Why has the unemployment rate gone down?
But more jobs are now requiring at least an associates degree for a 9-5?
Unemployment rate has continuously gone up rather than gone down... in Canada at least.
This is because of the elderly taking part time jobs after they retire from their full time jobs and also because of the "neet generation" which is essentially teenagers/young adults that are not in employment, education, or training of any sort.
For many careers these days, an associates degree is the equivalent of a high school diploma. Add to that the fact that a large number of Americans have no college degree and no trade school certificates and you see why many people of all ages and backgrounds have no skills, knowledge or experience to compete successfully for the better to best paying careers/jobs.
Also, what the media does not discuss is the fact that millions of people have and continue to drop out of the workforce for the aforementioned reason. Those in media spin it (lie) and cheerfully say that unemployment has gone down but they do not say all of the true reasons as to why. A large number of Americans are not able to find a job or even multiple jobs that meet their financial and/or other needs and since the recession began those getting disability payments and those getting social security has increased significantly whether there is a legitimate need or not.
Unemployment benefits only last so long. So, when someone's benefits run out, they are no longer considered 'unemployed'. At least from a statistical standpoint. So, modest job creation, plus chronically unemployed losing benefits, equals a lower unemployment rate.
unemployment rate has gone up here too, if your country has gone down, you should be happy,
I would be happy if it was true. What I have seen it has gone up but they say has the United States Of America as a whole that it has gone down. I don't see that being true and how can they calculate everyone?
More and more people in the United States are becoming unemployed because there are not any jobs available for people any more. The people VS available job ratio is unequal and technology continues to replace people in the job industry.
Employment rate only calculates people active in jobs or seeking jobs. If you're not seeking or in a job then you're not on the radar. The number of people who have fallen off the radar has likely increased.
The unemployment rate can go down for any number of different reasons. Obviously, it goes down when more people have jobs, or when the Labor Force Participation Rate shrinks. If more people leave the work force (retirement, whatever the reason may be), their absence constitutes a shrinkage in the LFPR, making it appear that the unemployment rate has gone down.
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Is it better to have a negative unemployment rate?
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