US Unemployment Down to 5.9%...Lowest in 6 Years

As I understand it, huge numbers of long-term unemployed have stopped looking....and are no longer counted.
 

Yes Meanderer. Unemployment figures are not easy to interpret. Change in the participation rate is something that needs to be examined. Also the definition of employment. Over here, if you receive just one hour of work in a week you are removed from the tally.
 
Worse for many is the lower wages for most now working. Those extra unemployed are neglected and lost for the count. Some effort has been made to make sure all unemployed are counted and not ignored, but it never happens to be done. Many one time good earners are now working fo two jobs and lower wages. It is a real mess to try to understand how this is really representing good for the US. One example shown on our evening news was people hiring only college degree folks at $50,000 start wage to do some programing work. How about the working class folks, labor or factory workers?
 
The unemployment rate has been steadily dropping since President Obama took office, the economy is improving....imagine the praise if he was a white Republican.
 
Dame Warrigal said:
Yes Meanderer. Unemployment figures are not easy to interpret. Change in the participation rate is something that needs to be examined. Also the definition of employment. Over here, if you receive just one hour of work in a week you are removed from the tally.
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Unemployment figures are put out by the Labor Department after Obama and company approves it
 
Yup, these numbers really don't account for the under employed, part timers or the cash only economy. Numbers released near the end of a week that included negative secret service and ebola new with ISIS still in the picture.
 
Unemployment_Drops_300.png
 
Unemployment numbers may be down... however, wages for the poor and middle class have been stagnant for the last decade or more.. while the wealthy have seen an increase of 287% in their incomes. So tell me again how things are improving for the average person?
 
Davey Jones said:
Its STILL all Bushs fault.:D
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I think we can go back much farther than that.. TO REAGAN.. with his ill conceived supply side economics.. or REAGANOMICS as it has been termed. He is the one who began the GOPs assault on the middle class and laid the groundwork for what the GOP has been able to provide to the wealthy at the expense of the rest of us..
 
252,000 Jobs in December '14, Unemployment Down to 5.6%

Unemployment...http://www.forbes.com/sites/samanth...00-jobs-in-december-unemployment-down-to-5-6/

Employers added 252,000 jobs in December, according to the latest payroll report out Friday morning from the Bureau of Labor Statistics. That figure is somewhat stronger than economists’ forecast that 240,000 jobs would be added. The unemployment rate, which is drawn from a different survey of households, moved down to 5.6%, the lowest level since the recession and a greater than expected decline from last month’s 5.8%.
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Something to note is that many of those unemployed for long periods do not show up in these stats at all. They should be recognized as still unemployed or now fully or partially employed. Not recognizing there existence does not make their lives any better or worse, just ignored.

Who is this Mitchie you speak of QuickSilver. I must have missed his name in the article being reviewed.
 
SifuPhil said:
The government lies.
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No, the government doesn't lie....it just juggles the numbers so as to make people think that everything is nice and Rosy. Jobs numbers, Alone, are nearly meaningless unless wages, etc., for those jobs are included.

Perhaps the MOST "telling" statistic is the Number of People on Food Stamps. At last count there were about 47 million people in the US who are receiving Food Stamps. That means that about 1 in every 6 people in this nation needs government assistance to put a decent meal on the table. Now, THAT is a statistic that should be garnering some Serious Attention from our government. What good is a job if it doesn't lift a person or family out of poverty??
 
As the jobs picture brightens those people who gave up looking come back into the labor force. Yes it would be great if wages increased. It would be great if large corporations hadn't moved jobs overseas. It would have been great if the Republicans had supported a more robust recovery stimulus. But given all the head winds the economy has had to face since the economy's near collapse in 2008 I think nearly seven years positive job growth is a remarkable accomplishment.

private-sector-job-growth-chart-for-bush-and-obama-how-technology-is-making-high-unemployment-a-.jpg
 

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