EconChick
Gold Member
- Feb 15, 2014
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- #161
NewsExplain to me how we can have record numbers of none working Americans and yet have a 5.9 unemployment rate?
Number of Americans in workforce hits 36-year low. Unemployment Rate at 5.9 percent
There are idiot Libs who don't want to see.
Nobody likes to admit they were duped. Even when faced with undeniable evidence and they still cling to the messiahs word.
Pathetic.
Flash!
Nobody is duped....we just happen to know how to read and analyze statistical charts...it's YOU that is trying to twist things here....
Unemployment is measured the same way it has measured unemployment for the past few decades....the Workforce participation rate has been measured the same way for the past few decades as well, NOTHING has changed to DUPE us....
Yes, the workforce participation rate has gone down, and LESS people are looking for work....and this is a concern that they have DECIDED ON THEIR OWN, not to continue to look for a job, and to do something else....
These people could have easily said, yes, I am looking for a job, and then they would have been counted as "unemployed".....but they CHOSE not to say such, they CHOSE to not look for a job....
Why is this happening? Who knows for certain other than their hair dressers? But it would be great to find out and figure it out....
I am certain it is made up of a variety of people with a variety of reasons.... I left the work force for my own reasons, after being unemployed, and others have chosen to do the same......
It could be the wife, who has children under the age of 5, who lost a good paying job, where she could afford paying for day care for her children...that has decided now, if she cant get a job with the same level of salary, it is NOT WORTH FINANCIALLY for her to go back to work....and pay these daycare costs.
Could be someone who is older, and nearing retirement, that does not want to start a new job or new career that late in life....
I wonder, do they separate the participation rate by gender? Is it MORE females deciding to drop out vs males? Is it those approaching retirement verses middle aged? Is it the very young right out of college, deciding just not to enter the workforce due to the sparsity of jobs available in their careers? Or the young with no college education at all?
It's GOOD that the participation rate is separated from the U/E rate and not included in it....it gives us the opportunity to evaluate it on its own.
"It's GOOD that the participation rate is separated from the U/E rate and not included in it....it gives us the opportunity to evaluate it on its own"
So you see absolutely NO overlap between the two, huh?????
Neither does the dum dum, pingy.