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Preview: YELLOW LIGHT: Comment by author Nicholas Eberstadt, Men Without Work, that the low labor participation rate may reflect new groups moving out of jobs, such as the Boomers and a "yellow light" on women of working age withdrawing. 1941 Jobless
Paul Nolte, Senior VP at Kingsview Wealth Management, joins Bob Sirott to talk about the correlation between good economic numbers and rate hikes, wage growth progress, and what the labor participation rate is. He also shares details about the changes in consumer activity and what we could see next from the Fed.
Gross Domestic Product (GDP) - measures the size of the economy, the total value of all the goods and services sold that year. Unemployment Rate - the percentage of unemployed of the total employed. One of the challenges of using this exclusively it only caputers the unemployed receiving benefits. If they find a job and fall off of benefits, their numbers are not part of the unemplyment metric. Use the Labor Participation Rate as a gauge of unemployment. Balance of Trade - the difference between the total number of goods and services exported to imported. If your country is a net importer like the United States, then you are looking at comparisons over time. Another way of looking at it the flow money into an economy vs. the amount money leaving.
Nationally, the unemployment rate is 3.6%. That’s healthy. That’s pre-Covid healthy. Then why does the economy feel so different now than it did then? © 2022 KFTK (Audacy). All rights reserved. | iStock / Getty Images Plus
Topics: 1) By 54-46%, voters say Biden is responsible for the Division in the country *Voters feel Biden and his Party are the following: a) Horribly Incompetent b) Deeply Divisive c) Controlled by the Radical Left 2) Voters care about the following: Inflation, Covid, Crime, Illegal Immigration, Drugs, Indoctrination in Schools 3) Federal Reserve Chairman Powell acknowledges Inflation is stickier than expected and the need to taper bond Purchases may need to accelerate *Record High Asset Prices, Unemployment at 4.6% but the Labor Participation Rate is unchanged while 9-10M jobs remain open **The risk of Inflation being persistent has risen 4) Federal Judge strikes down Vaccine mandate for healthcare workers 5) Judge reinstates Remain-in-Mexico Policy - Biden and Mayorkis appeal the decision - STUPID and INCOMPETENT 6) Swollett case - Lawyer tries to rewrite history claiming he is the victim after he did the hoax
Surging prices, a labor shortage, and a broken supply chain are making Americans uneasy. Today's Stocks & Topics: QS – Quantum Scape Corp. Cl A, WU - Western Union Co., Creating a Trust, RRD - R.R. Donnelley & Sons Co., NNDM - Nano Dimension Ltd. ADR, GUSH - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares, HBI - Hanesbrands Inc., FRHC - Freedom Holding Corp., Retail Sales, Labor Participation Rate. TRIVIA QUESTION: "With the worker shortage having an impact, can you name several of the large American companies that are already paying-- or have agreed to pay-- employees $15 per hour?"Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Another high-level episode with Jeremy Roll. In this episode, we jump straight into the hot topic. This time Jeremy predicts the implications of this new IRA government proposal. He shares a deep insight into the economy, touching topics on the heavy tax code in California and the two sides of the post-covid Labor coin. Finally, he closes out with some solid ATM investment advice. You won't want to miss this episode full of great wisdom from Jeremy.Quality information and quality guests, this is what the show is all about. Watch the episode now! HIGHLIGHTS OF THE EPISODE 00:57 – Proposal to prohibit Self-directed IRAs 02:16 – This only helps the big banks 04:44 – A rock and a hard place 05:25 – The government is printing too much money 06:00 – Terrible consequences and how likely is it to pass? 08:48 – A dog and pony negotiation tactic 11:01 – Section 1202 IRS Tax Code 13:11 – The costs of heavy California tax 18:40 – Dilemma of the work-from-home pendulum 21:22 – Corporate powers dictate labor demand 23:44 – Labor Participation Rate is very low 24:45 – Jeremy’s ATM investment advice We hope this was as educational to you as it was to us. We hope to invite Ryan again and other experts in economics, business strategy, and real estate. Stay tuned for more episodes! Join us and learn more at our website. www.tempofunding.com. CONNECTING WITH THE GUEST LinkedIn
The Difference Between the Unemployment Rate and the Labor Participation Rate
The labor force participation rate is down. There are jobs out there, but people aren't taking them, says Norm Champ. He thinks when the stimulus benefits end this summer, people will come back to the work force. He is thinking that we may need to do something about inflation. Norm is still very bullish on U.S. capital markets.
