Our "Solman Scale" measures the "U-7," adding to the officially unemployed part-timers looking for full-time work and "discouraged" workers -- everyone who didn't look for a job in the past week but says they want one.Posted on 10/23/2013 1:55:27 PM PDT by SeekAndFind
Our "Solman Scale" measures the "U-7," adding to the officially unemployed part-timers looking for full-time work and "discouraged" workers -- everyone who didn't look for a job in the past week but says they want one.
Not yeah! Not feh! But, as has been the usual response to most monthly jobs reports since the recovery began four years ago, more like meh.
I'm collecting non-inspiring adjectives if anyone has others. Soft, tepid, meh. Others? RT @djheakin: This is an extremely flat report— Neil Irwin (@Neil_Irwin) October 22, 2013
That's one way to express the sentiment most frequently heard today about the September numbers, 18 days delayed due to the partial government shutdown.
Yes, unemployment is down a tad, though I continue to see evidence that it's because of those 10,000 baby boomers a day hitting retirement age, and most of them, if not so many as in the past, calling it quits. (The evidence is a slightly shrinking labor force, even as the population grows.)
Yes, 148,000 jobs were created, if we're to believe this month's numbers and yes, the summer jobs total was revised upward by 9,000.
But as the Atlanta Federal Reserve's glum calculator reveals, to achieve the "full employment" rate of 4 percent last seen under President Bill Clinton, the economy would need to add 143,000 jobs a month for more than a dozen years. Non-stop.
(Excerpt) Read more at pbs.org ...
I worked for almost 20 years at two state’s unemployment offices helping veterans and welfare recipients and as a supervisor. Sounds lowball to me.
Hmmmm
and a couple of weeks ago the San Antonio paper had an article about home builders not being able to find enough wetbacks - er - drat, I mean un-documented workers, to fill their $15 an hour construction jobs because the oil fracking companies are stealing all of our wetbacks - er - drat, un-documented workers, to work in the oil patch.
No one in the government gives a rat’s *ss, and the media can’t be bothered to get up off their knees at Obama’s feet.
Hope and Change, Baby.
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