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Unemployment Rate Facts
Tuesday, November 9, 2021 3:22 AM
JEWELSTAITEFAN
Quote:Originally posted by 6IXSTRINGJACK: Lesson summary: Unemployment https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/unemployment/a/lesson-summary-unemployment Lesson overview A country’s economic performance is measured using three key indicators, one of which is the unemployment rate. When adults who are willing and able to work cannot find a job, it may be a sign that an economy is producing less than it could. On the other hand, unemployment is also a natural phenomenon that even healthy economies experience. While the official unemployment rate is helpful in representing the state of a nation’s workforce, it does have some shortcomings that should be considered, such as excluding discouraged workers. [Relevant points to my argument: i.e.: the Correct Argument] Unemployed - A term that describes a person who could be working, and wants to work, but is not working; to be counted as unemployed you must be part of the eligible population, not working, and actively looking for work. Discouraged Workers - People who do not have a job, but they will take a job if offered one. However, they have given up looking for work, so they are not counted in the labor force; for example, if Carol gives up looking for work because she is having trouble finding a job, she is no longer in the labor force and therefore is not counted as unemployed. Underemployed - People who work part-time, but they really want to work full time if they could find a full-time job; for example, Tyreese wants to work full time as an engineer, but he can only find a part-time job.
Quote:Limitations of the Unemployment Rate: The unemployment rate as it is measured officially is often criticized for understating the level of joblessness because it excludes anyone working at all or people who aren’t looking for work. In particular, the official unemployment rate leaves out discouraged workers and the underemployed. People who have given up looking for work because they are convinced that they cannot find jobs are considered discouraged workers. Some people are counted as employed because they are working part-time, even though they really want full-time work. Common Misperceptions: - Not everyone who is out of work is unemployed. In order to be counted as unemployed you have to be out of work, looking for work, and able to accept a job if one is offered to you. If you are out of work and not looking, then you are considered “not in the labor force” rather than unemployed. (NOTE: The ONLY way this can be taken into account is by counting weekly unemployment claims. So anybody who just left college and is looking for a job isn't even counted as unemployed... and of those who are filing and counted, the second they can't file another claim because their unemployment benefit ran out, they are no longer counted as unemployed either). - A decrease in the unemployment rate isn’t necessarily a sign of an improving economy. When people stop looking for jobs and drop out of the labor force as discouraged workers, the unemployment rate will decrease even though the true employment situation hasn’t gotten any better. This is why it is important to look at both changes in the unemployment rate and changes in the labor force participation rate. Looking at both changes let’s you get a more complete idea about changes in the employment situation. Half the jobs in this country are bullshit, part-time McJobs that offer nothing or next to it in terms of benefits as well as low wages. So even if you throw out Discouraged Workers like your stupid little graph throws out, Second, you've got tens of millions of adults working shit part-time jobs (oftentimes 2 and 3 of them in tandem) without any benefits that are willing to work more but can't get more. (And most of those jobs being federally subsidized by our tax dollars while the companies rake in billions every year.) The average salary hasn't increased at all since the late 90's, and the bump we've seen recently is already being wiped out by Biden*'s inflation.
Tuesday, November 9, 2021 9:42 AM
SECOND
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Quote:Originally posted by 6IXSTRINGJACK: Lesson summary: Unemployment . . .
Tuesday, November 9, 2021 10:41 AM
6IXSTRINGJACK
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 1KIKI: AFAIK to be counted as being unemployed you have to be actively receiving unemployment benefits and all the caveats and limitations that imposes. I hope most people know by now that unemployment numbers are hardly meaningful, and that the labor force participation rate is a better metric. But it's not perfect! It counts "those who are employed or unemployed and looking for work, compared to the total adult population". If you work 1 hour a week, you're counted as employed. If your LOOKING for work, you still count!This sounds untrue. There are millions who are looking for work, but are not counted among the Labor Force because their Unemployment Benefits have been exhausted. How are you imagining that solely looking for work fits into some category of the Labor Force?
Quote:Originally posted by 1KIKI: AFAIK to be counted as being unemployed you have to be actively receiving unemployment benefits and all the caveats and limitations that imposes. I hope most people know by now that unemployment numbers are hardly meaningful, and that the labor force participation rate is a better metric. But it's not perfect! It counts "those who are employed or unemployed and looking for work, compared to the total adult population". If you work 1 hour a week, you're counted as employed. If your LOOKING for work, you still count!
Tuesday, November 9, 2021 1:03 PM
Quote:Originally posted by 6IXSTRINGJACK: It's unclear if Kiki meant what you were saying she meant or not. But I cleared that up in the following post. Answering YES when asked if you are currently looking for work is a requirement every week you file for unemployment benefits. But this does bring up a good point. It allows the Media to say something that stupid people would believe. "If you're looking for work, you're counted as unemployed". Not really. Only if you claimed you were looking for work during the last week you filed for unemployment benefits.