Hosts Mark Lawrence and Ben Reichley host Financial Friday, with guests Robert Garrett, President and CEO, Greater Susquehanna Valley Chamber of Commerce, and Art Thomas, Chairman GSVCC, President Meck-Tech and Diversified Construction Inc., with reaction to the latest US and PA jobless numbers and updates on the local labor market. We examined the many impacts and reasons for the critical worker shortage. We discussed the Unemployment Compensation issue, retirements, labor participation rates, jobless numbers, school/COVID issues, work from home opportunities, and other related reasons.
Bible and Business' Bill English talks about the falling US labor participation rate, especially among women. Plus, he talks about how some Amazon workers are looking to unionize. Proverbs 31 Ministries' Sharon Jaynes talks about her latest book "When You Don't Like Your Story."
Bible and Business' Bill English talks about the falling US labor participation rate, especially among women. Plus, he talks about how some Amazon workers are looking to unionize. Proverbs 31 Ministries' Sharon Jaynes talks about her latest book "When You Don't Like Your Story."
Jason Hartman asks you, “what will life be like in 2021?” As well, Jason offers an update on a couple of Florida markets. This all before his introduction to an episode from just over one year ago. Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means. Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges. Key Takeaways: [1:25] What is life going to be like this coming year (2021)? [3:30] In person update from St. Augustine, Florida Short-Term Rental Market. [4:15] Update on Jacksonville, Florida market as well. [6:00] Alabama new construction: jasonhartman.com/sweethome Blast From The Past Episode Originally Aired December 17, 2019 [11:06] Jason's newest ratio [13:52] Unemployment Rate vs Labor Participation Rate [18:32] The discouraged worker skews unemployment stats [20:02] A property profile in Mobile, AL [23:56] Blue collar wages are enticing people away from 4 year colleges [29:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties Websites: jasonhartman.com/sweethome jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means. Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges. Key Takeaways: [5:06] Jason's newest ratio [8:52] Unemployment Rate vs Labor Participation Rate [13:32] The discouraged worker skews unemployment stats [15:02] A property profile in Mobile, AL [18:56] Blue collar wages are enticing people away from 4 year colleges [24:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties Website: www.JasonHartman.com/Properties The Unemployment Rate and the Labor Force Participation Rate Compared in One Minute Is the Unemployment Rate Lying to You?
Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means. Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges. Key Takeaways: [5:06] Jason's newest ratio [8:52] Unemployment Rate vs Labor Participation Rate [13:32] The discouraged worker skews unemployment stats [15:02] A property profile in Mobile, AL [18:56] Blue collar wages are enticing people away from 4 year colleges [24:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties Website: www.JasonHartman.com/Properties The Unemployment Rate and the Labor Force Participation Rate Compared in One Minute Is the Unemployment Rate Lying to You?
Interview with bestselling author August Turak*** Templeton Prize winning essay, now released as an illustrated book teaches us the redemptive power of an authentically purposeful life Brother John: A Monk, a Pilgrim, and the Purpose of Life Brother John Cover.png August Turak, author of the new book Brother John: A Monk, A Pilgrim and the Purpose of Life is available for interview. This is a story of the redemptive power of an authentically purposeful life. Turak's message comes at a critical time for us in America; a time when our nation seems to be experiencing a cultural crisis of meaning and purpose, a nation that seems to be searching hopelessly for a cure. The World Health Organization (WHO) recently made depression the number one health issue in the Western World. Suicides rates are spiking and mass shootings are becoming more common. Despite historically low unemployment rates, the Labor Participation Rate is at an all-time low as more and more people simply drop out of the work force. All of these are symptomatic of the spiritual crisis afflicting America that is most easily described as a lack of higher meaning and purpose. New York Magazine recently published a powerful article on the opioid epidemic in America titled "The Poison We Pick." In the article, writer Andrew Sullivan says, "To see this epidemic as simply a pharmaceutical or chemically addictive problem is to miss something: the despair that currently makes so many want to fly away. Opioids are just one of the ways Americans are trying to cope with an inhuman new world where everything is flat, where communication is virtual, and where those core elements of human happiness — faith, family, community — seem to elude so many. Until we resolve these deeper social, cultural, and psychological problems, until we discover a new meaning or re-imagine our old religion or reinvent our way of life, the poppy will flourish.” It is these core elements of human happiness — faith, family, community that August Turak and the story of Brother John addresses. It's the true story of an encounter between the author, going through a midlife crisis, and an umbrella wielding Trappist monk that asks us to reconsider the meaning and purpose of life. August Turak is now available for interview. To receive a review copy of Brother John or to schedule an interview, please contact me at the number/email below. All the best, Heather Contact: Heather Huzovic, 516.412.4686 or heather.huzovic@gmail.com Wi
