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What the Media Didnít Tell You About Fridayís Unemployment Spike
Townhall.com ^ | 8 June 2008 | Jerry Bowyer

Posted on 06/08/2008 8:20:37 PM PDT by K-oneTexas

What the Media Didn’t Tell You About Friday’s Unemployment Spike By Jerry Bowyer

It wasn’t Bush, it wasn’t greedy corporations, or free trade, or history’s most over-predicted recession. It was not the oil companies, income inequality, or the excesses of cowboy capitalism. None of these things caused the unemployment rate to jump a half a percentage point in one month.

Ask yourself a few questions: Why did unemployment surge at a time when unemployment compensation claims are historically low? More to the point, how could unemployment spike this much without a coinciding spike in corporate lay-offs?

The answer to all of these questions is same: because very few people lost jobs last month. This huge jump in the size of the unemployed comes from new entrants to the economy – hundreds of thousands of them. In short, well over 600,000 people who were not job seekers in April became job seekers in May. And who starts looking for work at the end of Spring? That’s right – students. Hundreds of thousands of students are looking for work right now, and they’re not finding it.

Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase.

Now, we see the perfectly logical outcome of wage controls – rising unemployment among the most economically vulnerable. The chart above tells the story: Friday’s unemployment spike occurred overwhelmingly among teenagers, and secondarily among African Americans. Just like we said it would. A kid who is at entry level of job skills may be a good deal at 5 bucks an hour, but not at 7. Our anointed leaders gets to glory in their generosity (with other people’s money) and just so long as very few people in the media know that a demand curve slopes downward (a good bet, there), no one calls them on it.

This summer the left will make political lemonade out of a tough student job market. Heck, it may provide a small army of angry unemployed youth to man the campaign, hungry for hope and (loose) change, never once realizing that they’re working to entrench the leftie war on business which left them jobless this summer in the first place.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; minimumwage; newsblackout; unemployment
Navigation: use the links below to view more comments.
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I could not find the chart mentioned in the article.
1 posted on 06/08/2008 8:25:05 PM PDT by K-oneTexas
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To: K-oneTexas

Hmmmm...


2 posted on 06/08/2008 8:27:07 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: K-oneTexas

makes sense.

but the pubie party doesn’t have teflon undies,

and the pubies are in for a shock this fall.


3 posted on 06/08/2008 8:27:37 PM PDT by ken21 ( people die + you never hear from them again.)
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To: K-oneTexas

So, the Dems are making the economy tank so they can make Americans angry enuf to vote for change.


4 posted on 06/08/2008 8:30:20 PM PDT by Ciexyz
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To: K-oneTexas; devolve

In my south Texas town, there are ‘help wanted’ signs in many prominent business windows!

They are also good at rounding up the illegals here, and illegals don’t work in these type of businesses.


5 posted on 06/08/2008 8:30:33 PM PDT by potlatch (MICHELLE OBAMA - The gift that just keeps on giving....!)
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To: K-oneTexas

Excellent read. Makes good points.


6 posted on 06/08/2008 8:31:40 PM PDT by zeebee
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To: K-oneTexas

**Why did unemployment surge at a time when unemployment compensation claims are historically low? More to the point, how could unemployment spike this much without a coinciding spike in corporate lay-offs?*8

College grads and high schoolers looking for jobs. Anyone could see past this headline if they had any brains. Happens nearly every year.


7 posted on 06/08/2008 8:33:09 PM PDT by Salvation (†With God all things are possible.†)
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To: Ciexyz

“So, the Dems are making the economy tank so they can make Americans angry enuf to vote for change.”

Exactly!


8 posted on 06/08/2008 8:33:59 PM PDT by rockinqsranch (Dems, Libs, Socialists...call 'em what you will...They ALL have fairies livin' in their trees.)
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To: K-oneTexas

I totally forgot about the raise in min. wage. No wonder the college grads and especially the high schoolers are not getting jobs.

People can hire adults for that wage!


9 posted on 06/08/2008 8:34:53 PM PDT by Salvation (†With God all things are possible.†)
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To: K-oneTexas

Go ahead let the rats have control...Greater depression part deux... Ignorant Americans that vote for Obama deserve nothing less.


10 posted on 06/08/2008 8:36:56 PM PDT by Typical_Whitey (Prepare to do your time as Corvee labor on the Plantation of Barack and Michell Obama.)
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To: K-oneTexas
Conservatives argued at the time that a rise in the minimum wage would increase unemployment. We were scoffed at then. Now it has happened, and the Democrats fingerprints are nowhere to be found. It sure is a nice gig to not have to take responsibility for one's harebrained schemes.
11 posted on 06/08/2008 8:41:24 PM PDT by fhayek
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To: Salvation
<i>... if they had any brains</i> <br>

<br>

Well, lets see ...

