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Thread: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

  1. #101
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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by AlabamaPaul View Post
    You're conflating debating points, and I never intimated there was an upper age limit.
    So as the population gets older, wouldn't you expect labor force participation to go down? Oh, it's not the sole cause, of course, but the participation rate has been dropping since 2000.

    We're talking about different times, the first is where women were becoming a significant part of the workforce, and still are today, as compared to a time when they were not.
    Which is why participation is not a good indicator of the labor market. It is subject to non labor market factors.
    The only thing today between a person and a job are either skills, economic conditions, or a desire to seek work...
    And a large part of the drop in participation is lack of desire to seek work. Participation is a useful statistic, but mostly to put things in context. The UE rate...the percentage of people trying and failing to work...is a better indicator of the economy.
    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: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    being from Chicago the unemployment rate here has to be 10-15% and those are just conservative estimates.

    My gut or experience tells me 20+%..

    It's not good at all... 6% my ass - yeah maybe in the Twin City's.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Mr.Nick View Post
    It'd not lie - its basic fact.....

    The basic formula to establish unemployment is workforce divided by unemployment....
    No, it's not. Please try to do basic research. Employment Situation Technical Note
    The Unemployment rate comes from a survey of households. People are asked what they did last week. If they worked at least one hour for pay or 15 hours unpaid in a family business/farm, they are employed (this is seperate from the jobs numbers). If they did not work, they are asked what they did to look for work in the last 4 weeks. If they placed or answered an ad, filled out an application, had an interview, asked friends or family if they knew of anything, or anything that could possibly result in a job and if they also say they could have started work last week, then they are unemployed. They are not asked about benefits. Employed plus Unemployed is the Labor Force. Anyone who did not work the previous week or looked for work the previous 4 weeks is Not in the Labor Force. The Unemployment rate is Unemployed divided by the Labor Force (NOT the population).
    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: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by votemout View Post
    Eat somewhere else
    Yeah, that's a problem considering the Mexicans have a basic monopoly on fast food round here. At it doesn't even end there...They buy grocery stores, and the only places that actually employ US Citizens charge a premium, but still employ Mexicans.

    I don't have a problem with Mexicans but when they monopolize communities businesses I do.

    When they only hire "latinos" I do...

    Racism is racism.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Mr.Nick View Post
    Yeah, that's a problem considering the Mexicans have a basic monopoly on fast food round here. At it doesn't even end there...They buy grocery stores, and the only places that actually employ US Citizens charge a premium, but still employ Mexicans.

    I don't have a problem with Mexicans but when they monopolize communities businesses I do.

    When they only hire "latinos" I do...

    Racism is racism.
    Apply for a position then sue for discrimination. you can also bring the discrimination to the ACLU it will continue until they get sued to and yes i know they only hire other latinos.
    quite using there services period.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by pinqy View Post
    No, it's not. Please try to do basic research. Employment Situation Technical Note
    The Unemployment rate comes from a survey of households. People are asked what they did last week. If they worked at least one hour for pay or 15 hours unpaid in a family business/farm, they are employed (this is seperate from the jobs numbers). If they did not work, they are asked what they did to look for work in the last 4 weeks. If they placed or answered an ad, filled out an application, had an interview, asked friends or family if they knew of anything, or anything that could possibly result in a job and if they also say they could have started work last week, then they are unemployed. They are not asked about benefits. Employed plus Unemployed is the Labor Force. Anyone who did not work the previous week or looked for work the previous 4 weeks is Not in the Labor Force. The Unemployment rate is Unemployed divided by the Labor Force (NOT the population).
    No, sorry to the progressive believe that is not how unemployment is determined.

    You can easily google the formula in which the unemployment data is collected. You really believe the Obama administration calls 340 million Americans? because you know what? 60% of us have cell phones and that would be impossible...

    Yes, I'm aware they call about 20,000 land lines and somehow equate that number into 340,000,000 people - just as a general poll.

    But their main determination is that of unemployment divided by workforce...

    I know it's your goal to defend Obama's **** but open your eyes and see reality and not just what the press feeds you - the same press that endorsed Obama and continue to back him.

    But you're just one of the 340,000,000 so you don't really matter...

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    To cut matters short:
    There were 7.6 million unemployed people in the U.S. in January 2008, and the unemployment rate was 4.9%. Today, there are 9.8 million unemployed Americans, well over 2 million more than before the recession, and the unemployment rate is much higher.

    http://www.bls.gov/news.release/arch...t_02012008.pdf

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by votemout View Post
    Apply for a position then sue for discrimination. you can also bring the discrimination to the ACLU it will continue until they get sued to and yes i know they only hire other latinos.
    quite using there services period.
    I don't need a job in fast food and the ACLU wouldn't do **** but back the latino takeover... The ACLU is about empowering minorities not protecting individuals civil liberties. The ACLU is a legal firm made up of progressives who focus mainly on "social justice issues."

    Racism is a one-way street with those clowns,

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by RDS View Post
    To cut matters short:
    There were 7.6 million unemployed people in the U.S. in January 2008, and the unemployment rate was 4.9%. Today, there are 9.8 million unemployed Americans, well over 2 million more than before the recession, and the unemployment rate is much higher.

    http://www.bls.gov/news.release/arch...t_02012008.pdf
    And those numbers are just unemployment benefit numbers - that doesn't take into account the numerous individuals who have no job and lost their benefits.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    My projection given the information I have has unemployment at 9.5-12% and even drastically worse in some major cities where 15% is standard and generally common knowledge in Chicago. Some rural areas have it worse with upwards of 18-20%, and other communities have it way less between 3-5% but those are generally oil manufacturing communities and or farming communities.

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