UE drops to 6.3% (9/11, Walmart, support, income)

[TrexDigit]

Originally Posted by RD5050

And then there's this ....

Bush On Jobs: The Worst Track Record On Record - Real Time Economics - WSJ

Interesting find. And GHW Bush dad fared even worse than W did.

[T-310]

Report: More Than 92 Million Americans Remain Out Of Labor Force.

Report: More Than 92 Million Americans Remain Out Of Labor Force « CBS DC

Of course those are not counted since they are no longer seeking jobs.

Thus more are not working now than in a loooong time.

[RD5050]

Originally Posted by T-310

Report: More Than 92 Million Americans Remain Out Of Labor Force.

Report: More Than 92 Million Americans Remain Out Of Labor Force « CBS DC

Of course those are not counted since they are no longer seeking jobs.

Thus more are not working now than in a loooong time.

Already responded to the above in this post.

[BentBow]

Originally Posted by Winter_Sucks

For Republicans.

Payrolls in U.S. Rise Most Since 2012, Unemployment at 6.3% - Bloomberg

When you remove the prolonged unemployment bennies, it looks like more people actually hit the bricks.

Is this 288,000, on top of the 344,000 lost just last week?

[T-310]

Originally Posted by RD5050

Already responded to the above in this post.

And notice how the numbers increased as the economy got worse.

[RD5050]

Originally Posted by T-310

And notice how the numbers increased as the economy got worse.

And what direction were they heading during the Bush Years (2001 - 2009)?

Year Qtr1
2001 70904
2002 72722
2003 74511
2004 76107
2005 77532
2006 78163
2007 78826
2008 79985
2009 81253

[BentBow]

Originally Posted by bUU

Because in the black-and-white world of the rabid right-wing, there is only perfection and damnation -

As opposed to deception and lies from the Progressives, in your black-and-white world.

[Loveshiscountry]

Originally Posted by Redraven

It isn't all sweetness and light; carefully read this:
Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges to 6.3% - Bloomberg

especially this part:


"One cloud in today’s employment report is worker pay is stagnating. Average hourly earnings held at $24.31 in April, and were up 1.9 percent over the past 12 months, the smallest gain this year.
The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April. The so-called participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since 1978, from 63.2 percent a month earlier."


Statistics are wonderful things. They can be adjusted to prove anything.

So many college students nowadays which makes that number actually worse.
Higher percentage of college students now means less of the high unemployment the college age range suffers from.

[middle-aged mom]

Originally Posted by legalsea

The CNN report I read just now noted that it will still take a while to get down to the '4 to 5 percent' unemployment rate that we had prior to the recession.

Unemployment rate falls, but for wrong reasons - May. 2, 2014

However, I rather bet that 6 percent will become the new norm. As detailed in many financial articles over the past six years, many corporations took 'advantage' of the recession to get rid of superfluous jobs (including work that could now be done by computers, jobs shipped overseas, etc). Many government agencies (mine included) are now able to get the work done with fewer people. The backbone of middle class jobs, manufacturing, is still dwindling (I recall when steel mills employed several hundreds of thousands of people). Of course, on the plus side, we Baby Boomers are getting old, and there will be a steady and increasing demand for health care workers.

Anyway, I shall now step aside so we can have the usual explanations (as alluded to by Winter) as to why a falling unemployment rate actually means the number of people unemployed is skyrocketing.

Government, federal, state , county and municipal have shed more jobs than any other segment.

[HappyTexan]

Originally Posted by RD5050

1) Retired people live off retirement income and savings and Social Security

2) Stay at Home Mothers/Fathers live off the income of the working spouse

3) Disabled people live off disability benefits

Baby Boomers (b: 1946 - 1964) are reaching the age of retirement, so it's expected that you would have an increase in the number of retired.

806,000 fell into one of those 3 categories in 30 days ?