Vegas Free-for-All - Unemployment inaccurate?

pjstroh

Mar 10, 2015
10:38am

Quote

Originally posted by: chefantwon

uh PJ, you are aware that people are living longer hence the growing number of older folks?

Uh, that was kinda my whole point, chef. Hoops is complaining those older people are retired instead of looking for work. Funny, aint it?

Have a great day

hoops2

Mar 10, 2015
12:21pm

Block User

Pj - third time. Workforce participation for those over 55 is increasing, but is decreasing for those under 55. How do you explain that as good news.

Dan Svatass

Apr 3, 2015
3:05am

Block User

hoops2

Apr 3, 2015
3:50am

Block User

According to the labor dept a job is considered to be one person working one hour per month. so I am curious.

I work one job 30 hours per week. To make up the shortfall I do a number of freelance jobs, where I get 1099s and in some cases a payroll check.

So wnen I get a payroll check is that considered a "new job"? And if so am I being counted twice? The same goes for when I receive 1099s.

So am I being counted for 4- 6 jobs, when in reality I am only one person?

Dan Svatass

Apr 3, 2015
4:20am

Block User

The unemployment rate measures people, not jobs. It measures the portion of the adult population that sought work but didn't find it.

Good answers to very simple questions are easily found on the internet.

Boilerman

Apr 3, 2015
9:11am

Block User

Hoops, are you a lunatic? Everyone knows that increasing food stamp distribution is a signal of a thriving economy. Are you not paying attention?

Quote

Originally posted by: hoops2
Apparently pj didn't see DD's post that for those under 55 their participation is going down, while the participation rate for those 55+ is going up. How do you explain that? Since you bring it up, food stamp growth is another example of the weak economy we are in

"F'rinstance, . . . the civilian labor force participation rates data can be broken down by age-groups which the BLs has done here .
Unfortunately for the younger set, it appears those workers 55 and older are participating in the workforce longer and those workers 16-to-54 are participating less."

Dan Svatass

May 8, 2015
2:56am

Block User

Source

pjstroh

Jun 5, 2015
3:31am

Block User

That damn Obama fudged the unemployment rate again! This time he made it tick up .1% even after adding 288,000 jobs.

288k jobs added in May. 5.5% unemployment rate

And you can bet LVA right wingers will fudge outrage at this report....and maybe even talk about food stamps, or black on black violence, or Bengazhi !

Dan Svatass

Jun 5, 2015
4:08am

Block User