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U6 is down about a half point over the last couple months to 13.7, so things are gradually improving. We still clearly have big problems. Only 43 percent of 18-29-yr-olds have full time jobs. In U.S., Fewer Young Adults Holding Full-Time Jobs in 2013
Well between 18-29 people are still getting their careers going. The only jobs available to them without college is fast food and retail which is never full time.
I've never believed those numbers because it is nothing more than media manipulation to favor Democrat officials currently in office. That's all that is. The current figures are more staggering than anyone can imagine or fathom. When you have an ungodly number of people on food stamps, it means simply that they are not among the working crowd and have given up looking for work.
U6 is down about a half point over the last couple months to 13.7, so things are gradually improving. We still clearly have big problems. Only 43 percent of 18-29-yr-olds have full time jobs. In U.S., Fewer Young Adults Holding Full-Time Jobs in 2013
No, the U6 number is useless also. We just lost another point in our labor participation rate, and the U6 went DOWN???? Our economy and employment are so upside down that the U6 cannot even reflect how bad things are.
The U6, like the U3, only looks at the labor force, and calculates from there. If our labor force shrinks, the U6 just lops off those Americans, and no longer factors them in. If ten million people went on permanent disability, which means we just lost ten million from our labor force, the U3 and U6 rates would spike thru the roof.
Our labor force participation rate has been dropping like a rock, and yet the U6 is showing the opposite is occurring. U6 Unemployment Rate | Portal Seven
Interesting how the U6 unemployment rate starts dropping in 2009 even though the labor force has been steadily shrinking.
We are sitting at 62% participation rate, and how many of the 62% are working part-time jobs? The single biggest threat to Americans is our failing economy, and Obama ignores the economy; the man cannot find new distractions fast enough.
The participation rate is largely driven by demographics so it is not a very good indicator on the strength or weakness of the economy. Even if there was a robust economy the trend for the participation rate would be down.
Can't we agree that there will never be the kind of full employment like in the past? It's not like the factories that once employed masses will come back. And with more automation and outsourcing there will be even less jobs.
Well between 18-29 people are still getting their careers going. The only jobs available to them without college is fast food and retail which is never full time.
The release of the June Jobs' Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists' expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The report, however, also provides clear evidence that the the nation is splitting into two; only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach. Of the 144 million Americans employed last month, only 116 million were working full-time. Friday's report showed that 58.7% of the civilian adult population of 245 million was working last month. Only 47% of Americans, however, had a full-time job.
Of course, now we know the June numbers were revised down, and new jobs of 195,000, dropped to only 104,000 jobs. How can their numbers be off by almost half, unless the government bureaucrats are really paying loose and free with the numbers and essentially lying to us??
No, the U6 number is useless also. We just lost another point in our labor participation rate, and the U6 went DOWN???? Our economy and employment are so upside down that the U6 cannot even reflect how bad things are.
The U6, like the U3, only looks at the labor force, and calculates from there. If our labor force shrinks, the U6 just lops off those Americans, and no longer factors them in. If ten million people went on permanent disability, which means we just lost ten million from our labor force, the U3 and U6 rates would spike thru the roof.
Our labor force participation rate has been dropping like a rock, and yet the U6 is showing the opposite is occurring.
Interesting how the U6 unemployment rate starts dropping in 2009 even though the labor force has been steadily shrinking.
The BLS predicted the participation rate would drop back in 2006. Last year they came out with forecasts to 2020 which is expecting it to continue to drop. JPM found that 70% of the drop is attributable to an aging population, so even if we had a booming economy the participation rate would still be facing downward pressure.
Can't we agree that there will never be the kind of full employment like in the past? It's not like the factories that once employed masses will come back. And with more automation and outsourcing there will be even less jobs.
That is exactly what people were saying during the horrible years under president Carter. "Can't we just accept the fact that our best days are behind us?" During the 1970s Carter's policies and his malaise speeches tried to get Americans to accept a future with diminished expectations.
Obama is working against the economy, his policies are turning a rough patch in the road into a bottomless pit of economic despair.
The BLS predicted the participation rate would drop back in 2006. Last year they came out with forecasts to 2020 which is expecting it to continue to drop. JPM found that 70% of the drop is attributable to an aging population, so even if we had a booming economy the participation rate would still be facing downward pressure.
Give me a break, 70% decline is due to an aging population? How can you can say that, as our population is growing? We have more people entering the workforce then are retiring from it. Our aging population is showing a higher rate of employment, they are choosing to keep working.
Give me a break, 70% decline is due to an aging population? How can you can say that, as our population is growing? We have more people entering the workforce then are retiring from it. Our aging population is showing a higher rate of employment, they are choosing to keep working.
You need to go look at how the participation rate is calculated. The retired are included in the calculation. The only way you drop out of the calculation is if you die, join the military or are institutionalized. The denominator portion (total civilian noninstitutionalized population) is growing larger. Therefore the demographics the US aging population plays a bigger factor then the strength or weakness of the economy. I would also point out that those you are unemployed, but looking are considered to be participating. The labor force participation rate is just not a very good indicator of employment strength or weakness.
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