Forum Thread

The un-employment rate

Reply to ThreadDisplaying 5 Posts
  • Are you sure you want to delete this post?
        

    Today they announced an "fantastic" unemployment rate; it indeed looks suspicious. All the Trump supporters are wild now and certain people say that makes an second term sure. Since this "rate" is the lowest ever (as the Trumpers say) then Trump deserves an second term. I've got the strong feeling that whoever produces these "numbers" is may be "bought" by the the Trump clan. Also the influence of the "trade wars" is no where to be found; in the meantime GM is laying of 800 workers.

    The only thing I hope for is that the Dem's get the impeachment done, but it will be an uphill battle.

    Comments?

  • Are you sure you want to delete this post?
        

    There is a lot of hiring now for the Christmas season -- Amazon, UPS, FedEx and local stores. And early next year there will be another employment bump with the hiring of census takers. In fact looking at the ads, the government is hiring now and training the census takers...."no experience needed."

    We'll see how the employment situation works out after the census workers are finished next year.

  • Are you sure you want to delete this post?
        
    Schmidt Wrote:

    There is a lot of hiring now for the Christmas season -- Amazon, UPS, FedEx and local stores. And early next year there will be another employment bump with the hiring of census takers. In fact looking at the ads, the government is hiring now and training the census takers...."no experience needed."

    We'll see how the employment situation works out after the census workers are finished next year.

    Schmidt; however in the meantime during the "impeachment" happening, they (the GOP) will use this as propaganda for their cause; also the dumb uneducated voters will only look at these numbers ( let alone know what they mean) and not at all at the behavior of the "king"
  • Are you sure you want to delete this post?
        

    The unemployment rate is certainly low. You can't deny that. However, peel back a layer of the onion and a big chunk of these jobs are low-wage/little-to-zero benefits jobs. High wage, good benefit jobs are few and far between for those who don't have a background in the computer science and technology field.

    The "economy" is what each individual thinks the economy is like, especially for Republicans. They, more than any other group, think the economy is bad when a Democrat is President and good when a Republican is in charge. Democrats aren't immune to this type of thinking, but Republicans take it to the extreme.

    Image result for partisan view of economy by year

    Republicans literally went from thinking the economy is truly horrible for eight years to thinking it's the best it's ever been over night.

  • Are you sure you want to delete this post?
        

    Just wait until the BLS readjusts those UE figures. In Previous adjustments, from past years, they edited those figures which meant that the unemployment of people was actually higher than reported earlier. In other words, I did a search a while back when employment figures showed that for at least one month last year, it was reported that 180,000 new jobs were created, in truth and fact, only about 112,000 new jobs became available. In other words, lack of employment is sugar coated and bumped up or down using several different methods to conclude employed vs unemployed. It's usually the earlier (bumped up) to show that everything is hunky dory, when it's actually inflated employment numbers to paint a rosy economic picture. Which the BLS usually always does.

    It doesn't take into account what Jared wrote about, people working part time jobs and more than one in some cases, people who just stopped looking for gainful employment, people who have exhausted all of their UE benefits and stopped applying for them, plus many other factors which were not taken into account. The BLS should change their acronym to ALLBS.

    Full time employment these days is hard to come by because people (workers) seem to want a benefit or two when being employed full time, and companies and corporations are not into giving any fringe benefits, hence, hire more part time employees so they don't have to provide any fringe benefits.

    BTW, the federal minimum wage is still $7.25 per hour. In my state, that's the state minimum wage, and here, employers take full unfair advantage of that fact. Figure it out, $7.25 X 30 hours = $217.50, figure 30 hours times 4 weeks in a month, and that's only $870.00 per month, which a person is supposed to pay rent, pay utilities, have a phone, a car, pay health and auto liability insurance, and this is why our economy isn't all that great as republicans say that it is.