Comments on: U.S. economy added 321,000 jobs in November; 2014 is one of best years for job growth since 1990s http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/ Sun, 07 Dec 2014 21:56:44 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: bill dawers http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/#comment-25899 Sun, 07 Dec 2014 21:56:44 +0000 http://www.billdawers.com/?p=7174#comment-25899 In reply to bill dawers.

And let me add that there seems broad agreement that Georgia’s rural schools are floundering, in part because of lack of funding. This article from 2010 is one of many that one could find on the subject: http://www.ajc.com/news/news/georgia-schools-lay-unequal-foundations-for-colleg/nS9B8/

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By: bill dawers http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/#comment-25898 Sun, 07 Dec 2014 21:42:38 +0000 http://www.billdawers.com/?p=7174#comment-25898 In reply to Roxanna Milanno.

Thanks Roxanna, I’m a little puzzled by your comment since I’m not talking about greater government spending in this post at all.

But since you bring it up, I think it seems obvious that the Savannah metro area benefits greatly from military spending, from government spending that supports the ports, from government spending on the airport, from local and federal spending on beach nourishment, etc.

Savannah is also a regional health care hub that benefits greatly from Medicare, Medicaid, and other government programs.

As many others have noted, Savannah has a more diverse economy than much of the state including some major growth areas — tourism, the ports, health care, Gulfstream, etc. Much of that growth is purely private sector, much of it is government supported.

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By: Roxanna Milanno http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/#comment-25897 Sun, 07 Dec 2014 16:57:39 +0000 http://www.billdawers.com/?p=7174#comment-25897 Interesting you want to have your liberal views of greater spending = better results explain why Savannah has lower unemployment rates than rural GA. I doubt anyone would call out Savannah as hosting an exemplary school system. GA is one of a few states that offer FREE college tuition. YET the three states that have the lowest per pupil spending have some of the lowest unemployment rates. CONVERSELY NY has 6% unemployment rates for October. FACTS: UT ranked 50th in per pupil spending – 3.6% rate. ID ranked 49th- 4.1%. OK ranked 48th -4.5%. NY ranked 1st in spending yet had a 6.0% unemployment rate. As for our health care needs – Georgia’s obesity rate is the cause of many of our health care problems. The NO cost personal responsibilty plan would help with that !

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By: bill dawers http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/#comment-25896 Sun, 07 Dec 2014 15:51:30 +0000 http://www.billdawers.com/?p=7174#comment-25896 In reply to Sim.

Hey Sim,
The labor force participation rate includes everyone 16 and over (I think that’s the cutoff) — the percentage is determined from the number of people of that age who are part of the labor force (either working or looking for work). A few decades ago, women were entering the labor force in large numbers and baby boomers were entering the labor force as they became adults. The labor force participation rate climbed steadily.

But now we are seeing baby boomers retiring (a big demographic group), and we’re seeing more young adults in college for longer periods, the number of women in the labor force might have maxed out, etc.

Some portion of the decline over the last 7 years in the labor force participation rate is certainly due to the weak economy, but much of the decline in the participation rate is due to demographics. As the large baby boom generation dies and younger cohorts represent larger percentages of the population, the rate should eventually go up again.

Among men 16 to 64, the participation rate in Nov. was 82.2%, up from 82.0% a year ago. The rate for women 16 to 64 was 70.6%, up from 70.1% a year ago.

In other words, among working age people, we’re actually seeing the labor force participation rate increase again. The commentators harping on the low rate overall either aren’t taking into account the aging of the baby boomers or are just trying to stir up trouble.

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By: Sim http://www.billdawers.com/2014/12/05/u-s-economy-added-321000-jobs-in-november-2014-is-one-of-best-years-for-job-growth-since-1990s/#comment-25894 Sat, 06 Dec 2014 00:53:53 +0000 http://www.billdawers.com/?p=7174#comment-25894 “The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.” What are these numbers?

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