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Unemployment Numbers and Jobs Graphs from the BLS

  1. tammybarnette profile image61
    tammybarnetteposted 4 years ago
  2. profile image0
    JaxsonRaineposted 4 years ago

    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.

    1. Josak profile image61
      Josakposted 4 years ago in reply to this

      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. profile image0
        JaxsonRaineposted 4 years ago in reply to this

        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.

    2. tammybarnette profile image61
      tammybarnetteposted 4 years ago in reply to this

      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?

      1. profile image0
        JaxsonRaineposted 4 years ago in reply to this

        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%.

        1. tammybarnette profile image61
          tammybarnetteposted 4 years ago in reply to this

          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

          1. profile image0
            JaxsonRaineposted 4 years ago in reply to this

            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.

            1. tammybarnette profile image61
              tammybarnetteposted 4 years ago in reply to this

              I mean the availabilty of jobs reguardless of who the POTUS will be...

        2. tammybarnette profile image61
          tammybarnetteposted 4 years ago in reply to this

          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...

          1. profile image0
            JaxsonRaineposted 4 years ago in reply to this

            All of the unemployment rates count 16+...

            As long as they are looking for work, or at least state that they want to work.

            1. tammybarnette profile image61
              tammybarnetteposted 4 years ago in reply to this

              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

              1. profile image0
                JaxsonRaineposted 4 years ago in reply to this

                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%.

                1. tammybarnette profile image61
                  tammybarnetteposted 4 years ago in reply to this

                  Jax, those three daughters I told you about, all have jobs, It is not hard to get a job here, not at all

                  1. profile image0
                    JaxsonRaineposted 4 years ago in reply to this

                    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.

                2. tammybarnette profile image61
                  tammybarnetteposted 4 years ago in reply to this

                  I believe it is are able to work, not want to work

                  1. profile image0
                    JaxsonRaineposted 4 years ago in reply to this

                    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.

        3. tammybarnette profile image61
          tammybarnetteposted 4 years ago in reply to this

          They are also not seeking...

          1. profile image0
            JaxsonRaineposted 4 years ago in reply to this

            Yup, a lot of people aren't seeking. If you've been looking for work for two years, you might be discouraged too.

            1. tammybarnette profile image61
              tammybarnetteposted 4 years ago in reply to this

              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...

              1. profile image0
                JaxsonRaineposted 4 years ago in reply to this

                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.

                1. profile image0
                  JaxsonRaineposted 4 years ago in reply to this

                  Also, the majority of the jobs that are being created right now are lower-paying, part-time jobs.

                  1. tammybarnette profile image61
                    tammybarnetteposted 4 years ago in reply to this

                    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

                2. tammybarnette profile image61
                  tammybarnetteposted 4 years ago in reply to this

                  No, I am saying they could have went back to school are joined a job training program...broad pictures

        4. tammybarnette profile image61
          tammybarnetteposted 4 years ago in reply to this

          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...

          1. profile image0
            JaxsonRaineposted 4 years ago in reply to this

            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.

            1. tammybarnette profile image61
              tammybarnetteposted 4 years ago in reply to this

              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...

              1. profile image0
                JaxsonRaineposted 4 years ago in reply to this

                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.

                1. tammybarnette profile image61
                  tammybarnetteposted 4 years ago in reply to this

                  I read that in the projections segment

                2. tammybarnette profile image61
                  tammybarnetteposted 4 years ago in reply to this

                  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 smile Mining is booming as well as oil production, as we are set to beat out the Saudis within 7 yrs

 
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