SURGE IN UNEMPLOYMENT STOKES GLOOM (published June 7, 2008)

Democrats on Capitol Hill and advocates for the unemployed pointed to the spike in joblessness in arguing for the swift extension of federal unemployment ...
www.newsobserver.com/business/story/1099622.html 

 

Well Dems = no brains. Scarecrows one and all. 



12 posted on 06/08/2008 8:52:17 PM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: K-oneTexas
In my south Texas town, there are ‘help wanted’ signs in many prominent business windows!

Same in my area. Begging for employees in many companies. I could work 6 jobs if I wanted to and had the time.

13 posted on 06/08/2008 8:55:13 PM PDT by lawnguy (The function of wisdom is to discriminate between good and evil-Cicero)
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To: Ciexyz
Angry Americans are the result of their reaction to the result of Dems doing what Dems do--trash capitalism; promote class warfare; pander ro the have nots; beat up the haves; and piously point to the Repubs who are by then hunkering in a corner defensively covering their heads, instead of covering their @$$e$ by speaking truth to lies.

vaudine

14 posted on 06/08/2008 9:00:11 PM PDT by vaudine (RO)
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To: Army Air Corps

Hmmmm...yes, the democrat run congress strikes again....


15 posted on 06/08/2008 9:02:59 PM PDT by television is just wrong
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To: K-oneTexas

That makes perfect sense!


16 posted on 06/08/2008 9:04:21 PM PDT by swatbuznik
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To: K-oneTexas

So unemployment also surged in May 2007? I don’t think so...

Did it surge in May of 2006, 2005 or 2004? Um, I don’ think so.

This article is pure BS. IF unemployment always surged in May, it would be seasonally adjusted for. This article is a complete like, but all the FreepyAnnas will buy it hook line and sinker without even asking the question about the change in the unemployment rate from April to May for the past 50 years.


17 posted on 06/08/2008 9:06:23 PM PDT by Freedom_Is_Not_Free
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To: Freedom_Is_Not_Free

“complete lie” that is. Sorry, I type too fast and don’t proofread well when I am mad about being lied to.


18 posted on 06/08/2008 9:07:29 PM PDT by Freedom_Is_Not_Free
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To: K-oneTexas

I thought they seasonally adjusted the numbers since every May the same thing happens with new graduates.

John


19 posted on 06/08/2008 9:09:49 PM PDT by Diggity
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To: K-oneTexas
Media= chicken little.
20 posted on 06/08/2008 9:12:00 PM PDT by yldstrk (My heros have always been cowboys--Reagan and Bush)
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To: Freedom_Is_Not_Free

Did you even READ the article?


21 posted on 06/08/2008 9:12:52 PM PDT by fhayek
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To: fhayek

I lazily read just the excerpt. What did I miss in the article that negates my comment?


22 posted on 06/08/2008 9:16:42 PM PDT by Freedom_Is_Not_Free
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To: K-oneTexas

BINGO! I said the higher unemployment rates during late
spring are a reflection of mainly H.S. students and other graduates spilling into the work force.

Gotta love the drive-by media.


23 posted on 06/08/2008 9:17:27 PM PDT by ChiMark
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To: fhayek

Phantom unemployed=new phantom voters in the Fall.


24 posted on 06/08/2008 9:18:28 PM PDT by quickquiver (No, means N O.)
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To: Freedom_Is_Not_Free

Students always enter the job market in May. What is different now, is that employers are required to pay these largely unskilled, unexperienced workers some 30% to 40% more than they had to in 2007 and 2006 and 2005. Apparently, many employers are balking, so these students enter the ranks of the unemployed, rather than the ranks of the employed.


25 posted on 06/08/2008 9:23:07 PM PDT by fhayek
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To: K-oneTexas
Now, we see the perfectly logical outcome of wage controls – rising unemployment among the most economically vulnerable

Many moons ago I read an interesting book called "FDR Follies" re: the New Deal, Great Depression, etc. I can still remember being shocked at reading that when the FDR decreed the first minimum wage (50c p/hour) something like half a million workers throughout the country immediately (like w/i a week) lost their job. ***BBAAMMM *** like a guillotine.

26 posted on 06/08/2008 9:29:11 PM PDT by yankeedame ("Oh, I can take it but I'd much rather dish it out.")
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To: Freedom_Is_Not_Free
Good points. Click here or anywhere actually.

Economists React: ‘Teen Angst’ or Playing ‘Catch-Up’ in Jobless Rate?

WSJ

27 posted on 06/08/2008 9:32:19 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Freedom_Is_Not_Free

The key part, about the rise in the minimum wage was included in the excerpt....didn’t even read that much did ya?


