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 ...
Markets rise, apparently believing the ADP report over the Obama holdovers at BLS.
“Good Job Mr. President”
The US unemployment rate is a fraud and has been for a very very long time.
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)
Will be ignored by media.
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...
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?
agree- but the U6 rate did drop .2% in May
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.
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
Unless they are reporting the millions who have stopped looking this is a bullshit number!!!
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.
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.
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