate plummets 5 percent from May 2008 to November 2014, Unemployment rate same, Baby boomers retiring not cause of labor force drop, Lack of jobs causes younger people to remain or return to school

  1. “One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

  2. “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

  3. THIS IS WHAT CHRISTMAS IS ABOUT…….

    Merry Christmas to all my friends here at Citizenwells…I will be off the net for about seven days…going north to Wisconsin to visit my wife’s family

    I wish everyone here a safe and happy Christmas and please don’t forget exactly what this holiday is all about. It’s about the salvation of this planet….

  4. Safe travel RMinNC.
    I am certain your departure will lower the average IQ in NC & raise it in WI.

  5. Well we now see Obama the organizer and his ilk, sieu thugs, occupy protesters, louis farakhan, the race baiter, al sharpton and rev wright reaping what they have sown. They continue to wash their hands in blood. Now they all feign mocked outrage in the assassinations of police officers after years of perpetuating anti-police force propaganda.

    How long do you think anyone of them would last without their paid security forces protecting them and their family. Could you imagine a nationwide police force sick-in? or perhaps the secret service going on strike?

    This country needs real leadership from the CIC down to local mayors. We are one people, one nation…if we don’t stop this race baiting divisiveness then we are doomed to fail.
    God Bless those that protect us.

  6. sorry…should have been “seiu”

  7. RMinNC | December 21, 2014 at 8:57 am |

    Merry Christmas, RM, and safe journey up north.

    Don’t forget to bring your snuggies to WI; it’s a little chillier up there than it is in NC.

  8. Troubling news,

    Sunday on Fox News Channel’s “Media Buzz,” investigative journalist Sharyl Attkisson said the CDC is not putting out the current information on how many potential cases of Ebola they are currently tracking in the Untied States.

    Attkisson said, “I called CDC not long ago and I said how many cases are being monitored in the United States and they said 1,400. I said, ‘Where are these updates on your website? ‘ They said they’re not putting it on the web.

    Read more at breitbart.com

  9. Thanks everyone for well wishes in my travels up north……I plan on leaving around 5am tomorrow and drive to Champaign Ill for the night then on into Waukeesha the next morning….that’s a little town about 20 minutes west of Milwaulkee ……

    CW… I’m not so sure about the IQ of NC dropping because of my travels…..there’s still an awful; lot of smart cookies in NC…….thanks for the compliment anyway…

    SUEK….my warn snuggies were the first thing I packed…….and a very merry Christmas to you too !!! I will be back in NC for News year…I sure don’t want to get caught on the road during that period with all the people celebrating New years……

    I will post as soon as I get beck to let everyone know I made it safely……

    Signing off now, and God Bless all here at Citizenwells at Xmas time……..I hope it’s as special time for you as it is for me.

  10. Common Core: Leftist and Islamic indoctrination

    by LAWRENCE SELLIN, PHD December 20, 2014

    The fundamental transformation of the United States is a euphemism for destroying American values and traditions fostered by an unholy alliance of America’s radical left and militant Islam, in essence, to take down the country from within.

    This totalitarian marriage of convenience is distinguished by the traits they share – their hatred of Western civilization and a belief that the United States is the embodiment of evil on earth. While Islamic radicals seek to purge the world of heresies and of the infidels who practice them, leftist radicals seek to purge society of the vices allegedly spawned by capitalism — those being racism, sexism, imperialism, and greed.

    Central to the success of the America-haters is “submission,” either to the state or sharia, and a rejection of the belief that individuals “are endowed by their Creator with certain unalienable Rights.”
    That is, the core of Western Judeo-Christian ideology maintains that the individual, through the exercise of his or her reason, can discern the Divine Will and seek “Life, Liberty and the pursuit of Happiness” unmediated by commissars and mullahs.

    In response, America’s domestic enemies promulgate notions that attack the basis of Western Judeo-Christian civilization, which emphasizes the uniqueness and sacredness of the individual. They also promote policies that weaken the ability to transmit to the next generation the values and traditions upon which the United States was built.

