This is good news (I lean left)
This is good news (I lean right)
This is good news (I'm a centrist)
This is bad news (I lean left)
This is bad news (I lean right)
This is bad news (I'm a centrist)
This is mediocre news (I lean left)
This is mediocre news (I lean right)
This is mediocre news (I'm a centrist)
This is something else (Post and Elaborate)
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes
Lowest unemployment rate since before the Bush recession. Definitely good news.
The vast majority of people who are not participating are not participating for good reasons. They're 17 year old high school students who aren't working because they're in school, they're medical school students, they're homemakers supported by their spouse, they're 78 year old retirees, etc. The perception that non-participating means that you gave up looking for work and just sit around on welfare is ridiculously far off base. The census measures how many people are in that category- discouraged workers. It is just around 0.5% of the population. That is up a bit from say 2006 when it was 0.4%, but that difference is pretty much negligible. It's just the inevitable consequence of a big recession that some people- in this case, a tiny number of people- will give up on the economy.
I guess it's the minority? I'm sure other people do it.
"Don't care. I don't care about polar bears, and I don't care about people who think our policies should be dictated by the effects on polar bears. Polar bears are basically Ice Monsters. Like that thing in the second Star Wars movie. **** em. And anything with more than four legs." -Deuce
Strong job growth, but a mixed bag overall. As far as longer term trends go, it isn't much of a barn-burner, but positive nonetheless.
https://www.whitehouse.gov/sites/def...ion_report.pdfSince the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to
62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the
Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed
to three main sources:
About half of the decline (1.6 percentage point) is due to the aging of the population.
Because older individuals participate in the labor force at lower rates than younger
workers, the aging of the population exerts downward pressure on the overall labor force
participation rate. While older workers today are participating in the labor force at higher
rates than older workers of previous generations, there is still a very large drop-off in
participation when workers enter their early 60s.
Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields
It is absolutely meaningless since the statistics are so juggled. Just because you stop COUNTING some people, it does not mean that they are no longer unemployed. The Labor Participation Rate is a much more accurate figure and it is the WORST in decades.