http://data.bls.gov/timeseries/LNU04032 … ol=XGtable Unemployment Rate-Manufacturing
http://data.bls.gov/timeseries/BDS00000 … ol=XGtable Job Gains
http://data.bls.gov/timeseries/ENUUS000 … ol=XGtable Financial Activities/Federal Govt
http://data.bls.gov/timeseries/ENUUS000 … ol=XGtable Financial Activities/Private Sector
http://data.bls.gov/timeseries/CES10000 … ol=XGtable Logging and Mining
http://data.bls.gov/timeseries/CES60000 … ol=XGtable Proffesional and Business services
Unemployment graphs sure look good if you stop counting unemployed people as unemployed, don't they?
Pre-2008/Post-2008 comparisons on unemployment/employment rates will never work, at least probably not for the next 10 years or so. U3 just doesn't tell the same story that it used to.
Aren't you conservatives supposed to be all about personal responsibility? To not qualify for U3 the individual needs to have not even LOOKED for a job in 2 months sorry but in my book if someone goes two months without even looking for a job they are on vacation or not interested not unemployed.
1 - If you run out of benefits, you are no longer counted. Nothing about personal responsibility there.
2 - If the job situation is bad enough that you stop looking after 2 years of not being able to find one, that isn't an indication that things are getting better. A lot of these situations are with multiple income earners in the family. They can get by with just one income, but the stress, time, effort, and money of the second person continuing to look for a job is no longer worth it.
Jax, the graphs show clearly we are slowly climbing out of the hole, these graph prove Obama's policies are working, You can clearly see the bubble build and burst...What do you mean, the BLS is somehow slanted and has stop using the entire population?
No, I mean
1 - If someone runs out of unemployment benefits(what is it, 95 weeks?), they are no longer counted as unemployed.
2 - If someone stops looking for work because they are discouraged, they are no longer counted.
3 - If someone who was making $150k/year takes a job at McDonalds while they continue to look for a real job, they are no longer counted.
U3 doesn't mean what it used to. Before 2008, there was U3, and U6 would be about 3-4% behind it. Now, U6 is about 7% behind U3...
For a better overview of the job situation, look at the employment numbers, and look at the labor force participation rate.
If we counted U3 like we did in 2005, we would be above 10%.
Jax, I was also reading the projections of 2010-2020, with baby boomers retiring, Replacement Needs will see the most openings...I believe the bleak forcast being painted by the right is completey untrue
When someone retires, they are no longer counted in the labor force, so they have no impact whatsoever on the unemployment rate, or labor force participation rate.
By the way, doesn't the U6, as my stats also indicate, count persons from 16 and up? MANY 16 yr olds are not working these days, many all through college are not as well...
All of the unemployment rates count 16+...
As long as they are looking for work, or at least state that they want to work.
Well you and I both know how much society has changed in that aspect, I made my kids work at 16, out of three daughters, none of their friends worked...many kids in college do not work as well...and many people have went back to college or work training programs
These rates only include people who want to work.
Yeah, less young people are looking for work, because it can be impossible to find. The unemployment rate for 18-19 year olds is almost 24%.
Jax, those three daughters I told you about, all have jobs, It is not hard to get a job here, not at all
Everywhere is different, you have to look at the nation as a whole. There aren't 24% unemployed teens because there are too many jobs.
Again many say they are looking, yesterday one of my daughters was complaining how one of her friends was constantly mooching off of her, she told her to get a job, her friend said she was trying, my daughter named three places hiring as her friend looked sheepish...human nature
I believe it is are able to work, not want to work
No. All of the unemployment rates have to do with desire to work. U3 is people who want a job and have looked within the last 8 weeks or something. U6 includes people who haven't looked in the past 8 weeks, but still want a job.
Able to work is the labor force.
I understand, so this is the percentage of the labor force?
Both U3 and U6 are calculated as a percentage of the labor force.
So if someone is able to work, but not interested, they are counted in the force, but not the unemployment rate. If someone is interested, but discouraged, they are counted in U6.
Yes understood the discouraged but didn't know the willing over able part...However, once again to human nature, many do not really want to work. I know people turning down jobs just to take an extended vacation and draw unemployment, but if your drawing your are suppose to be looking, but I have seen personally for this to not be the case...many are just kicking back and taking all of their unemployment...There is a broader picture to the American "condition"
Yup, a lot of people aren't seeking. If you've been looking for work for two years, you might be discouraged too.
Jax, you are painting bleak pictures that are not true, do you know how many folks will sit on their tail and draw unemployment till it runs out rather than get a job...I realize some parts of the country and some sectors were hardest hit, but numbers do not lie...
Numbers don't lie, but you have to understand the numbers.
If it's just about the unemployment benefits, then why don't people start looking for work when they run out? Most people have to show they are looking for work to keep their benefits.
You seem to be saying the millions that are in U6 but not U3 are there just because... they aren't getting anything from not drawing unemployment.
Also, the majority of the jobs that are being created right now are lower-paying, part-time jobs.
Since 2001 42,400 manufacturing jobs left for China http://prospect.org/article/plight-amer … ufacturing
This was befor the recession, people need to view full pictures Jax, especially when they are standing to vote for another one just like W
Yup, China has been cheating for a long, long time.
Trying to say that Romney is just like W... just shows you don't understand Romney's policies. I'm sorry, but that's the simple truth. Their economic policies are drastically different.
I understand his tax cuts, same...I understand loopholes will screw middle class, I understand de-regulation that created the huge fall, I understand taking women's and gays rights, I understand what he has put out there quite well....and i believe him to be war happy, since he has already taken on W's advisors?
Tax cuts... not the same.
How will loopholes screw the middle class?
What de-regulation will Romney do that will hurt? Romney has stated that regulations are essential to a free market.
I know what he says now that he has shifted center, but Wall Street needs heavy regulation, all banks need strong regulations, And we were talking before about the loopholes, he wasn't clear on any number, many middle class citizens count on the mortgage deductions, marriage deductions, child deductions, and school...College costs are outrageous, Obama took the student loans away from the banks, and set the repayment to match their rising income levels at the lowest int. rate, Romney will undo this and give it back to the banks...
China is only copying our model and about to have the same downfall...Our companies leaving to increase their profit margins and take advantage of the lower pay wage and lower regulation is wrong, and the human nature I am speaking about; American buying cheaper products that knowingly came from China yet complaining they steal our jobs, human nature...Romney will not change human nature, He will use it the same way the GOP has for decades
Not jobs, companies.,,millions of jobs
No, I am saying they could have went back to school are joined a job training program...broad pictures
Did you look at the jobs graphs? Did you see that logging and mining are doing better than ever...Did you see the biggest loss of jobs were Fed jobs as compared to private sector(financial industries),I forgot to grab the healthcare industry, it's booming...
Yeah, I've looked at them.
The average of all sectors is keeping up with increase in population... nothing more.
Some do better, some do worse.
But overall, our economy is far from booming. We're closer to stagnation than real growth.
I know we are not booming, but climbing out we are...I also read about the population rate has slowed down...Look also to the numbers in W's time...
I'd have to look to be certain, but I believe our average job growth for the last year has matched the increase in population. Nothing more.
I read that in the projections segment
Did you see the amazing graph of mining and logging? Romney trying his best to convince VA's their economy is failing, their UR is 5.9%, and please look at that graph, wow Mining is booming as well as oil production, as we are set to beat out the Saudis within 7 yrs
by Eugene Hardy4 years ago
Specifically, you have run out of benefits and you still can not find a job?
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