    READ MORE…

    http://www.familysecuritymatters.org/publications/detail/common-core-leftist-and-islamic-indoctrination?f=must_reads#ixzz3MYZ3EnP8

  11. Captive orangutan has human right to freedom, Argentine court rules

    “This opens the way not only for other Great Apes, but also for other sentient beings which are unfairly and arbitrarily deprived of their liberty in zoos, circuses, water parks and scientific laboratories,” the daily La Nacion newspaper quoted AFADA lawyer Paul Buompadre as saying.
    https://ca.news.yahoo.com/captive-orangutan-human-freedom-argentine-court-rules-203651528.html

    Anyone want to take bets on how long before a progressive judge cites this case in a US court?

  12. CW……..
    Good afternoon……..Have a great Christmas,and a similar New Year.

  13. Bob Strauss……..
    I hope that you have a great Christmas,and a similar New year.
    I look forward to your always informative comments. CHEERS!

  14. RMINNC…….
    Good morning sir.
    Hope you enjoy your upcoming visit with the folks in Wisconsin.!
    Have a great Christmas, and a similar New Year. I salute you sir.

  15. AND NOW……..
    ……Fox and FRIENDS have a CHILD on the show this morning who told the school board that COMMON CORE …..”STINKS”. My guess is she was probably EXPELLED very soon after her remark, or she will be FAILED, by the teacher.

  16. AND NOW…….
    …….another policeman murdered………this time in Florida. Those who perpetrate these crimes are the SICKEST, MOST TWISTED,MORONIC, AND COWARDLY SORT OF human trash on Earth. They clearly demonstrate their TRUE COLOR………..YELLOW.!

  17. Honor First……
    Have a Great Christmas,and a similar New Year! Thoroughly enjoy reading your comments!

  18. Tina……..
    Have a great Christmas,and a Happy New Year!

  19. oldsailor82 | December 22, 2014 at 11:58 am |

    DITTO and DITTO

  20. Ginger……..
    Have a great Christmas and a Happy New Year…….please tell your grandson that I wish him well also.

  21. hapnhal……..
    Have a great Christmas,and a Happy New Year.

  22. (Alleged) Rev. Al Sharpton,and FRIENDS,…….
    May Christmastime be as UNPLEASANT for you as it will be for the families that the law officers who were gunned down,in New York,and again the next day in Florida.While I realise that you did NOT SQUEEZE THE TRIGGER, you might as well have…..you certainly SPEWED THE POISON which SPAWNED the murders……I PRAY that soon GOD will drop the other foot squarely upon your head……….you certainly are deservant of his reward for your TWISTED behavior. once again I wish you an EXTREMELY UNPLEASANT CHRISTMAS!

  23. ………and a SIMILAR NEW YEAR…….enjoy your slimey,stinking, stew.

  24. For the POLICE OFFICERS who were senselessly murdered I offer the following………………………………………..

    The Lord’s Prayer
    Our father which art in Heaven,hallowed be thy name, thy Kingdom come thy will be done on Earth as it is in Heaven. Give us this day our daily bread and forgive us our debts as we forgive our debtors……And lead us not into temptation,but deliver us from evil, for thine is the kingdom, and the power ,and the Glory forever………..Amen…….Mathew 6:9-13–KJV

    My heart CRIES for the families of these fine officers. I know that the BASTARDS who murdered them will be in HELL for eternity,and will suffer immeasurably for eternity.

  25. To anyone I might have missed please forgive me,…….I wish everyone a very Merry Christmas, and Happy New Year.

  26. oldsailor82 @12:18p.m.

    DITTO!!

  27. This is for all of the wonderful bloggers here …and for Mr. Well’s wonderful site and giving us a chance to vent.

    Merry Merry Christmas every one….I am feeling good because I got an 5 hour visit with my grand son yesterday and was able to hug him twice and give him a kiss on the cheek. The treatment center that my grand son is the most positive thing that has happened for my grandson and our family. The corrections people are helpful, positive, and respectful to us as family visitors. He passed his test with a 90% as how they are to follow rules. Now he gets longer time outside, can watch tv (that grandma bought him through corrections) hahaha And yes he gets to smoke! Oh, Well. He seems at peace and that will help us and him to get past his treatment and home after two years.
    I Love this song.

    God Bless America
    God Bless our TROOPS and my other grandson that is is harms way right now. 😦

  28. oldsailor82

    I missed your post to me….Thank you so much …

    Merry Christmas to you ….Sir You have a special place in my heart for all the advice and understanding you gave to me in my time of need.
    And for all the others here that responded to my cries for help! Thank You!