Tuesday, November 9, 2021 1:55 PM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Quote:It's unclear if Kiki meant what you were saying she meant or not.
Tuesday, November 9, 2021 5:21 PM
Quote:Originally posted by 1KIKI: Quote:It's unclear if Kiki meant what you were saying she meant or not. One of the requirements for continuing to receive unemployment benefits - and therefore be counted as unemployed - if you are eligible in NYS is that you have to PROVABLY show you're looking for work. One way to prove that is to go down to the unemployment office and look through their job listings for a required amount of time. I couldn't say what other states require. Once those benefits run out, or you fail to keep provably looking for work and are kicked out of the program, the unemployment office treats you like you no longer exist. And it doesn't care - and has no way of knowing - if you're continuing to look for work.
Wednesday, November 10, 2021 12:36 PM
Wednesday, November 10, 2021 6:00 PM
Friday, November 19, 2021 8:05 AM
JAYNEZTOWN
Sunday, November 21, 2021 12:10 PM
Saturday, December 4, 2021 3:53 PM
Quote:Originally posted by JEWELSTAITEFAN: BLS currently defines the Want A Job category as not being part of the Labor Force. So I will post some actual numbers and let the comparisons and discussion follow. The documented shenanigans of Obamabots deliberately refusing to Report jobless data in the months before the 2012 Election are a different matter, I will just use the Fake Data they produced and pretend it was real. I will use only the Unadjusted numbers, to help maintain clarity and transparency.
Quote:The Civilian Adult Population steadily Increases, suggesting that figure is not manipulated. The Unemployment Rate after 2008 was able to be artificially less by shifting more unemployed into the Want A Job category, which Obamanomics managed to increase to over 7 Million for the only time in the BLS tables. This Jan figure (Want A Job) didn't return to within 0.1% of 2008 level until 2018, after Trump's first year. The figure of Unemployed plus Want A Job is indisputably the real Unfake Unemployment figure. The Labor Force Participation Rate steadily dropped each year until finally reversing in 2017, Trump's first year. The Want A Job count maxxed out in Aug 2012, just as Obama was proclaiming that Unemployment Rates had dropped, which he needed to get below 8.0% by October, in order to win re-election.
Quote:I will post some actual numbers and let the comparisons and discussion follow. The documented shenanigans of Obamabots deliberately refusing to Report jobless data in the months before the 2012 Election are a different matter, I will just use the Fake Data they produced and pretend it was real. The BLS uses both Seasonally Adjusted figures and Unadjusted figures, and interchanges them without clearly identifying so. For example, the current Rate of 4.1% (for 4 months straight) is SeasAdj, and the real Rate is 4.5% for Jan 2018. I will use only the Unadjusted numbers, to help maintain clarity and transparency. Some numbers may have a 0 placed as first digit, to maintain column form in this format. The 1st column of numbers is the unemployed. The 2nd column is the Rate. The 3rd column is what is called Marginally Attached to the Labor Force, which is included in the Want A Job Now category but NOT included in the Labor Force category and therefore excluded from the reported Unemployment category. The 5th column is the sum of Unemployed plus Marginally Attached - which more accurately represents the Actual Unemployed. The 6th column is the Rate for column 5 figure. The 7th column is the Involuntary Part-Time workers, who are Not Employed Full Time due to poor Economy, and want, are able to work FT. The 8th column is the Rate for column 7. The 9th column is the sum of the 5th column plus 7th column. 10th column is the Rate for column 9 figure. The Rates in columns 2, 4, 6, 8, 10 have the denominator of Labor Force. The 11th column is the Civilian Population. 12th column is Labor Force, 13th column is Participation Rate. 14th column is the published U-6 figure.
Quote:Comparing to The Great Depression: the Unemployment peaked in 1933 at 24.75% with 12.830 Million unemployed. In 1932 there were 12.060 M unemployed, and 11.340M in 1934, 10.610 in 1935. The 5 year stretch from 2009 to 2014 exceeded 12.9 Million each year, more Unemployed than the Great Depression. And 2014 was only less with the Fake figure, but including Marginally Attached was still more than Great Depression. The Civilian Adult Population steadily Increases, suggesting that figure is not manipulated. The Unemployment Rate was almost doubled by Jan 2010, and the Fake figure didn't return to 2008 level until Jan 2016. This figure after 2008 was able to be artificially less by shifting more unemployed into the Marginally Attached category, which Obamanomics managed to almost double. This Jan figure didn't return to 2008 level until 2017, after Trump was Elected. With 10 Million in 2008, this count did not fall back to sub-10 Million until 2017.
