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There are outliers in (almost) any data set. If they are numerous or exaggerated in their effect, you can develop rules to exclude them. For the most part, they are swamped by the trends occurring in the non-outlier data. As long as you have a large enough sample size (two households isn't large enough), you should end up with results that are statistically significant...
I'm not talking about outliers, though. I used that only as an illustation. The reality is that every single one of those 6.1% unemployed could be put to work tomorrow morning, replacing a two-job person working a second job, creating an instant 0% unemployment rate without creating a single job. Or at worst, replacing the spouse of a person already earning a good income. When you have millions of families with two wage-earners, each of them represents at least one job that could be done by a head of household who has no income. Remember, also, that the number of houselods requiring at least one job is much smaller than the total. Many households consist of one or two retirees, living on their pension, with nobody in the household who is a member of the labor force. So the number of jobs needed is quite a bit smaller than the number of households.
Our economy has done its job, by creating more jobs than households. Any household that does not have one, is being robbed by a household that has grabbed two or more jobs. In such a lopsided environment, how many more jobs have to be created, for every household to see one trickle down to it? Here is the classic picture of greedy families grabbing all the jobs, gaining handsomely as a result, and then begrudging a bit of public assisance to those who didn't get one.
I'm not talking about outliers, though. I used that only as an illustation. The reality is that every single one of those 6.1% unemployed could be put to work tomorrow morning, replacing a two-job person working a second job, creating an instant 0% unemployment rate without creating a single job. Or at worst, replacing the spouse of a person already earning a good income. When you have millions of families with two wage-earners, each of them represents at least one job that could be done by a head of household who has no income. Remember, also, that the number of houselods requiring at least one job is much smaller than the total. Many households consist of one or two retirees, living on their pension, with nobody in the household who is a member of the labor force. So the number of jobs needed is quite a bit smaller than the number of households.
Our economy has done its job, by creating more jobs than households. Any household that does not have one, is being robbed by a household that has grabbed two or more jobs. In such a lopsided environment, how many more jobs have to be created, for every household to see one trickle down to it? Here is the classic picture of greedy families grabbing all the jobs, gaining handsomely as a result, and then begrudging a bit of public assisance to those who didn't get one.
the thing is, you do not want 0% unemplyment, it is called stagnation. It is actually bad, and will not allow a soicety to grow. where is the money going to come from to pay these people put to work by the government?
the thing is, you do not want 0% unemplyment, it is called stagnation. It is actually bad, and will not allow a soicety to grow. where is the money going to come from to pay these people put to work by the government?
They would not be paid by the government. They would be paid by the employers who are currently paying other people who are doing those jobs as moonlighters. I apologize for not making that clear enough.
What could people chant that would fix the problems we have? Would the police know that it is OK to chant whatever you suggest?
How about "No Minimum Wage!!". Its no coincidence that the unemployment rate went up aftet the Minimum Wage was increased, as we conservatives predicted.
What's interesting is how these unemployment numbers were released shortly after the news that GDP had grown over 3% during the last quarter. This could mean several things, or perhaps all of them at once:
-Last quarter's GDP growth was an artificial product of borrowed capital from China or other nations
-The economy is sorting itself out by producing gains in healthy sectors while also shedding jobs in unproductive ones, and it just so happens that the economic gains overwhelm the job losses
-The economy itself is changing because companies, through technology and advances in efficiency planning, can get more productivity out of fewer employees - thus, fewer people are needed to sustain America's economy or GDP.
The last one is the most troubling, because it would mean that we are slowly moving toward a system where certain types of labor simply aren't required, and if you don't have special skills, nobody will ever need to hire you.
The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, the highest in nearly five years, as employers cut payrolls for an eighth straight month and a decline in labor markets accelerated.
84000 jobs were lost in August!!!!!
I WANT CHANGE NOW NOT IN 4 YEARS
VOTE FOR CHANGE!
OBAMA 08
With Obama, prepare to see double digit unemployment, rising to near 20%. Raising taxes during a severe recession such as this is the absolute worst thing you can do.
The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, the highest in nearly five years, as employers cut payrolls for an eighth straight month and a decline in labor markets accelerated.
84000 jobs were lost in August!!!!!
I WANT CHANGE NOW NOT IN 4 YEARS
VOTE FOR CHANGE!
OBAMA 08
This has truly been the jobless recovery.. The number or jobs created during the so-called 'recovery' of the Bush years pales in comparison to prior recoveries.
When are people going to understand that the current policies that we have in place only benefit the very few at the top of the economic pyramid.
How about "No Minimum Wage!!". Its no coincidence that the unemployment rate went up aftet the Minimum Wage was increased, as we conservatives predicted.
I had heard a news story that congress was discussing a rebate for businesses that were hurt by the rising in the min. wage.....
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