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Old 06-06-2016, 05:12 PM
 
Location: Alameda, CA
7,465 posts, read 3,950,086 times
Reputation: 1369

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Quote:
Originally Posted by Propulser View Post
Whoa Nellie. YOu know that figure is phoney, right? You know it excludes those unemployed more than a year, which is more than half of the unemployed, right?

True unemployment is in double digits - thanks for nothing, Obama!!
Not true. If you are actively looking for work, and you don't have a job, then you are included in the U3 unemployment number. It doesn't matter how long you have been unemployed.
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Old 06-06-2016, 10:41 PM
 
Location: Los Angeles
14,379 posts, read 7,940,908 times
Reputation: 6636
Quote:
Originally Posted by Propulser View Post
Whoa Nellie. YOu know that figure is phoney, right? You know it excludes those unemployed more than a year, which is more than half of the unemployed, right?

True unemployment is in double digits - thanks for nothing, Obama!!
The OP seems to believe the nonsense that the economy is good.

If the economy is so good maybe he should explain why FreightLiner is laying off hundreds of workers. It takes trucks to move goods, and when the economy is doing well there is always a trucking boom (especially with low fuel prices) and the truck manufacturers do good.

How about RE, OP? Home ownership by those under 40 is at 50 year lows.

The work participation rate is at 45 year lows. How can we have record low participation rates and low unemployment at the same time? THAT is impossible, unless you use common core math

There are many indicators such as these which tell us the true state of the economy. It's a mess unless you're in the investor class!
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Old 06-07-2016, 06:59 AM
 
78,225 posts, read 33,343,867 times
Reputation: 15657
The Fed's actions are only going to make it worse. When Yellen announced she is going to continue the free money for the markets, up went oil. The poor saps on the street are going to see higher and higher fuel prices which means they have less for other things.......which means lay offs.

Maybe they will be able to get it back near $100 which of course will please Saudi Arabia and Iran and maybe give us a temporary boost in oil field jobs again, but it will be temporary as it's simply another bubble building attempt by the Feds and Wall Street.
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Old 06-07-2016, 08:56 AM
 
Location: Alameda, CA
7,465 posts, read 3,950,086 times
Reputation: 1369
Quote:
Originally Posted by steven_h View Post
The OP seems to believe the nonsense that the economy is good.

If the economy is so good maybe he should explain why FreightLiner is laying off hundreds of workers. It takes trucks to move goods, and when the economy is doing well there is always a trucking boom (especially with low fuel prices) and the truck manufacturers do good.

How about RE, OP? Home ownership by those under 40 is at 50 year lows.

The work participation rate is at 45 year lows. How can we have record low participation rates and low unemployment at the same time? THAT is impossible, unless you use common core math

There are many indicators such as these which tell us the true state of the economy. It's a mess unless you're in the investor class!
Layoffs are at 40 year lows and have been so for close to a year.

Filings for U.S. Jobless Benefits Fall for Third Straight Week - Bloomberg

Part of the participation rate is influenced by demographics. It will not be returning to previous highs no matter how strong the economy is. Only people looking for work are included in the unemployment rate. Retired people are not looking for work. Its pretty simple math. I'm not sure why so many people have a problem understanding it.
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Old 06-07-2016, 11:55 AM
 
788 posts, read 340,219 times
Reputation: 318
Quote:
Originally Posted by WilliamSmyth View Post
Layoffs are at 40 year lows and have been so for close to a year.

Filings for U.S. Jobless Benefits Fall for Third Straight Week - Bloomberg

Part of the participation rate is influenced by demographics. It will not be returning to previous highs no matter how strong the economy is. Only people looking for work are included in the unemployment rate. Retired people are not looking for work. Its pretty simple math. I'm not sure why so many people have a problem understanding it.
If you want further confirmation of the dismall state of the economy, check the Bureau of Labor Statustics U6 rate which counts everyone who is unemployed, not just those unemployed a year or less. It is in double digits.

Then.

