Unemployment numbers- The ugly truth

[Max E.]

Quote from RCG Trader:

Max, you really need to get away from Alex Jones, bruh.

Nice try, i think alex jones is insane, and have never listened to his show.

 

[Ricter]

Quote from Clubber Lang:

Unemployment fell to 7.7 percent from 7.9 percent in January. Despite strong jobs gains, most of the reduction in unemployment resulted from fewer adults looking for work. Although the adult population increased 165,000, the labor force decreased 130,000 as about 295,000 additional adults chose not to look for work.

Why did those adults choose not to look for work?

 

[Lucrum]

Quote from RCG Trader:

....but in the real world......

Affirmative action ≠ "real world", bitch.

 

[CaptainObvious]

http://www.time.com/time/magazine/article/0,9171,842009,00.html

Unemployment has not existed in the Soviet Union since 1930—officially. The Russians are nonetheless finding it harder to ignore the growing number of people who are out of work. The rate is still officially only about1½% of the work force—largely because of close state control of jobs and much make-work—but that means that more than 1,000,000 workers are out of jobs in a society that claims to take care of all the workers' needs. The figure is much higher if short-term unemployment is included: an estimated 11 million Soviet workers switch jobs each year, each averaging an unpaid layoff...


Look familiar? What could possibly go wrong with a government that completely ignores the facts?

 

[RCG Trader]

Quote from Max E. Pad:

Nice try, i think alex jones is insane, and have never listened to his show.

Well then, get away from Matt Drudge.

 

[RCG Trader]

Quote from CaptainObvious:

http://www.time.com/time/magazine/article/0,9171,842009,00.html

Unemployment has not existed in the Soviet Union since 1930—officially. The Russians are nonetheless finding it harder to ignore the growing number of people who are out of work. The rate is still officially only about1½% of the work force—largely because of close state control of jobs and much make-work—but that means that more than 1,000,000 workers are out of jobs in a society that claims to take care of all the workers' needs. The figure is much higher if short-term unemployment is included: an estimated 11 million Soviet workers switch jobs each year, each averaging an unpaid layoff...


Look familiar? What could possibly go wrong with a government that completely ignores the facts?

the old red scare? Update the playbook, Cap'n

 

[RCG Trader]

Quote from Lucrum:

Affirmative action ≠ "real world", bitch.

Strom Thurmond is dead, Jeeves. Get over it.

 

[pspr]

Quote from RCG Trader:

Strom Thurmond is dead, Jeeves. Get over it.

Nobody cares about your constant attacks. You just show up and start calling people names and trying to piss them off. You should just stay away if you have nothing resonable to contribute. What's wrong with you?

 

[Ricter]

At any rate, all this "sekret" data which proves we're all much worse off than we know, it's a wash. If today's employment numbers were down, we'd be worse off instead of better off.

 

[PiggyBank]

Quote from Ricter:

At any rate, all this "sekret" data which proves we're all much worse off than we know, it's a wash. If today's employment numbers were down, we'd be worse off instead of better off.

While that's true ricter, clubber lang is right. The participation rate continues to drop. And before you say it's because of the boomers retiring, I think denner was correct and you were not (last time we had this argument). A little stat straight from the BLS, is that the participation rate of people aged 65 and older has increased since 2008, and the participation rate of everyone else 16-64 continues to decline. Looks like the old folks are not in such good shape to be retiring, never mind early.