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Unemployment doesn't go up when people drop out of the labor force. That's perfectly backwards.
Unemployment goes up as people either re-enter the labor force but are unable to find work OR the number of people in the labor force remains the same but the number employed goes down. Your problem is that you don't understand the link that you, yourself provided.
I'm just trying to figure out why they think someone who stops looking for work because they went back to school, retired or are focusing on family, that somehow that's a bad thing.
Long story short, this is the worst economy since Roosevelt's New Deal fucked us up for 8 years.
There are many examples of the Unemployment Level going up and the Labor Force going down and other cases of the Unemployment Rate going up and the Labor Force going down. Both happened this month....Unemployment went up 45,000, but Labor Force dropped 150,000Unemployment doesn't go up when people drop out of the labor force. That's perfectly backwards.It's fuzzy math.
No actually, its not
Employment Situation Summary
Table A-10. Selected unemployment indicators, seasonally adjusted
Sometimes I think the Republicans/conservatives focus on Obama is a waste of their time.
With UE over 8% and Obama claiming his ideas worked, why waste money campaigning agaisnt him? Should not the Right focus more on individual senate and state races.
I guess the right is trying to keep people from looking into Obama's eyes? Yep, they are a bit hypnotic.
Unemployment doesn't go up when people drop out of the labor force. That's perfectly backwards.
Unemployment goes up as people either re-enter the labor force but are unable to find work OR the number of people in the labor force remains the same but the number employed goes down. Your problem is that you don't understand the link that you, yourself provided.
I'm just trying to figure out why they think someone who stops looking for work because they went back to school, retired or are focusing on family, that somehow that's a bad thing.
Idiot
Times are so good people are going back to school and retiring.
Idiot.
I'm just trying to figure out why they think someone who stops looking for work because they went back to school, retired or are focusing on family, that somehow that's a bad thing.
Idiot
Times are so good people are going back to school and retiring.
Idiot.
Frank, you're the only person I see being angry about people retiring.
Right, but ceteris paribus the size of the labor force going down would lead to the unemployment rate going down - right? Since the number of employed folks would now be a larger portion of the total labor force.There are many examples of the Unemployment Level going up and the Labor Force going down and other cases of the Unemployment Rate going up and the Labor Force going down. Both happened this month....Unemployment went up 45,000, but Labor Force dropped 150,000Unemployment doesn't go up when people drop out of the labor force. That's perfectly backwards.
The Labor Force is a dependent variable...it's just the sum of Employed and Unemployed. It goes down when one of the two goes down by more than the other goes up.
Idiot
Times are so good people are going back to school and retiring.
Idiot.
Frank, you're the only person I see being angry about people retiring.
Well, our population is growing and this means that new people aren't getting jobs. To much red tape?
Right, but ceteris paribus the size of the labor force going down would lead to the unemployment rate going down - right? Since the number of employed folks would now be a larger portion of the total labor force.There are many examples of the Unemployment Level going up and the Labor Force going down and other cases of the Unemployment Rate going up and the Labor Force going down. Both happened this month....Unemployment went up 45,000, but Labor Force dropped 150,000Unemployment doesn't go up when people drop out of the labor force. That's perfectly backwards.
The Labor Force is a dependent variable...it's just the sum of Employed and Unemployed. It goes down when one of the two goes down by more than the other goes up.
Long story short, this is the worst economy since Roosevelt's New Deal fucked us up for 8 years.
You mean that period where we experienced some of the fastest growth in US peacetime history? When unemployment fell by a third?
That period, Frank?
Frank, you're the only person I see being angry about people retiring.
Well, our population is growing and this means that new people aren't getting jobs. To much red tape?
No, too many older workers who can't retire because their retirement plans were trashed in 2008. This is why we should be happy about people retiring and leaving the work force. The more that happens, the more younger workers can get in.
Well, our population is growing and this means that new people aren't getting jobs. To much red tape?
No, too many older workers who can't retire because their retirement plans were trashed in 2008. This is why we should be happy about people retiring and leaving the work force. The more that happens, the more younger workers can get in.
Don't be as stupid as you, people aren't retiring in greater number because the economy is so good.
Jackass
Jobless rate rises to 8.3 percent, hiring picks up but still falling short
Read more: Jobless rate rises to 8.3 percent, hiring picks up but still falling short | Fox News
this is the last one before the conventions begin.
