Unemployment rate increases to 14.3 in June (party, economic, carry, government)

[CravingMountains]

Our nation's unemployment rate took a dramatic turn for the worse in June, rising to 14.3% from 13.8%. These new double digit rates of unemployment look like the new norm for our nation. Republicans caused the mess, but it looks like neither party can get us out of it.

Portal Seven | U6 Unemployment Rate

[MTAtech]

Originally Posted by InsaneTraveler

Our nation's unemployment rate took a dramatic turn for the worse in June, rising to 14.3% from 13.8%. These new double digit rates of unemployment look like the new norm for our nation. Republicans caused the mess, but it looks like neither party can get us out of it.

Portal Seven | U6 Unemployment Rate

In other words, you found a metric that makes unemployment look the worst.


In any case, looks to me like the trend is down, which is good:



U6 = Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons

[urbanlife78]

So by this chart, if we get it back under 10% then we should be doing good.

[malamute]

Yeah what's up with that? Don't you know you can only use sources like that when there is a republican in office?

[EmeraldCityWanderer]

Originally Posted by MTAtech

In other words, you found a metric that makes unemployment look the worst.


In any case, looks to me like the trend is down, which is good:



U6 = Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons

Well of course, who cares to have the best and most agreed upon metric when people just care about peddling their doom and gloom?

That's what happens when people try and force fit evidence to conclusions, instead of taking conclusions from evidence. At first it was the market dropping that meant the end of it all...till the market was going up (calling it a "melt up" till people stopped listening). Then it was foreclosures, till that stopped being a really dire number and people started buying houses again. Then it was the standard unemployment rate, till that started to improve.

People who say that the same thing is happening no matter what is happening around them, and just junk any metric that doesn't agree with their conclusion, are just cranks. It's like those people who carry the signs saying the end of the world is coming tomorrow...for the last 20 years without fail.

[CravingMountains]

The U6 is a better measure of unemployment in the post recession world. It reveals that most of the drop in the official unemployment rate has only been because people have given up looking for work or previously full time employed individuals can now only find part time work.

The official unemployment rate has fallen 2.5 percentage points since its peak of 10%. The U6 rate has only fallen 2.8% since its peak of 17.1%! This shows that the real reason unemployment is falling is because discouraged and marginally attached workers are not included in the official unemployment rate.

[CravingMountains]

Originally Posted by MTAtech

In other words, you found a metric that makes unemployment look the worst.


In any case, looks to me like the trend is down, which is good:



U6 = Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons

If this trend continues, we will hit another recession before we even get close to getting those who lost their jobs in the recession back to work.

[florida.bob]

Originally Posted by InsaneTraveler

The U6 is a better measure of unemployment in the post recession world. It reveals that most of the drop in the official unemployment rate has only been because people have given up looking for work or previously full time employed individuals can now only find part time work.

The official unemployment rate has fallen 2.5 percentage points since its peak of 10%. The U6 rate has only fallen 2.8% since its peak of 17.1%! This shows that the real reason unemployment is falling is because discouraged and marginally attached workers are not included in the official unemployment rate.

Deny. Deny. Deny. So pathetic.

[BentBow]

Originally Posted by InsaneTraveler

Our nation's unemployment rate took a dramatic turn for the worse in June, rising to 14.3% from 13.8%. These new double digit rates of unemployment look like the new norm for our nation. Republicans caused the mess, but it looks like neither party can get us out of it.

Portal Seven | U6 Unemployment Rate

Progressive government policies and Keynesian monetary policy, got us to where we are today as a failing nation, to redistribute our wealth to other nations, in an effort to make the new world order and a global nation.

[CravingMountains]

Originally Posted by florida.bob

Deny. Deny. Deny. So pathetic.

What am I denying?