Trump just said the unemployment rate is 42% in the USA.

[RetiredGySgt]

You can't make this stuff up.

Actually he said one expert claimed that number, lie much?

 

[pinqy]

Obviously, the number you come up with depends entirely on how you calculate it, and what factors you consider relevant.

The Government (BLS) has a methodology that excludes people who have never worked a full time job,

Untrue

people who have given up looking for work,

Anyone not trying to work

people who are working part time although they want to work full time,

You think people who have a job should be classified as unemployed?

and people who are mired in crappy jobs when they are qualified for something better.

Again, you want to call someone who has a job unemployed?

Also, there are millions of Boomers now who have signed up for SS years before they intended to, simply because they lost their jobs and see no hope of finding another. Not "unemployed" according to BLS, although they would still be working if they could.

How do you objectively measure that? Which do you think is more reliable....what people say, or what they do?

If you would add up the unemployed the government counts with the unhappy part timers, the "under-employed," and those who don't work because they simply don't see any opportunity to work gainfully, 42% doesn't seem totally out of line.

You think so? show your math. Here are the tables: CPS Tables

If you were an employer, and you want to know, for the purposes of future expansion, how many people you could hire would you count as future employees people didn't apply or would it make more sense to only go off of actual applications or inquiries on hiring? When we're trying to measure how many people could have been working, do we really want to include people who made no attempt to work and so could not have been hired even if work was available?

 

[2aguy]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

 

[SwimExpert]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

For that matter, check unemployment among white toddlers who have a Hispanic gardener.

 

[pinqy]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

Ok. A-4. Employment status of the civilian noninstitutional population by race, Hispanic or Latino ethnicity, sex, and age, seasonally adjusted
Unemployment rate African Americans ag 16+: 9.5%
African American Men age 20+: 9.2%
African american Women age 20+: 8.1%
African Americans age 16-19: 31% (that's 216,000 unemployed)

 

[frigidweirdo]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

Ok. A-4. Employment status of the civilian noninstitutional population by race, Hispanic or Latino ethnicity, sex, and age, seasonally adjusted
Unemployment rate African Americans ag 16+: 9.5%
African American Men age 20+: 9.2%
African american Women age 20+: 8.1%
African Americans age 16-19: 31% (that's 216,000 unemployed)

Says a lot about the education system when many black people are leaving school without the ability to get a job.

 

[SwimExpert]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

Ok. A-4. Employment status of the civilian noninstitutional population by race, Hispanic or Latino ethnicity, sex, and age, seasonally adjusted
Unemployment rate African Americans ag 16+: 9.5%
African American Men age 20+: 9.2%
African american Women age 20+: 8.1%
African Americans age 16-19: 31% (that's 216,000 unemployed)

Says a lot about the education system when many black people are leaving school without the ability to get a job.

That's funny. I was thinking it says alot about the drop outs, that they all dropped out without the ability to get a job.

 

[frigidweirdo]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

Ok. A-4. Employment status of the civilian noninstitutional population by race, Hispanic or Latino ethnicity, sex, and age, seasonally adjusted
Unemployment rate African Americans ag 16+: 9.5%
African American Men age 20+: 9.2%
African american Women age 20+: 8.1%
African Americans age 16-19: 31% (that's 216,000 unemployed)

Says a lot about the education system when many black people are leaving school without the ability to get a job.

That's funny. I was thinking it says alot about the drop outs, that they all dropped out without the ability to get a job.

And why? A good school, a good system with good schools, wouldn't let this happen in most cases. In the US it's just no one gives a damn and then this happens. Then they go blame these kids for not being able to get a job. The reason the jobless total then goes down after 19 years old is that most of them are in prison for a few decades.

A system that literally produces criminals and then pays their way for the rest of their life. Why not put the money into making education better, rather than paying for them to be in prison?

 

[Claudette]

David Stockman says REAL Unemployment rate is 42.9. I'm not making this up!
From July of this year:
David Stockman Says Unemployment Is Really 42.9 Percent

Stockman cites the number of 210 million adult Americans, who if they worked 2,000 hours per year, or about 40 hours per week, would deliver 420 million labor hours per year. When compared to the 240 million labor hours per year reported by the Bureau of Labor Statistics, the total workforce of the country is delivering 57.1 percent of those 420 million labor hours, and otherwise stated, 42.9 percent of those hours are not being delivered. Therefore, the calculation of unemployment by this measure is 42.9 percent.

