|
|
| Why the unemployment rate is dropping (1298237) | |
 |
|
| Home > OTChat | |
[ Post a New Response | Return to the Index ]
[1 2] |
||
|
|
Page 1 of 2 |
|
|
| (1298237) | |
Why the unemployment rate is dropping |
|
|
Posted by Dave on Sun Jul 5 07:42:02 2015 The unemployment rate didn't fall in June because more people were hired. The rate fell solely because the number of people who had become dispirited and stopped looking for work far exceeded the number who found jobs.The percentage of Americans in the workforce - defined as those who either have a job or are actively seeking one - dropped to 62.6 percent, a 38-year low, from 62.9 percent. (The figure was 66 percent when the recession began in 2007.) Fewer job holders typically mean weaker growth for the economy. The growth of the labor force slowed to just 0.3 percent in 2014, compared with 1.1 percent in 2007. U.S. job market just isn't what it used to be. |
|
|
| (1298238) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by mtk52983 on Sun Jul 5 08:02:57 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. Actually the article you linked listed a number of other factors. As the vast baby boomer generation retires and lives longer they will not be considered in the workforce even if they are still able to work. For example, chicagomotorman is not considered in the workforce although he is quite capable of working. Also younger generations are realizing that many careers require more than a college degree so rather than entering the workforce at 22-23 they are now closer to 25-30 |
|
|
| (1298296) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 17:46:09 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. You should go back to work ... to help America. :) |
|
|
| (1298306) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Sun Jul 5 18:15:30 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 17:46:09 2015. Meh...work is a four-letter word! |
|
|
| (1298308) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 18:37:46 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 18:15:30 2015. Well then, there's the answer to why. Ya gotta love how you're being used to blame the economy. :) |
|
|
| (1298311) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by R2ChinaTown on Sun Jul 5 18:40:57 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. Inconvenient truth. Who do you think you are, Al Gore? |
|
|
| (1298317) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by chicagomotorman on Sun Jul 5 18:45:26 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 17:46:09 2015. Help America. Vote Republican. |
|
|
| (1298323) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 18:51:01 2015, in response to Re: Why the unemployment rate is dropping, posted by chicagomotorman on Sun Jul 5 18:45:26 2015. No, that's helping CHINA. :( |
|
|
| (1298333) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by salaamallah@hotmail.com on Sun Jul 5 19:00:52 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 18:51:01 2015. iawtp |
|
|
| (1298337) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 19:04:06 2015, in response to Re: Why the unemployment rate is dropping, posted by salaamallah@hotmail.com on Sun Jul 5 19:00:52 2015. Mandarin is a tough language to learn. All loyal republicans really need to get going on that. :) |
|
|
| (1298341) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by salaamallah@hotmail.com on Sun Jul 5 19:05:51 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 19:04:06 2015. yepiawtp |
|
|
| (1298343) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 19:06:33 2015, in response to Re: Why the unemployment rate is dropping, posted by salaamallah@hotmail.com on Sun Jul 5 19:05:51 2015. Hello: Ni-hao.Pronounced "nee-how". Now YOU can be a republican too! :) |
|
|
| (1298352) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by salaamallah@hotmail.com on Sun Jul 5 19:16:27 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 19:06:33 2015. no thxpass |
|
|
| (1298354) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 19:19:22 2015, in response to Re: Why the unemployment rate is dropping, posted by salaamallah@hotmail.com on Sun Jul 5 19:16:27 2015. Summer: Xia tianPronounced "Shia Teeyan" Now you can go into the diplomatic service. :) |
|
|
| (1298368) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Nilet on Sun Jul 5 19:53:45 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. Don't forget that the underemployed play a large role in reducing the official numbers.If you have a college degree and you work part time for minimum wage, you're still counted as "employed." Since most of the jobs added to the economy over the last few years have been minimum wage, part time, or both, I'd suspect that this skews the numbers considerably. |
|
|
| (1298390) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by 3-9 on Sun Jul 5 20:19:46 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 19:04:06 2015. Nah, they think all Chinese learned how to speak Engrish. :-) |
|
|
| (1298394) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by chicagomotorman on Sun Jul 5 20:19:52 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 17:46:09 2015. Help America. Vote Republican. |
|
|
| (1298410) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 20:27:53 2015, in response to Re: Why the unemployment rate is dropping, posted by 3-9 on Sun Jul 5 20:19:46 2015. Gotta love the republican mindset. Got a new neighbor that moved in, real estate person said they're Japanese and real nice. Turns out they're Korean and real nice. Ah well ... they all look the same, right? :) |
|
|
