Unemployment 5.7%

[Engineer]

Originally posted by: BoomerD

As a rule, this isn't that they're no longer seeking work, but that they've exhausted their unemployment benefits and have given up on finding a job through the state empoyment department. Once you're unemployment runs out, you're no longer "on the radar."

I didn't think that was the case...i.e. number of people collecting unemployment doesn't equal unemployment rate. New people entering the work force looking for work don't get unemployment and they are somehow counted....

 

[nergee]

Originally posted by: jackace
On the news this evening they were saying the problem really isn't the unemployment rate at this point. The problem is underemployment or full-time being moved to part-time. They said 2.8 million people this year (nationwide) have been moved from full-time to part-time status many of those positions "career" positions. This leaves many people without medical and dental insurance and smaller paychecks. I know in my area VERY few college grads are getting jobs. The 3 largest employers in my area are not offering internships or entry level positions. This includes engineering, IT, and Business fields.

U-6 is 10.3% (probably closer to 15 due to bogus number reporting in an election year).
It is going to get worse.........

 

[BoomerD]

Originally posted by: Engineer

Originally posted by: BoomerD

As a rule, this isn't that they're no longer seeking work, but that they've exhausted their unemployment benefits and have given up on finding a job through the state empoyment department. Once you're unemployment runs out, you're no longer "on the radar."

I didn't think that was the case...i.e. number of people collecting unemployment doesn't equal unemployment rate. New people entering the work force looking for work don't get unemployment and they are somehow counted....

I think what you're saying is true too. There ARE new workers entering the workforce...or try to, whether it be those who have just graduated from high school, college, or trade school, new immigrants, housewifes returning to the workplace after years of raising a family, etc. I'm not sure WHERE they get the numbers, if it's from new people registering at their local state job service, or if they're just rough estimates.

I was referencing the earlier statement:

Originally posted by: umbrella39

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

 

[GrGr]

Originally posted by: nergee

Originally posted by: jackace
On the news this evening they were saying the problem really isn't the unemployment rate at this point. The problem is underemployment or full-time being moved to part-time. They said 2.8 million people this year (nationwide) have been moved from full-time to part-time status many of those positions "career" positions. This leaves many people without medical and dental insurance and smaller paychecks. I know in my area VERY few college grads are getting jobs. The 3 largest employers in my area are not offering internships or entry level positions. This includes engineering, IT, and Business fields.

U-6 is 10.3% (probably closer to 15 due to bogus number reporting in an election year).
It is going to get worse.........

Yup.

John Williams at Shadowstats has U6 at 13.7 %

 

[blackangst1]

Originally posted by: dmcowen674

Originally posted by: Whoozyerdaddy

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

If they aren't seeking work are they really unemployed?

The whole "no longer seeking work" is such bullshit.

All these people magically inherit sugar daddies and don't need money anymore?

No, they plan. When I was out of work for 9 months I wasnt looking. And I was only making 46k/yr so not rich.

Not everyone is a terrible financial planner like...some of us.

 

[WhipperSnapper]

Originally posted by: eskimospy
Something that's interesting is the idea that the massive expansion of our prison population has something to do with our lowered unemployment rates. We currently have incarcerated a huge amount of people from those prime employment years that aren't counted towards our unemployment rate.

We also have lots of military reservists serving overseas.

 

[umbrella39]

Originally posted by: Whoozyerdaddy

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

If they aren't seeking work are they really unemployed?

Are they really not seeking work just because they cashed their last UIA check? I guess going to job fairs and in person interviews ceases to be called looking for work just because benefits have run out then.

On the flip side, just because someone is pulling a check certainly doesn't mean they are actively seeking employment, I know many who simply aren't. They are waiting for it to run out before looking for another job.

Hell, there used to be a time not so long ago that you would actually have to "prove" you had filled out applications, went on interviews, etc. Now-a-days, all you have to do is call MARVIN here in Michigan and press a # on the phone for yes.

 

[sportage]

I find it hard to believe republicans have the nerve to even run ANYONE for president, considering how democrats left the country in 2000 vs republicans in 2008. The nerve!!!

 

[dmcowen674]

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: Whoozyerdaddy

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

If they aren't seeking work are they really unemployed?

The whole "no longer seeking work" is such bullshit.

All these people magically inherit sugar daddies and don't need money anymore?

No, they plan. When I was out of work for 9 months I wasnt looking. And I was only making 46k/yr so not rich.

Not everyone is a terrible financial planner like...some of us.

Bahahahahaha Most non-rich Americans live check to check

You can't have any plan to lose your job.

Thanks for playing as usual Mr rich.

 

[fskimospy]

Originally posted by: blackangst1

Originally posted by: eskimospy

Originally posted by: blackangst1

Originally posted by: BrownTown
My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

Funny you should mention that. I recently was offered a network engineering position in Seattle 2 weeks ago from a resume on file from 3 years ago lol. They offered me about 10% more than what Im making now, to which the company I work for now offered 12% for me to stay here in Phoenix.

Well, OK. An unplanned raise is good

My ex girlfriend who used to go to ASU said her CD's just about melted in her car there one time. You sure you want to stay in Phoenix??

lol absolutely. Ive lived in just about every part of the country, incuding Seattle for 14 years, and this is my choice. Although there are 3 months out of the year that are just plain SCORCHING, the other 9 months are heaven. Imagine 200 days in a row knowing it was gonna be 70-90 and sunny. yummy. Not to mention arts, music, and culture are big here.

