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Thread: Current U-6 Unemployment Rate is 11.3%

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    Just more top shelf Mr Nick analysis. If those dummies in Washington were like you we would be T̶o̶t̶a̶l̶l̶y̶ ̶F̶u̶c̶k̶e̶d̶ a lot better off!
    I'm more educated in practical education than half those lawyers sitting on the hill....

    Funny how everyone hates lawyers because how dense and irrational they are yet we elect them to represent us.

    I know law - it's immoral and destroys the human spirit..... Most lawyers are psychopaths with drug addictions who believe they can get away with anything - and most are democrats...

    I wanted to be a lawyer until I found out I had to sell my soul, morals and ethics to even do "justice" which IMO is an oxymoron....

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    Yes they're in a void where they don't even count -
    I can't recall a time before Obama's presidency that anyone ever cared about so-called "underemployment"; a figure which has no foundation in objectivity. For what reason should employed people be counted as unemployed? In what rational world should a person be counted as unemployed because they think they should be earning a million dollar salary or because they want to be an astronaut instead of mopping floors? The answer is NONE. So-called "underemployment" is a job-satisfaction metric and nothing more.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    I'm more educated in practical education than half those lawyers sitting on the hill....

    Funny how everyone hates lawyers because how dense and irrational they are yet we elect them to represent us.

    I know law - it's immoral and destroys the human spirit..... Most lawyers are psychopaths with drug addictions who believe they can get away with anything - and most are democrats...

    I wanted to be a lawyer until I found out I had to sell my soul, morals and ethics to even do "justice" which IMO is an oxymoron....
    Yeah, that was the deciding factor

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    Well there's your problem. The bureau tends to collect data that represents the experience of the country as a whole, not Mr Nick-ville. Either way, your claim that it has skyrocketed is utterly and objectively wrong. Misinformation and Mr Nick. The new PB & J.
    What you call "misinformation" is either straight up truth or a divergence for something more sinister.

    The government has don't nothing but lie to us for the past 120 years...... Gone is integrity and in is lies propaganda and secrecy...

    Funny how we call other governments liars yet we expect our government to be benevolent, transparent - for the people by the people???

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    Yeah, that was the deciding factor
    Yeah well I decided I wasn't going to defend the guilty or get involved in inside bull**** where peoples fates are traded for others...

    I'm not God but lawyers think they are God, however in reality they're Satan....

    That's why the good lawyers help people that got screwed over by the system so some ADA can put a star on his resume.

    I know plenty of lawyers and they don't give a **** about reality or facts - they only care about winning, weather they put the wrong man in jail or not..... And these are the same egomaniacs that run for pubic office and win - why - because they know how to work a crowed - just like they know how to work a jury.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    Yeah well I decided I wasn't going to defend the guilty or get involved in inside bull**** where peoples fates are traded for others....
    Because in Mr.Nick's law school, they only taught criminal law and inside trading.

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    Re: Current U-6 Unemployment Rate is 11.3%

    All is beautiful, all is grand, the world is wonderful and the jobless numbers are perfect - or so you would think by the Obama spin machine. (In other words, from them, nothing to see here, move on...)
    Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    I don't give a **** what fudged numbers you spew - I see reality and reality trumps your fudged numbers... When I see closed stores left and right and mini-malls that are only 20% capacity with the only stores being corporate stores and all the small mom and pop stores gone - yea that is reality - your numbers are useless to me.
    Nick, in regards to the bolded: No ... not really.

    What you're seeing is pretty typical business turnover. Even in a healthy economy around 25% of business fail within a year, 50% of business fail within 4 years, and by the first 10 years -- about 80% of businesses are dead and gone. The reasons behind that are countless. From poor book-keeping and poor management, to bad locations and bad market differentiation. Running a successful business is absurdly difficult and that leads to astoundingly high company mortality rates.

    Which in cities like Chicago, that turnover is difficult to hide. Unlike rural or suburbans areas, companies aren't located on back roads scattered throughout the countryside. A city storefront is right out on the street and you cannot miss a "CLOSED" sign hanging on the door. Which is why, if you've been around long enough, it seems like every time you walk down a neighborhood street there's another closed store. However that's something that should be expected. If you moved to Chicago a year ago - it's entirely possible that up to 25% of the companies in your vicinity are now failed.
    Last edited by brothern; 10-07-14 at 11:11 PM.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    The same spiel every month. The U-6, which is not an unemployment rate, but a measure of underutilization, has declined by 6 percent since the end of the Recession and has mirrored the decline in the official rate to a nearly perfect degree. Those who latch onto this figure to the exclusion of all others do so for strictly political purposes.
    And those rate declines arent all they are cooked up to be. In fact if our economy is actually getting back on track the U3 will rise. We are adding jobs slower than our population growth and those out of work have given up trying to get work



    here’s the less rosy sign of the report. The improving job market does not seem to be pulling people who left the labor force over the last few years back into it. In fact the size of the labor force actually ticked down by 97,000 in September, which in and of itself is too small a number in too volatile a series to make much of, but is part of a longer trend of the size of the labor force holding steady rather than increasing.

    Here, for example, are the proportion of Americans who are in the labor force (that is, either have a job or want one) and the proportion of Americans who have a job. We want to see both numbers rising, particularly given the sharp contraction in the labor force during an earlier phase of the recovery. Instead, the trend is flat.

    Ironically, if that starts to change — if people do begin returning to the labor force in meaningful numbers, it would put upward pressure on the unemployment rate as it takes those people some time to find jobs. But it would signal increasing confidence and help restore some of America’s economic potential.
    http://www.nytimes.com/2014/10/04/up...-charted.html?

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by brothern View Post
    Nick, in regards to the bolded: No ... not really.

    What you're seeing is pretty typical business turnover. Even in a healthy economy around 25% of business fail within a year, 50% of business fail within 4 years, and by the first 10 years -- about 80% of businesses are dead and gone. The reasons behind that are countless. From poor book-keeping and poor management, to bad locations and bad market differentiation. Running a successful business is absurdly difficult and that leads to astoundingly high company mortality rates.

    Which in cities like Chicago, that turnover is difficult to hide. Unlike rural or suburbans areas, companies aren't located on back roads scattered throughout the countryside. A city storefront is right out on the street and you cannot miss a "CLOSED" sign hanging on the door. Which is why, if you've been around long enough, it seems like every time you walk down a neighborhood street there's another closed store. However that's something that should be expected. If you moved to Chicago a year ago - it's entirely possible that up to 25% of the companies in your vicinity are now failed.
    Turnover? these stores have been abandoned for 6-8 years - its NOTHING.... Maybe a Petco or a Target but the other 20-30 storefronts are gone...

    I don't live in bummble**** Alabama either I live in urban Illinois between Chicago, Kenosha and Milwaukee....

    These numbers do not commute to reality - they don't compute to their own equations...

    I wasn't alive during the great depression and I was a baby when Carter had his stupidity and Clinton was ok - only because he promoted credit - and now as an adult I have to see this ****?

    For someone who is educated and has to see this it is quite sad....

    It's a ****ing ghost town - everyone is shutting their doors and I live in an urban area - the only damn thing that is surviving right now is fast food.

    I'll post pics of this "ghost town" mini-mall later and numerous other ones I know of.

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