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links for 2011-09-07

  • Quote:"America’s 14 million unemployed aren’t competing just with each other. They must also contend with 8.8 million other people not counted as unemployed — part-timers who want full-time work.

    When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring.

    And the unemployed will face another source of competition once the economy improves: Roughly 2.6 million people who aren’t counted as unemployed because they’ve stopped looking for work. Once they start looking again, they’ll be classified as unemployed. And the unemployment rate could rise.

    Intensified competition for jobs means unemployment could exceed its historic norm of 5 percent to 6 percent for several more years.

    // "several years"? What are they smoking. By my math, it will take the economy adding 320,000 jobs a month for 6 years to absorb the losses of the recession and cover new entrants.

  • Quote:"If you have a permit, it’s perfectly legal to walk into a McDonalds in Connecticut while plainly carrying a firearm. As Gideon notes, the problem is that too many cops in Conn simply don’t know the law. Lawlor’s solution isn’t to educate them, but to come up with creative (and baseless) applications of other laws that allow cops to continue to violate the rights of Connecticut citizens who exercise their right to carry. Gideon’s analogy to the camera issue is spot-on. Because exercising this particular right tends to upset police officers, and because police officers aren’t aware of the law, the state officials in charge of law enforcement have chosen to simply not give a damn about protecting this particular right. If a citizen exercising his rights combined with a cops’ ignorance of the law results in a “breach of the peace,” Lawlor’s conclusion is that the proper thing to do is charge you for breaching the peace." Note to (future permit holding) self: never openly carry.
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2 Responses

  1. 2 issues…

    For your last few posts, your current post replicates itself as all the entries all the way down the page.

    What is the current natural inflow/outflow of jobs? By that I mean, how many ‘new’ potential employees enter the market each year/month (graduated school, immigrated, whatever) vs. current employees exiting the workforce (retirement, death, whatever). Baby Boomers are in the 56-66 range, thus a huge population is entering the private sector retirement age, and a huge population is in the prime government retirement ages.

    The generation that is 15-25 now, are there as many of them entering the market as there are Boomers exiting it?

    • Really wish you hadn’t left a comment on a post I’m gonna delete…

      There’s not much I can do about the constant posting, I’ve sent a few service requests to Delicious,com, but have heard nothing back. I changed my wordpress password, deleted the import feature, and about everything else I could think of to make it stop. My next two options are to delete my delicious account and/or this blog.

      Raw numbers on the workforce numbers: Between July of 2000 and July of 2009, the US had a population increase of just under 25 million people. Which is an average (and the graph is linear) of 2.5 million a year, and this is about 200,000 people a month.

      Yes, the population is aging and the largest generation of living Americans, the boomers, are entering retirement age. Unfortunately, many boomers are simply not retiring (thanks in part to what the recent recession has done to their portfolios).

      I can’t give you a good estimate of exactly how many are entering the workforce versus exiting, but the 120,000 to 140,000 number is the most often cited that I see in business articles. I’m sure it’s based on some obscure government figure I can’t find, which may or may not be right.

      Add in immigration and a net positive fertility rate (2.01), the 120,000 to 140,000 number makes sense.

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