  29. HA!
    North Korea goes completely offline:
    http://www.cnbc.com/id/102289459

  30. Judge takes dim view of Arpaio lawsuit over Obama amnesty
    Sheriff Joe Arpaio’s challenge to President Obama’s new amnesty ran into trouble Monday as a federal judge took a dim view of his challenge, questioning whether she should get involved in a “legislative-executive branch squabble.”

    Read more: http://www.washingtontimes.com/news/2014/dec/22/judge-takes-dim-view-arpaio-lawsuit-obama-amnesty/#ixzz3MfHFfrIv

  31. Thanks concerned1.
    Once again…Marbury vs Madison.

  32. Interested Bystander

    Hey All,

    Merry Christmas to all here at the CW blog.

    Why did Zach quit saying good morning to everyone et al?

    Where’s William been?

    Can anyone help with these questions?

  33. IB………
    Hope all is well at Indy. So far nobody has threatened to kill cops,or blow up. congregations. Of course a city must have a certain importance to have such tyrants running loose. Hell Fort Wayne is becoming LESS IMPORTANT as each day passes. Our so called International Airport has one flight INBOUND and the same flight outbound,1 hour later. This is a commuter flight (inter city). At that rate the runway surfaces should NEVER need to be resurfaced. Hell our Air Guard make more takeoffs, and landings in a month,than do any commercial flights in 6 months. Just about everytime we pass the airport,only the birds are practicing landings on top of the CONTROL tower. Our STUFFED SHIRTS at CITY HALL, just can’t get it through their NUMB SKULLS that there isn’t enough traffic at the airport to even support it. The airport operates in the RED most of the year.They try to make everybody(TAXPAYERS) think that the airport does a whopping business every month. You only need to look at the GIANT subsidy the airport gets each year …..right out of taxpayer’s pockets.Biggest pack of phonies on earth.Of course that is par for the course insofar as our LIBERAL CITY ADMINISTRATION is concerned.
    I too have wondered what has become of William, and Zach. Sadly damn little seems to change here on CW. Perhaps they got tired of repeating themselves over and over. I am beginning to lean in the same direction as you with respect to Arpaio and his gang. It sounds as though he isn’t going to get vaery far with the SNOTNOSED LIBERAL FEMALE JUDGE. Her boss is Barry Soetoro! I believe that she will choose to GO DOWN WITH THE SHIP INSTEAD OF uphold the Constitution.

  34. FROM THE INTERNET…In this environment of anarchy brought to you by an unfettered militant progressive ideology of hatred, union thuggery, lies and corruption, it is the Democratic Party which is directly responsible!
    The progressive media puts forth vicious propaganda; and completely
    fabricated events to advance the Democrat narrative of execrable alienation. Key Democrat operatives in the Senate of the United States release deceitful and spurious calumny about this nation and its defenders. Pernicious conspiracies to thwart the nation’s constitution and laws run rampant through the executive branch. Our laws are willfully ignored and twisted to avoid enforcement. Police are murdered in the streets. The Democratic Party is the party of slavery. The party of abortion. The party of economic ruin. The party modern racism. The party of academic fascism. The party of gruberism. The party of a failed and destructive foreign policy. The party of lies. And, the party of staggering cowardice.

    All real Americans are outraged. The tools, toadies and trolls of the Democratic Party have their work cut out for them today. They must try to deflect, misdirect, taunt and deceive in order to salvage their narrative of antagonism. They are despicable quislings of the leftist agenda.

    http://giveusliberty1776.blogspot.com/2014/12/from-internetin-this-environment-of.html

  35. Judge hears plan to stop Obama amnesty cold

    A federal judge in Washington listened to arguments Monday in a case that could stop President Obama’s amnesty plan cold, but a decision isn’t expected for days, possibly even several weeks.

    U.S. District Judge Beryl Howell heard a request from attorney Larry Klayman of FreedomWatch on behalf of his client, Maricopa County, Arizona, Sheriff Joe Arpaio, to immediately stop the implementation of the executive action Obama announced Nov. 20, which effectively grants amnesty to an estimated 5 million illegal aliens.

    Klayman said he was pleased the judge held an expedited preliminary injunction hearing.

    “This was important because as we speak, millions of illegal aliens are in the process of being granted amnesty,” he said. “As presented to the court, a large number of these illegal aliens will be back onto the streets of Maricopa County and the nation as a whole. Many of these illegals are repeat criminal offenders. This puts a great strain on the resources of Sheriff Arpaio’s office and endangers the people of Maricopa County.”