28 posted on 06/08/2008 9:35:03 PM PDT by Uriah_lost (Do you have your "bug out" plan ready?)
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To: K-oneTexas
Jerry Bowyer writes: “Free market economists warned them that this [minimum wage increase] would increase [teenage] unemployment.....”

Bowyer’s statement is not supported by the data from the U.S. Bureau of Labor Statistics:

(http://www.bls.gov/news.release/empsit.t01.htm)

The number of teens working increased in the last year:
Teens Employed May 2007: 5.61 million
Teens Employed May 2008: 5.90 million

The percentage of teens working increased in the last year:
Percentage of Teens With Jobs May 2007: 39.5%
Percentage of Teens With Jobs May 2008: 42.6%

Unemployment went up because the number of teens searching for work surged by 560,000 compared to last year:
Teens Working Or Looking For Work May 2007: 6.70 milllion
Teens Working Or Looking For Work May 2008: 7.26 million

Strangely, Jerry Bowyers says absolutely nothing about the impact of immigration - legal and illegal - on the ability of teenagers to find low skill jobs.

Also, Bowyers says nothing about a fact that is obvious to those who are actually looking for work - almost all low skill jobs pay MORE than minimum wage.

29 posted on 06/08/2008 9:42:53 PM PDT by zeestephen
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To: K-oneTexas

Around here a lot of kids’ jobs are now taken by illegals.


30 posted on 06/08/2008 9:43:05 PM PDT by 1066AD
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To: 1066AD

Around here, a lot of the places with ‘help wanted’ signs up, still have them up, because if you go in and find out how much they pay, and then compute the gas to drive to work, you realize you’d be working for $2/hr, and most people won’t bother with that. They have to wait for someone to come along who can get to work w/o paying for gas. This is what one of my younger friends is telling me. I have a decent job, and he took one that he didn’t have to drive very far to get to.


31 posted on 06/08/2008 9:49:53 PM PDT by mavfin
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To: Freedom_Is_Not_Free

You didn’t even bother to read the article did you?

“Um, I didn’t think so.”

The article specifically explains what is different about May 2008 from May 2007, 2006, 2005.

Your entire post is an example of foot in mouth syndrome.

Sheesh.


32 posted on 06/08/2008 10:08:19 PM PDT by bluefish (Hey! Where did this come from?)
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To: sofaman

BTTT


33 posted on 06/08/2008 10:28:12 PM PDT by sofaman (Moses dragged us through the desert for 40 years to bring us to the one place in the ME with no oil.)
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To: K-oneTexas
Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase.

The author makes the exact same point I made on Friday on these forums. Congressional Democrats, some Republicans, were pure blooming idiots. And the conservatives in Congress need to have the balls to point this out.

34 posted on 06/08/2008 10:38:43 PM PDT by Recovering_Democrat (Just say NObama!)
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To: Freedom_Is_Not_Free

You are correct. They won’t even bother to do that little bit of research.


35 posted on 06/08/2008 10:44:22 PM PDT by steve86 (Acerbic by nature, not nurture¬ô)
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To: K-oneTexas

Let’s see... There was a load of sponsored propaganda in October and November of last year. It disseminated the message that oil would go down and big import margins continue, after the recession. Then the yearly lock against hiring was implemented about a month early, and it’s still in effect.

I said last year that oil wouldn’t go down, and Iran must be dealt with. We also need to do real work by producing real wealth right here. Factories must be built in the back yards of our superiors in order to facilitate shorter commutes and less fuel usage (more and smaller communities, return to ruralization). Marriage must also be promoted (one house and car easier to feed energy to than two of each).

In short, feminism, romanticism and laziness must go.


36 posted on 06/08/2008 11:07:52 PM PDT by familyop (Worthless male weekend warrior has-been trash with no degree.)
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To: K-oneTexas

BTW, $200+ oil might be just what we need to remedy the anti-defense, anti-family (generally, the ancient Roman nature) trend in our Nation.


37 posted on 06/08/2008 11:11:14 PM PDT by familyop (Worthless male weekend warrior has-been trash with no degree.)
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To: K-oneTexas

Rush will be on this tomorrow.


38 posted on 06/09/2008 12:27:09 AM PDT by Mogollon (Vote straight GOP for congress....our only protection against Obama, or McCain.)
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To: fhayek

Sorry, you lost me. Which starting, unskilled workers straight out if high school are required to receive 40% more pay than graduates one year earlier? What are you talking about? Did they raise the minimum wage 40%. Where does it say that 2008 graduates are due for 40% more than 2007 graduates. I am completely lost and don’t believe that tripe for one second.


