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U.S. unemployment rate hits a 16-year low
yahoo ^

Posted on 06/02/2017 6:13:29 AM PDT by Java4Jay

The unemployment rate in America is at a 16-year low

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS:

1 posted on 06/02/2017 6:13:29 AM PDT by Java4Jay
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To: Java4Jay

Markets rise, apparently believing the ADP report over the Obama holdovers at BLS.


2 posted on 06/02/2017 6:14:36 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: Java4Jay

“Good Job Mr. President”


3 posted on 06/02/2017 6:17:15 AM PDT by Java4Jay (The evils of government are directly proportional to the tolerance of the people.)
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FReepers, it's time to get serious about retiring this FReep-a-thon.


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Just $412.00 to 68.00%

4 posted on 06/02/2017 6:19:07 AM PDT by DoughtyOne (May the Covfefe be with you...)
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To: Java4Jay

The US unemployment rate is a fraud and has been for a very very long time.


5 posted on 06/02/2017 6:21:09 AM PDT by thoughtomator
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When the workforce participation rate starts increasing, the unemployment rate will increase, and the media will start screaming at volume 12 (they are already at 11)


6 posted on 06/02/2017 6:21:37 AM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: Java4Jay

Will be ignored by media.


7 posted on 06/02/2017 6:24:56 AM PDT by SoFloFreeper
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To: Java4Jay

8 posted on 06/02/2017 6:25:44 AM PDT by null and void ( The Flat Earth Society claims they have members all around the globe!)
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To: thoughtomator
The US unemployment rate is a fraud and has been for a very very long time.

Yep, but even Shadow Stats shows a small drop in their figures.

We shouldn't be tracking UNemployment anyway, we should be tracking EMPLOYMENT.

What you track, you get...

9 posted on 06/02/2017 6:28:32 AM PDT by null and void ( The Flat Earth Society claims they have members all around the globe!)
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To: null and void

We track labor participation. This month over 600,000 people dropped out of the labor force.

If you are trying to mentally square that many people dropping out of the labor force in a single month with a reported drop in unemployment, well... it don’t make much sense, does it?


10 posted on 06/02/2017 6:31:00 AM PDT by thoughtomator
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To: thoughtomator

agree- but the U6 rate did drop .2% in May


11 posted on 06/02/2017 6:39:15 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: thoughtomator
Yep, they become non-persons for the purposes of unemployment tracking.

I spent years as a non-person while I was job hunting.

That still doesn't address the issue, "we" may well track how many man-hours (can we still say man-hours?) are worked in a month, but it surely isn't widely reported, and even if it were, with the non-persons eliminated from the count, it's as genuine as a ball point pen Leonardo da Vinci autograph.

We need to track how many paid hours are worked divided by the entire population between 16 and 65.

I'd guess a healthy number would be about 15 to 20/week.

12 posted on 06/02/2017 6:45:18 AM PDT by null and void ( The Flat Earth Society claims they have members all around the globe!)
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To: Java4Jay

Such a number indicates the economy is beyond full employment.

Such a low number represents those essentially transitioning from one job to another. When there is such low unemployment the presence of wage inflation is so great that employers can’t cope with the need to raise wage at a rate to compensate for the employees moving to a better paying job.

The story is a lie. The number doesn’t represent the real nature of employment


13 posted on 06/02/2017 6:50:54 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: Java4Jay

Unless they are reporting the millions who have stopped looking this is a bullshit number!!!


14 posted on 06/02/2017 6:56:21 AM PDT by ontap
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To: ontap

They don’t report unemployed non-persons.

Non-persons don’t exist, I know, my own government declared me a non-person.

Calling this bullshit is too kind. BS can be a very useful fertilizer.

A non-person is lower in the government’s eyes.


15 posted on 06/02/2017 7:01:55 AM PDT by null and void ( The Flat Earth Society claims they have members all around the globe!)
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To: Java4Jay

How many of these are part-time jobs?

Two part time jobs counts as 2 jobs.

If we transition all jobs to part-time jobs we will be at 0% unemployment.


16 posted on 06/02/2017 7:50:44 AM PDT by Lorianne
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