pinqy
Gold Member
Your claim that "as many as 30 million people are unemployed or severely underemployed" does NOT come from BLS data as I clearly showed. I note that you didn't even try to defend that.Time of unemployment is irrelevant. Someone who loses his job and doesn't look for work at all, or looks in his first week and then stops is not considered unemployed.5%, my chubby white butt.
You leftists all should be cooking books for the Mafia, you're so full of shit.
That 5% doesn't include people who've been unemployed so long that they've given up on finding a job.
People not trying to work have never been considered unemployed, because if you're not trying to work, you won't work no matter how many jobs are available. So people not trying to work don't tell us anything about the actual job market.
That being said, people who stopped looking and are likely to start looking again are tracked. Adding them to the UE rate makes it 5.7%. Adding only those who gave up due to discouragement makes it 5%.
Why would you want to include people who are working as unemployed? As for minimum time, no one involuntarily works only one hour a week regularly...certainly not in dire circumstances when they need the money. but honestly, there's no practical way to have a minimum time as that makes a judgment call that people, who for that particular week don't work enough hours, are the same as not working at all.It doesn't include people who are severely underemployed, ie. wanting full-time but working a paltry number of part-time hours - frequently at a job far below their actual capability - just to have an income at all. It doesn't include people who are unemployed but perform as much as 1 hour of work in a week, eg. mowing someone's lawn or cleaning their house.
Who taught you how to do math? Even if we count everyone who says they want a job, regardless of when they last looked (if ever) and regardless of whether they could even accept a job if offered, and everyone who worked less than 35 hours but was wanted to and was able to work 35+, that gives us a grand total of 18,789,000When you factor all those people into the equation, as many as 30 million people are unemployed or severely underemployed.
Source for unemployed and not in the labor force want a job now: Table A-1. Employment status of the civilian population by sex and age
Source for part time for economic reasons: Table A-8. Employed persons by class of worker and part-time status
I didn't come up with this stuff out of my own ass, hon. All of the information I gave you is readily available from the BLS itself, and was taken from their own reports.
I'm not sure why you thought that contradicts anything I've said. What EXACTLY are you disagreeing with?You may take your objections and personal perceptions of what "you're sure" they do up with them.
Table A-15. Alternative measures of labor underutilization
Here's an explanation of the different types of unemployment they track, and how.
The True Unemployment Rate: U6 Vs. U3
I stated that your depiction that characterization of people "unemployed so long that they've given up" was misleading as time is irrelevant. If you're not working, are looking for work and can accept a job then you're unemployed. If you're not looking then you're not in the labor force. How long you were unemployed is irrelevant.
I asked a couple of questions you have not answered....WHY would you want to classify people who have jobs as unemployed? WHAT minimum number of hours are you suggesting someone work to be considered Employed, and how would you classify those who work fewer hours, especially those who work fewer hours by choice?
I haven't cherry-picked or ignored anything. I stated facts and asked for clarification.Your ability to cherrypick the charts that you like and ignore all the others impresses me not at all.