39 posted on 06/09/2008 1:16:28 AM PDT by Freedom_Is_Not_Free
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To: K-oneTexas

Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase.....

all of the summer jobs ~ once the domain of high school and college students ~ are now owned by ILLEGALS!!!! ~ congress NEVER considers this issue!!!


40 posted on 06/09/2008 2:05:44 AM PDT by nyyankeefan
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To: Salvation
Are you saying the unemployment rate jumps .5% each year at this time? Have you any evidence of that? This chart appears to show the opposite in many cases and at best shows no discernable pattern.

Additionally, not the way the jobless numbers ALWAYS decline when a lib is in the White House, despite overall economic conditions. Even under Carter, where we had the “Misery Index’ The jobless rate came down while under Reagan and Bush 1 it went UP despite greatly improved conditions. Look also how after Clinton was elected the numbers SUDDENLY began to drop and continued to do so until Bush took office.

This is actually quite amazing when it is viewed in the political context.

http://www.miseryindex.us/urbymonth.asp

YEAR MONTH RATE
1969- 01 3.40 Nixon
1969- 02 3.40
1969- 03 3.40
1969- 04 3.40
1969- 05 3.40
1969- 06 3.50
1969- 07 3.50
1969- 08 3.50
1969- 09 3.70
1969- 10 3.70
1969- 11 3.50
1969- 12 3.50
1970- 01 3.90
1970- 02 4.20
1970- 03 4.40
1970- 04 4.60
1970- 05 4.80
1970- 06 4.90
1970- 07 5.00
1970- 08 5.10
1970- 09 5.40
1970- 10 5.50
1970- 11 5.90
1970- 12 6.10
1971- 01 5.90
1971- 02 5.90
1971- 03 6.00
1971- 04 5.90
1971- 05 5.90
1971- 06 5.90
1971- 07 6.00
1971- 08 6.10
1971- 09 6.00
1971- 10 5.80
1971- 11 6.00
1971- 12 6.00
1972- 01 5.80
1972- 02 5.70
1972- 03 5.80
1972-04 5.70
1972-05 5.70
1972-06 5.70
1972-07 5.60
1972-08 5.60
1972-09 5.50
1972-10 5.60
1972-11 5.30
1972-12 5.20
1973-01 4.90
1973-02 5.00
1973-03 4.90
1973-04 5.00
1973-05 4.90
1973-06 4.90
1973-07 4.80
1973-08 4.80
1973-09 4.80
1973-10 4.60
1973-11 4.80
1973-12 4.90
1974-01 5.10
1974-02 5.20
1974-03 5.10
1974-04 5.10
1974-05 5.10
1974-06 5.40
1974-07 5.50
1974-08 5.50 Ford
1974-09 5.90
1974-10 6.00
1974-11 6.60
1974-12 7.20
1975-01 8.10
1975-02 8.10
1975-03 8.60
1975-04 8.80
1975-05 9.00
1975-06 8.80
1975-07 8.60
1975-08 8.40
1975-09 8.40
1975-10 8.40
1975-11 8.30
1975-12 8.20
1976-01 7.90
1976-02 7.70
1976-03 7.60
1976-04 7.70
1976-05 7.40
1976-06 7.60
1976-07 7.80
1976-08 7.80
1976-09 7.60
1976-10 7.70
1976-11 7.80
1976-12 7.80
1977-01 7.50 Carter
1977-02 7.60
1977-03 7.40
1977-04 7.20
1977-05 7.00
1977-06 7.20
1977-07 6.90
1977-08 7.00
1977-09 6.80
1977-10 6.80
1977-11 6.80
1977-12 6.40
1978-01 6.40
1978-02 6.30
1978-03 6.30
1978-04 6.10
1978-05 6.00
1978-06 5.90
1978-07 6.20
1978-08 5.90
1978-09 6.00
1978-10 5.80
1978-11 5.90
1978-12 6.00
1979-01 5.90
1979-02 5.90
1979-03 5.80
1979-04 5.80
1979-05 5.60
1979-06 5.70
1979-07 5.70
1979-08 6.00
1979-09 5.90
1979-10 6.00
1979-11 5.90
1979-12 6.00
1980-01 6.30
1980-02 6.30
1980-03 6.30
1980-04 6.90
1980-05 7.50
1980-06 7.60
1980-07 7.80
1980-08 7.70
1980-09 7.50
1980-10 7.50
1980-11 7.50
1980-12 7.20
1981-01 7.50 Reagan
1981-02 7.40
1981-03 7.40
1981-04 7.20
1981-05 7.50
1981-06 7.50
1981-07 7.20
1981-08 7.40
1981-09 7.60
1981-10 7.90
1981-11 8.30
1981-12 8.50
1982-01 8.60
1982-02 8.90
1982-03 9.00
1982-04 9.30
1982-05 9.40
1982-06 9.60
1982-07 9.80
1982-08 9.80
1982-09 10.10
1982-10 10.40
1982-11 10.80
1982-12 10.80
1983-01 10.40
1983-02 10.40
1983-03 10.30
1983-04 10.20
1983-05 10.10
1983-06 10.10
1983-07 9.40
1983-08 9.50
1983-09 9.20
1983-10 8.80
1983-11 8.50
1983-12 8.30
1984-01 8.00
1984-02 7.80
1984-03 7.80
1984-04 7.70
1984-05 7.40
1984-06 7.20
1984-07 7.50
1984-08 7.50
