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Things will go up and things will go down. People have been using U-6 over and over as a last ditch attempt to say the economy is not improving after every other measure is showing that it is. Frankly a conclusion is something that should come from evidence, not something that stays static while people scrabble constantly for evidence to support it. I know this banging on U-6 has been pointed out to you before, and you seem to have not listened. Doom and gloomers have been looking for evidence of total economic collapse, or a never improving economy, since the 1960's...while the economy did its thing.
Quite frankly if you are worried about being chronically unemployed you should put more effort into things. You seem to bounce around from bar tending, to finance, to whatever is the easiest degree to get in business school, and now a professional coder that doesn't require a degree at all. No one knows what you want to do any more than you, and most employers aren't interested in some one that's going to jet for the horizon every year or if things get tough. The economy is tough for those who are just starting out, and remaining unfocused and lazy isn't helping you.
And the U6 is a much better measure of unemployment than U3. U3 doesn't take into account the people who have given up looking for work or those who can only find part time work but want to work full time.
Economies go up, economies go down. It is a never ending cycle, and should not be a surprise to anyone.
Clever people figure out a way to make money in a down cycle. They then have a different way to make money in an up cycle.
One thing that has been proven multiple times to not work in a down cycle is to sit around drinking wine by the bottle and waiting for someone to come and knock on your door and offer you a high paying job.
Actually, thinking about it further, that doesn't work well in an up cycle, either.
And that isn't what I am doing either, smart one. After I complete my move in two weeks you can bet I will be searching until dawn till dusk for employment. Right now, I am focusing on the last pieces of my CPC certification.
And watching a movie with a bottle of wine is a rather pleasant thing to do. You should try it sometime.
After my bottle of wine this evening, I began to have a heavy heart about our economy. Everyone, we have been in a rut for at least the past six years. Do you all really think things will ever get good again? I am so sad because I feel like so much of my life has been absorbed by this ruthless recession and economy. I am 25 years old. As an adult, I have truly never seen good economic times. I have a bachelors degree in Business Management and all I did after graduation was sit idol in unemployment. I threw my applications into a black hole it seemed. I finally found a job and have been there for the past year but I just left two Friday's ago because I need to move to a new state. Will I be chronically unemployed again? Next week, I take my CPC certification exam but what is the point? Will it really make my life better? Lets be honest, it won't. Why try to improve yourself in a world that is so broken?
The long term trend in growth as measured in GDP % gain per capita per year is about 1.8% post WWII the best fit is 2.0% The Great depression didn't represent a deviation from the long term trend line. For the post WWII economic boom to not represent a deviation then we need a very bad economy for a very long time. Get use to it.
There are some things that we can be doing to make the pain less and shorter. If you want to talk about it.
I don't sit idle, thank you. Every day of my life I dedicate some or most of my time to better myself. Today, as I have been nearly every day I will spend hours studying for my CPC certification. I look forward to being done with it next week as it has been a long tough year working full time and studying for it during the evenings.
And I LOVE wine. Don't tell me I can't have any. You seemed to have missed the whole point of my post which was to talk about if the economy will ever get better. This topic is NOT about ME.
Then why did you write: "All I did after graduation was sit idol (sic)"? What exactly did you mean by this? If the topic is not about YOU, then why so many sentences about all the woes in your life?
I LOVE wine also, but I don't drink an entire bottle and then go create "woe-is-me" threads. I was hoping that was your wine talking, but maybe not. Your attitude sounds self-defeating - complaining about the economy and waiting for something to happen to you. Life is tough for many, suck it up (not the wine). You are not owed anything.
Unfocused and lazy my ASS! How much a jerk can you be? I graduated college, have five years of work experience and continued my education to become a CPC while working full time for the past year and you call me lazy? Go to HELL JACKASS!
Then why did you write: "All I did after graduation was sit idol (sic)"? What exactly did you mean by this? If the topic is not about YOU, then why so many sentences about all the woes in your life?
I LOVE wine also, but I don't drink an entire bottle and then go create "woe-is-me" threads. I was hoping that was your wine talking, but maybe not. Your attitude sounds self-defeating - complaining about the economy and waiting for something to happen to you. Life is tough for many, suck it up (not the wine). You are not owed anything.
That piece isn't accurate, though I do see now that I put it in my original post. I had send out hundreds upon hundreds of resumes after graduating back in 2011. Finally I got a bite and I held that job for a whole year. I just left two weeks ago because I am in desperate need of personal changes. I really liked the job though.
With my credentials and extroverted personality I think I am more than equipped to find full time employment. You think that people with degrees and certifications shouldn't feel entitled to full time work?
And this is isn't a woe-is-me thread. This is a woe-is-the-economy thread. Millions are suffering and have been for over six years.
If you take the amount paid out for unemployment and the unemployment rate divide one by the other then the rate use to correlate nicely. Then after 2007 they start to diverge. Something like a 50% divergence at the peek. Now we are having a new bubble. I hate bubbles all they do is pop.
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And this is isn't a woe-is-me thread. This is a woe-is-the-economy thread. Millions are suffering and have been for over six years.
And they will for the foreseeable future
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