    Klayman said, win or lose, the case likely will go to the Supreme Court, which “will be the final arbiter of whether the president’s actions are constitutional or not.”

    Read more at http://www.wnd.com/2014/12/judge-hears-plan-to-stop-obama-amnesty-cold/#sRuMexiUR3fTouVT.99

  36. Bob Strauss……..

    It would seem to me that the national debt which is now over 18 trillion would be enough injury to ALL Americans to have more than enough STANDING. The STANDING bullshi# has only come about since the LIBERAL WORDTWISTERS have been allowed to RE WORD OUR LAWS so that UP is DOWN. The judges are ALL now CORRUPTED. They believe that their ship is impervious to any torpedos that the conservatives might launch……they have forgotten about one torpedo that WILL hit it’s mark,and only one such torpedo is necessary to take the entire bottom out of their ROTTING ship.It is called a GARROTE and hundreds of them will probably be placed by an ARMY of highly incensed Americans……….(the 4th branch of GOVERNMENT,) which will follow the Declaration of Independence,after a 50 state cecession from the union. As the document states there is but one effective way of ridding America of a tyrranous government. The Declaration of Independence tells Americans exactly what must be done. I didn’t write the Declaration of Independence, but I have read it. If people who have simply read the document are to become criminals then it is likely that millions of Americans are going to be arrested, but it is probable that they will use whatever weaponry they can find.” THE FLAG OF THE PEOPLE WILL ONCE AGAIN SAY “DON’T TREAD ON ME”. The “GUIDEON” of the marching ARMY will be carrying the flag. When the WAR BEGINS there will NO LONGER BE ANY ENFORCEABLE LAWS, including so called MARTIAL LAW. It will be totally ignored,and the restoration of America will probably begin at our Courthouses. That is just my own view of what might occur…….but there is also the possibility that our so called Americans will just whine a little and roll over in complete submission with their tail tucked between their legs,………..soon thereafter their mass deaths will begin………..at which point they will realise what they have done…..but far too late!

  37. Merry Christmas and a Happy New Year to all of the posters and followers of Citizen Wells. May God bless you and shelter you. May the arms of the angels enfold you with peace. Thank you for your patriotism.

  38. concerned1 | December 22, 2014 at 8:05 pm |

    Concerned1, Howell is an Obola appointee; I don’t think that Sheriff Joe and Larry Klayman have a chance with this one. I’m thinking that this was the reason for the expedited hearing…she’s gonna shoot him down with the old ‘no standing’ ruling for the umpteenth time.

    I hope that Larry has his appeals templates ready to go…

  39. Rudy is not very complimentary, of the usurper.

    Rudy Giuliani on murder of two NYPD officers

    Read more: Family Security Matters http://www.familysecuritymatters.org/#ixzz3MgauG8lg
    Under Creative Commons License: Attribution

  40. Herman Cain

    You won’t believe how low Obama’s approval rating has fallen among those in uniform. ….Scratch that. You probably will.

    U.S. Military support for the President sinks to all-time low.
    And you thought he was unpopular with the general citizenry.

    http://www.caintv.com/u.s.military-support-for-the-p

  41. UNLIKE OBAMA, I’VE MET THE CUBAN PEOPLE
    GrassTopsUSA Exclusive Commentary
    By Don Feder
    (quote)
    When I was in Cuba as a journalist in 1997, the plea I heard most often from ordinary Cubans was, “Tell the American people what it’s like here.” In a word – grim. Fidel and his baby brother have been torturing the Cuban people for more than 50 years.
    Read much more:
    http://www.grasstopsusa.com/df122214.html

  42. oldsailor82 and All

    Message from Medjugorje (Mirjana’s apparition from Mary)

    “Little children, be aware that your life is short and passing.
    Therefore, yearn for eternity and keep preparing your hearts in prayer.”

    Merry Christmas and Happy New Year to All

  43. Pingback: NC Governor Pat McCrory speech on employment misleading, Big unemployment rate lie, Greensboro News Record article, Record numbers leave labor force, Percent of population working plummets, Immigrants get NC jobs | Citizen WElls

  44. Pingback: NC January unemployment rate 5.4 percent LOL, May 2008 comparison showed over 5 percent plummet in participation rate, Jan data not available yet, LAUS data being rectified, BLS 2015 redesign | Citizen WElls

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