Well if anyone believes UE is 5.1% they are dumber than that box of rocks.

In fact, the box is smarter.

 

[pinqy]

David Stockman says REAL Unemployment rate is 42.9. I'm not making this up!
From July of this year:
David Stockman Says Unemployment Is Really 42.9 Percent

Stockman cites the number of 210 million adult Americans, who if they worked 2,000 hours per year, or about 40 hours per week, would deliver 420 million labor hours per year. When compared to the 240 million labor hours per year reported by the Bureau of Labor Statistics, the total workforce of the country is delivering 57.1 percent of those 420 million labor hours, and otherwise stated, 42.9 percent of those hours are not being delivered. Therefore, the calculation of unemployment by this measure is 42.9 percent.

Well if anyone believes UE is 5.1% they are dumber than that box of rocks.

In fact, the box is smarter.

Well, in August, in the U.S. there were 149,036,000 people who were working. There were 8,209,000 who wanted to work, could have started a job if offered, and were trying to get a job. So that's a total of 157,065,000 who could have been working. 8,209,000 were not. 8,209,000/157,065,000 = 5.1%

Where do you think the error is?

 

[Sallow]

You can't make this stuff up.

Check unemployment among blacks and black teens…….

Ok. A-4. Employment status of the civilian noninstitutional population by race, Hispanic or Latino ethnicity, sex, and age, seasonally adjusted
Unemployment rate African Americans ag 16+: 9.5%
African American Men age 20+: 9.2%
African american Women age 20+: 8.1%
African Americans age 16-19: 31% (that's 216,000 unemployed)

Says a lot about the education system when many black people are leaving school without the ability to get a job.

That's funny. I was thinking it says alot about the drop outs, that they all dropped out without the ability to get a job.

Well that's one way to look at it.

Another way to look at it is that poverty and systemic racism force kids to leave school in order to make enough money to survive. That may be by taking dead end jobs or becoming involved in criminal activities such as drug dealing.

This isn't a difficult issue to address, either, given the wealth of this nation.

It really just takes the desire to do it.

 

[Claudette]

='s whatever they want it to equal.




The U-6 rate dipped in August to 10.3 percent, the lowest since June 2008. The overall trend in the U-6 has been more volatile than the main unemployment rate (also known as the U-3). The U-6 is down 140 basis points over the past year, versus an 80-basis-point drop in the U-3.

Chart: What’s the real unemployment rate?

2007 8.4 8.2 8 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9 9.1 9.2 9.7 10.1 10.5 10.8 11 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16 15.9 16.1 15.8 16.1 15.9 16.1 16.3 15.8 15.5 15.2
2012 15.2 15 14.5 14.6 14.8 14.8 14.8 14.6 14.7 14.4 14.4 14.4
2013 14.5 14.3 13.8 14 13.8 14.2 13.8 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12 12.2 12 11.7 11.5 11.4 11.2
2015 11.3 11 10.9 10.8 10.8 10.5

 

[pinqy]

='s whatever they want it to equal.




The U-6 rate dipped in August to 10.3 percent, the lowest since June 2008. The overall trend in the U-6 has been more volatile than the main unemployment rate (also known as the U-3). The U-6 is down 140 basis points over the past year, versus an 80-basis-point drop in the U-3.

Chart: What’s the real unemployment rate?

2007 8.4 8.2 8 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9 9.1 9.2 9.7 10.1 10.5 10.8 11 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16 15.9 16.1 15.8 16.1 15.9 16.1 16.3 15.8 15.5 15.2
2012 15.2 15 14.5 14.6 14.8 14.8 14.8 14.6 14.7 14.4 14.4 14.4
2013 14.5 14.3 13.8 14 13.8 14.2 13.8 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12 12.2 12 11.7 11.5 11.4 11.2
2015 11.3 11 10.9 10.8 10.8 10.5

It's not clear what your point is. You seem to be saying that the official rate is UNDERSTATING the improvement since the U-6 has improved more.

