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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 Mycroft View Post
    The U-6...that dirty little secret that Obama, the Democrats and their apologists don't want you to think about.
    Why should anyone care about it? I don't care that Joe Nobody doesn't like mopping floors. Why should I lump him in with unemployed people just because he doesn't like his job? And its certainly not the responsibility of the President to set you up with a job you like.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Napoleon View Post
    Why should anyone care about it? I don't care that Joe Nobody doesn't like mopping floors. Why should I lump him in with unemployed people just because he doesn't like his job? And its certainly not the responsibility of the President to set you up with a job you like.
    When Obama and his Democrat buddies set things up so that all Joe Nobody can find to do is mopping floors, then yes...they are responsible.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mycroft View Post
    When Obama and his Democrat buddies set things up so that all Joe Nobody can find to do is mopping floors, then yes...they are responsible.
    If the only job Joe Nobody can manage to get hired into since the Great Recession is mopping floors then it is safe to assume that he is either too lazy to look for a different job or that is all he is qualified to do. Thats another reason why so-called "underemployment" is irrelevant. Joe Nobody might think he should be in a higher paying position but the people who actually do the employing obviously do not think him qualified.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Napoleon View Post
    If the only job Joe Nobody can manage to get hired into since the Great Recession is mopping floors then it is safe to assume that he is either too lazy to look for a different job or that is all he is qualified to do. Thats another reason why so-called "underemployment" is irrelevant. Joe Nobody might think he should be in a higher paying position but the people who actually do the employing obviously do not think him qualified.
    Or...nobody is hiring for the higher paying job he is qualified for.

    THAT'S what the Congressional Democrats...and Obama...have done for him.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mycroft View Post
    Or...nobody is hiring for the higher paying job he is qualified for.

    THAT'S what the Congressional Democrats...and Obama...have done for him.
    I agree partially with your assessment that government has a hand in this situation, I disagree with your opinion that it is solely the Democrats. This ABC news article discusses Republican roles in job outsourcing.



    By ABC News
    Jul 19, 2012 7:28pm

    WASHINGTON, D.C. – The Senate has rejected further consideration of a bill Democrats say would have eliminated existing tax breaks for employers who ship their jobs overseas. While Republicans sought to squash it as political theater, Democrats admit quarreling over the “Bring Jobs Home Act” was openly influenced by the 2012 presidential campaign.

    “It’s fairly easy to see why Republicans are blocking our bill to stop outsourcing,” Senate Majority Leader Harry Reid, D-Nev., said at a press conference before the vote. “They’re obviously defending their presidential nominee, who of course made a fortune by shipping jobs overseas.”

    Senate Kills Anti-Outsourcing Bill; Democrats Point to Romney - ABC News

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Napoleon View Post
    Why should anyone care about it? I don't care that Joe Nobody doesn't like mopping floors. Why should I lump him in with unemployed people just because he doesn't like his job? And its certainly not the responsibility of the President to set you up with a job you like.
    Well, they're not lumped as unemployed, but the U-6 does have its uses.
    The U-3 tells us what percent of those who are doing something about work are not working
    This shows the gap between availability and use of labor.

    The U-4 tells us what percent of those doing something about work or recently looked but felt they wouldn't get hired are not working.
    This shows us how many more would be available if their perception of the labor market changed a little.

    The U-5 tells us what percent of those doing something about work or recently looked but not looking now are not working
    This shows us how many more would be available if they decide their personal situation allows it.

    The U-6 tells us what percent of those doing something about work or recently looked but not looking now are not working or aren't working as many hours as they'd like.
    This shows us the degree of underutilization. The 11.3% tells us that of all those working or could theoretically be hired soon are not working to full possibility. If someone could be working 35+ hours/week, but isn't, then that shows a weakness in the labor market.
    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: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mycroft View Post
    Or...nobody is hiring for the higher paying job he is qualified for.

    THAT'S what the Congressional Democrats...and Obama...have done for him.
    The heroes of the right, Beck, Levin, Limbauh ALL say there are TONS of jobs in North Dakota with fast food workers getting almost $18 an hour and many jobs that are making 6 figures. Are they ALL lying? Please tell us.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by TheNextEra View Post
    The heroes of the right, Beck, Levin, Limbauh ALL say there are TONS of jobs in North Dakota with fast food workers getting almost $18 an hour and many jobs that are making 6 figures. Are they ALL lying? Please tell us.
    shrug...

    I don't listen to or watch them. I don't know. But I've heard the economy is pretty good up there. But I have to ask you...so what? I've heard the economy is pretty good in Texas, too.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Dibbler View Post
    I agree partially with your assessment that government has a hand in this situation, I disagree with your opinion that it is solely the Democrats. This ABC news article discusses Republican roles in job outsourcing.



    By ABC News
    Jul 19, 2012 7:28pm

    WASHINGTON, D.C. – The Senate has rejected further consideration of a bill Democrats say would have eliminated existing tax breaks for employers who ship their jobs overseas. While Republicans sought to squash it as political theater, Democrats admit quarreling over the “Bring Jobs Home Act” was openly influenced by the 2012 presidential campaign.

    “It’s fairly easy to see why Republicans are blocking our bill to stop outsourcing,” Senate Majority Leader Harry Reid, D-Nev., said at a press conference before the vote. “They’re obviously defending their presidential nominee, who of course made a fortune by shipping jobs overseas.”

    Senate Kills Anti-Outsourcing Bill; Democrats Point to Romney - ABC News
    Wait...are you saying that failed bill would have resulted in more jobs? That's preposterous.

    Oh...wait...it MIGHT have kept 150 jobs. Whooopeee!!

    btw, dude. That article is nothing more than a left-wing media hit piece aimed at Romney. I dismiss the article.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Dibbler View Post
    I agree partially with your assessment that government has a hand in this situation, I disagree with your opinion that it is solely the Democrats. This ABC news article discusses Republican roles in job outsourcing.



    By ABC News
    Jul 19, 2012 7:28pm

    WASHINGTON, D.C. – The Senate has rejected further consideration of a bill Democrats say would have eliminated existing tax breaks for employers who ship their jobs overseas. While Republicans sought to squash it as political theater, Democrats admit quarreling over the “Bring Jobs Home Act” was openly influenced by the 2012 presidential campaign.

    “It’s fairly easy to see why Republicans are blocking our bill to stop outsourcing,” Senate Majority Leader Harry Reid, D-Nev., said at a press conference before the vote. “They’re obviously defending their presidential nominee, who of course made a fortune by shipping jobs overseas.”

    Senate Kills Anti-Outsourcing Bill; Democrats Point to Romney - ABC News
    The Democrats have resurrected that bill word for word and are trying to push it again. It was pretty well picked apart and show to be completely flawed in 2012, which is why it failed - and why it will fail again. Political theater at its finest. And it was a nice way to attack candidate Romney at the time.
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