Houston unemployment rate ALL TIME LOW (Post, Clint: 2014, health insurance, job market)

[misterno]

And I was wondering why recruiters started calling me all of a sudden

Because they can not find people

[curbur]

Interesting considering all the stories of layoffs and what not..

[ipuck]

The unemployment figure is beyond rigged. Remember the revised improvement figure right before Obama got re-elected and then revised downward later.

The stats are totally misleading and does not count alot of people that stop looking or working part time jobs when they want full time jobs.

Now is just a political folder for politicians to throw out there to mislead the public. Even the feds don't trust the numbers anymore.

[misterno]

Originally Posted by ipuck

The unemployment figure is beyond rigged. Remember the revised improvement figure right before Obama got re-elected and then revised downward later.

The stats are totally misleading and does not count alot of people that stop looking or working part time jobs when they want full time jobs.

Now is just a political folder for politicians to throw out there to mislead the public. Even the feds don't trust the numbers anymore.

Well I do not think it is rigged

I am not in the job market and I am not looking for a job, my linkedin account don't have phone number or email

yet I keep getting calls and emails from recruiters.

I am not an engineer but I am in oil and gas

[swopoe]

My husband is in oil and gas too and very happy at his job and he is always getting called by recruiters.

That said, when someone stops looking for work because they can't find a job and thereby leaves the workforce, they aren't counted as unemployed anymore. So that then means there is one less unemployed person which is not really accurate.

[misterno]

Originally Posted by swopoe

My husband is in oil and gas too and very happy at his job and he is always getting called by recruiters.

That said, when someone stops looking for work because they can't find a job and thereby leaves the workforce, they aren't counted as unemployed anymore. So that then means there is one less unemployed person which is not really accurate.

That is correct technically

But I still believe, the official unemployment rate shows a meaningful trend.

At least in my 23 years of work experience, it is much easier to find a job when the unemployment rate drops. Good example will be the late 90's. Good old days where you can walk up to any company in downtown and get a job. but it did not last long.

Long live Clinton.

[UKWildcat1981]

Thats it...I am moving to Houston

[casimpso]

Originally Posted by misterno

That is correct technically

But I still believe, the official unemployment rate shows a meaningful trend.

At least in my 23 years of work experience, it is much easier to find a job when the unemployment rate drops. Good example will be the late 90's. Good old days where you can walk up to any company in downtown and get a job. but it did not last long.

Long live Clinton.

What she failed to mention is that when someone retires, they are not counted in either the unemployment rate or the labor force participation rate.

Do 10,000 baby boomers retire every day? - The Washington Post

The FACT that so many people are financially able to retire is a good thing. Not just for them but for the jobs they leave for others to fill.

[ipuck]

Originally Posted by misterno

That is correct technically

But I still believe, the official unemployment rate shows a meaningful trend.

At least in my 23 years of work experience, it is much easier to find a job when the unemployment rate drops. Good example will be the late 90's. Good old days where you can walk up to any company in downtown and get a job. but it did not last long.

Long live Clinton.

So you basically using the one recruiter that call you as the basis for the unemployment rate is correct and the city is begging for employees.

Tell that to the 50,000+ people that have been layoff this year from O&G. I know 2 people that were layoff and still looking after 2+ months.

Layoffs have slow down a bit but I believe there are still more coming.

[misterno]

Originally Posted by casimpso

What she failed to mention is that when someone retires, they are not counted in either the unemployment rate or the labor force participation rate.

Do 10,000 baby boomers retire every day? - The Washington Post

The FACT that so many people are financially able to retire is a good thing. Not just for them but for the jobs they leave for others to fill.

Well labor force participation rate is technically all people between 25 and 65 years old and working divided by the whole population in the same age group not sick not prisoned not outside the country. Simple as that

So if someone retires at 40 years old, he will be counted as unemployed. But what is the percentage of people retiring before 65 years old anyway. It should be very small.

Afterall they need to pay the obamacare out of pocket until 65 years old which is extremely hard.

Why is it hard? Because healthcare companies charge more for healthinsurance when you age. So only a fraction of people can retire before 65 years old and expect to pay extremely high health insurance premiums ALL out of pocket.