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The BLS calculates unemployment in several different ways. Although the U3 rate includes part time jobs, the U6 does not. You can choose to follow either or both. In both cases the unemployment calculation shows a long term decline. The number of people working part time who want to work full time has been declining for a long time; I believe it peaked in 2012.
Unemployment benefits do not factor into the way the BLS determines unemployment. Only whether or not you have a job; if you don't have a job whether or not you looking. The number of people who are unemployed and not looking, but want a job is near a recorded low.
Most of the jobs are service sector low paying jobs though as designed by the Corporate Globalists.
Great news, but I think companies should be encouraged to hire and train younger workers. Older workers are already mostly secure and paying them more money would be nest-egg feathering
I actually think this comes up aces for Trump. Unlike in 1969, the labor participation rate is depressed, so the unemployment rate can be below the natural rate for some time as people are coaxed back into the labor market. Will make for great headlines.
There is actually a catch-22 I'm seeing in the hiring process. Younger workers may have the increasingly costly amount of degrees they want but companies are asking for higher levels of experience for "entry level" just to get into the gate, options that are available for a decreasing amount of people to be able to obtain.
On the flip side, older workers tend to be ignored because their experience level is so great, that companies want to hire someone younger with less experience and whom they can pay less, rather than higher the older worker, who would have higher costs to pay for (like healthcare) and would also command higher pay.
As one would expect, they are being hit with a "talent shortage" because the younger workers are too inexperienced for them and they don't want to train anymore and the older workers cost too much for them to want to bother training and hiring and paying for.
There is actually a catch-22 I'm seeing in the hiring process. Younger workers may have the increasingly costly amount of degrees they want but companies are asking for higher levels of experience for "entry level" just to get into the gate, options that are available for a decreasing amount of people to be able to obtain.
On the flip side, older workers tend to be ignored because their experience level is so great, that companies want to hire someone younger with less experience and whom they can pay less, rather than higher the older worker, who would have higher costs to pay for (like healthcare) and would also command higher pay.
As one would expect, they are being hit with a "talent shortage" because the younger workers are too inexperienced for them and they don't want to train anymore and the older workers cost too much for them to want to bother training and hiring and paying for.
Look up the stats, Finn. You have a computer and Internet service.
The numbers are not out, which is why I asked you to back up your claim. All we know the store sales were disappointing, and that on0line sales were up 18%.
Goldman sachs just wrote the TAX PLAN that is being tweaked by senate and house... Goldman sachs has effectively gained self oversight by trump appointing goldman sachs to oversee wall street. Gary cohn has admitted that the tax plan is all about aiding corps (corps are currently sitting on more cash than anytime in history and they making record profits )
OP story is just Goldman supporting Gary (ex goldman) . the 3 Goldman boys who put the tax plan together must be pretty lit, to be delivering this massive give away to themselves and their peers.
Great news, but I think companies should be encouraged to hire and train younger workers. Older workers are already mostly secure and paying them more money would be nest-egg feathering
I actually think this comes up aces for Trump. Unlike in 1969, the labor participation rate is depressed, so the unemployment rate can be below the natural rate for some time as people are coaxed back into the labor market. Will make for great headlines.
" but I think companies should be encouraged to hire and train younger workers"
It's nice to be able to tell others what to do, especially when it doesn't cost YOU a dime.
Start your OWN company and train them and pay them whatever you want.
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