Drive around your town in business-zoned areas and note the number of "Available" signs in front of choice and not-so-choice business properties, including industrial, warehouse and retail.

Then

Wipe the Kool Aid off of your lips and start living in the real world.
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Old 06-07-2016, 01:09 PM
 
Location: Alameda, CA
7,465 posts, read 3,950,086 times
Reputation: 1369
Quote:
Originally Posted by Propulser View Post
If you want further confirmation of the dismall state of the economy, check the Bureau of Labor Statustics U6 rate which counts everyone who is unemployed, not just those unemployed a year or less. It is in double digits.

Then.

Drive around your town in business-zoned areas and note the number of "Available" signs in front of choice and not-so-choice business properties, including industrial, warehouse and retail.

Then

Wipe the Kool Aid off of your lips and start living in the real world.
First off you there is no 1 year cutoff for being considered unemployed in the U3 number.

The following is the explanation from the BLS itself
How the Government Measures Unemployment

Who is counted as unemployed?

People are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.

Driving around my area would be pointless exercise since I'm in a very hot job market. I see a lot of help wanted signs and every available space that can be built on is being built on with businesses moving into previously abandoned buildings.

Unemployment rate for San Francisco Bay Area.

Unemployment Rates for Metropolitan Areas
San Francisco-Oakland-Hayward, CA Metropolitan Statistical Area 3.7
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Old 06-07-2016, 01:20 PM
 
Location: Kansas
19,186 posts, read 14,970,102 times
Reputation: 18249
Quote:
Originally Posted by Chaffeetrekker View Post
As long as someone can do better financially on gubmint assistance, it's only going to get worse......and those getting the checks will continue to vote democrat until it all implodes...
Quote:
Originally Posted by Boss View Post
Tea Party propaganda rears its ugly head again.
There is no propaganda in play. I did math computing low wage workers in my city versus what someone drawing public assistance benefits and although the difference was slight, the advantage went to the public assistance recipient. The only real thing that stood between them was work ethic.

Many don't realize the array of benefits that are available thus their misunderstanding. And, it appears also that people don't have a clue about the challenges of the working poor.
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Old 06-07-2016, 01:40 PM
 
78,225 posts, read 33,343,867 times
Reputation: 15657
Quote:
Originally Posted by WilliamSmyth View Post
Layoffs are at 40 year lows and have been so for close to a year.

Filings for U.S. Jobless Benefits Fall for Third Straight Week - Bloomberg

Part of the participation rate is influenced by demographics. It will not be returning to previous highs no matter how strong the economy is. Only people looking for work are included in the unemployment rate. Retired people are not looking for work. Its pretty simple math. I'm not sure why so many people have a problem understanding it.
With interest rates near zero there have been many retired people looking for work.
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Old 06-07-2016, 02:18 PM
 
Location: Los Angeles
14,379 posts, read 7,940,908 times
Reputation: 6636
Quote:
Originally Posted by WilliamSmyth View Post
Layoffs are at 40 year lows and have been so for close to a year.

Filings for U.S. Jobless Benefits Fall for Third Straight Week - Bloomberg

Part of the participation rate is influenced by demographics. It will not be returning to previous highs no matter how strong the economy is. Only people looking for work are included in the unemployment rate. Retired people are not looking for work. Its pretty simple math. I'm not sure why so many people have a problem understanding it.
You question others ability to understand something which is simple, while totally ignoring the obvious gap in the math. They have stopped counting many who want jobs because they haven't found one in a year. Naturally if they (6 MILLION OF THEM) aren't counted the unemployment numbers look better because they are skewing the data.

Funny, you point out layoffs are at 40 year lows for just a year... please consider this is because these companies have been trimming for years and there's nobody left to fire.
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Old 06-07-2016, 02:21 PM
 
20 posts, read 13,653 times
Reputation: 52
If you are a reasonable person in your 20s and 30s who wants to work and lives in a city there are tons of jobs for you if you are open to low pay. There is no reason you can't find a job. But if you are over 55 years old it is nearly impossible to find a job anywhere at any pay.
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