Unemployment Is Really 14.3%--Not 7.6%

[fgarvb1]

Unemployment Is Really 14.3%--Not 7.6%

The current job-creation numbers are meaningfully below the level we might expect during a period of record corporate earnings and the reaching of new peaks in the major stock market indices.

Let’s go to the videotape –

The unemployment rate is 7.7%. But, there is another 0.6% of discouraged workers,(about 800,000) mainly the young, minorities and those without the all-necessary high school diploma. Another 0.9% are only marginally employed (whatever that means) and have mostly stopped looking for a job recently. More crushing is the 5.1% of the workforce most impacted by the 2008 downturn, who are working only part-time and would prefer to have a full-time position. That 5.1% part-time workers total 8 million people, who mostly are having trouble making ends meet and most likely have no health plan from their employer, according to Bob Eisenbreis, vice chairman and chief monetary economist at Cumberland Advisers, a New York-based investment firm that makes useful comments on the economy.

These numbers added together suggest that the true unemployment level– when part-time workers are included– is 14.3%–meaning that one in seven of every potential full-time employee in the U.S. economy is not able to earn a proper living wage–and thereby contribute to the snails-pace of economic growth.

more...



http://www.forbes.com/sites/robertl...pook-the-stock-market-bulls/?partner=yahootix

 

[Sean Renaud]

This is news since when?

 

[KyleW]

Ok.

Did you also know that the rate of new disabled workers is huge?

And it's been trending that way for a long time.

Something like 14 million people get money from the gov because they're disabled. Obviously many are. But some game the system. And the big problem is that once you're recognized as disabled, you will more than likely remain in that status for life. There is no real system to move people back to employment.

AND just because you're declined disability doesn't mean you're done. Some law firms specialize in disabillity appeals. And if you win the appeal you get the back amount due from when you applied.

You also automatically qualify for medicare.

There is the terrible side for the individual. You are committed to that check. I believe it's about 1000 a month on average. No raises, promotions etc.

Ths is not an obama thing blah blah

The pinko commies at npr told me all this.

 

[renard_ruse]

"Free" trade destroyed our economy. Both major parties are culpable in this treasonous disaster.

Ross Perot was right!

 

[Sean Renaud]

Treason? Laughable. You can't commit treason when you're the guy running the country.

 

[patient1]

Treason? Laughable. You can't commit treason when you're the guy running the country.

Some would argue that the guy running the country could commit treason by breaking his oath to "Protect, Preserve, and Defend the Constitution", and that Nixon crossed that line.

Talk amongst yourselves, or laugh as the case may be.

 

[Byron In Exile]

Treason? Laughable. You can't commit treason when you're the guy running the country.

Of course you can.

And for that there's this little thing called "Impeachment."

 

[Sean Renaud]

Some would argue that the guy running the country could commit treason by breaking his oath to "Protect, Preserve, and Defend the Constitution", and that Nixon crossed that line.

Talk amongst yourselves, or laugh as the case may be.

Sure spent a lot of time in jail didn't he. . .or was he hung. I forget.

Of course you can.

And for that there's this little thing called "Impeachment."

You can make that argument. But really that would be what a little thing called "revolution" is for. Impeachment is for criminal behavior, not treason. Treason is a specific crime and one that would warrant quite a bit more than simple removal from office.

 

[Byron In Exile]

You can make that argument.

But really that would be what a little thing called "revolution" is for. Impeachment is for criminal behavior, not treason. Treason is a specific crime and one that would warrant quite a bit more than simple removal from office.

"The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high crimes and Misdemeanors."

— US Constitution, Article II, Section 4.

 

[Sean Renaud]

"The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high crimes and Misdemeanors."

— US Constitution, Article II, Section 4.

You know what fine. You're right. The past few presidents are all traitors and have committed treason. You win, I was wrong. I just figured I lived in a country that wasn't filled with the kind of dunderheads who would let a traitor step down and do nothing beyond that.

 

[JAMESBJOHNSON]

I'm reading THE BEST AND THE BRIGHTEST by David Halberstam, who was a good liberal and Democrat. But he was honorable and spilled the beans on how they do things in Washington. Generally speaking, honesty kills careers quicker than anything. Doing the right thing is a close 2nd place. And making fucktards look bad is 3rd. Same as where you work.

 

[Byron In Exile]

You know what fine. You're right.

Yes, I know.

The past few presidents are all traitors and have committed treason.

^ red herring - I never said that.

You win, I was wrong.

I know.

I just figured I lived in a country that wasn't filled with the kind of dunderheads who would let a traitor step down and do nothing beyond that.

Again, that wasn't what we were discussing.

Did you already forget what you were wrong about?

 

[mercury14]

"The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high crimes and Misdemeanors."

— US Constitution, Article II, Section 4.

Gotta be criminally convicted of treason before being impeached for it I guess.

Why is this being discussed?

 

[mercury14]

Unemployment Is Really 14.3%--Not 7.6%

The current job-creation numbers are meaningfully below the level we might expect during a period of record corporate earnings and the reaching of new peaks in the major stock market indices.