1984-09 7.30
1984-10 7.40
1984-11 7.20
1984-12 7.30
1985-01 7.30
1985-02 7.20
1985-03 7.20
1985-04 7.30
1985-05 7.20
1985-06 7.40
1985-07 7.40
1985-08 7.10
1985-09 7.10
1985-10 7.10
1985-11 7.00
1985-12 7.00
1986-01 6.70
1986-02 7.20
1986-03 7.20
1986-04 7.10
1986-05 7.20
1986-06 7.20
1986-07 7.00
1986-08 6.90
1986-09 7.00
1986-10 7.00
1986-11 6.90
1986-12 6.60
1987-01 6.60
1987-02 6.60
1987-03 6.60
1987-04 6.30
1987-05 6.30
1987-06 6.20
1987-07 6.10
1987-08 6.00
1987-09 5.90
1987-10 6.00
1987-11 5.80
1987-12 5.70
1988-01 5.70
1988-02 5.70
1988-03 5.70
1988-04 5.40
1988-05 5.60
1988-06 5.40
1988-07 5.40
1988-08 5.60
1988-09 5.40
1988-10 5.40
1988-11 5.30
1988-12 5.30
1989-01 5.40 Bush, G.H.W.
1989-02 5.20
1989-03 5.00
1989-04 5.20
1989-05 5.20
1989-06 5.30
1989-07 5.20
1989-08 5.20
1989-09 5.30
1989-10 5.30
1989-11 5.40
1989-12 5.40
1990-01 5.40
1990-02 5.30
1990-03 5.20
1990-04 5.40
1990-05 5.40
1990-06 5.20
1990-07 5.50
1990-08 5.70
1990-09 5.90
1990-10 5.90
1990-11 6.20
1990-12 6.30
1991-01 6.40
1991-02 6.60
1991-03 6.80
1991-04 6.70
1991-05 6.90
1991-06 6.90
1991-07 6.80
1991-08 6.90
1991-09 6.90
1991-10 7.00
1991-11 7.00
1991-12 7.30
1992-01 7.30
1992-02 7.40
1992-03 7.40
1992-04 7.40
1992-05 7.60
1992-06 7.80
1992-07 7.70
1992-08 7.60
1992-09 7.60
1992-10 7.30
1992-11 7.40
1992-12 7.40
1993-01 7.30 Clinton
1993-02 7.10
1993-03 7.00
1993-04 7.10
1993-05 7.10
1993-06 7.00
1993-07 6.90
1993-08 6.80
1993-09 6.70
1993-10 6.80
1993-11 6.60
1993-12 6.50
1994-01 6.60
1994-02 6.60
1994-03 6.50
1994-04 6.40
1994-05 6.10
1994-06 6.10
1994-07 6.10
1994-08 6.00
1994-09 5.90
1994-10 5.80
1994-11 5.60
1994-12 5.50
1995-01 5.60
1995-02 5.40
1995-03 5.40
1995-04 5.80
1995-05 5.60
1995-06 5.60
1995-07 5.70
1995-08 5.70
1995-09 5.60
1995-10 5.50
1995-11 5.60
1995-12 5.60
1996-01 5.60
1996-02 5.50
1996-03 5.50
1996-04 5.60
1996-05 5.60
1996-06 5.30
1996-07 5.50
1996-08 5.10
1996-09 5.20
1996-10 5.20
1996-11 5.40
1996-12 5.40
1997-01 5.30
1997-02 5.20
1997-03 5.20
1997-04 5.10
1997-05 4.90
1997-06 5.00
1997-07 4.90
1997-08 4.80
1997-09 4.90
1997-10 4.70
1997-11 4.60
1997-12 4.70
1998-01 4.60
1998-02 4.60
1998-03 4.70
1998-04 4.30
1998-05 4.40
1998-06 4.50
1998-07 4.50
1998-08 4.50
1998-09 4.60
1998-10 4.50
1998-11 4.40
1998-12 4.40
1999-01 4.30
1999-02 4.40
1999-03 4.20
1999-04 4.30
1999-05 4.20
1999-06 4.30
1999-07 4.30
1999-08 4.20
1999-09 4.20
1999-10 4.10
1999-11 4.10
1999-12 4.00
2000-01 4.00
2000-02 4.10
2000-03 4.00
2000-04 3.80
2000-05 4.00
2000-06 4.00
2000-07 4.00
2000-08 4.10
2000-09 4.00
2000-10 3.90
2000-11 3.90
2000-12 3.90
2001-01 4.20 Bush, G.W.
2001-02 4.20
2001-03 4.30
2001-04 4.40
2001-05 4.30
2001-06 4.50
2001-07 4.60
2001-08 4.90
2001-09 5.00
2001-10 5.40
2001-11 5.60
2001-12 5.70
2002-01 5.60
2002-02 5.70
2002-03 5.70
2002-04 5.90
2002-05 5.80
2002-06 5.80
2002-07 5.80
2002-08 5.70
2002-09 5.70
2002-10 5.70
2002-11 5.90
2002-12 6.00
2003-01 5.80
2003-02 5.90
2003-03 5.80
2003-04 6.00
2003-05 6.10
2003-06 6.30
2003-07 6.20
2003-08 6.10
2003-09 6.10
2003-10 6.00
2003-11 5.90
2003-12 5.70
2004-01 5.60
2004-02 5.60
2004-03 5.70
2004-04 5.60
2004-05 5.60
2004-06 5.60
2004-07 5.50
2004-08 5.40
2004-09 5.40
2004-10 5.50
2004-11 5.40
2004-12 5.40
2005-01 5.20
2005-02 5.40
2005-03 5.20
2005-04 5.20
2005-05 5.10
2005-06 5.00
2005-07 5.00
2005-08 4.90
2005-09 5.10
2005-10 5.00
2005-11 5.00
2005-12 4.90
2006-01 4.70
2006-02 4.80
2006-03 4.70
2006-04 4.70
2006-05 4.60
2006-06 4.60
2006-07 4.80
2006-08 4.70
2006-09 4.60
2006-10 4.40
2006-11 4.50
2006-12 4.50
2007-01 4.60
2007-02 4.50
2007-03 4.40
2007-04 4.50
2007-05 4.50
2007-06 4.50
2007-07 4.60
2007-08 4.60
2007-09 4.70
2007-10 4.70
2007-11 4.70
2007-12 5.00
2008-01 4.90
2008-02 4.80
2008-03 5.10
2008-04 5.00