| (1298422) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Olog-hai on Sun Jul 5 20:55:05 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. Real unemployment rate now at 37 percent. |
|
|
| (1298424) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Olog-hai on Sun Jul 5 20:56:08 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 18:15:30 2015. Why is the word for "work" a six-letter word in Spanish, French and German? |
|
|
| (1298427) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 21:05:15 2015, in response to Re: Why the unemployment rate is dropping, posted by Olog-hai on Sun Jul 5 20:55:05 2015. So then we're actually worse off than Greece and your side is still demanding austerity? Hmmm ... look at how that's working out. |
|
|
| (1298429) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by mtk52983 on Sun Jul 5 21:17:24 2015, in response to Re: Why the unemployment rate is dropping, posted by Olog-hai on Sun Jul 5 20:56:08 2015. Trabajo is 7 letters |
|
|
| (1298432) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Sun Jul 5 21:28:46 2015, in response to Re: Why the unemployment rate is dropping, posted by Olog-hai on Sun Jul 5 20:56:08 2015. Why does that matter? |
|
|
| (1298433) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Sun Jul 5 21:30:58 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 20:27:53 2015. We're all alike to the Japanese - we're all gaijin |
|
|
| (1298434) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SMAZ on Sun Jul 5 21:32:16 2015, in response to Re: Why the unemployment rate is dropping, posted by Olog-hai on Sun Jul 5 20:55:05 2015. so get a job. |
|
|
| (1298436) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 21:40:05 2015, in response to Re: Why the unemployment rate is dropping, posted by mtk52983 on Sun Jul 5 21:17:24 2015. Republican math. :) |
|
|
| (1298437) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by 3-9 on Sun Jul 5 21:44:33 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 21:30:58 2015. They generally distinguish between Brits and Americans, though. They may have more trouble with Canadians. |
|
|
| (1298440) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Sun Jul 5 21:51:54 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 21:30:58 2015. Or even to themselves. There's Nisei, Sansei, Yonsei and so on who aren't quite Japanese anymore because they left the islands. Know the score, I first worked for a Japanese company back in 1969. |
|
|
| (1298457) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Sun Jul 5 23:32:21 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Sun Jul 5 21:51:54 2015. What does the real estate agent have to do with Republicans? |
|
|
| (1298472) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Mon Jul 6 00:33:05 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 23:32:21 2015. Just so happens, she's a chairwoman in this county. But hey ... no worries. We all know that republicans aren't racists. LOL |
|
|
| (1298473) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SelkirkTMO on Mon Jul 6 00:34:35 2015, in response to Re: Why the unemployment rate is dropping, posted by SelkirkTMO on Mon Jul 6 00:33:05 2015. Hey! I wonder if she checked for a green card? LOL |
|
|
| (1298532) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by orange blossom special on Mon Jul 6 13:36:12 2015, in response to Why the unemployment rate is dropping, posted by Dave on Sun Jul 5 07:42:02 2015. You have to hand it to the demonkkkrats. The nazi's had to physically kill people to lower the unemployment rate, the satan sandwich of our leftist just ignore them. |
|
|
| (1298600) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by WillD on Mon Jul 6 17:02:35 2015, in response to Re: Why the unemployment rate is dropping, posted by Olog-hai on Sun Jul 5 20:55:05 2015. What is your source for this assertion? |
|
|
| (1298633) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Mon Jul 6 18:31:11 2015, in response to Re: Why the unemployment rate is dropping, posted by WillD on Mon Jul 6 17:02:35 2015. BLS has it at 10.5% as of June 2015. See line U-6:http://www.bls.gov/news.release/empsit.t15.htm Olog's 37% is the approximate difference between 100% and the labor force participation rate of 62.6%. |
|
|
| (1298638) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by mtk52983 on Mon Jul 6 18:51:04 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Mon Jul 6 18:31:11 2015. Except the labor force participation rate can only be considered 100% if people like my 91 year old grandmother or my other grandmother who has severe dementia had jobs so to say a 37% unemployment rate is disingenuous you would admit |
|
|
| (1298640) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by AlM on Mon Jul 6 18:54:47 2015, in response to Re: Why the unemployment rate is dropping, posted by mtk52983 on Mon Jul 6 18:51:04 2015. And CMM, for example, had the option to continue working. He would have earned more money and been able to spend more and create jobs, but no, he chose not to. It seems rather inane to consider him "unemployed." |
|
|
| (1298642) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Mon Jul 6 18:57:21 2015, in response to Re: Why the unemployment rate is dropping, posted by mtk52983 on Mon Jul 6 18:51:04 2015. No.The labor force participation rate is the percentage of working-age persons in an economy who either are employed or are unemployed but looking for a job. Typically "working-age persons" is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired. |
|
|
| (1298644) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by mtk52983 on Mon Jul 6 19:01:42 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Mon Jul 6 18:57:21 2015. Okay so people like chicagomotorman who are capable of working but don't, students, etc., but that still doesn't change that 100% is never feasible unless you want people dropping out of school |