"The normal American did not graduate from college and doesn't have an associate's degree. He or she perhaps attended college for one year or graduated from high school. She or he has a net worth of approximately $36,000, about $6,000 excluding home and vehicle equity and lives paycheck to paycheck. She or he has less than $500 in flexible savings and minimal assets invested in the stock market. These are median statistics with 50% of Americans below these levels” In this episode of Made You Think, Neil and Nat discuss The War On Normal People By Andrew Yang. This book is a balanced and optimistic view on Universal Basic Income, the economic impact of the automation of jobs and our options for the future. "half of American households already rely on the government for direct income in some form." We cover a wide range of topics, including: Universal Basic Income and Government benefits Statistics on unemployment, labor and the changing workforce Technology, automation and robot dog walkers Centralization of certain jobs in certain cities Remote work, freelancers, the gig economy Taxes, Cryptocurrencies & Video Games Tangents on Fortnite, Rolex and ad revenue in sports And much more. Please enjoy, and be sure to grab a copy of The War On Normal People By Andrew Yang. You can also listen on Google Play Music, SoundCloud, YouTube, or in any other podcasting app by searching “Made You Think.” If you enjoyed this episode, be sure to check out our episode on Sovereign Individual for opposing views. Along with our episode on The Elephant In The Brain for more on human nature and the desire for success. Be sure to join our mailing list to find out about what books are coming up, giveaways we're running, special events, and more. Links from the Episode Mentioned in the show Waking Up Podcast [01:08] Universal Basic Income [02:48] Mass Shooters [04:43] Social Revolution [04:46] Median Statistics [05:33] Labor Participation Rate [06:22] Manufacturing States [12:33] Detroit Riots [13:11] W-2 [13:43] Retraining Programs [15:12] Technology Industrial Wave [15:43] Amazon Warehouses [17:17] Walmart [17:25] Paralegals [19:33] The Sims [23:02] Hive Mind [23:27] UpWork [32:56] Slack [36:40] Esports [37:00] Twitch [37:09] Extremistan [37:12] Mediocristan [37:14] Gig Economy [40:44] Rover [40:52] Wag [40:52] Twilight Zone [42:10] Flywheel effect [45:35] Lincoln University [47:24] Biggest question Nat had have from reading @AndrewYangVFA's UBI book (on Twitter) [55:00] Unlimited Brewing [55:55] The world’s top economy: the US vs China in five charts [57:50] Cryptocurrencies [01:05:50] (Crypto episode) TransferWise [01:09:05] Blockchain [01:09:26] Winner-takes-all effect [01:09:54] Patreon Bonus Material [01:12:19] Fortnite [01:17:46] Call of Duty [01:18:03] Mad Max [01:21:11] ISIS [01:21:17] Social Credits [01:22:48] Million Dollar Bill [01:22:48] Vietnamese Dong [01:23:51] Trump’s Tax Plan [01:27:20] Totalitarianism Article [1:31:45] Yang2020.com [01:31:58] The New Deal [1:32:38] The Great Depression [01:33:40] Obamacare [01:35:22] Selection Bias [01:39:03] Books mentioned The War On Normal People by Andrew Yang Sovereign Individual by James Dale Davidson [03:17] (Nat’s notes) (book episode) Dreams From My Father by Barack Obama [01:12:47] Sapiens by Yuval Harari [01:18:47] (Nat’s Notes) (part 1) (part 2) Homo Deus by Yuval Harari [01:18:48] (Nat’s Notes) (book episode) Skin in the Game by Nassim Taleb [01:31:47] (Nat’s Notes) (Neil’s Notes) (book episode) Elephant in the Brain by Kevin Simler and Robin Hanson [01:38:43] (book episode) People mentioned Andrew Yang Sam Harris [01:00] Winston Churchill [04:25] Nassim Nicholas Taleb [37:06] (Antifragile episode) (Skin in the Game episode) Donald Trump [01:03:10] Barack Obama [01:12:12] Youval Harari [01:19:04] Robin Hanson [01:38:05] Show Topics 01:42 – The book feels optimistic and fairly balanced and offers Universal Basic Income as a good solution to our current situation. Andrew sets the stage well with the magnitude of the problem. 03:04 – We have both come from a place of not thinking UBI was a good solution and our views have been changed several times on this, since reading Sovereign Individual and now this. 04:19 – It feels like this could the best of the option that we currently have if we want to maintain this current system and avoid social revolution. 05:10 – Yang starts the book off by emphasizing the scale of the problem using median statistics or labor participation rate, unemployment rate and number of disability claimants. 