Let’s go to the videotape –

The unemployment rate is 7.7%. But, there is another 0.6% of discouraged workers,(about 800,000) mainly the young, minorities and those without the all-necessary high school diploma. Another 0.9% are only marginally employed (whatever that means) and have mostly stopped looking for a job recently. More crushing is the 5.1% of the workforce most impacted by the 2008 downturn, who are working only part-time and would prefer to have a full-time position. That 5.1% part-time workers total 8 million people, who mostly are having trouble making ends meet and most likely have no health plan from their employer, according to Bob Eisenbreis, vice chairman and chief monetary economist at Cumberland Advisers, a New York-based investment firm that makes useful comments on the economy.

These numbers added together suggest that the true unemployment level– when part-time workers are included– is 14.3%–meaning that one in seven of every potential full-time employee in the U.S. economy is not able to earn a proper living wage–and thereby contribute to the snails-pace of economic growth.

more...



http://www.forbes.com/sites/robertl...pook-the-stock-market-bulls/?partner=yahootix

It doesn't matter. Conservatives will continue to redefine unemployment no matter what happens.

 

[Byron In Exile]

Gotta be criminally convicted of treason before being impeached for it I guess.

One could be criminally charged after being impeached.

Why is this being discussed?

Treason? Laughable. You can't commit treason when you're the guy running the country.

 

[tactful]

Wait, are you saying that the Government is not being honest with us, no way, they wouldn't do that, say it isn't so.
You're making this up to make them look bad, aren't you.

 

[RobDownSouth]

Unemployment Is Really 14.3%--Not 7.6%

The current job-creation numbers are meaningfully below the level we might expect during a period of record corporate earnings and the reaching of new peaks in the major stock market indices.

Let’s go to the videotape –

The unemployment rate is 7.7%. But, there is another 0.6% of discouraged workers,(about 800,000) mainly the young, minorities and those without the all-necessary high school diploma. Another 0.9% are only marginally employed (whatever that means) and have mostly stopped looking for a job recently. More crushing is the 5.1% of the workforce most impacted by the 2008 downturn, who are working only part-time and would prefer to have a full-time position. That 5.1% part-time workers total 8 million people, who mostly are having trouble making ends meet and most likely have no health plan from their employer, according to Bob Eisenbreis, vice chairman and chief monetary economist at Cumberland Advisers, a New York-based investment firm that makes useful comments on the economy.

These numbers added together suggest that the true unemployment level– when part-time workers are included– is 14.3%–meaning that one in seven of every potential full-time employee in the U.S. economy is not able to earn a proper living wage–and thereby contribute to the snails-pace of economic growth.

more...



http://www.forbes.com/sites/robertl...pook-the-stock-market-bulls/?partner=yahootix

It's always interesting how conservatives continually rediscover the U4, U5, and U6 alternate measures of unemployment (as if it is a brand new thing) each and every time there's a Democrat in the White House.

Not surprisingly, people like the Vettebigot and Christian bigot fbgarbv1 "ack-cent-uate the negative" by fixating on the U6 rate, because that reflects most poorly on the gummint.

It's also worth noting that since Forbes published that hand-wringing "expose" of unemployment, the U-6 rate has dropped from 14.3 to 13.8 in one month.

In any event, it's absolutely 100% wrong for Christian bigot fbgarbv1 to claim that unemployment is "really" 14.3%, it is just another measure. The U-3 rate is the one that has been most commonly reported for decades.

 

[unregistered]

 

[RobDownSouth]

The Wingnut Wet Dream

Operation Impeach Teh Negar got off to a slow start last November, but has become the central focus of a large number of wingnut lives. It gives them purpose.

Impeachment!
Impeachment!
IMPEACHMENT!

 

[Liar]

He doesn't realize that the President can be impeached for anything the House charges and removed from office if the Senate sustains. There is no appeal.

Iirc, the thing about impeachment is that it's not a criminal charge. He's removed from office, well la-de-dah. It's the board of directors firing the CEO, basically (ok, not quite, but you get the drift). But since you have this democracy thing going, they can't just do it willy nilly, so there are lots of rules for how and why.


Anyway, I sort of missed it... what does this have to do with different ways to measure unemployment?

 

[LiFeNdEaTh]

interesting..

 

[JohnnySavage]

Iirc, the thing about impeachment is that it's not a criminal charge. He's removed from office, well la-de-dah. It's the board of directors firing the CEO, basically (ok, not quite, but you get the drift). But since you have this democracy thing going, they can't just do it willy nilly, so there are lots of rules for how and why.


Anyway, I sort of missed it... what does this have to do with different ways to measure unemployment?

The various data the government publishes on unemployment is interesting, and was, historically, important. It's more of cat-nip for dumbasses in today's economy though.

The demographics of the work force, and what constitutes "employed" has changed so much in the past 10 years that the traditional metrics don't really matter that much.

 

[Liar]

interesting..

Not really, no.

 

[JAMESBJOHNSON]

Things are actually much worse than they let on when you consider that 10,000 Boomers retire every day, that's 3,000,000 every month. Yet the new jobs are less than 10% of that number.

 

[JohnnySavage]

Things are actually much worse than they let on when you consider that 10,000 Boomers retire every day, that's 3,000,000 every month. Yet the new jobs are less than 10% of that number.

You may want to re-think that statement.