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Old 11-15-2016, 06:10 AM
 
Location: Forests of Maine
37,474 posts, read 61,432,180 times
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Quote:
Originally Posted by Perma Bear View Post
5% unemployment oh no so much!
That is NOT 'unemployment'.

5% is only the people who have been out of work less than 6 weeks.

If you have been out of work 7 weeks or longer you are no longer counted among the unemployed.

The 'unemployment number' only counts the recently laid-off.
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Old 11-15-2016, 06:12 AM
 
4,224 posts, read 3,022,611 times
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Quote:
Originally Posted by Ultrarunner View Post
It is all relative...
No, it's all absolute -- as in it's absolutely impossible to live a luxurious lifestyle on welfare legally. The hope of welfare is that people can be kept afloat long enough to get back on their feet. It's worked out well millions upon millions of times. But of course it's a little like quitting smoking. Not everyone is able to make it out on the first try, and some -- such as the elderly blind and disabled as examples -- may need lifetime support. We're a big, rich country. We can handle that. People are meanwhile not out there getting into cushy territory off welfare. Stories and fables to the contrary are the deliberate distortions, exaggerations, and misrepresentations of partisan hacks. Like Ronald Reagan's "welfare queen" character from back in the 1970's, who was actually just a career criminal who dabbled in welfare fraud. In the real world as it actually exists, welfare is a tough time for people, but something that a great many have been able to use as a pathway back to better days. That's absolutely all there is to it.
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Old 11-15-2016, 06:19 AM
 
4,224 posts, read 3,022,611 times
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Quote:
Originally Posted by Submariner View Post
That is NOT 'unemployment'. 5% is only the people who have been out of work less than 6 weeks. If you have been out of work 7 weeks or longer you are no longer counted among the unemployed. The 'unemployment number' only counts the recently laid-off.
Correction: You are counted as unemployed if you do not currently have a job, are willing and available to work, and have made some active attempt to find work in the past four weeks.
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Old 11-15-2016, 07:28 AM
 
4,698 posts, read 4,077,434 times
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Quote:
Originally Posted by Submariner View Post
That is NOT 'unemployment'.

5% is only the people who have been out of work less than 6 weeks.

If you have been out of work 7 weeks or longer you are no longer counted among the unemployed.

The 'unemployment number' only counts the recently laid-off.
If that was the case, only 1% of the population would be unemployed.

In reality there is no cutoff date, but you need to keep applying for jobs. Even if you include the people who want jobs, but are not applying, and people who have part time jobs for economic reasons, the unemployment rate is still only 9.5%.

That is much lower than most countries in the world.
(Before anyone say that 2010 was a year with very high unemployment, remember that was only the case for the US, EUs worst year was 2013. In the EU, 2010 had the same average unemployment as today)


Last edited by toosie; 11-19-2016 at 07:47 AM.. Reason: TOS - deleted profanity
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Old 11-15-2016, 10:27 AM
 
12,022 posts, read 11,581,758 times
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The US has a population curve where the largest age cohorts are at opposite ends of the spectrum. The baby boomers are 52 to 70, and the milennials are 18 to 34. The drag on the participation rate from the boomers hitting 65 will dissipate in about 10 years, while at the same time, the milennials will all be in their prime working age of 25 and over.
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Old 11-15-2016, 10:48 AM
 
Location: Alameda, CA
7,605 posts, read 4,849,003 times
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Quote:
Originally Posted by lchoro View Post
The US has a population curve where the largest age cohorts are at opposite ends of the spectrum. The baby boomers are 52 to 70, and the milennials are 18 to 34. The drag on the participation rate from the boomers hitting 65 will dissipate in about 10 years, while at the same time, the milennials will all be in their prime working age of 25 and over.
The Millennial generation would have to be much larger to offset the downward pressure of the baby boomers retiring. The LFPR will not be going back to previous highs unless there is some other dramatic demographic shift or change in employment tendencies.
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Old 11-15-2016, 11:03 AM
 
9,837 posts, read 4,641,728 times
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Quote:
Originally Posted by censusdata View Post
What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.


Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
unemployment is likely to get much worse over the coming decades.

We need to find a way to help people find purpose, something that helps them define themselves without having a full time job....
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Old 11-15-2016, 11:09 AM
bg7
 
7,694 posts, read 10,567,299 times
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If you don't even know what "overthrown" means, you can't expect to know what the even longer word "unemployment" means. The government in the US has changed via its normal, regular fashion (there is a presidential election every four years), and Assad is apparently still in charge in Syria despite many attempts to oust him.


Egypt and Libya - yes there the governments were overthrown.
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Old 11-15-2016, 11:10 AM
 
28,115 posts, read 63,698,390 times
Reputation: 23268
Quote:
Originally Posted by Pub-911 View Post
No, it's all absolute -- as in it's absolutely impossible to live a luxurious lifestyle on welfare legally. The hope of welfare is that people can be kept afloat long enough to get back on their feet. It's worked out well millions upon millions of times. But of course it's a little like quitting smoking. Not everyone is able to make it out on the first try, and some -- such as the elderly blind and disabled as examples -- may need lifetime support. We're a big, rich country. We can handle that. People are meanwhile not out there getting into cushy territory off welfare. Stories and fables to the contrary are the deliberate distortions, exaggerations, and misrepresentations of partisan hacks. Like Ronald Reagan's "welfare queen" character from back in the 1970's, who was actually just a career criminal who dabbled in welfare fraud. In the real world as it actually exists, welfare is a tough time for people, but something that a great many have been able to use as a pathway back to better days. That's absolutely all there is to it.
The Grapes of Rath was the first American film widely shown in Russia... it was distributed by the Russian Government to show the Depravity of the West

It is a 1930's exodus from the Great Dust Bowl of dirt poor farmers pulling up stakes with all they own moving in search of a better life...

Now for the part of Relativity...

Americans were shocked be the deprivation and hopelessness as families with everything they owned strapped to ramshackle vehicles heading West...

The Russian peasants saw the exact same film to demonstrate how bad life in the West is and guess what?

The showings had to be cancelled because Russian peasants said these are the dirt poor of America and THEY HAVE CARS...

The simple fact the Dust Bowl migration was by privately owned vehicles is something Russian peasants could not fathom...

Again, I say it is all Relative...
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Old 11-15-2016, 12:47 PM
 
4,224 posts, read 3,022,611 times
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Again. I say that "The Grapes of Wrath" notwithstanding, it is absolutely impossible to live a lifestyle of luxury on welfare while remaining within the law. The condition of the most impoverished and destitute man in the world does not enter into this.
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