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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.
Unemployment numbers don't count those who just straight up gave up on looking for work. I wonder what the numbers would look like if you included working age people on "Social Security Disability". It seems the primary disability here is the lack of ability to find a job and you are too old to go into the military(the other jobs handout program).
Lies, damn lies and statistics.
I have a criminal record.. I have never gone more than a week without work unwillingly. Even in prison.
Reading comprehension fail. You don't know what a double negative is. (Never without work) means always working. (Never without work unwillingly) means always working unless forced not to.
go to bls.gov
putting the 'B' in LGBTQ+
Crime, leaching off of others, politics, managment. Though the last 2 are redundent.
putting the 'B' in LGBTQ+
You just can't accept that America is better under Trump.
The economic numbers say otherwise.
It's tough when reality stands in the way of your political views.
What political views are those?
Keep in mind that the IRS has records of every lawful employment payment (and many unlawful). Each one is reported with time period, money earned, and a unique identifier.
As long as you don't get too picky arguing about why someone hasn't received another legal paycheck since their unemployment returns ended, you can get a useful number. Reporting it as "no longer looking for work" may not be entirely accurate, but "no longer receiving any reported income" doesn't have quite the same ring to it.
. . . or you're stuck in an area with low income to start with, and a single industry that's shut down. West Virginia coal-mining towns come to mind, when the mine shuts down, nobody has the cash to move elsewhere.
And, of course, HR types not even considering long-term unemployed compounds the problem. . .
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.
HR types not being blood-let and piled into trenches is a big part of the problem.
It also doesn't include people who are retired, or children, or stay-at-home parents, or people in prisons/mental institutions/hospitals/etc. Nor should it. Unemployed doesn't mean "not working", it means "ready, able and willing to work but unable to find a job".
Support Right To Repair Legislation.
Not this issue again. There are multiple ways to measure "unemployment", and each are imperfect for different reasons. Part of the problem is that "unemployed" can be a grey area. Lets say Bob is recently retired. He would take up a job if it paid really well or piqued his interest, but Bob otherwise is happy with retirement and is not actively looking. A house wife* may view the job market similarly. Is that "unemployed"?
The metric typically used by the press has been a de-facto standard yardstick for decades, for good or bad.
Pundits often complain about it based on their bias or desired audience influence angle. There are other published metrics of "unemployment", as a nearby message lists, and pundits often switch to one of these others when it suits them.
If a pundit plays such games without explaining the difference and trade-offs, you know they are either biased, manipulative, or clueless. Granted, just because a pundit bungles one issue doesn't mean they bungle everything, but this one is a yellow flag.
* There's probably a PC way to say it. "Non-paid domestic worker?"
Table-ized A.I.
a non-livable wage is more money than zero money from not working
And takes away all your useful hours you could otherwise use to find a livable wage.
The fact that the unemployment rate actually went up a notch indicates that more people are getting back into the job market.
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
Keep in mind that the IRS has records of every lawful employment payment (and many unlawful). Each one is reported with time period, money earned, and a unique identifier.
These numbers are never used, even though they obviously would give the best data. They can't be manipulated as easily, and it would be too easy to point out that job income per worker has been stagnant or even declined for a generation. GDP has increased tremendously, but it's not showing up in pay packets.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
Obama moved millions to permanently out of the workforce . The biggest way was via moving 2 million unemployed to permanent disability, which resulted in a nice shaving of unemployment by 3% or so.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
All the U- numbers have certain guesses, models, and biases involved. For raw data just go for the labor force participation rate which is the least-political measure.
It's slightly improved, but there was clearly no "Obama Recovery" and the US economy hasn't gotten back to pre-crash levels.
"It's the jobs, stupid" as a politician once said.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
The DJIA took a big jump as soon as the election was over... Due mainly the belief the business climate and economy would improve...
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
As someone who lives close to some of those former coal mining towns in WV, I'd have to say the core problem comes down to lack of education. The fact that coal mining went away certainly means the primary source of income for people disappeared. But the large percentage of people who still keep trying to do what they've always done, expecting a better/new result is disturbing. If you go out in public in those communities, you see a whole bunch of people who can't spell any words properly if they contain more than about 4 letters. Their math skills are just as rudimentary. Many lack even basic people skills, needed to negotiate things like confrontations with dissatisfied customers in a workplace. They're simply not mentally equipped to be employable in modern society.
You read stories about some of the exceptions to the rule who found success changing career paths from coal miner to software developer and so on. But that's not a realistic short-term plan for most of the people I've seen out there.
Businesses who need a specialized workforce would be wise to realize these places are opportunities in disguise. They need to invest the money in educating and training them as part of a job offer. (As just one example, I was talking to a guy who owns a plumbing company. Anyone working for him full-time can earn up to a 6 figure salary with little trouble, and he's willing to provide training. But he still can't get enough people willing to work for him, simply because most people don't want to do plumbing for a living. IMO, if you can live with mining coal, you can surely live with some sewage backups and bad smells?)
Rectangular, with rounded corners?
You are welcome on my lawn.
The number of jobs increased, and unemployment rose a bit, a clear sign that people are starting to look again... but it will take a while to unwind from the real 10%+ unemployment rate we actually have.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
You'd need to factor in disability too. We hide a ton of unemployment in those numbers. My family is from eastern KY and WV... no work? Coal down? Disability time.
I believe college graduation impacts June numbers too (or are they not counted until July?)
Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
IQ is strongly correlated with the kinds of jobs you can hold. Right now, there's almost nothing in the US economy if you're IQ is below about 85 (15% of the population, mostly male). At that IQ, you can only really do repetitive work as instructed in detail. There are a few manual labor jobs left, but automation has nearly eliminated all such jobs already.
In the coming wave of automation, that IQ bar is simply moving up. I expect most of the current simplest jobs - say those doable with n IQ of about 90, to go away. That higher standard will mean 25% of the population will be effectively unemployable.
No one has a good idea what to do about this. Just handing them money is not a great plan - these are people whop, by definition, need a boss and need to be told what to to to be engaged in productive work. And most people need to feel productive in order to maintain mental health.
Socialism: a lie told by totalitarians and believed by fools.
Looks more like automation will wipe out middle to upper management first, since it's mostly paper pushing. The folks on top, well, they push the buttons. As for the other 7 billion of us, I don't want to be the one to say.
“He’s not deformed, he’s just drunk!”
Put them all in phone tech support. It will be a step up from having to deal with the same IQ bracket from India.
If you disagree, please post your argument. (-1, Overrated) isn't your personal censorship tool for views you don't like
Go to the Bureau of Labor Statistics website. It's all there.
I would be willing to bet the literacy rate of coal mining areas of WV is quite a bit higher than parts of Chicago.
It goes up because all the recent grads who got their shiny diploma are now unemployed and in Mom's basement. Students aren't considered unemployed, graduates are.
That automation is already done on the web, and I for one won't put up with a non human on the phone. I mash zero until I get a human, I can't imagine I'm the only one.
If you disagree, please post your argument. (-1, Overrated) isn't your personal censorship tool for views you don't like