 

[SwimExpert]

And why? A good school, a good system with good schools, wouldn't let this happen in most cases.

Listen to you. Everything is about force and power in your world. The wouldn't let it happen? Individuals making decisions of their own free will just doesn't factor into your equation, does it?

 

[Delta4Embassy]

You can't make this stuff up.

Wasn't wrong. But the figure is onyl true from the specfied pov.

" How does he arrive at such a wild figure?

Trump appears to be looking at the number of American adults not working. Period.

Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. "
Donald Trump's wild claim: U.S. unemployment is 42%

 

[Delta4Embassy]

Guess when Trump says 42% aren't working, ignoring students, stay-at-home moms and the like he wants every able-bodied person to be gainfully employed. That's not a good image.

 

[Claudette]

='s whatever they want it to equal.




The U-6 rate dipped in August to 10.3 percent, the lowest since June 2008. The overall trend in the U-6 has been more volatile than the main unemployment rate (also known as the U-3). The U-6 is down 140 basis points over the past year, versus an 80-basis-point drop in the U-3.

Chart: What’s the real unemployment rate?

2007 8.4 8.2 8 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9 9.1 9.2 9.7 10.1 10.5 10.8 11 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16 15.9 16.1 15.8 16.1 15.9 16.1 16.3 15.8 15.5 15.2
2012 15.2 15 14.5 14.6 14.8 14.8 14.8 14.6 14.7 14.4 14.4 14.4
2013 14.5 14.3 13.8 14 13.8 14.2 13.8 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12 12.2 12 11.7 11.5 11.4 11.2
2015 11.3 11 10.9 10.8 10.8 10.5

It's not clear what your point is. You seem to be saying that the official rate is UNDERSTATING the improvement since the U-6 has improved more.

The point is that the 5.1% isn't correct.

 

[Sallow]

='s whatever they want it to equal.




The U-6 rate dipped in August to 10.3 percent, the lowest since June 2008. The overall trend in the U-6 has been more volatile than the main unemployment rate (also known as the U-3). The U-6 is down 140 basis points over the past year, versus an 80-basis-point drop in the U-3.

Chart: What’s the real unemployment rate?

2007 8.4 8.2 8 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9 9.1 9.2 9.7 10.1 10.5 10.8 11 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16 15.9 16.1 15.8 16.1 15.9 16.1 16.3 15.8 15.5 15.2
2012 15.2 15 14.5 14.6 14.8 14.8 14.8 14.6 14.7 14.4 14.4 14.4
2013 14.5 14.3 13.8 14 13.8 14.2 13.8 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12 12.2 12 11.7 11.5 11.4 11.2
2015 11.3 11 10.9 10.8 10.8 10.5

Using this metric, President Obama has over seen UE come down from a high of 17.1 to 10.5.

That's really remarkable.

Why the fuck are you bitching about that?

 

[JakeStarkey]

The far right loons know the actual UE rate is below 5.5%, which just enrages them . . . enrages.

 

[pinqy]

='s whatever they want it to equal.




The U-6 rate dipped in August to 10.3 percent, the lowest since June 2008. The overall trend in the U-6 has been more volatile than the main unemployment rate (also known as the U-3). The U-6 is down 140 basis points over the past year, versus an 80-basis-point drop in the U-3.

Chart: What’s the real unemployment rate?

2007 8.4 8.2 8 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9 9.1 9.2 9.7 10.1 10.5 10.8 11 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16 15.9 16.1 15.8 16.1 15.9 16.1 16.3 15.8 15.5 15.2
2012 15.2 15 14.5 14.6 14.8 14.8 14.8 14.6 14.7 14.4 14.4 14.4
2013 14.5 14.3 13.8 14 13.8 14.2 13.8 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12 12.2 12 11.7 11.5 11.4 11.2
2015 11.3 11 10.9 10.8 10.8 10.5

It's not clear what your point is. You seem to be saying that the official rate is UNDERSTATING the improvement since the U-6 has improved more.

The point is that the 5.1% isn't correct.

No? What is the correct percent of those doing something about work who are not working? And what is you source?