Quote:Comparing to The Great Depression: the Unemployment peaked in 1933 at 24.75% with 12.830 Million unemployed. In 1932 there were 12.060 M unemployed, and 11.340M in 1934, 10.610 in 1935. The 5 year stretch from 2009 to 2014 exceeded 12.9 Million each year, more Unemployed than the Great Depression. And 2014 was only less with the Fake figure, but including Marginally Attached was still more than Great Depression. The Civilian Adult Population steadily Increases, suggesting that figure is not manipulated. The Unemployment Rate was almost doubled by Jan 2010, and the Fake figure didn't return to 2008 level until Jan 2016. This figure after 2008 was able to be artificially less by shifting more unemployed into the Marginally Attached category, which Obamanomics managed to almost double. This Jan figure didn't return to 2008 level until 2017, after Trump was Elected. With 10 Million in 2008, this count did not fall back to sub-10 Million until 2017. With Obamanomics pushing more into the Involuntary Part-Time group, this also got bloated to disguise the horrible Unemployment problems, and this Rate did not return to 2008 level until 2018. The Jan Rate of all 3 categories combined of Obamanomics Unemployment did not fall back to 2008 level until 2018. The Labor Force Participation Rate steadily dropped each year until finally reversing in 2017, Trump's first year.
Quote: The Civilian Adult Population steadily Increases, suggesting that figure is not manipulated. Except possibly 2010, 2011, 2016. The Labor Force Participation Rate steadily dropped each year until finally reversing in 2017, Trump's first year.
Friday, December 24, 2021 11:09 PM
Friday, January 7, 2022 3:22 PM
Friday, January 7, 2022 3:23 PM
Friday, January 7, 2022 3:40 PM
Sunday, January 9, 2022 4:51 PM
Sunday, January 9, 2022 9:22 PM
Quote:Originally posted by 6IXSTRINGJACK: Record amount of jobs quit in November, and only less than 200k jobs filled in December. You'd better back off on the vaccine mandates, Joe*.
Tuesday, February 1, 2022 3:25 PM
Saturday, February 5, 2022 1:20 AM
Saturday, February 5, 2022 1:21 AM
Friday, March 4, 2022 3:44 PM
Friday, March 4, 2022 3:45 PM
Sunday, March 6, 2022 9:04 PM
Friday, April 1, 2022 8:43 AM
Friday, April 1, 2022 8:44 AM
Friday, April 1, 2022 8:56 PM
Saturday, April 2, 2022 2:10 AM
Quote:Originally posted by second: Employers continue to complain that they can't find enough workers, but apparently the real problem is that they like their current profit levels more than they like the idea of expanding production by paying higher wages to attract more job applicants. The ECI (employment cost index) is a measure of the total cost of employment, and it's been going down since the start of the pandemic. In 2021 it dropped two full percentage points. This chart goes through the end of 2021. Data for the first quarter of 2022 will be available at the end of April. Employers are paying workers less and less https://jabberwocking.com/raw-data-employers-are-paying-workers-less-and-less/
Saturday, April 2, 2022 5:58 AM
Quote:Originally posted by JEWELSTAITEFAN: Looks like steady rising under Trump. And then even Libtard Lockdowns couldn't bring it down. But then Lord Darth Obiden took over, and it dropped like a rock. Shockers.
Thursday, May 5, 2022 9:32 PM
Thursday, May 5, 2022 9:55 PM
Quote:Originally posted by JEWELSTAITEFAN: Tomorrow the Jobs Report comes out. However, for more than a month I've heard Lord Darth Obiden claim that he has created 7 million jobs. Despite the fact that his Labor Force continues to be less than the many months which Trump had greater than the current count. And the Actually Fully Employed count (JSF Tables 3 and 6) continues to be several million less than Trump created.
Thursday, May 5, 2022 11:25 PM
Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by JEWELSTAITEFAN: Tomorrow the Jobs Report comes out. However, for more than a month I've heard Lord Darth Obiden claim that he has created 7 million jobs. Despite the fact that his Labor Force continues to be less than the many months which Trump had greater than the current count. And the Actually Fully Employed count (JSF Tables 3 and 6) continues to be several million less than Trump created.Gotta love the lies and the spin. I guess the Legacy media has forgotten that at one point we lost 22 Million jobs when they told tens of millions of people that what they did for a living was non-essential. Get fucked, Libs.
Friday, May 6, 2022 9:59 AM
CAPTAINCRUNCH
... stay crunchy...
Friday, May 6, 2022 10:28 AM
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