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Peter1469
04-05-2014, 01:44 AM
Official Unemployment Stuck at 6.7% (http://www.cnbc.com/id/101554502)

But that number is misleading because the job participation rate is at historic lows.


The U.S. created 192,000 new jobs in March after a gain of 197,000 in February, according to the Labor Department. The unemployment rate was unchanged at 6.7 percent. Economists polled by Reuters had expected employment to increase 200,000 last month and the unemployment rate to dip to 6.6 percent.



The U-6 unemployment rate is 12.7%. (http://www.bls.gov/news.release/empsit.t15.htm)

patrickt
04-05-2014, 05:43 AM
It does get confusing with all the lying but I believe we don't count people who refuse to work. That's why the liberals are so eager to "free" people from the necessity to work.

Peter1469
04-05-2014, 08:06 AM
From my second link above: These are the 6 ways unemployment is tracked. U-3 is what the politicians and media focus on.

Peter1469
04-05-2014, 10:09 AM
Employment is up. But job participation is down. (http://online.wsj.com/news/articles/SB10001424052702304441304579477341062142388?mod=WS J_hppMIDDLENexttoWhatsNewsSecond&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB1000 1424052702304441304579477341062142388.html%3Fmod%3 DWSJ_hppMIDDLENexttoWhatsNewsSecond)

That is the difference between U-3 and U-6.


A big puzzle looms over the U.S. economy: Friday's jobs report (http://online.wsj.com/news/articles/SB10001424052702303987004579481141339889068)tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession. But at the same time, only 63.2% of Americans 16 or older are participating in the labor force, which, while up a bit in March, is down substantially since 2000. As recently as the late 1990s, the U.S. was a nation in which employment, job creation and labor force participation went hand in hand. That is no longer the case.

Newpublius
04-05-2014, 10:13 AM
I agree with what you're saying Peter, but looking at the report you'll see how the participation rate edged up from February to March and people 'not in the labor' force actually decreased. The number of people 'unemployed' actually increased as people entered the labor force. The problem is that they've been hiding unemployment in a lower participation rate and in discouraged workers and now that things are turning around they have to slowly release that valve and so the result is that unemployment can't improve as quickly, further to which they don't want it to improve up to 6.5% because if I recall correctly that's the QE threshold, no?

http://www.bls.gov/news.release/pdf/empsit.pdf

Its not a very good recovery and ultimately one of the problems is that this actually IS the boom. Business cycle is like ten years so right now should be the boom!

zelmo1234
04-05-2014, 10:21 AM
It is impossible to have a boom with the downward pressure of Regulations, taxations and the ACA!

Now we should get a bump in April as the construction industry in the north should finally be able to get going!

But it still boils down to the risk vs reward for investors to actually create jobs, and because of the policies of this administration the reward is just not there!

Peter1469
04-05-2014, 10:23 AM
Yes. The administrations number's game goes both ways. The last thing they want is to end QE prior to November. Ending QE = market crash. The house of cards will collapse.


I agree with what you're saying Peter, but looking at the report you'll see how the participation rate edged up from February to March and people 'not in the labor' force actually decreased. The number of people 'unemployed' actually increased as people entered the labor force. The problem is that they've been hiding unemployment in a lower participation rate and in discouraged workers and now that things are turning around they have to slowly release that valve and so the result is that unemployment can't improve as quickly, further to which they don't want it to improve up to 6.5% because if I recall correctly that's the QE threshold, no?

http://www.bls.gov/news.release/pdf/empsit.pdf

Its not a very good recovery and ultimately one of the problems is that this actually IS the boom. Business cycle is like ten years so right now should be the boom!

lynn
04-05-2014, 11:49 AM
Could someone please tell me how they know who is and who isn't looking for a job according to their participation rate?

Peter1469
04-05-2014, 11:51 AM
Could someone please tell me how they know who is and who isn't looking for a job according to their participation rate? Here: (http://termsexplained.com/927402/labor-force-participation-rate)

Newpublius
04-05-2014, 03:19 PM
Could someone please tell me how they know who is and who isn't looking for a job according to their participation rate?

the data comes from two surveys, the household survey and the establishment survey.

Mainecoons
04-05-2014, 09:47 PM
Oh yeah, great news. The hourly wage dropped and the number of involuntary part time workers increased.