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Thread: US unemployment lowest in 4 years

  1. #191
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Misterveritis View Post
    Earlier I wrote, "You have misunderstood.

    This is not correct: " We've lost 60% of mid-wage jobs during the recession and only recovered 22%."

    It is not even close. Correct is, "of the job losses 60% were mid wage where the numbers were pulled out of my, er, uh, hat at $28,766 to $43,950 in order to match my agenda.
    And, what agenda is that exactly? Those numbers aren't looking so good so er, uh, hat someone who doesn't like Obama? I already mentioned most of the job recovery was in low wage jobs so I've no idea what your point is for correcting me.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    Neither you or he seem to understand that results matter not rhetoric and leaders are responsible for results either good or bad.
    WTF is that suppose to mean!?

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    Re: US unemployment lowest in 4 years

    The U-3 Statistics is a very bad indicator of where the country is at in a recovery. The reason for this is that it has a habit of giving the opposite impression of the actual job situation.

    If a large number of people give up looking for work or retire we can see the unemployment rate drop, but that isn't a good thing in either case. What we see in the recession/recovery is an increase in early retirement, which is a brain drain on the country's employment base, and a net drop in productivity. This is especially troublesome given that many companies and the government cut payroll by promoting upwards to fill these vacated jobs and simply close the middle or low management vacancies the promotion creates. They don't have to fire anyone, they just cut off paths for advancement.

    On the flip side, when the economy starts to surge back we will likely see a lot of early retirees deciding to get back into the market along with a lot of people who just gave up. This surge in people looking for work will lead to a spike in unemployment.

    In short, the U-3 numbers are really pretty useless for their intended purpose and anyone you hear quoting them, without discussing the underlying numbers in depth, thinks you are an idiot or they are one themselves.

  4. #194
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    Private industry jobs started dying off before Obama took office so you can't blame it entirely on Obamacare.
    True, yet if PPACA is not part of the solution then it is part of the problem.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  5. #195
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by jmotivator View Post

    In short, the U-3 numbers are really pretty useless for their intended purpose
    You don't seem to understand the intended purpose. The purpose is to measure the amount of available labor not being used. If people drop putt of the labor force, they're no longer available, but if they start looking, they are.

    I'm not sure what you think an unemployment rate should measure.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

  6. #196
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    WTF is that suppose to mean!?

    What matters are the 22 million unemployed/under employed/discouraged workers, the 6.2 trillion added to the debt in less than 5 years, the stagnant economic growth, massive dependence on the taxpayers for welfare assistance, and the total incompetence in foreign and economic affairs. Results matter, not rhetoric

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by ttwtt78640 View Post
    True, yet if PPACA is not part of the solution then it is part of the problem.
    I have many issues with PPACA which I won't get into here because it's not fair to hijack a thread. That does not address a trend I'm seeing with jobs. I made mention of a great article by Bartlett but didn't receive much feedback. Perhaps, I will start my own thread.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by pinqy View Post
    You don't seem to understand the intended purpose. The purpose is to measure the amount of available labor not being used. If people drop putt of the labor force, they're no longer available, but if they start looking, they are.

    I'm not sure what you think an unemployment rate should measure.

    Obviously you don't understand the statistic. The fact that it doesn't include marginally attached or discouraged workers and completely misses the difference between retirees and those forced into early retirement -- all of these people that the U-3 doesn't track would, if available, take a job -- it doesn't track labor available like you think it does. The fact that it doesn't track all these types of workers is why it is a poor indicator.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    What matters are the 22 million unemployed/under employed/discouraged workers, the 6.2 trillion added to the debt in less than 5 years, the stagnant economic growth, massive dependence on the taxpayers for welfare assistance, and the total incompetence in foreign and economic affairs. Results matter, not rhetoric
    All these issues (unemployment, debt, stagnant economy, massive poverty and inequality) that are on a much larger scale than just the US. It has to do with globalization and until we address the real issue and leave behind the partisan hackery nothing will ever really get resolved.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by pinqy View Post
    You don't seem to understand the intended purpose. The purpose is to measure the amount of available labor not being used. If people drop putt of the labor force, they're no longer available, but if they start looking, they are.

    I'm not sure what you think an unemployment rate should measure.
    Not available? Why? Are you saying that those which have given up looking for a job because there are really none out there that match the basket of freebies that Obama has made easier to get, means that somehow they are not able? I think that is false.
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