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Post by jeffolie on Dec 30, 2013 12:10:53 GMT -6
U.S. population growth slows Just under 2.3 million added in the 12 months ending July 1, 2013, Census figures show. Story Highlights U.S. population inches up by 0.71% in the 12 months West Virginia, Maine only states to lose population during the period North Dakota, buoyed by an ongoing oil boom, once again proved the fastest-growing state An aging Baby Boomer population and slower immigration combined for nearly stagnant U.S. population growth in 2013 as the total number of residents inched up even more slowly than the previous year. Growth for the 12 months ending July 1 was 0.71% or just under 2.3 million people, according to figures released Monday by the U.S. Census Bureau. In 2012, the U.S. population grew at a 0.75% rate. Only two states — Maine and West Virginia — lost population. North Dakota, buoyed by an ongoing oil boom, once again proved the fastest-growing state, rising 3.1%, or more than four times the national rate. Close behind: Washington, D.C., which grew 2%, to 646,449. Both North Dakota and D.C. are still comparatively tiny, appearing in the bottom five by total population. Meanwhile, a long-awaited milestone will have to wait another year: Population watchers expected Florida to surpass New York for the first time, but it didn't happen. New York, which supplies many snowbird retirees to the Sunshine State, still has a slight advantage over Florida as third most-populous state, with about 98,000 more residents. But Florida, the figures show, is growing more than three times as quickly as New York. California and Texas remain No. 1 and 2, respectively, with the largest populations. www.usatoday.com/story/news/nation/2013/12/30/census-state-population-estimates-growth/4248089/
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Post by ULC on Dec 31, 2013 12:52:04 GMT -6
Excellent news. We had been inching along at almost 1%/year.
Any reduction in the rate of labor force growth is a plus, since the increase in potential workers is vastly outstripping the increase in jobs created.
We still have 102 million not-employed Americans age 16 or over.
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Post by unlawflcombatnt on Jan 1, 2014 10:26:52 GMT -6
According to the Bureau of Labor Statistics Household Survey, from Nov 2012 to Nov 2013, 1.1 million more workers became employed. Compare this with a population increase of 2.3 million. Currently, only 58.6% of our, non-institutionalized, age 16 + population is employed. Our population is still growing too fast for the number of jobs being created. This is a set-up for perpetual wage stagnation and underemployment.
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Post by unlawflcombatnt on Jan 1, 2014 11:06:31 GMT -6
Here's how the population growth compares with employment growth:
Calculating:
246.567 mil = Non-institutionalized age 16+ population 317.297 mil = Total US population 144.386 mil = Total US employment
% US population in the "Non-institutionalized age 16+ " category = 246.567 mil ÷ 317.297 = .777, or 77.7% ------------- % of Non-institutionalized age 16+ employed = 144.386 mil ÷ 246.567 mil = .586, or 58.6% --------------------- Number of jobs needed to keep up with new population growth (based on current %'s) 2.3 mil x (0.777) x (0.586) = 1.047 million
Again, last year's Nov 2012 -Nov 2013 job growth was: 1.109 million
Using these numbers, including the immigration numbers, gives an annual job surplus of only +62,000. In other words, the number of Not-employed Americans declinef only -62,000 last year.
This is not enough for any kind of "recovery."
We need a population growth rate of 0, or very close to it.
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