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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 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?
    Why do you believe we should indulge the moral turpitude of bearing false witness to our own laws regarding the concept of employment at will?

    It could be a form of minimum wage for market based purposes to provide those metrics to the private sector.

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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
    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.
    How would classifying people who don't want to or need to work as unemployed tell us anything about the labor market? And how could we objectively determine "capable of working?"
    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
    How would classifying people who don't want to or need to work as unemployed tell us anything about the labor market? And how could we objectively determine "capable of working?"
    Easy, work for assistance could a physical before receiving aid.
    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 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.
    Many unemployed may be poor due to a simple lack of income that would otherwise be obtained in a more efficient market for labor.

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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.

    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.
    I believe in simplification of public policies. Either a person is gainfully employed in the private sector or they are not. If income is a consideration, then it really should be that simple.

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

    Quote Originally Posted by j-mac View Post
    Btw, you never answered my question to you...care to now?
    can you re-post your question.

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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?
    No. I only claim Montana is not an at-will employment State; but it may not matter as much since even persons who are employed for-cause (just cause) can be fired on an at-will basis as long as there are severance considerations.

    A minor may need to apply for emancipation if they want to be treated as an adult in the market for labor for unemployment compensation purposes. Otherwise, they could be supported by the adults in the family.

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

    Quote Originally Posted by pinqy View Post
    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.
    Yes, it is merely our elected representatives micromanaging the public sector, by committee.

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

    Quote Originally Posted by pinqy View Post
    How would classifying people who don't want to or need to work as unemployed tell us anything about the labor market? And how could we objectively determine "capable of working?"
    You seem to be missing the concept of employment at will.

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

    Quote Originally Posted by j-mac View Post
    Easy, work for assistance could a physical before receiving aid.
    It is about simplification; we already have means tested welfare that does that.

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