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How much job growth can there be? Unemployment is about 5%. Unemployment for college level jobs has been 3% for a long time. There are not that many people left to hire and even less if we look at those jobs requiring college of other skilled workers.
Yes, and let's be brutally honest here. Our society has a lot of people who are largely unemployable due to drug and alcohol issues, felony convictions, etc. You also have to take into account decent folks who suffer from medical limitations but are not on disabilities, illiteracy, and those who live in rural areas with little or no job opportunities, such as much of Appalachia, the rural sections of the Deep South, and the rural West. but who cannot relocate. Five percent use.ployment is probably pretty close to full employment
Yes, and let's be brutally honest here. Our society has a lot of people who are largely unemployable due to drug and alcohol issues, felony convictions, etc. You also have to take into account decent folks who suffer from medical limitations but are not on disabilities, illiteracy, and those who live in rural areas with little or no job opportunities, such as much of Appalachia, the rural sections of the Deep South, and the rural West. but who cannot relocate. Five percent use.ployment is probably pretty close to full employment
I'm from Appalachia and even though the unemployment rate is comparatively high, many of the folks out of work are, as you say, virtually unemployable. There are a lot of folks with little to no hope of doing better with deep and entrenched poverty.
I hope the FED starts QE4 immediately cause i've gotta start my business.
We've been waiting for too long.
Thomas, QE is a uncapitalistic measure to self-enrich the few at the cost of the many. The fed doesn't engage in QE to help the economy. It engages in it for 2 reasons. 1) To get out of the mess of not having enough buyers for bond auctions which primarily is due to the fact they are fixing their own auctions. And 2) It's to provide a giant cushion of free liquidity to their banker friends and themselves to get rich even while the rest of America suffers from their destructive behavior.
It is quite apparent to all but the dumb and blind together that QE does not help the public or the broad economy. But that's not the point of it. Is it? Money and liquidity never should be created without creating goods or services. It's bad enough the government does it. A central bank without mandate from any democratic authorization should never be allowed such power. It violates our constitution among other things.
This has nothing to do with me, it has to do with just as many flaws when trying to claim U-6 is better. U-6 measures different things than U-3 and has just as many problems, such as the examples I gave.
And I don't think counting someone not looking for work as unemployed is unreasonable.
A family member who has a MBA and was a director got laid off and it took her 2 years to find a job, at a minimum wage rate. She had dozens of interviews in those 2 years. According to the goverment she stopped looking for a job after 1 year.
A family member who has a MBA and was a director got laid off and it took her 2 years to find a job, at a minimum wage rate. She had dozens of interviews in those 2 years. According to the goverment she stopped looking for a job after 1 year.
Why? If she was actively looking for work but not finding a job she counts, even if it takes her 20 years.
The corollary to that was the announcement of sky-rocketing layoffs as reported by Challenger, Gray & Christmas
It is starting to get brutal out there.
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