Lowest labor participation rate since 1977! (poll, cost, dollars, compared)
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"The recent rise in underemployment for college graduates represents a return to the levels of the early 1990s, according to the New York Fed study."
Things ain't peachy for the 20 something workers, according to statistics.
You do know that that article is over a year old right?
And using data even older than that right?
For one the surveys quoted in the article the LATEST data was July of 2012 - THREE YEARS AGO.
Indeed. I believe quantified studies reported in the mainstream press and backed up by federal numbers.
An anecdotal, anonymous poster on CD doesn't a trend make. I'm not negating her/his statements. Only her/his situation being the norm.
And you quoted an eight year old article.
Not that I cared to look into your "media" sources, that you always trust. My rebuttal to your non-sense is based on facts, and challenging you to send these people you must know, to apply for jobs that will pay at least 3x as much, if they are qualified: health care industry (clinical, finance, analytics).
Not that I cared to look into your "media" sources, that you always trust. My rebuttal to your non-sense is based on facts, and challenging you to send these people you must know, to apply for jobs that will pay at least 3x as much, if they are qualified: health care industry (clinical, finance, analytics).
The following, written today, although I believe you trust mainstream media (half of which you don't seem to understand) more than you'd a personal challenge:
Quote:
Originally Posted by EinsteinsGhost
We're struggling to find candidates and struggling to fill positions (Health care industry). If you know someone who is qualified, have them contact me for positions here in Texas (two positions to be hired by me), New Mexico (six positions) or Ohio (four). At least 3x the pay you quoted.
I would not have asked for this even in 2007 because were wary of being laid off at the time and the job growth was terrible, not to mention a disaster in 2008.
This is the essence of the article you want to play with (and it is from your article):
"The big money goes to the corporations that own the software. The scraps go to the on-demand workers."
-Robert Reich
I've been saying for a while now that computing capability has now reached the point where technological advancements are destroying more jobs than they are creating. This is a change from in the past and has nothing to do with who is president or what party is in power, it's just a fact. This is a big part of the reason that both this recovery and the previous one (during the last administration, and where the term "jobless recovery originated") have been much slower to bounce back jobs than previous recoveries were.
You do know that that article is over a year old right?
And using data even older than that right?
For one the surveys quoted in the article the LATEST data was July of 2012 - THREE YEARS AGO.
Ken
The replaced jobs pay 23 percent, so if you were the median family and took the hit, you're now making 1k less a month.
The biggest collapse since the Great Depression and you never saw it coming. Why listen to you?
Yup. Overall the economy is pretty good. There are some areas where it's still weak, but many parts of the country are doing pretty well. Here in little old Benson, AZ - a small rural town in a fairly Red state - the economy is still pretty weak, but nearby Tucson is doing much better, Phoenix is doing well and deep-blue Seattle (where I used to live) is positively booming, Most people in most parts of the country who really want a job can generally find one if they are skilled labor. With our aging population, lots of people just don't want to work anymore so I don't really have a lot of concern about the Labor Force Participation Rate.
A couple of years ago I predicted that by the time Obama leaves office the U-3 UE rate would be 5-something percent. I was wrong. It's pretty apparent that it will be in the 4-something percent range.
Ken
No overall the economy isn't good. Only those with little knowledge about how the economy works would ignore wages, prices and duration unemployed. Next you going to tell us how the economy was good during WW2 because of low unemployment? Completely ignoring the fact that the trade off between producer and consumer is a quality product for a fair price. That was extremely hard to find during the war years as there wasn't much of quality to purchase.
The Median family income is stagnant while prices are rising
The lost jobs that were replaced pay 23 percent less.
For the first time ever a majority of school aged children are on government assistance
Those unemployed are on it a lot longer than before the crash
June 2015
avg 28.1 median 11.3
2000-2008
median 12-20 weeks
avg 7-9 weeks
Last edited by Loveshiscountry; 07-03-2015 at 02:03 PM..
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