http://www.economicsbriefing.com/200...-declines.html

A strong economy with a weak housing sector is the picture painted by economic data released today.

According to the Commerce Department, U.S. construction spending fell in July as outlays for housing plunged. Construction declined by 0.4 percent. The decline followed a 0.1 percent gain in June.

Meanwhile, economic activity in the manufacturing sector expanded in August for the seventh consecutive month, while the overall economy grew for the 70th consecutive month...

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Yeah, well, only those paid by the republican party to disseminate lies buys the strong economy crap....it's gone..and getting weaker and weaker....

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Here is a graph of the ratio of employment to population age 16 or older:
employment-population ratio.jpg
If the issue is how what fraction of the population is working to support those not working, then it would seem that a higher percentage working will be better. The peak point in the graph is April 2000 at 64.7%; when Bush took office in January 2001, the value was 64.4%; in Sept 2001, it was 63.5%, and it continued to decline to the low during Bush's years in Sept 2003 at 62.0%

When Clinton took office, the figure was 61.4% and by the end of the year it was up to 62.0% and never dropped below that again.

Now maybe a high number of people working is a bad thing, that the economy is so bad that more people in a family must work in order to earn enough to feed and house the family. In that case, one might argue that times got hard when the inflation zoomed up after Nixon's price controls were removed unleashing the effects of LBJ's Vietnam war costs.

Of course a better case might be made for the boomer entering the work force after college and staying in the work force

For reference, the population over 16 in the last period is 231,958,000 so one point (0.1%) on the graph corresponds to about 231,958 people, if the employment rate now (63,0%) were the same as when Bush took office (64.4%), three-and-a-quarter million more people would be employed.

On the other hand, perhaps it would be better to return to the 50s and 60s when about 5% fewer had to work, like in the heyday of union power. That would mean that about 11 million people would leave employment (now 146 million).

Graph created today from Dept of Labor website:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet
Series Id: LNS12300000
Seasonal Adjusted
Series title: (Seas) Employment-Population Ratio
Labor force status: Employment-population ratio
Type of data: Percent
Age: 16 years and over

We sold our house August 31...plan to buy another in 2008...hope it's still a buyer's market. Maybe constuction fell because we're finally doing illegal raids....

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It's a farse! The economy is expanding. You can make statistics say about anything you want. I can slant stats. to support my own agenda! Give it another six months and the construction industry will be in utter ruins.

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"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
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Manufacturing of bombs! Defense spending . Deee de deeeeeeeeeee

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"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." Thomas Jefferson

"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
Thomas Jefferson

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"The most important and most connected man on this forum."
"As per the Forums leftist who insist I am associated with the upper echelons of our government, corporate America and the world’s power class.
Every moon bat conspiracy leads to me. "

__________________
"The most important and most connected man on this forum."
"As per the Forums leftist who insist I am associated with the upper echelons of our government, corporate America and the world’s power class.
Every moon bat conspiracy leads to me. "

Nope...too many defaulted on their loans and there are an abundance of houses to sell....bankruptcy, not illegals, brought down the housing market.

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When you want to know the truth, search all articles available on your topic. The truth lies somewhere between it all.

I know. We live in AZ where the builders got greedy and expected an influx of CA residents to come rolling in, in return the locals bought up the houses expected to turn a huge profit, CA didn't come, homeowners can't afford 2 mortgages, now have to rent it out, way below what they originally paid for the house. Common get rich greed at work.

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Mr "Stockbroker/Cottonbroker" is on ignore, he didn't kick my a$$.

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My fans;
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