Don't believe Unemployment is "4.3%"; Record 102M Working Age Yanks are Idle

[Anonymous 0]

http://theeconomiccollapseblog.com/archives/the-real-unemployment-number-102-million-working-age-americans-do-not-have-a-job

138,000 jobs “created” last month…but 367,000 full time jobs lost…so the net number of new part-time jobs has to be at least 505,000. Also, they count one guy with two part-time jobs as two jobs. There has been no “recovery”, the US is just a sick patient holding a low grade fever and about to get a lot sicker.

[KeymasterKeymaster]

I recently heard a boasting of record number of +jobs and BIGLY lower unemployment (about 2 weeks ago) but I don’t remember where I saw it. They were raving about it, and it was the first major uptick in years. But I can’t cite the source or say it was credible. Just thought it was interesting.

If you keep doing what you've always done... you're gonna keep getting what you always got.

[Can’t Stump TrumpParticipant]

Trump is creating jobs by giving businesses incentives to hire, while liberals destroy jobs by artificially creating a $15 dollar minimum wage, forcing businesses that can’t afford to pay that much to lay off their employees. It’s a back and forth battle.

Women are better at multitasking? Fucking up several things at once is not multitasking.

[Jan SobieskiParticipant 28791]

http://www.shadowstats.com

I rwally don’t trust those numbers anymore.

What kind of jobs are they?

I’m looking in STEM and damn, there is nothing decent out there.

Love is just alimony waiting to happen. Visit mgtow.com.

[Anonymous 6]

Yea this is the holdover from Obama’s economy. I used to say it then, i’ll still say it now. The unemployment rate is not 4%. 95 Million people were out of work and that number is climbing. It’s only been 6 months into Trump, we got eight years left. I’m willing to guarantee those unemployment numbers go down within those eight years

[KevinStylesParticipant 2580]

Ya unemployment #’s are a complete joke. It only counts people who are drawing from unemployment who are required to attempt to find work. If you’re not drawing unemployment insurance money because you’ve run out of benefits or just given up looking for work, you don’t count.

The more accurate number is the U-6 rate which is typically about double the fake official unemployment rate. As of May 2017 the U-6 rate is 8.4%. But it too isn’t a complete picture but it’s a more complete picture than what the government passes around as the unemployment #.

[FrankOneParticipant 1417]

It’s more useful to look at ‘labor participation rates’ in a given age bracket, in my opinion. I like to look at 25-54 years old (prime working years in my opinion), and I’ll let the chart speak for itself: https://fred.stlouisfed.org/series/LNU01300060

It’s a lot higher than 4.3%, but a lot lower than 102M, 102M/331M population = 30%. That figure, IS close to accurate, if you plot ages 16+ — but many people stop participating in paid labor at 65 or even younger, and as the population shifts towards older, due to people living longer and lower fertility, that skews numbers… It’s an interesting site, you can plot a wide range of demographics.

Even so, 81.7% participation = 18.3% NON-participation, a LOT higher than 4.3%… By a factor of 400%…

[WhackerGuy2030Participant 999]

I don’t think anything is fixed yet. We beat the crap out of Obama for his phony unemployment numbers. It’s only fair to call this what it probably is. You have to look at the U6 numbers where it shows the number of people working.
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The rate itself has been debunked long ago. A number of years back there was a stark divergence in unemployment numbers and disability recipients. It was nearly a perfect inverse relationship. They jumped off one program onto another. There should be a national outcry over the conditions of this country when 1 in 9 working age people are “disabled.”
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Another situation where resources for those who need it are hijacked by s~~~bags.

[Anonymous 6]

Yea its gonna be awhile till we can get some real numbers and even then, let’s not forget some of Obama’s people still work at the Department of Labor. When they get out, then some true numbers can come to light

[FunInTheSunParticipant 8283]

This makes me wonder what these folks are doing all day. Sometimes I see a lot of young adults just standing around in the downtown area. They just stand around and talk to each other.

I’m assuming that the unemployed are living with people who are employed or getting some kind of government subsidy. Then there are those who stand near freeway exits begging for money, and those that spend the day collecting cans & bottles.

I wish we had a WPA program for anyone who’s unemployed. I would like to use tax revenue, temporarily, to get these individuals into the workforce for a few years. I want them to be building new roads, new canals, new cell phone towers, etc. I want some brand new infrastructure around here, dammit.

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[BeerParticipant 11832]

FunInTheSun wrote:

I want them to be building new roads, new canals, new cell phone towers, etc. I want some brand new infrastructure around here, dammit.

Oh but those are jobs American’s don’t want to do…just ask any liberal, they’ll tell you. We need illegals to do that kind of stuff for us.

[1k205kParticipant 11]

Jan Sobieski wrote:

I’m looking in STEM and damn, there is nothing decent out there

There are tons of well compensated data science jobs that pay six figures even in 3rd tier cities. They require computer science with a strong statistical background and machine learning knowledge.

Web development is an evergreen industry. Software in general is expanding like mad.

Where are you looking? What are you looking for? If you google “fastest growing fields” and check out job trends and the like on job aggregator sites like indeed.com, you can see that there are always growth areas.

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