41 posted on 06/09/2008 3:22:04 AM PDT by lexusppd
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To: Freedom_Is_Not_Free

You expect someone to explain what you missed in not reading the article and making idiotic comments on this thread? You’re worse than the Congresswoman demanding that the Oil Execs prove to her that they’re not manipulating the price of oil.


42 posted on 06/09/2008 4:27:34 AM PDT by ReleaseTheHounds ("The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.")
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To: K-oneTexas
Bill CLinton and the leftists have stated that they want the economy to slow and cool down. We are too focused on materialism and the economy according to the left and a slowing would reduce greenhouse gases and help the planet???. Apparently they think 10% unemployment like they have in Europe is the ideal.

Democrats love the misery index. They have a pathological need to complain and whine 24/7 since its the easiest way to make money to survive in a nanny state.

43 posted on 06/09/2008 5:46:31 AM PDT by x_plus_one ("let them eat cake, drive small electric cars and take the bus")
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To: K-oneTexas
I am not sure if I really believe this. For instance, I thought the unemployment rate is tracked by the number of people applying for unemployment. This means they paid, along with their employer, for unemployment insurance in case they lost their jobs. If this is the case, then new students coming into the market place would not qualify. Furthermore, with the collapse in the building industry. Logically that would effect other markets too. Therefore, lay offs will occur. I also do recall AT&T having lay offs from the AT&T/BellSouth merger a year ago along with Ford company to. Do to Ford closing plants. Perhaps I am wrong.

This guys example about the minimum wage going up does not seem to really add up too. Most people that apply to minimum wage jobs are students. Maybe they are hiring less, but these employees tend to not get unemployment.

I hate to say it but I think I think this author is full of bull to blame the Dems. After all a Republican is the president.

44 posted on 06/09/2008 5:50:38 AM PDT by Sprite518
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To: K-oneTexas

Our American workers have to compete with millions of illegal workers but lets not let our lower paid citizens have a decent minimum wage to help make up for it.

It’s ridiculous to pretend there is any kind of free market going on here.


45 posted on 06/09/2008 6:36:29 AM PDT by sazerac
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To: zeestephen
I agree the author did not speak about ILLEGALS unemployment rate. Althouh how they measure it would let all Americans know that they are identiiable, something DHS and many Senators/Congressmen don't want. Remember, if they can be identified they can be caught and deported and they don't want that.