06:30 – There is a massive number of people who are working age but are no longer looking for work. This is not evident when viewing the unemployment rate as they are discounted. However the labor participation rate is 63% which is lower that all other industrialized economies. 06:58 – One in three people have left the job market entirely. They have self-selected to no longer participate in the search for work and are not counted as unemployed. 08:09 – "half of American households already rely on the government for direct income in some form.". The majority of these are on disability for muscular tissue issues, mood disorders, anxiety or depression. 09:09 – There is a whole industry of lawyers who help people get onto disability who then take a cut of the back dated payments. 10:26 – Similarities between the level of disability payments and the proposition of UBI. However with disability payments, you are dis-incentivized from trying to find work as payments would stop. This causes a large number of people to stay on disability for longer and find untraceable ways of earning additional income. 11:10 – Yang says that 94% of all jobs created within the last 10 years were temporary contractor jobs with no benefits. People are not going to risk their $12,000 disability payment for a job at $7 per hour. 11:35 – Disability has less than 1% churn rate, very few people get off it. It’s like the anti-SaaS startup. 11:59 – Increases in disability payments correlate to the areas with the biggest job losses. Highest in the old manufacturing states. Does the government recognize that these payments are just another type of welfare for those that have lost their jobs? 12:31 – In Michigan of the 310,000 who left the workforce between 2003 and 2013 half went on to take disability payments. They don’t have any other options available. 13:29 – The Government doesn’t seem to actively fight benefit fraud with more people joining but few leaving. Missing of checks to see who is health is improving enough to move back into work. 14:29 – Inefficiencies of job retraining programs and the lack of transferable skills between old industries losing jobs and new (mostly technical) industries with jobs available. "The test is not 'Will there be new jobs we haven't predicted yet that appear?' Of course there will be. The real test is 'Will there be millions of new jobs for middle-aged people with low skills and levels of education near the places they currently reside'. And the answer to that seems almost certainly no." 15:44 – In previous industrial waves people have been able to adapt due to similarities of skill. Automation is now removing low skilled jobs entirely. Automation in car factories, Amazon warehouses. 18:30 – Automation isn’t solely for low skilled, Blue Collar jobs. Anything repetitive and routine can be automated. This will impact White Collar workers too. “Routine jobs of all stripes are those most under threat from AI and Automation and in time more categories of jobs will be affected.” 19:21 – Automation in law, research and reduction in personnel. Repetition as a tool for learning. Loss of high-level expertise as no-one has the foundational knowledge that comes from early repetition. 20:42 – Tangent. A Science Fiction story to make you think! In a distant future, expertise on computers has been lost and no one knows how to resolve a computer bug. A future where humans are reliant on computers to retain the knowledge for them. 22:42 – Computers no longer needing humans. The Sims, the hive mind of the Internet. Memes, Russian hackers, and Wikipedia created by AI destroying humanity. 25:19 – Assumptions of UBI imply an increase of entrepreneurship. What happens when you pay people to not work? Current level of cash wealth for the average American is $500. The expense of Healthcare means that one ER visit can put people into long term financial difficulty. Defaulted medical bills are then just another form of welfare. 27:50 – Median salary in the US is $31,000. Cost of living in New York and San Francisco. Impact cost of living has on average job wages. Manhattan vs Brooklyn. 32:14 – The author criticizes the idea that those that lose their job can just start working remotely. Those in the US can’t compete due to cost of living with locations like the Philippines and Sri Lanka. Tech skills required are also a barrier to entry. 36:10 – Professional eSports players and the popularity of Twitch and the platform reinforcing the popular streamers causes them to be more popular. Extremistan vs Mediocristan. 39:11 – Lack of service jobs, the rise of the gig economy, dog walking apps. Robot dogs and cyborg owners. 42:39 – Hyper-concentration of money and talent in 6 cities: Boston, Chicago, Los Angeles, New York and Washington DC. Reinforcing loop effect. Venture Capital money and secondary cities that are on the rise. The effects of anchor companies in smaller cities. 50:01 – Potential to see an exodus of people moving away from high cost of living areas due to remote work. The increase of remote working technologies which helps team collaboration. 