"Real" UE rate drops to it's lowest "full month" point of Obama's Presidency. (Whitehouse, 9/11)
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Thank you, so the U6 barely cracked 10% between 2003 and 2004. Completely consistant with the workforce participation rate.
You're welcome.
Note how this "real" UE rate is REALLY stopping to drop off - reflecting the recent surge in hiring. Remember too that THIS includes those who have "given up" looking for work or working part-time when they really want full time work. It's a pretty complete (the most complete available) picture of unemployment and it's DEFINITELY showing an improving labor market.
How so? The extreme ends of the age spectrum of that older employees were affected differently by the downturn, the older "older" workers being hit harder than the age bracket of workers below them. As the extremes of the brackets moved on, and workers form one bracket moved to the "older" bracket entered with less unemployment than the people they were replacing. You may disagree with the articles conclusion, but it makes perfect sense.
How so? The extreme ends of the age spectrum of that older employees were affected differently by the downturn, the older "older" workers being hit harder than the age bracket of workers below them. As the extremes of the brackets moved on, and workers form one bracket moved to the "older" bracket entered with less unemployment than the people they were replacing. You may disagree with the articles conclusion, but it makes perfect sense.
Ok, I see what you are saying (misunderstood your earlier post). Could have an impact. As the U-6 numbers show however, there is definitely some major improvement going in the labor markets. We are NOT "healthy" yet - but DEFINITELY moving in the right direction - and apparently at an excelerating pace. As I've mentioned earlier - the UE rate is NEARLY where it was when Bush left office. Now, having said, that, that was STILL a very high rate. The good news now though is that - rather in INCREASING, that rate is now DECREASING.
Ok, I see what you are saying (misunderstood your earlier post). Could have an impact. As the U-6 numbers show however, there is definitely some major improvement going in the labor markets. We are NOT "healthy" yet - but DEFINITELY moving in the right direction - and apparently at an excelerating pace. As I've mentioned earlier - the UE rate is NEARLY where it was when Bush left office. Now, having said, that, that was STILL a very high rate. The good news now though is that - rather in INCREASING, that rate is now DECREASING.
Ken
The question now is whether people will be smart enough to realize that it is improving despite Obama's policies rather than because of them. If Obama hadn't created such havoc with the business climate, there would've been more confidence in the economy and more hiring and investment 2 years ago instead of us just starting to see the light of day now. It was, in fact, the election of the "obstructionist" Republicans that restored some sanity to the government and started things on a more positive direction.
Your bitterness and hatred towards Obama aside, it appears you're finally catching up to those smart people who realize that economy is improving.
People realize that the employment recovery, such that it is, is anemic and the gains are offset by economic difficulties such as fuel prices. This is reflected in the polls.
The question now is whether people will be smart enough to realize that it is improving despite Obama's policies rather than because of them. If Obama hadn't created such havoc with the business climate, there would've been more confidence in the economy and more hiring and investment 2 years ago instead of us just starting to see the light of day now. It was, in fact, the election of the "obstructionist" Republicans that restored some sanity to the government and started things on a more positive direction.
Unfortunately for you there is no real correlation between WHEN the UE rate started to drop and WHEN the GOP took over the House. The fact is the rate had already dropped before the GOP got the House - and in fact in the months following the GOP takeover of the House the UE rate when BACK UP and only started dropping again in the fall so good luck with that argument.
People realize that the employment recovery, such that it is, is anemic and the gains are offset by economic difficulties such as fuel prices. This is reflected in the polls.
Sounds like you're also recognizing employment recovery. Welcome to the realities.
As for gas prices, yes, they are likely to hurt. However, if we're still marching on, it would only prove that employment recovery would be better if not for higher prices?
Sounds like you're also recognizing employment recovery. Welcome to the realities.
As for gas prices, yes, they are likely to hurt. However, if we're still marching on, it would only prove that employment recovery would be better if not for higher prices?
Lol, when did I deny it? When are you going to recognize it is anemic?
Or if not for greater employment, greater GDP, greater trade balance, etc., you get the picture, well maybe not you, but others. The economy is in the tank and kept there by the policies of this administration?
Lol, when did I deny it? When are you going to recognize it is anemic?
Or if not for greater employment, greater GDP, greater trade balance, etc., you get the picture, well maybe not you, but others. The economy is in the tank and kept there by the policies of this administration?
Sure, we would all love to see 4% unemployment rate that we did in 2000-2001... but let us not forget the disaster of a decade that the 2000s had been. As for trade imbalance, how exactly do we go about fixing that in a short time? What do you consider to be a logical time frame for all that?
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