U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-21-2013, 12:19 PM
 
1,005 posts, read 1,258,183 times
Reputation: 1345

Advertisements

According to an article in today's LA Times, the CA unemployment rate dropped to 8.6%. While still high, at least it's going in the right direction. I wonder how low it will ever go as there are just too many people in the state. Oh well, I'll worry about that another day and just enjoy this bit of good news!
Sorry about the lack of a link; the library computer I'm using doesn't allow copy and paste.
Reply With Quote Quick reply to this message

 
Old 06-21-2013, 12:24 PM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 82,809,176 times
Reputation: 17500
I posted the link on the Orange County (5.5%) forum

California Counties: California’s unemployment rate by county - Data Desk - Los Angeles Times
Reply With Quote Quick reply to this message
 
Old 06-21-2013, 12:43 PM
 
1,005 posts, read 1,258,183 times
Reputation: 1345
Many thanks Charles!
Reply With Quote Quick reply to this message
 
Old 06-21-2013, 03:01 PM
 
Location: San Francisco Bay Area
12,470 posts, read 14,953,510 times
Reputation: 12025
Great news!
Reply With Quote Quick reply to this message
 
Old 06-21-2013, 06:40 PM
 
Location: Columbia, California
6,662 posts, read 26,215,764 times
Reputation: 5088
They base numbers on EDD claims. People who have ran out of claim benefits are considered employed.
Reply With Quote Quick reply to this message
 
Old 06-21-2013, 11:44 PM
 
8,944 posts, read 8,045,001 times
Reputation: 19427
An article everyone should read, not just look at the U3 unemployment figures and cheer.

The real unemployment rate in California the U6 rate is, almost 19%, which is just over twice the published U3 figure.

Alternative Measures of Labor Underutilization for States

And note that Los Angeles County is over 10% U3 rate and and over 20% unemployed using the real unemployment rate, which is 5% above New York City #2 highest major city.

Look at the below, and find what is really happening in California and understand why.

Mort Zuckerman: The Jobs Picture Is Far Worse Than It Looks - US News and World Report

Low unemployment rates are only in part of California, with high unemployment rates in much of California that are above the new U3 unemployment rate as shown in the above county link. That is not good.

A good article about how the government statistics such as the U3 rate are very misleading.

http://www.mtdemocrat.com/news/econo...cs-misleading/

Graph on National difference between the U3 and U6 rates.

http://www.nojobsurvivor.com/graphs-...ation-123.html

The true unemployment statistics for nation.

Alternate Unemployment Charts

The real unemployment rate in California the U6 rate is, almost 19%, which is just over twice the published U3 figure.

Alternative Measures of Labor Underutilization for States

And note that Los Angeles County is over 10% U3 rate and and over 20% unemployed using the real unemployment rate, which is 5% above New York City #2 highest major city.
Reply With Quote Quick reply to this message
 
Old 06-22-2013, 10:59 AM
zdg
 
Location: Sonoma County
841 posts, read 1,703,202 times
Reputation: 1123
While the U6 may in fact be useful, you must be fully aware that you lose 90% of your potential readers when you choose to source an extreme right wing conspiracy theorist with virtually no credibility otherwise. If everyone listened to John Williams (your source), they'd have just lost literally one quarter of their nest eggs in the last 6 months in the gold market.

EDITED TO ADD: It just occurred to me that you might very well be John Williams, in which case...you've done an outstanding job of advertising your website on city-data.

Last edited by zdg; 06-22-2013 at 11:01 AM.. Reason: (reason in post)
Reply With Quote Quick reply to this message
 
Old 06-22-2013, 03:09 PM
 
841 posts, read 1,079,944 times
Reputation: 778
Quote:
Originally Posted by oldtrader View Post
An article everyone should read, not just look at the U3 unemployment figures and cheer.

The real unemployment rate in California the U6 rate is, almost 19%, which is just over twice the published U3 figure.

Alternative Measures of Labor Underutilization for States

And note that Los Angeles County is over 10% U3 rate and and over 20% unemployed using the real unemployment rate, which is 5% above New York City #2 highest major city.

Look at the below, and find what is really happening in California and understand why.

Mort Zuckerman: The Jobs Picture Is Far Worse Than It Looks - US News and World Report

Low unemployment rates are only in part of California, with high unemployment rates in much of California that are above the new U3 unemployment rate as shown in the above county link. That is not good.

A good article about how the government statistics such as the U3 rate are very misleading.

http://www.mtdemocrat.com/news/econo...cs-misleading/

Graph on National difference between the U3 and U6 rates.

Unemployed. Underemployed. Here. Gallery - Category: Graphs, Stats and Charts - Image: U3-U6 Unemployment Situation | NoJobSurvivor.com NoJobsurvivor

The true unemployment statistics for nation.

Alternate Unemployment Charts

The real unemployment rate in California the U6 rate is, almost 19%, which is just over twice the published U3 figure.

Alternative Measures of Labor Underutilization for States

And note that Los Angeles County is over 10% U3 rate and and over 20% unemployed using the real unemployment rate, which is 5% above New York City #2 highest major city.
According to the graph in the site you quoted, the U6 rate is also coming down. So why not cheer about that? The point is that however one measures unemployment, it is getting better.
Reply With Quote Quick reply to this message
 
Old 06-22-2013, 05:03 PM
 
8,944 posts, read 8,045,001 times
Reputation: 19427
What type of jobs are being created is the big question.

How the recession turned middle-class jobs into low-wage jobs

But what is the quality of the new jobs that are being created in California. Big problem, California is still losing STEM jobs, which are the core of the better jobs that are being created.

States with Largest Presence of STEM-Related Jobs | Newgeography.com

An intensive study, that shows why California is heading to future problems, and how things like the brain drain is moving people that fill STEM quality jobs are leaving California for the employment meccas of the future.

Civic Report 75 | AMERICA'S GROWTH CORRIDORS: The Key to National Revival

Two articles that indicate problems developing for the better, higher paid jobs.

The Top U.S. Regions for Technology Jobs | Joel Kotkin

America's Red State Growth Corridors | Joel Kotkin

California is not training young people for the jobs of the future. California has fallen fallen to 45th in the nation, recently awarding 40 percent fewer degrees in science and engineering than the national average. The brightest are not getting educated in California any longer, or planning on working there. This is one reason the STEM jobs are leaving the state, and the reason the young are going to other states to have a future.

http://cdn.americasedge.org/clips/CA...lsReport-5.pdf

In other words, California is seeing a lowering of unemployment due to:

Here are the 10 most common jobs in America today. When one of these is filled in Ca it helps lower the unemployment rate.

Wages stink at America's most common jobs - Apr. 1, 2013

In other words, some reasons California is seeing a lowering of unemployment rate is due to:

*Part time jobs. Many part time jobs, people take out of desperation as unemployment benefits run out. Many of the companies have already announced they will be cutting hours for the majority of their employees to under 27 hours, to beat the high cost of Obamacare for full time employees.

*People that have withdrawn from seeking jobs, as they have given up looking for work.

*People taking jobs far below their education and experience, just to bring in some money when benefits run out.
Reply With Quote Quick reply to this message
 
Old 06-22-2013, 05:19 PM
zdg
 
Location: Sonoma County
841 posts, read 1,703,202 times
Reputation: 1123
Again, I'd be a lot more inclined to side with you or believe a word you're saying, but you seem to primarily quote far right wing extremist links. Certainly if what you're saying is correct (and I'm not saying it isn't), you can find some politically neutral sites to source. It's virtually impossible to take any of those links seriously (I'd say the same thing if all your sources were from extreme far left think tanks).
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top