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Those working part for economic reasons (ie want to work full time) has declined by 2 million since 2009 and by roughly 800k in the last year.
LNS12032194
looks just like the people looking for part-time work. The problem is for whatever reasons, people are giving up looking for any work, full or part-time.
According to the nonpartisan Economic Policy Institute,
After factoring in U.S. population growth, a net gain of one person every 15 seconds, Gould estimates that 500,000 jobs need to be added each month to get back to where we were seven years ago.
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To get back to the 4.7% unemployment we had in 2007 requires nearly 300,000 new jobs every month. According to the Bureau of Labor Statistics, that has happened in only two of the last 62 months.
The current recovery is so much slower than earlier ones that it easily qualifies as America's worst. In less than one out of 24 months have at least 300,000 jobs been created. In the recovery from the 1973-75 recession, 300,000-plus jobs were created in 14 months out of 24; for recovery from the 1981-82 recession, 13 out of 24 months; for the 1990-91 recession, nine of 24 months.
Moreover, in 1978 total U.S. employment was only 83 million people, compared with 137 million in 2014. So, creating 300,000 jobs per month was a much more extraordinary feat in that much smaller labor force. To match the job creation records of 1973-75 and 1981-82 would require job creation of 450,000 to 500,000 jobs per month in today's labor market. That has happened only once in the last 62 months. LA Times
If you look at their research, found in the link above, you will see that they had a high unemployment of 11.1% in Dec 2009. In July 2011 they had the UE at 10.8%. Since then their chart shows the UE rate declining. For Nov 2015 their number is 7.0% down from 7.1% in Oct 2015.
So the current job report, using EPI methodology, resulted in a reduction the UE rate.
I would note that the BLS actually does track those not in the labor force who actually want a job but are not looking for a job. That number declined by 800k in the last year.
[lexusnexus]obama made Christmas come which provides many part time jobs. all hail obama![/lexusnexus]
Actually the oft quoted U3 number is seasonally adjusted which discounts Christmas hiring. The non-seasonal adjusted U3 number is 4.8%. The U6, which includes those working part time as UE, is 9.9% seasonally adjusted and 9.6% non-seasonally adjusted.
looks just like the people looking for part-time work. The problem is for whatever reasons, people are giving up looking for any work, full or part-time.
I would imagine a large number of those people are boomers. Companies are laying off lots of them, many with only one to three years to go before retirement. I should know; I'm one of them.
I'm 64 and was laid off this past May. I got unemployment for six months (gone now) and will be living off savings until I start collecting SS at age 65. I want to wait until FRA, 66, but don't want to deplete my savings.
Made a half-hearted attempt to find a job; not one single offer. I don't really have to work, thank goodness.
After working for almost 50 years, I need a break. I am not looking for work and I don't want to work anymore.
Obamacare created the 29 hour work week. About a third of working aged people are unemployed. Real jobs are gone and now in some states you can't get a job without knowing Spanish. Compare Boston to Los Angeles and you'd catch my meaning.
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Originally Posted by RCCCB
Obamacare created the 29 hour work week. About a third of working aged people are unemployed. Real jobs are gone and now in some states you can't get a job without knowing Spanish. Compare Boston to Los Angeles and you'd catch my meaning.
the 29 hour work week already existed. Companies got around it by simply scheduling individuals before the threshold while calling them in for the remainder of their shifts.
All Obamacare did is get rid of that loophole, some companies decided that instead of scheduling people for full time work, they would simply hire more people and divide up the hours.
looks just like the people looking for part-time work. The problem is for whatever reasons, people are giving up looking for any work, full or part-time.
No wonder this story is way too good to be true. More falsehoods to pump up a bad president.
Meanwhile, 94 million Americans are still out of the labor force.
Why does your side keep repeating this lie, that everyone knows is a lie?
The only way your side comes up with 94 million, is to include as "unemployed" retired grandmas, grandpas, 16 year olds and above in high school and college, playboys on yachts -- all who are not looking for work. You know what? My 85 year old father isn't "unemployed," he's happily retired.
Obamacare created the 29 hour work week. About a third of working aged people are unemployed. Real jobs are gone and now in some states you can't get a job without knowing Spanish. Compare Boston to Los Angeles and you'd catch my meaning.
Meanwhile, involuntary part-time employment -- the number of workers who want full-time work but can't get it — has dropped sharply -- which sort of undercuts everything you claimed above.
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