Here are some real facts about unemployment that Kirky boy won't like...

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    Here are some real facts about unemployment that Kirky boy won't like...

    http://www.boston.com/jobs/news/articles/2012/02/08/more_than_5_million_people_missing_from_the_us_labor_force/?p1=News_links

    The Center for Labor Market Studies at Northeastern University found that there were 5.4 million fewer people in the workforce last year than projected by the Labor Department in 2008 - many the “hidden unemployed’’ who, no longer searching for work, are not counted in the official jobless rate. 

    The Labor Department reported Friday that the official unemployment rate slipped to 8.3 percent in January, but when labor force dropouts and the underemployed - those working part time because they can’t find full-time jobs - are included, the rate doubles to about 17 percent.

    Losing the productivity of more than 5 million people over the past three years means a slower recovery, with fewer people contributing to the nation’s economic output, buying products, and paying taxes, said Andrew Sum, director of the Center for Labor Market Studies. These missing workers are more likely to become poor, rely on government assistance, and develop mental health issues.

    “The true labor market problem that we face is a lot bigger than what the official unemployment numbers tell us,’’ said Sum. “A lot of these hidden unemployed are really going to have a hard time making it back because for a key part of their working life, they’re absent.’’

    In 2008, before the financial crisis, the Labor Department projected the labor force would increase to nearly 159 million people by 2011, but instead it dropped to less than 154 million, slightly below the 2008 level. Several factors have contributed to this stagnation, including workers who may have entered the labor force in better times, but stayed on the sidelines in recent years, and immigrants who left or never came to the United States as opportunities faded.

    But the main contributor, the study says, is the growth in the number of workers who gave up looking and dropped out of the labor force. Since 2008, this hidden unemployment has increased by about 30 percent, or 1.5 million workers.

     
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    Re: Here are some real facts about unemployment that Kirky boy won't like...

    I keep trying to point this out to Kirky, but, he just doesn't respond.

    Here's a real-world measure of where the economic is:  I have ordered about half a dozen items online in the past couple of weeks.  Even though I chose the cheapest /longest shipping method each time, usually indicating 7 days shipping, the packages are arriving within three days, usually two.

    Shipping trucks are roaming around half-empty, folks.  That's not a good sign.
     
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    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    I keep trying to point this out to Kirky, but, he just doesn't respond. Here's a real-world measure of where the economic is:  I have ordered about half a dozen items online in the past couple of weeks.  Even though I chose the cheapest /longest shipping method each time, usually indicating 7 days shipping, the packages are arriving within three days, usually two. Shipping trucks are roaming around half-empty, folks.  That's not a good sign.
    Posted by skeeter20


    Funny you mention that. I too noticed I've been getting things MUCH earlier than I used to. In the past when it said 7-10 business days it really was 7-10 days. Now 7-10 days is 3. 
     
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    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    This is because of a Census adjustment that is made every ten years. Lies and distortion are all you have.
    Posted by Kirk6


    BWAHAHAHAHAHAHAHA....facts? Kirk don't need no stinkin facts...
     
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    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    "Online advertised vacancies rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted Online (HWOL) Data Series released today. With the January increase, labor demand has risen 1.44 million since the series low point in April 2009 (see chart). This increase now offsets approximately 80 % of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009." http://mjperry.blogspot.com/2011/01/online-job-demand-rises-above-pre.html
    Posted by Kirk6


    Your point is?
     
  8. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    This is because of a Census adjustment that is made every ten years. Lies and distortion are all you have.
    Posted by Kirk6


    That impacts shipping time?  Who knew.

    I thought it was room on the truck.  Now  I know better.
     
  9. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    "Online advertised vacancies rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted Online (HWOL) Data Series released today. With the January increase, labor demand has risen 1.44 million since the series low point in April 2009 (see chart). This increase now offsets approximately 80 % of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009." http://mjperry.blogspot.com/2011/01/online-job-demand-rises-above-pre.html
    Posted by Kirk6



    ...based on the newly adjusted labor participation rate. 

    In other words, if you just say a couple of million people are no longer willing to participate in the market. the unemployment numbers look better.

    I'm just wondering why Obama didn't just declare the workforce participation number to be equal to the number of people working. 

    0.0 unemployment, baby!
     
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  11. You have chosen to ignore posts from WhichOnesPink. Show WhichOnesPink's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like... : Unemployment is going down. Help wanted advertising is way up. They economy is recovering. Obama saved us from another Great Depression. Republicans lie.
    Posted by Kirk6


    Hahaha...thank you for the laugh.

    Real unemployment is around 17% and yet somehow you think that's good. Wow!

    And please explain how Obama saved us from another Great Depression....betcha can't ; )
     
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    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
         Check out Bernanke`s comments today and see who`s REALLY lying!
    Posted by jmel


    Do you happen to have a link? Thanks!
     
  14. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like... : Unemployment is going down. Help wanted advertising is way up. They economy is recovering. Obama saved us from another Great Depression. Republicans lie.
    Posted by Kirk6



    Hey,  where are the jobs for the 1.6 million that Obama drummed out of the workforce, pal?  Huh?  Where.

    Idiots like you who can't do math rankle me.
     
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  18. You have chosen to ignore posts from topaz978. Show topaz978's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    The issue with unemployment numbers is a game. The truth is that even if only the few who are reporting numbers are true. Then statisically things are looking up. But not due to a trick of numbers.
    The real work numbers are known, it is called tax collections, like the things on your paycheck. That is part of the numbers game.
     This single number measures the availible workforce. When the availible workforce drops it tends to indicate overall hiring. As other unemployed but not getting benefits see others getting work they submit job apps not unemployment apps. Totally different number.
     
  19. You have chosen to ignore posts from rockyracoon. Show rockyracoon's posts

    Re: Here are some real facts about unemployment that Kirky boy won't like...

    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like...:
    In Response to Re: Here are some real facts about unemployment that Kirky boy won't like... : Hahaha...thank you for the laugh. Real unemployment is around 17% and yet somehow you think that's good. Wow! And please explain how Obama saved us from another Great Depression....betcha can't ; )
    Posted by WhichOnesPink
     Bush and Obama both saved us from another Great Depression by bailing out the banks, shoring up the auto industry and putting people to work through government programs and spending. How would things be now if the banks were allowed to fail or 1 million autoworkers were out of a job? The unemployment rate has always been a hazy picture of the job market.  It doesn't take into account people that stop looking for work or people that work under the table but thats the way it's always been. It's not like they came up with some brand new way to figure unemployment. Things are still in bad shape, but no matter how the numbers are spun, the economy is slowly starting to gain momentum. BTW, Obama has created more private sector jobs in his 3 years than Bush did in 8.
     
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