Soul Crushing Economic News... (unemployment rate, minimum wage, Whitehouse, economy)

[Winter_Sucks]

For republicans.

Jobless Claims in U.S. Reach Lowest Level in Seven Years - Bloomberg

[shooting4life]

Originally Posted by Winter_Sucks

For republicans.

Jobless Claims in U.S. Reach Lowest Level in Seven Years - Bloomberg

You might want to check the labor participation rate and the u6 unemployment rate before telling me how great things are.

[Winter_Sucks]

Originally Posted by shooting4life

You might want to check the labor participation rate and the u6 unemployment rate before telling me how great things are.

You do know that those who file initial unemployment claims were just recently participating in the labor force?

[shooting4life]

Originally Posted by Winter_Sucks

You do know that those who file initial unemployment claims were just recently participating in the labor force?

You do realize that people who cannot find jobs and who's unemployment run out are not counted in the unemployment numbers.

If the economy was doing well the labor participation rate would not be at 40-50 year lows.
If the economy was doing well people would not be underemployed, working at Starbucks when 6 years ago they were making 60k a year.

[freemkt]

Originally Posted by Winter_Sucks

For republicans.

Jobless Claims in U.S. Reach Lowest Level in Seven Years - Bloomberg

Rents are through the roof in many markets and low-wage workers are squeezed more than ever, which might be why many workers want a minimum wage increase.

[TrapperJohn]

Originally Posted by Winter_Sucks

For republicans.

Jobless Claims in U.S. Reach Lowest Level in Seven Years - Bloomberg

Cool. End welfare and SNAP.

[Winter_Sucks]

Originally Posted by shooting4life

You do realize that people who cannot find jobs and who's unemployment run out are not counted in the unemployment numbers.

If the economy was doing well the labor participation rate would not be at 40-50 year lows.
If the economy was doing well people would not be underemployed, working at Starbucks when 6 years ago they were making 60k a year.

Well since you must cling to labor participation, an issue republicans didnt seem to care about while the economy was producing nasty headlines, as a means of coping with good economic news, here's a quick link.

U.S. labor-force participation rate falls sharply in April - MarketWatch

[Winter_Sucks]

Originally Posted by TrapperJohn

Cool. End welfare and SNAP.

Cool. Raise the minimum wage first.

[Serious Conversation]

A lot of people have run out of UI and have simply fallen off the map. If the labor market was healthy, they would be reentering.

[carterstamp]

Isn't it interesting that the opposition, no matter which side they're on, declare the unemployment numbers never mean what they seem on the surface.

If it were a GOPer in the Whitehouse, most detractors posting here would be doing the happy dance.