Also, with unemployment at 5.5% that is low. But if we really look it is telling us we are 94.5% of the available population to work is employed.

Looking at the BLS publications did speak to teens and  teenagers unemploment rates. It was the highest rate per BLS published document (June 2008) and a roughly an 8% increase from prior (Apr-Jun 2007) BLS ublication. Yes it occurrs annually during the summer, however with the increased minamum wage it would have an impact on businesses. Maybe not a tremendous one but an impact none the less to increase the over all rate by almost 1% from April (4.3%) to May (5.5%) 2008.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

(Bolded is my emphasis):  [http://www.bls.gov/news.release/empsit.htm]

Employment Situation News Release


Media contact:         (202) 691-5902   Friday, June 6, 2008.



                  THE EMPLOYMENT SITUATION:  MAY 2008

   The unemployment rate rose from 5.0 to 5.5 percent in May, and nonfarm
payroll employment continued to trend down (-49,000), the Bureau of Labor
Statistics of the U.S. Department of Labor reported today.  In May, employ-
ment continued to fall in construction, manufacturing, retail trade, and
temporary help services, while health care continued to add jobs.  Average
hourly earnings rose by 5 cents, or 0.3 percent, over the month.

Unemployment (Household Survey Data)

   The number of unemployed persons increased by 861,000 to 8.5 million in
May, after seasonal adjustment, and the unemployment rate rose by 0.5 per-
centage point to 5.5 percent.  A year earlier, the number of unemployed per-
sons was 6.9 million, and the jobless rate was 4.5 percent.  (See table A-1.)

   The unemployment rates for adult men (4.9 percent), adult women (4.8 per-
cent), teenagers (18.7 percent), whites (4.9 percent), and blacks (9.7 per-
cent) rose in May.  The jobless rate for Hispanics (6.9 percent) was unchanged.
The unemployment rate for Asians was 3.8 percent, not seasonally adjusted.
(See tables A-1, A-2, and A-3.)

   Among the unemployed, the number of reentrants and new entrants to the
labor force rose in May, by 326,000 and 204,000, respectively. The number of
persons who had lost their last job increased by 268,000 over the month to
4.3 million.  Over the past 12 months, the number of unemployed job losers has
risen by 907,000. (See table A-8.)

   The number of newly unemployed--those jobless fewer than 5 weeks--rose by
760,000 to 3.2 million in May.  The number of persons unemployed for 27 weeks
or more increased by 197,000 to 1.6 million.  This group accounted for 18.3 per-
cent of the unemployed in May.  (See table A-9.)

Total Employment and the Labor Force (Household Survey Data)

   The civilian labor force rose by 577,000 to 154.5 million in May, and the
labor force participation rate edged up to 66.2 percent.  Total employment was
little changed at 146.0 million.  The employment-population ratio, at 62.6 per-
cent, also was little changed over the month.  (See table A-1.)

   The number of persons who worked part time for economic reasons, at 5.2 mil-
lion in May, was essentially unchanged over the month but was up by 764,000 over
the past 12 months.  These individuals indicated that they were working part time
because their hours had been cut back or they were unable to find full-time jobs.
(See table A-5.)

   About 7.7 million persons held more than one job in May.  Multiple jobholders
represented 5.3 percent of the employed, the same as a year earlier.  (See table
A-6.)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

Employment and Unemployment Among Youth Summary

[http://www.bls.gov/news.release/youth.nr0.htm]

From April to July 2007, the number of employed youth 16 to 24 years old
increased by 2.3 million to 21.7 million, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today.  July is the traditional summer-
time peak for youth employment.  This summer’s increase in youth employment
was slightly lower than last year's 2.5 million increase. Unemployment among
youth increased by 548,000 between April and July, a smaller rise than in 2006.
(Because this analysis focuses on the seasonal changes in youth employment and
unemployment that occur every spring and summer, the data are not seasonally
adjusted.)

Labor force

   The youth labor force--16- to 24-year-olds working or actively looking
for work--grows sharply between April and July each year.  During these
months, large numbers of high school and college students take or search
for summer jobs, and many graduates enter the labor market to look for or
begin permanent employment.  This summer, the youth labor force grew by
2.9 million to a total of 24.3 million in July.  (See table 1.)

   The labor force participation rate for youth--the proportion of their
population working or looking for work--was 65.0 percent in July 2007, down
from 66.7 percent in July 2006 and about 13 percentage points below its
peak for that month in 1989 (77.5 percent).  Over the 1989-2007 period, the
proportion of youth enrolled in school in July trended up; youth enrolled
in school are much less likely than those not in school to be in the labor
force.

