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222,000 Jobs Added To US Payrolls In June; Unemployment Rate Rises To 4.4 Percent (npr.org)
From an NPR report: An estimated 222,000 jobs were added to the U.S. economy in June, according to the monthly employment report released by the Bureau of Labor Statistics Friday. "The job gains were better than expected -- most economists had predicted a gain of 180,000 jobs," NPR's Chris Arnold reports for our Newscast unit. The unemployment rate rose slightly to 4.4 percent from 4.3 percent -- a 16-year low that was hit in May. "Since January, the unemployment rate and the number of unemployed are down by 0.4 percentage point and 658,000, respectively," the BLS says. Previous estimates of job gains in recent months were revised upwards -- from 138,000 to 152,000 in May and from 174,000 to 207,000 in June, for a net gain of 47,000.
Actually, unemployment numbers count discouraged employees in U4. U4 is currently 4.7. This year, starting in January, it has been 5.2, 5.0, 4.8, 4.7, 4.5, and 4.7. U3 has been 4.7, 4.5, 4.4, 4.3, 4.4.
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Because the only jobs are for robots, Indians, or don't pay a livable wage?
go to bls.gov
putting the 'B' in LGBTQ+
Not any more. Unemployment is now defined as when you don't have a job, but are actively looking for one. Not counted are those that have stopped looking, those that have done any kind of work just to make a dollar but aren't holding a job (if you earned $20 in a week, you're not considered unemployed), and those that are working part-time but want full time.
The GDP numbers are basically the same as they were under O, and the unemployment changes are consistent with a general longer-term trend that has been in place since roughly around 2013. Same with the stock market.
Further, T hasn't signed any legislation or Executive Order that would have notable impact on the economy either way. In short, he hasn't change enough to matter. The economy is on cruse control.
It's only a political issue because he has been bragging about the economy "under" him. I gotta call BS on that one.
Table-ized A.I.
But that is pretty much an insane way to look at our work force.
It worked for eight years for Sean Hannity. Until a few months ago, it was a daily ritual for him to mention the 90 million Americans who weren't working in Obama's America.
Linux, you magnificent bastard, I read the fucking manual!
U definitions; U6 is most of the people who want to work but cannot find a job, cannot find a full time job (underemployment) and thus still need assistance, or who have given up.
ShadowStats also factors in those who have permanently left the work force but are still in the 19-64 age range. It's no secret that permanent disability and permanent Medicaid status have both exploded since 2008. ShadowStats factors those people into their own unemployment rate, as it appears the Federal Government moved a permanent segment of society from the unemployment rolls (U3 and U6) to "out of workforce" in an effort to lower the unemployment rate. Perhaps that's why the Labor Force Participation Rate is the lowest it's been in 40 years (note: labor force participation rate only includes those who are of working age, who are physically able to work, but are not actively working - it does not include retirees).
Browsing at +1 - no ACs, I ignore their posts. So refreshing!