|
|
| (1298716) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by WillD on Tue Jul 7 00:37:01 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Mon Jul 6 18:31:11 2015. No, the U-3 is commonly used as unemployment and the BLS has that at 5.3%. U-6 is not commonly used, and introducing it at this point only serves to confuse the issue.Of course as soon as we get a Republican president, if ever, all this talk of U-6 unemployment rates and total labor force participation rates will disappear in a haze of intellectual dishonesty and willful ignorance. Then you fools will start trotting out the U-1 rate to show how great a job President Paul is doing. |
|
|
| (1298718) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by AlM on Tue Jul 7 00:43:39 2015, in response to Re: Why the unemployment rate is dropping, posted by WillD on Tue Jul 7 00:37:01 2015. U-6 or some other measure of all those not employed, including those not looking, is a valid item for consideration as long as it is considered with care. One needs to ask, why are so many people not looking for work?To the extent that they are like CMM and have chosen not to bother, that's fine, even if slightly unfortunate. The country would be better off if CMM were still earning and spending more money. But to the extent that they have gotten so discouraged they don't bother to look any more, it's worse. Not that we ever get any serious examination of this issue from cosnervatives. |
|
|
| (1298725) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by WillD on Tue Jul 7 01:35:35 2015, in response to Re: Why the unemployment rate is dropping, posted by AlM on Tue Jul 7 00:43:39 2015. U-6 or some other measure of all those not employed, including those not looking, is a valid item for consideration as long as it is considered with care.That's true, but IMHO this is the critical part of what you wrote: Not that we ever get any serious examination of this issue from conservatives. You won't get a serious examination of the driving forces behind various employment statistics because nothing could be further from their interest. The partisan use of the U-6 unemployment rate is purely driven by finding a statistic that makes the recovery from the Bush recession look less successful than it's actually been. We never heard anything about the U-6 rate prior to 2009, and we won't hear anything about it from those sources after a Republican president is elected. Just look at the ignorant abuse of the labor participation rate, to the point where one fool is now claiming the reciprocal of that is the "true" unemployment rate. They're desperate for anything to claim the Obama administration hasn't cleaned up Dubya's mess, and that extends to using statistics in the most dishonest manner possible. |
|
|
| (1298742) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Tue Jul 7 07:50:06 2015, in response to Re: Why the unemployment rate is dropping, posted by WillD on Tue Jul 7 00:37:01 2015. Yes, the government reports from U-3 on the unemployment rate. But many economists look at U-6 for a truer picture of unemployment. |
|
|
| (1298743) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by AlM on Tue Jul 7 08:08:08 2015, in response to Re: Why the unemployment rate is dropping, posted by WillD on Tue Jul 7 01:35:35 2015. one fool is now claiming the reciprocal of that is the "true" unemployment rateReciprocal? Wouldn't that be a rate greater than 100%? |
|
|
| (1298752) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by R2ChinaTown on Tue Jul 7 08:55:48 2015, in response to Re: Why the unemployment rate is dropping, posted by WillD on Tue Jul 7 01:35:35 2015. So then you are claiming that the facts arenot really the facts or is it that they are inconvenient truths becsuse they don't support the obama narrative? |
|
|
| (1298757) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by SMAZ on Tue Jul 7 09:25:20 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Tue Jul 7 07:50:06 2015. why weren't you looking at the U-6 during both Bushes or during the Reagan Administration? |
|
|
| (1298761) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Fred G on Tue Jul 7 09:35:03 2015, in response to Re: Why the unemployment rate is dropping, posted by SMAZ on Tue Jul 7 09:25:20 2015. Because it's a truer picture of unemployment :)your pal, Fred |
|
|
| (1298774) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by bingbong on Tue Jul 7 10:24:18 2015, in response to Re: Why the unemployment rate is dropping, posted by Fred G on Tue Jul 7 09:35:03 2015. Actually, they didn't back in the Reagan & B/bush years because the number was too big to count on fingers and toes. |
|
|
| (1298778) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Dave on Tue Jul 7 10:37:55 2015, in response to Re: Why the unemployment rate is dropping, posted by SMAZ on Tue Jul 7 09:25:20 2015. Because it was lower during the Bush administration than the Obama administration. The data isn't available for during the Reagan administration (it was first reported in 1994).LOL!! WABB!  |
|
|
| (1298786) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by bingbong on Tue Jul 7 10:51:47 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Tue Jul 7 10:37:55 2015. It was lower during the Clinton administration that the bush regime. |
|
|
| (1298796) | |
Re: Why the unemployment rate is dropping |
|
|
Posted by Fred G on Tue Jul 7 11:18:48 2015, in response to Re: Why the unemployment rate is dropping, posted by Dave on Tue Jul 7 10:37:55 2015. Look where it spiked up in 2008 LOLyour pal, Fred |
|
|
[1 2] |
||
|
|
Page 1 of 2 |
|