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Thread: US unemployment lowest in 4 years

  1. #31
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by pinqy View Post
    18 year olds aren't considered new workers. The Labor Force is age 16 and older.
    And this means it's even worse. With 77% of the jobs created being part time only, and a bunch of those being taken by minors....those workers don't even factor into the unemployment rate, even though the part-time jobs are definitely counted.

    Unemployment is a wreck.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Woodman909 View Post
    This 7.4% number is bogus, since it does not account for the 250K more people who have given up looking this past quarter. If you count all the people who have no job, whether they are looking or not, the number is well over 13%.
    Well, if you count all the people who don't have jobs, that's 41% (and that's still not counting children and people in institutions).
    But if you only count those who want a job, it's 11.3%. But of those not classified as unemployed who say they want a job, about half haven't looked in over a year...meaning they're very unlikely to start looking for one. And quite a few couldn't take a job if offered.

    So which do you mean, and what's your rationale for classifying them as unemployed?
    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.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Sisyphus View Post
    It's a big world. Seems experiences vary. I live in an upscale neighborhood (Kirkland WA) and have yet to meet a Tea Partier, in these parts. The ones I've run into are down at Lazy Acres Mobile Home Park & Coin-Op Laundry; and they're all pudgy-faced, toothless, cross-eyed morons.

    Go figure.
    With any luck, whoever you rent the room from in the upscale neighborhood won't lose their job due to Obama's incompetence. Don't bank on it though. And don't speak bad of the folks at the lazy acres mobile home park. if your landlord gets evicted, you may be right back at the trailer park where you admit you spend time at.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by ItAin'tFree View Post
    With any luck, whoever you rent the room from in the upscale neighborhood won't lose their job due to Obama's incompetence. Don't bank on it though. And don't speak bad of the folks at the lazy acres mobile home park. if your landlord gets evicted, you may be right back at the trailer park where you admit you spend time at.
    Can't afford the rent in these parts. Ergo I've gone with the more affordable option: deed to home, and HOA dues of a smidge over $300 / month.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Erod View Post
    And this means it's even worse. With 77% of the jobs created being part time only, and a bunch of those being taken by minors....those workers don't even factor into the unemployment rate, .
    Why do you think they don't factor into the unemployment rate?

    But let's go back...It's incorrect to say that 77% of the jobs created are part time. There are TWO different surveys. The Establishment Survey, a survey of over 400,000 worksites, is the official "Jobs" number. It excludes agriculture, self employed and some others. The only questions on this survey are number of workers, average hours, average pay. That's it..no way to tell how many part time and full time jobs.

    The Household Survey (60,000 households) includes everyone 16 and older (except military and people in institutions) and asks full time (35+ hours/week) part time and a lot of others. But that data is not directly comparable to the establishment survey. and the error for the household survey can be pretty high for the sub-groups.
    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. #36
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    Re: US unemployment lowest in 4 years

    Shocking: Black Teen Unemployment Rate 41.6%

    Couple that with the dropout rate.

    http://blackboysreport.org/national-...aduation-rates

    Only 37 percent of black males graduate high school in New York? Seriously?

    That is a scary concoction.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Higgins86 View Post
    good majority of those 18 year olds I imagine are not working through the summer, are going to college or already have a part time job established
    If even half are seeking work, that still leaves a new job deficit.
    “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

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by ttwtt78640 View Post
    If even half are seeking work, that still leaves a new job deficit.
    The total number of Americans in the workforce has been declining since 2001.

    The Baby Boomers are getting older, the population is aging, people are retiring. That's not a consequence of any government policies, it's demographics.

  9. #39
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Fenton View Post
    Oh please Kush. Don't give me that BS.
    There is no B.S. about it! The U.S. is recovering from the greatest level of wealth loss since....... you know when.

    This economy is stagnant, and thats WITH perpetual QE and massive spending .
    Nope! The economy is stagnant because a general pickup in real estate investment has not occurred until now (which has increased long term interest rates). A housing bubble followed by consumer deleveraging of epic proportions is not to be taken lightly.

    What was it, a couple of weeks ago Bernake anounced our economy would collapse without his pumping.
    Asset markets would falter as the blanket of liquidity the Fed has been providing markets is removed.

    5 years in and Obama's house of cards is being propped up with the FEDs Pumping.
    Obama? Last i recall, the economy was dominated by the private sector. Obama cannot impact hiring the way Rush Limbaugh's fan club believes a president can.

    Why are you so inexorably connected to a failure of a President ?
    I call it how i see it. If that is politically inconvenient for you, so be it.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Visbek View Post
    The total number of Americans in the workforce has been declining since 2001.

    The Baby Boomers are getting older, the population is aging, people are retiring. That's not a consequence of any government policies, it's demographics.
    Yes that it is demographics. But the US working age population is growing faster than the number of US jobs to employ them, even as the number of those retired (and living longer) is also increasing.

    http://www.bls.gov/opub/mlr/2002/05/art2full.pdf
    “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

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