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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Mithros View Post
    So you're a communist?
    I believe you have your own answer.

    For example, what does the "our objective and market based political-economic reality" contribute to your idea?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by JRSaindo View Post
    When posting job gains threads, also post job losses. Otherwise job gains are meaningless. Also a breakdown of job/pay quality on both sides. Who cares about the gross number, its all about net. Anyone with a brain can deduce that if the jobs increased by almost 200,000 and the unemployment rate stays the same, the added jobs were a wash at best.
    The "jobs gained" number IS the net change.
    But that number is only non-farm payroll jobs from the Current Employment Statistics and are not used to calculate the unemployment rate.
    The labor force numbers come from the Current Population Survey which measures employment, not jobs(yes they are different concepts), and uses that for the UE rate.
    So, in February, there were 145,266,000 employed and 10,459,000 unemployed ( giving a labor force of 155,724,000*) and a UE rate of 10,459/155,724 = 6.7%. In March there were 145,742,000 employed and 10,486,000 unemployed (labor force of 156,227,00) and a UE rate of 10,486/156,227 = 6.7%
    Here, read the www.bls.gov/news.release/empsit.tn.htm to learn about the difference between the surveys.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    I believe our elected representatives to government should not have to be burdened with anything more complicated than a form of minimum wage that simply compensates labor for being unemployed, in any at-will employment jurisdiction.
    So you think that in all at-will employment areas, unemployment compensation should be given to anyone who is unemployed.

    How is that related to minimum wage laws?

    Nevermind.

    Isn't that already the way things work?
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    So you think that in all at-will employment areas, unemployment compensation should be given to anyone who is unemployed.

    How is that related to minimum wage laws?

    Nevermind.

    Isn't that already the way things work?
    Only about 30% of the unemployed receive unemployment benefits (from state or Fed programs). Unemployed is defined as wants a job, could have started work the previous week, and actively looked for work in the last four weeks. Those on temporary layoff don't have to look.

    Daniel has not given his definition yet, though he seems to think all unemployed are poor.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by pinqy View Post
    Only about 30% of the unemployed receive unemployment benefits (from state or Fed programs). Unemployed is defined as wants a job, could have started work the previous week, and actively looked for work in the last four weeks. Those on temporary layoff don't have to look.

    Daniel has not given his definition yet, though he seems to think all unemployed are poor.
    Everyone defined as unemployed by the government can apply and (most likely) get unemployment compensation, as I understand it.

    Whether danielpalos agrees with the gov's definition of unemployment would be interesting to discover, but ultimately irrelevant.


    Edit: Which is not to say that I agree with the gov's definition of unemployment.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    fortunately for me, most of those of the opposing view, don't have a clue or a Cause regarding the concepts we are discussing.
    Btw, you never answered my question to you...care to now?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    Everyone defined as unemployed by the government can apply and (most likely) get unemployment compensation, as I understand it.
    oh, no, not even close. Usually, to receive benefits, you must have been laid off for no fault of your own. If you quit, finished a temp job, looking for your first job, or re-entering the labor force you're not eligible. If you look at reason for being unemployed Table A-11. Unemployed persons by reason for unemployment you'll see only about 4.3 million of the over 10 million unemployed were laid off, and many of them would have been fired for cause.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    Whether danielpalos agrees with the gov's definition of unemployment would be interesting to discover, but ultimately irrelevant.
    Considering that he says that in every state but Montana all unemployed should get benefits, his definition is quite relevant. Does he really think 16 year old high school students looking for a part time job for extra money should receive full government support?


    Which is not to say that I agree with the gov's definition of unemployment.
    I hope this doesn't sound condescending, but do you understand the theory and reasons for the definition? It is meant to measure how many people tried and failed to work in that particular month…the number who could be working, but aren't.
    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.

  9. #619
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by pinqy View Post
    Considering that he says that in every state but Montana all unemployed should get benefits, his definition is quite relevant. Does he really think 16 year old high school students looking for a part time job for extra money should receive full government support?



    I hope this doesn't sound condescending, but do you understand the theory and reasons for the definition? It is meant to measure how many people tried and failed to work in that particular month…the number who could be working, but aren't.
    I feel that the use of the word "unemployed" to reference that group is misleading.

    In my mind, the "unemployed" are people who are capable of working but are not.
    And that includes people who aren't looking for work.

    IMO both numbers have meaning, though. Different meanings.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by pinqy View Post
    oh, no, not even close. Usually, to receive benefits, you must have been laid off for no fault of your own. If you quit, finished a temp job, looking for your first job, or re-entering the labor force you're not eligible. If you look at reason for being unemployed Table A-11. Unemployed persons by reason for unemployment you'll see only about 4.3 million of the over 10 million unemployed were laid off, and many of them would have been fired for cause.
    Perhaps I'm wrong then...
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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