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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%

    For everyone who keeps pointing to U6 numbers as a way to say the economy is sucking: Wrong. U6 unemployment is also down. In 2009 when Obama took office it was between 15-17%. Now it is just over 11%.

    For everyone who says U6 is worthless and is not a good measure: Wrong. It is a very useful measure, because it includes people who were looking for a job but gave up because they couldn't find one and thus are technically no longer in the labor force. If all the currently unemployed gave up looking for work, the standard unemployment rate would be 0%. It doesn't require much explanation to see why looking at U6 might be useful. It also includes people who are looking for full time work but can only find part times jobs.

    U6 helps shed some light on the standard unemployment numbers, and is important to look at. With that said, U6 is down just like standard unemployment, so it cannot be used as a way to claim the economy is getting worse. It shows the opposite.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Deuce View Post
    Yeah but, making six figures in North Dakota requires you to live in North Dakota.
    There are some logistical problems as well. These jobs are derived from the boom and expansion of the Bakken Oil Field. Not everyone is cut out for oil rig work, nor oil rig vendor jobs which are largely truck driving, and heavy lifting of all sorts. Ever try stick welding up in the air with the wind blowing over 40 mph and its -20 degrees f ? Me either, and I'm not going to. Not everyone is cut out for the temperature extremes of the northern plains. I've looked into this personally and one cannot find housing easily in or around Williston, ND, which is where all these magical jobs are. You need to get hired and hope the company houses you, which may not be that good a deal. If you can find land and capital you might consider a decent bar and strip club to set up nearby. Booms towns are the same now as they ever were.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by FaceofBachmann View Post
    Republicans are predictably worse. Big difference. Conservative economic policies are failures and we know why. So it's important not to let these losers near the White House again. That doesn't mean a Democratic president can fix the things Bush broke or that recessions won't happen. But it does mean that rational economic policy is excluded from a Republican administration and will always lead to disaster.
    Yeah, yeah...more "blame the Republicans".

    You'll excuse me if I disregard that old, tired liberal tactic. I mean, after 6 freaking years of nothing but failure from the Democrats...that's all you got.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Lakryte;106384
    For everyone who says U6 is worthless and is not a good measure: Wrong. It is a very useful measure, because it includes people who were looking for a job but gave up because they couldn't find one and thus are technically no longer in the labor force.
    That's the U-4 you're describing. The U-6 adds all marginally attached (wants job, looked in last year by not last month, stopped looking for any reason) and those working part time for economic reasons.

    [Quote
    It also includes people who are looking for full time work but can only find part times jobs.
    Sort of. Part time for economic reasons means that the respondent wanted and was available to work 35+ hours but worked less than 35 due to slow or slack business or unable to find full time work. Many of those part time for economic reasons usually work full time, but hurt a slow period.
    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
    Yeah, yeah...more "blame the Republicans".

    You'll excuse me if I disregard that old, tired liberal tactic. I mean, after 6 freaking years of nothing but failure from the Democrats...that's all you got.
    I certainly do blame Republicans for their utterly failed policies. The fact that you don't is further reason why we can't afford to let the GOP govern in the future ever again.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by FaceofBachmann View Post
    I certainly do blame Republicans for their utterly failed policies. The fact that you don't is further reason why we can't afford to let the GOP govern in the future ever again.
    I neither blame nor not blame Republicans because they are not the ones who have been making and implementing policies for the last 6 years.

    Look, I know you don't want to place any responsibilities on the Democrats. That's why you have nothing except talking about Republicans. That's okay. We've seen this for 6 years from every liberal/progressive/Democrat from the President on down to you on this forum. But that doesn't make your avoidance something to laud. Personally, I'd be ashamed if my only way to defend the Republican's actions would be by talking about how bad the Democrats are...and I'm not even Republican.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mycroft View Post
    I neither blame nor not blame Republicans because they are not the ones who have been making and implementing policies for the last 6 years.

    Look, I know you don't want to place any responsibilities on the Democrats. That's why you have nothing except talking about Republicans. That's okay. We've seen this for 6 years from every liberal/progressive/Democrat from the President on down to you on this forum. But that doesn't make your avoidance something to laud. Personally, I'd be ashamed if my only way to defend the Republican's actions would be by talking about how bad the Democrats are...and I'm not even Republican.
    So, with the Republican controlled house, you don't place ANY blame on Republicans? Are you serious? Look, I know damn well the Dems are to blame for many things, but don't even try to sell the Republicans aren't responsible for ANYTHING bad.

    sounds like YOU are the one giving Republicans a 'free pass".

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mycroft View Post
    I neither blame nor not blame Republicans because they are not the ones who have been making and implementing policies for the last 6 years.

    Look, I know you don't want to place any responsibilities on the Democrats. That's why you have nothing except talking about Republicans. That's okay. We've seen this for 6 years from every liberal/progressive/Democrat from the President on down to you on this forum. But that doesn't make your avoidance something to laud. Personally, I'd be ashamed if my only way to defend the Republican's actions would be by talking about how bad the Democrats are...and I'm not even Republican.
    So your claim now is that Bush's tax cutting and deregulation had nothing to do with the recession. You're that desperate.

    Conseratives get their way entirely for 8 years, run the economy into a ditch, and what do you do -- blame Obama. Perfect.

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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.
    The way I see it, if the "unemployment rate" declines by any measure it's a step in the right direction. Only those who continue to harp on "what the numbers truly mean, what are the real unemployment numbers, unemployed -vs- under-employed, etc." make such distinctions only to win political points. Any time unemployment goes down it's a good thing.
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    Re: Current U-6 Unemployment Rate is 11.3%

    Fast forward to 2017 when there's a Republican President, and all of a sudden they'll fall out of love with these numbers.


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