52:32 – Geography is destiny. Jobs disappear where society falls apart and the smartest leave first. Reduction in families relocating across state lines. 54:14 – The ‘useless’ class being subsidized by the 1%. Will this cause talent to leave on a international level? Yang says inertia, lower taxes, standard of Education keep people in the U.S. 55:40 – VAT, international transactions, selling to the UK from the US. Micro economies and city-states. China GDP. Impact of taxes in lower cost of living regions. 01:01:50 – Moving abroad, spending in different economies. Moving to Canada because of Trump. Tipping point for people leaving their state or country because of high tax levels. 01:05:41 – Tangent. Cryptocurrencies as an alternative to being taxed. Adoption of Bitcoin and untraceable payment systems. Exchange rates and paying freelancers. TransferWise, PayPal. UBI as being a better option than the status quo. 01:10:20 – Yang doesn’t present UBI as a perfect solution but it’s an option to divert us from the direction we are already headed in. 1:12:00 – If you want to hear Neil’s comments about Obama’s book, support us on Patreon and listen to the bonus material for this episode. 01:13:14 – The explosion in popularity of video games for unemployed men. The average playing time went from 3 hours per week to 8 hours per week in just a few years. 01:14:32 – E-sports, ad revenue, disposable income of an unemployed audience. Comparisons with NBA, NFL, tennis, golf and other sports. Sponsorships vs engagement of an audience. 01:16:35 – Power of in-app purchases, revenue making game mechanics. Popularity of Fortnite, going to $318MM in monthly revenue in just eight months. Comparisons with Call of Duty, game play and enjoyment. 01:18:55 – Harari's comments on the ‘useless’ class moving to VR as a stimulus. Swapping religion for video games. Lack of creative outlets and sense of reward in modern life. People turning to games for the feeling of progress and adventure. 01:20:31 – Implications of having unemployed young men roam the streets are a recipe for disaster. Preventing social unrest of large group of unemployed people by videogames. 01:21:35 – Lack of stimulation causes unwanted behaviors. People don’t always direct their energy in productive ways. Social credit apps, psychology of spending millions in other currencies. 01:24:07 – UBI as an economic stimulus, makes new businesses more viable. Additional disposable income. Decreasing customers causes decreasing investment. Spending on subscriptions like Netflix causes income to flow back to those already rich cities. 01:26:55 – Trump’s tax plan, government waste. UBI puts money in the hands of the individual and reduces government control. Appealing to both political sides - as a safety net and as a way for individuals to have more control. 01:29:52 – Welfare increasing risk of totalitarianism. Government and citizens in harmony - taxes in exchange for infrastructure and protection. Does reducing taxes reduce how much the government listens to the people? 01:31:36 – Andrew Yang is a presidential candidate for 2020 against Trump. Danger of using UBI as a re-election tactic. An issue so powerful could lead to a potential dictatorship. The Great Depression, introduction of Social Security. Congress, altruistic presidents and Obamacare. 01:35:47 – If you want to hear more about some of our thoughts related to the book get the bonus material for this episode at Patreon. We got to say it a lot of times to make sure everyone remembers what it is. Patreon.com/madeyouthink 01:38:03 – You can also leave a review for this show on iTunes. That is probably one of the best ways to support the show, that helps us show up as a recommended podcast. It makes us feel good. It'll make our mother's proud of us. Keep tweeting about it. We love hearing from you guys and getting your questions and your thoughts. 01:40:23 – You can check out some deals from our wonderful sponsors at MadeYouThinkPodcast.com/Support. That's where you can find the mushroom coffee, the Perfect Keto ketones the Kettle and Fire bone broth, the Cup and Leaf tea and also you can click through to Amazon. Buy anything there and that helps support the show as well. This is a topic we're definitely interested in so if there are articles, other books, videos definitely send them our way on Twitter. I’m @TheRealNeilS and I’m @NatEliason. See you guys next week. If you enjoyed this episode, don’t forget to subscribe at https://madeyouthinkpodcast.com
Some value stocks — those with low multiples and stable fundamentals —have significantly outperformed their growth counterparts. Today's Stocks & Topics: MNK - Mallinckrodt PLC, Retirement Savings, Inflation, PRU - Prudential Financial Inc., Yield on the 10-year Treasury note: 1.73%, 2-year Treasury: 1.662%, GOLD: $1,497.96 per OUNCE, Oil: $57.53 per barrel, Gasoline: $2.56 per gallon, Bitcoin: $9.984 per coin, AAPL - Apple Inc., Investing in the Market, Antitrust Problem for Google and Facebook, CMG - Chipotle Mexican Grill Inc., Investing in the Market, DNR - Denbury Resources Inc., EWI - iShares MSCI Italy ETF, Labor Participation Rate, T - AT&T Inc., EFX - Equifax Inc.Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations