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The picture is pretty rosy, provided you have skills.
It's not rosy if you have no skills.
Not to worry though, low/no skill whites just voted in a guy whose entire platform was based around the notion of absolving them of any and all personal responsibility. They'll still be SOL under a Trump administration, but at least he'll be there to tell them it's outside their control.
Funny how the same absolving of personal responsibility is railed against when applied to minorities, who have a much better argument that their circumstances really are outside their control.
What a scummy post.
Like wow...Sure a lot of white people have avoided personal responsibility....like in the banking industry and were absolved of personal responsibility at the level of trillions in mismanaged capital flows. You have the gall to whine about auto workers in the rust belt who are certainly a lot more diverse than the free pass granted to the state of Connecticut.
Phil Orlando, chief equity strategist at Federated Investors, said that, while Friday's jobs data will not deter the central bank from raising rates, it was not a good report. "While the consensus was around 180,000 we had expected a number [above 200,000]," he said, noting the ADP report released Wednesday showed gains of more than 200,000 while weekly jobless claims remained around their lowest levels since the 1970s. He also said "the reason why the unemployment rate was so low is a bad one," citing a jump in discouraged workers. Stocks mixed after jobs report; Italian referendum looms
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The big surprise in the report was the 4.6% unemployment rate, a relatively sharp drop from the 4.9% to 5.0% range in September and October. Peering into the data shows something different from the "as expected" results associated with the headline November jobs figure. Let's take a look:
•The November civilian labor force was 159.5 million, down from 159.7 million in October;
•The number of Employed rose to 152.085 million, up from 151.925 million in October; •The number of Unemployed fell to 7.4 million from 7.79 million in October;
•The number of people not in the labor force rose to 95.05 million, up from 94.6 million in October 2016, and 94.4 million in November 2015.
Putting this together, we see the primary reason behind the fall off in the November unemployment rate was the number of people falling out of the labor force (0.45 million), not the month-over-month gain in the number of employed additions (0.16 million). Not quite the picture one would expect, given the positive tone of that November ISM Manufacturing Index we mentioned above. The November Jobs Report Is Not as Good as It May Look
We know Obama does redefine methodology. For example, it is known that he changed the way of counting illegals deported, which is how liberals always claim he's the "king of deportation" or "the toughest on illegal immigration ever" despite everyone knowing it's the opposite.
With unemployment, most likely he did not change the methodology, since the U3 and U6 have been around before. However, that's largely irrelevant because he's the first guy whose economy has been so terrible that it drove large numbers (meaning, TENS of millions) out of the workforce. That's why his workforce participation rate is historically low. Therefore, he may not have "intentionally" distorted the U3 reporting, but that's only because nobody had ever envisioned someone plowing the labor market so low into the ground.
What IS known is that as people fled the labor market, Obamabots sit around and sing praises of how Obama is at full employment, knowing full well they are lying. In fact, at times Obama will have slight bumps in employment followed by unemployment and then it's amusing to hear liberals defend why unemployment is rising by saying "as more people return to work, the unemployment numbers will rise." That's pretty hilarious.
It is easily proven that the lowering of the U3 rate was not tied to an increase in LFPR. Over the last 3 years the LFPR has fallen 0.1%, yet the U3 rate has fallen 2.6%.
Oct 2013 U3 7.2% LFPR 62.8%
Nov 2016 U3 4.6% LFPR 62.7%
That is people celebrating Obama's farewell bon voyage bounce...wages have been stagnant for 8 years where have you been?
Last quarter ended in September....
Where have I been? I have been counting my money. As a natural born optimist, I always make the best of any situation. I did well with "W" in WH, and I did well with Obama, although I did not vote for either one. You might try the same, as opposed to hoping for Donald Trump to make something happen for you.
I am sorry your wage has been stagnant. You might want to put in some extra umph into your efforts to please your superiors. On average wages have been growing, so you need to figure out why yours is not.
Like wow...Sure a lot of white people have avoided personal responsibility....like in the banking industry and were absolved of personal responsibility at the level of trillions in mismanaged capital flows. You have the gall to whine about auto workers in the rust belt who are certainly a lot more diverse than the free pass granted to the state of Connecticut.
It's sort of hilarious, actually. Because liberals loved those uneducated, low-skill voters when they were voting for them. And now they're like "well, we're all rich, so you guys get lost!!" The truth is coming out for all to see.
It is easily proven that the lowering of the U3 rate was not tied to an increase in LFPR. Over the last 3 years the LFPR has fallen 0.1%, yet the U3 rate has fallen 2.6%.
Oct 2013 U3 7.2% LFPR 62.8%
Nov 2016 U3 4.6% LFPR 62.7%
I enjoy your lack of understanding of statistics. I just told you that the U3 can increase as people return to work and can decrease as people stop looking for work.
This was a very valid method when the rate was going up, and when it hit 10.5%. When it started falling, it became invalid, and now that it's 4.6%, it's basically a liberal conspiracy. The good news is that in Jan 20, it will become the gold standard again.
Or maybe Trump will assume the method which includes part timers and every other group which are not included
Underemployment is a more comprehensive measure of the labor force. It includes statistics for the software programmer that is now serving poolside drinks because he was replaced by a H-1B visa worker and the laid-off Carrier employee that is landscaping after being replaced with a Mexican worker paid $3.00 per hour. You get the idea.
The chart is not accurate. The U6 rate at the beginning of 2015 was 11.3. Currently it is 9.3.
It's Obama, and his data-tweaking machines....
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