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Thread: 41 percent of adults don't work

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    41 percent of adults don't work

    The other unemployment rate - Oct. 18, 2012





    "The employment-to-population ratio is the best measure of labor market conditions and it currently shows that there has been almost no improvement whatsoever over the past three years," Paul Ashworth, chief North American economist for Capital Economics said in a note to clients. The ratio is also telling because it means that 41% of working-age Americans are out of a job for one reason or another.
    So four out of every 10 people you pass in the mall or see walking down the street don't work, for whatever reason, and do not personally generate an income, other than social security or welfare.

    And of those who actually want a job, 13.5% of them are unemployed.

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    Re: 41 percent of adults don't work

    I find that easy to believe, unfortunately.
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    Re: 41 percent of adults don't work

    Quote Originally Posted by Erod View Post
    So four out of every 10 people you pass in the mall or see walking down the street don't work, for whatever reason, and do not personally generate an income, other than social security or welfare.
    Note that this includes people in nursing homes and hospices, college students, retirees, stay-at-home parents, and those who are independently wealthy. The fact that "there has been almost no improvement whatsoever over the past three years" is misleading, because a stable employment-to-population rate *is* an improvement when the population is growing older.

    Not that I think you care about the economics behind this anyway. It's just another thing to bash Obama for.
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    Re: 41 percent of adults don't work

    Quote Originally Posted by Kandahar View Post
    Note that this includes people in nursing homes and hospices, college students, retirees, stay-at-home parents, and those who are independently wealthy. The fact that "there has been almost no improvement whatsoever over the past three years" is misleading, because a stable employment-to-population rate *is* an improvement when the population is growing older.

    Not that I think you care about the economics behind this anyway. It's just another thing to bash Obama for.
    Nice spin. It also includes a TON of people who have given up or are quite comfortable with that steady government check and food stamps.

    41 percent is a TON of people, chief. And the CNN article doesn't agree with your take at all.

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    Re: 41 percent of adults don't work

    What meaning am I supposed to get from this? If the 33% of people who don't work and don't want jobs is mostly students, retirees and stay at home parents, then who cares? If you're a student, then learning is your job. If you're retired, then you've already worked and are now (hopefully) enjoying life. If you are staying at home, then you have made a decision - probably with your partner - that this is best decision for your family. I don't see any of that as problem and if you do, then you're making value judgments that you haven't yet defended which is why I don't know what point you're trying to make.

    As far other 7%, hopefully they'll be able to find work since unemployment is decreasing and the private sector is continuously adding jobs.

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    Re: 41 percent of adults don't work

    Quote Originally Posted by Erod View Post
    Nice spin. It also includes a TON of people who have given up or are quite comfortable with that steady government check and food stamps.
    That's an unsubstantiated assumption.

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    Re: 41 percent of adults don't work

    Quote Originally Posted by ThePlayDrive View Post
    What meaning am I supposed to get from this? If the 33% of people who don't work and don't want jobs is mostly students, retirees and stay at home parents, then who cares? If you're a student, then learning is your job. If you're retired, then you've already worked and are now (hopefully) enjoying life. If you are staying at home, then you have made a decision - probably with your partner - that this is best decision for your family. I don't see any of that as problem and if you do, then you're making value judgments that you haven't yet defended which is why I don't know what point you're trying to make.

    As far other 7%, hopefully they'll be able to find work since unemployment is decreasing and the private sector is continuously adding jobs.
    If only that was happening....

    Weekly Jobless Claims Drop Proves to Be Short-Lived - US Business News - CNBC

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    Re: 41 percent of adults don't work

    That number is believable. College kids, retirees, lotto winners, disabled, etc.

    I know a lot of people who have 2-3 jobs. The folks who can't find work....it's not that they can't find work, it's that they can't find work that really pays more than unemployment. It's what kept me out of a job for about 6 months. Once you buy a house, or have a family, taking any old job is no longer an option. If you HAVE to make at least 400 per week, taking a 9 dollar an hour part time gig is not gonna help you out, it's gonna hurt you.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: 41 percent of adults don't work

    Quote Originally Posted by Erod View Post
    The other unemployment rate - Oct. 18, 2012







    So four out of every 10 people you pass in the mall or see walking down the street don't work, for whatever reason, and do not personally generate an income, other than social security or welfare.

    And of those who actually want a job, 13.5% of them are unemployed.
    5 + 2.8 = 13.5??


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    This issue has been plowed more times than Paris Hilton.
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    Too bad we have to observe human rights.

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    Re: 41 percent of adults don't work

    Quote Originally Posted by rocket88 View Post
    5 + 2.8 = 13.5??
    You clearly don't understand republican math.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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