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BLS has them but i don't think they would release at all.
I'd like to get my hands on that data
How many millennials are not working, that would be great insight.
We know a lot of boomers are not retiring so this should put pressure on millennials.
How? cachibatches made the below assertion:
Quote:
Originally Posted by cachibatches
Except that this is all a lie and we have covered it in any number of threads. A good deal of the decline in workforce participation comes from chronically unemployed millenials who have given up seeking work. It is not a secret and you could find a half a dozen news articles on it yourself with a five second google search. Your probelm is that you have some kind of silly "fact graph" from MSNBC or something.
Try going to Realclearpolitcs and Realcelarmarkets every day and reading a variety of articles from around the world and see how quickly your lefty worldview collapses.
cachibatches says the information is easily available. If so, it shouldn't be hard to find. I actually think that the assertion is pulled from thin air.
So? He says that unemployment is higher? What does that mean to me? What is he going to do about it? Sure maybe he's going to stop illegal immigration which might help but that isn't going to solve the problem completely. He's shown himself to be an "ist" of all kinds: racist sexist and ablest. Why bother acknowledging it when I know he is not for a person like me since I am a woman with a glitched brain?
I don't know why people follow him. They either support him or they obsessively pay attention to him because they hate him. He's just some ignorant buffoon..not worth the attention that he gets.
02-15-2016, 10:59 AM
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n/a posts
Quote:
Originally Posted by J.Thomas
How can common people find these statistics??
BLS has them but i don't think they would release at all.
I'd like to get my hands on that data
How many millennials are not working, that would be great insight.
We know a lot of boomers are not retiring so this should put pressure on millennials.
Laziness on your part does not constitute a conspiracy to hide the data on the part of BLS.
To a point....what would you rather believe the U3 or U6, just because someone has stopped looking for work they should not be counted as unemployed?
I have no problem balancing the 2 indicators. If they were diverging in their trend lines then I think it would require a closer look. However, they are both indicating an improving employment situation.
Since 1994 the BLS has tracked those who are not looking but want a job. It it high of just over 7 million in 2012. Since then the number has also been trending downwards its now under 6 million. The best it was ever recorded was in the low 4 million range.
I have no problem with even the U6 number not including people who are not looking.
I suppose the BLS could add another number, say the U7, which includes people who are not looking but what a job. Doing so would add increase the rate by roughly 3.6%. However the trend line for this new number would still show an improving situation.
What I find disingenuous are those who wish to compare a prior U3 rate with some new number of their own calculation (U6+). Which is what Stockman did with his calculation arriving at 40%+ unemployment. Anyone claiming UE is 20%+ is adding in individuals who previously would have never been included in the UE calculation.
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