|
Replies: 8
| visibility 1
|
All-In [34102]
TigerPulse: 100%
Posts: 33606
Joined: 9/13/99
|
Did everyone forget the "REAL" unemployment number?
Jul 7, 2019, 5:24 PM
|
|
The labor participation rate. Haven't gotten any updates on that since Barry left office.
FOR.
SOME.
REASON.
|
|
|
|
 |
CU Guru [1907]
TigerPulse: 90%
Posts: 3154
Joined: 11/11/17
|
Re: Did everyone forget the "REAL" unemployment number?
Jul 7, 2019, 5:38 PM
|
|
Really,labor participation is the real unemployment number huh? No, that would be U6, labor participation with aging boomers leaving the work force in droves to retire is largely meaningless. U6 is the best number we have on unemployment.
|
|
|
|
|
|
Oculus Spirit [93648]
TigerPulse: 100%
Posts: 95406
Joined: 12/25/09
|
Hum...
Jul 7, 2019, 6:03 PM
|
|
|
|
|
|
|
|
|
|
All-In [34102]
TigerPulse: 100%
Posts: 33606
Joined: 9/13/99
|
|
|
|
|
|
CU Guru [1907]
TigerPulse: 90%
Posts: 3154
Joined: 11/11/17
|
Re: Did everyone forget the "REAL" unemployment number?
Jul 9, 2019, 12:34 PM
|
|
No, I was trying to politely tell you that you are totally wrong. Maybe politeness will not work with you. Labor participation is not anywhere close to an UE indicator dummy. It reflects only the portion of employed out of total population and as such includes people not working due to being in school, housewives and retired folks. Good grief this is not that hard is it? I guess it is for SOME. As the rest of us boomers retire it is gonna get worse on labor participation. We are healthy ,for the most part and will be counted as not participating for a looooooong time.
|
|
|
|
|
|
CU Guru [1907]
TigerPulse: 90%
Posts: 3154
Joined: 11/11/17
|
Re: Did everyone forget the "REAL" unemployment number?
Jul 9, 2019, 12:41 PM
|
|
As to preclude a stupid reply, yes I said the same thing to the other side when they used it with BHO. Plainly wrong is plainly wrong no matter who is in office.
|
|
|
|
|
|
Oculus Spirit [93648]
TigerPulse: 100%
Posts: 95406
Joined: 12/25/09
|
Did you keep up with it while Barry was POTUS?***
Jul 7, 2019, 6:04 PM
|
|
|
|
|
|
|
|
Oculus Spirit [97697]
TigerPulse: 100%
Posts: 64837
Joined: 7/13/02
|
The sharp decline stopped when Trump took over.
Jul 7, 2019, 8:12 PM
|
|
Hasn't risen much, but it's leveled off. That means also that our jobs numbers are becoming more "real" and the increase in unemployment from 3.6 to 3.7% in the last update was due to more people who were not looking for work (who somehoe count as NOT unemployed), starting to look for work, instead of dropping out of the labor force by stopping looking for work. hth
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
|
|
|
|
|
|
Oculus Spirit [93648]
TigerPulse: 100%
Posts: 95406
Joined: 12/25/09
|
As reported 330,000 reentered the workforce in June.
Jul 7, 2019, 11:13 PM
|
|
As you say, the UE number is becoming more accurate and reliable a factor which Obama didn't have since most of those people and millions more were taken off the rolls during his time in office. I'm not saying the horrible economy which brought this on was all due to anything Obama did or didn't do.
I'm just saying it took Trump to make policy to cause their return to being counted.
|
|
|
|
|
|
Replies: 8
| visibility 1
|
|
|
50