I don't have to imagine it! San Diego here, it's pretty much the same deal except we don't get super hot in the summer. My place doesn't have air conditioning and I rarely even have to use a box fan in the summer... max temp about 85 or so here by the beach. It will get sunny in June and pretty much stay nice until January, we've gone more then 6 months without it raining before.

The arts, music, and culture here sorta blow though. Sadness.

 

[BoomerD]

Only in republican-world would having 5% of your population unemployed, be a good thing. A country should strive for as close to 100% employment as possible. The only people who should be unemployed are those who CAN'T work, and those who don't need/want to work. (and the ones who don't WANT to work should not get any kind of government subsidy.) Hell, I've never WANTED to work...

 

[Slew Foot]

Economically speaking, 5 % unemployment is considered full. If you take 100 random people, Im sure you could find 5 that you wouldnt trust at doing anything.


Which brings up an interesting point, would you classify me as being employed or unemployed?
I left my old job June 30, My new job doesnt start until Aug 6, Im not currently looking for work (as I already have a job) but Im not getting a paycheck or collecting unemployment.

 

[BoomerD]

Technically you're unemployed, but perhaps not for the numbers counters.

I've been in similar situations over the years, where I'd quit one job but had another one waiting. Never took a full month off between jobs though. A week or two is about the most I've ever been able to sneak between jobs.


Even those 5 out of 100 should be able to do SOMETHING, whether it be cleaning floors, working on a farm slopping the pigs, or a help-desk job...

 

[blackangst1]

Originally posted by: BoomerD
Technically you're unemployed, but perhaps not for the numbers counters.

I've been in similar situations over the years, where I'd quit one job but had another one waiting. Never took a full month off between jobs though. A week or two is about the most I've ever been able to sneak between jobs.


Even those 5 out of 100 should be able to do SOMETHING, whether it be cleaning floors, working on a farm slopping the pigs, or a help-desk job...

Unless they think they deserve something better, or dont WANT to work. Im sure theres a good portion of those types int he numbers.

 

[blackangst1]

Originally posted by: dmcowen674

Bahahahahaha Most non-rich Americans live check to check

No one's fault but their own.

Originally posted by: dmcowen674

You can't have any plan to lose your job.

You CAN plan for unemployment. Its called an emergency fund.

Originally posted by: dmcowen674
Thanks for playing as usual Mr rich.

Im not.

Troll.

 

[blackangst1]

Originally posted by: eskimospy

Originally posted by: blackangst1

Originally posted by: eskimospy

Originally posted by: blackangst1

Originally posted by: BrownTown
My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

Funny you should mention that. I recently was offered a network engineering position in Seattle 2 weeks ago from a resume on file from 3 years ago lol. They offered me about 10% more than what Im making now, to which the company I work for now offered 12% for me to stay here in Phoenix.

Well, OK. An unplanned raise is good

My ex girlfriend who used to go to ASU said her CD's just about melted in her car there one time. You sure you want to stay in Phoenix??

lol absolutely. Ive lived in just about every part of the country, incuding Seattle for 14 years, and this is my choice. Although there are 3 months out of the year that are just plain SCORCHING, the other 9 months are heaven. Imagine 200 days in a row knowing it was gonna be 70-90 and sunny. yummy. Not to mention arts, music, and culture are big here.

I don't have to imagine it! San Diego here, it's pretty much the same deal except we don't get super hot in the summer. My place doesn't have air conditioning and I rarely even have to use a box fan in the summer... max temp about 85 or so here by the beach. It will get sunny in June and pretty much stay nice until January, we've gone more then 6 months without it raining before.

The arts, music, and culture here sorta blow though. Sadness.

San Diego is pretty nice IMO. Who needs entertainment when there is PLENTY 20 miles to the south right across the border!

 

[BoomerD]

Originally posted by: blackangst1

Originally posted by: BoomerD
Technically you're unemployed, but perhaps not for the numbers counters.

I've been in similar situations over the years, where I'd quit one job but had another one waiting. Never took a full month off between jobs though. A week or two is about the most I've ever been able to sneak between jobs.


Even those 5 out of 100 should be able to do SOMETHING, whether it be cleaning floors, working on a farm slopping the pigs, or a help-desk job...

Unless they think they deserve something better, or dont WANT to work. Im sure theres a good portion of those types int he numbers.

If they DESERVE better, let them prove it...if they don't WANT to work, that's fine too, but no public funds to support them.

 

[blackangst1]

Originally posted by: BoomerD

Originally posted by: blackangst1

Originally posted by: BoomerD
Technically you're unemployed, but perhaps not for the numbers counters.

I've been in similar situations over the years, where I'd quit one job but had another one waiting. Never took a full month off between jobs though. A week or two is about the most I've ever been able to sneak between jobs.


Even those 5 out of 100 should be able to do SOMETHING, whether it be cleaning floors, working on a farm slopping the pigs, or a help-desk job...

Unless they think they deserve something better, or dont WANT to work. Im sure theres a good portion of those types int he numbers.

If they DESERVE better, let them prove it...if they don't WANT to work, that's fine too, but no public funds to support them.

I agree 100%. The problem is alot of Americans want it handed to them on a silver platter. Because of our social program growth many Americans feel they DESERVE better, not that they should EARN it themselves. Know what I mean?