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More than 2.95 million jobs were created last year, according to the latest figures from the Department of Labor.
It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
That premise is not within light-years of being true.
Here, some definitions for you so you don't look silly. Also, go back over your response. One of them says 2014 was "left out" when it's clearly there.
Civilian noninstitutional population: Persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.
Civilian labor force: All persons in the civilian noninstitutional population classified as either employed or unemployed.
Employed persons: All persons who, during the reference week (week including the twelfth day of the month), (a) did any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were temporarily absent. Each employed person is counted only once, even if he or she holds more than one job.
Unemployed persons: All persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4 week-period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.
Unemployment rate: The ratio of unemployed to the civilian labor force expressed as a percent [i.e., 100 times (unemployed/labor force)].
Also, looks like November and October numbers were revised heavily up.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
The real unemployment is higher than 5.6% it is 12%
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From forbes the real unemployment rate is over double that at 12.6%. This number reflects the government’s “U-6” rep report, which accounts for the full unemployment picture including those “marginally attached to the labor force,” plus those “employed part time for economic reasons
What percentages? We added 3 millions jobs making it the best year since 1999. It means we have not added that many in 15 years.
How about you start with what percentage of those jobs are part time versus full time, what percentage of those jobs have equal or higher pay than the jobs lost during the recession, what percentage of those jobs are in the same or similar industries to the jobs lost, etc?
I mean if a manufacturing plant laid a skilled technical worker off who made $50,000/yr in the recession and a department store just hired that person this year to run a cash register at $18,000/yr then things really aren't so rosy are they? So if you're going to start a thread like this, why don't you provide a true picture of how things are instead of just picking one surface number without any details as to what that number actually means for the economy and the average American?
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It's not the only way to go. In 2008 it went the exact opposite direction at a pace of over 600 000 jobs lost per month.
How short are people's memories?
Clue for you: in 2008 we were in a recession. In 2014 we are not. Surprisingly enough, you expect better job numbers when you aren't in a recession than when you are in one, so trying to score points by comparing 2014 numbers to 2008 numbers is just about worthless.
How about you start with what percentage of those jobs are part time versus full time, what percentage of those jobs have equal or higher pay than the jobs lost during the recession, what percentage of those jobs are in the same or similar industries to the jobs lost, etc?
Feel free to provide the data
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Clue for you: in 2008 we were in a recession. In 2014 we are not. Surprisingly enough, you expect better job numbers when you aren't in a recession than when you are in one, so trying to score points by comparing 2014 numbers to 2008 numbers is just about worthless.
3 million is the best number since 1999. Have we been in a recession since 1999? I don't think so. Clue to you, as Mirecia pointed out there are only 2 years in the past 35 years when we created more than this.
Why does it make you behave like someone threw acid on your face?
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