   The July 2007 labor force participation rates for 16- to 24-year-old men
(67.9 percent) and women (62.1 percent) were lower than a year earlier.  For
several decades prior to 1989, young men’s July labor force participation rate
showed no clear trend, ranging from 81 to 86 percent.  Since July 1989, however,
their participation rate has declined by about 15 percentage points.  Young
women’s July labor force participation rate peaked in 1989 after a long-term
upward trend; their rate has fallen by about 10 percentage points since then.

   The July participation rates for whites (68.0 percent), blacks (54.1 per-
cent), and Hispanics (59.5 percent) declined over the year.  For all three
groups, labor force participation rates were more than 10 percentage points
lower than their peak levels for July 1989.  The participation rate for Asian
youth in July 2007 (49.4 percent) was not much different from July 2006.  (See
table 2.)

                                  - 2 -

Employment

   In July 2007, 21.7 million 16- to 24-year-olds were employed.  The em-
ployment-population ratio for youth--the proportion of the 16- to 24-year-
old civilian noninstitutional population that was employed--was 58.0 per-
cent, 1.2 percentage points lower than in July 2006.  The ratio has fallen
by about 11 percentage points since its peak in July 1989.  The July 2007
employment-population ratios for young men (60.3 percent), whites (61.7
percent), and Hispanics (52.5 percent) were lower than a year earlier; the
rates for young women (55.6 percent), blacks (43.0 percent), and Asians
(45.6 percent) were little changed.  (See table 2.)


   In July 2007, 22 percent of employed youth worked in the leisure and
hospitality industry (which includes food services) and 20 percent worked
in retail trade.  In addition, nearly two-fifths of employed youth worked
in education and health services, professional and business services,
government, construction, and manufacturing combined.  (See table 3.)


Unemployment

   In July 2007, 2.6 million youth were unemployed.  The youth unemployment
rate (10.8 percent) was little different from July 2006.  The July 2007 un-
employment rates for young men (11.1 percent), women (10.4 percent), whites
(9.3 percent), Asians (7.7 percent), and Hispanics (11.8 percent) showed
little change from a year earlier.  The rate for black youth (20.5 percent)
decreased over the year.  (See table 2.)




 

46 posted on 06/09/2008 6:58:25 AM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: potlatch

“In my south Texas town, there are ‘help wanted’ signs in many prominent business windows!”

same around here, plus the resort areas are hiring Eastern European college students on special visas to fill thousands of jobs.


47 posted on 06/09/2008 7:24:46 AM PDT by elpadre (nation)
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To: potlatch

“In my south Texas town, there are ‘help wanted’ signs in many prominent business windows!”

same around here, plus the resort areas are hiring Eastern European college students on special visas to fill thousands of jobs.


48 posted on 06/09/2008 7:25:15 AM PDT by elpadre (nation)
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To: 1066AD
Around here a lot of kids’ jobs are now taken by illegals.

Yup. All low skilled jobs are being sucked up by these economic leeches. Construction used to be an honorable job that payed a decent wage (not great, but decent). Those are gone now unless you are a native spanish speaker (i.e., illegal).

Fast food joints are about the same. I went to a Wendy's a couple of weeks ago, and there wasn't a person there who could speak more than minimal fractured english.

These days, when I see a sign that says "se habla espanol", I translate it as, "we cater to illegals, please do your business elsewhere".

49 posted on 06/09/2008 8:17:10 AM PDT by zeugma (Mark Steyn For Global Dictator!)
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To: K-oneTexas

If it is true (and I don’t know that it is) that unemployment specifically reflects people who were employed, and are now on “unemployment”, then is it possible that this year there is something different, such that teenagers who have quit their jobs they held during the school year qualify for unemployment at a much higher rate than previously, and have decided to collect unemployment, at least for the short term, rather than take a summer job?

In other words, was there something in one of these Democrat bills that made it easier for part-time workers earning minimum wage to collect unemployment insurance?

It seems odd that May would see a sharp increasae in the number of teens unemployed.

Oh, but I keep forgetting, the numbers are “seasonally adjusted”, so in fact a DECREASE in the number of teens that GOT jobs could show up as an increase in the number collecting unemployment, simply because of the math used to adjust for the “normal” year’s increase in jobs to teens.

If THAT is the case, then the theory about minimum wage could be true, if not because the teens aren’t worth it, then possibly because those jobs are filled by adults who were attracted to the higher wages for trivial labor.

In other words, one impact of minimum wage increases is to make the jobs more attractive, and thus crowd out lesser skilled workers, even IF the businesses are able to pass on costs associated with the increased wages.


50 posted on 06/09/2008 10:07:10 AM PDT by CharlesWayneCT
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