francoHFW
Diamond Member
Dittoheads!! This is Reagan's UE equation...
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If Klein is too stupid to know Boomers are retiring in record numbers and people leave the workforce for a multitude of reasons, why should I even care about your mind-reading skills?He makes the same moronic assumption that everyone who leaves the workforce is frustrated.
No Boomers ever retire, no one of working age goes back to school, gets married, gets sick or injured or decides to care for a family member who gets sick or injured, etc.
The only reason people leave the workforce is because they are discouraged.
From your link:
I think you are the one who is making the moron mistake.
Klein isn't going to post bad news unless he really thought there was a problem. He is one of BHO biggest apologists.
Dittoheads!! This is Reagan's UE equation...
Boy the lack of response from the left is just amazing.
No Obama rescues ?
*"But if all discouraged workers are included, the 8.6% figure rises. Including “marginally attached workers” – those who are discouraged – was 15.6% in November, according to government data. John Williams, a statistician and economist, says the real unemployment figure including all discouraged workers who stopped looking for work is closer to a staggering 22.6% — nearly a quarter of the potential workforce. Since 1994, the government data defines discouraged workers as those who have been looking for work within the last year. Williams includes all discouraged workers. “I know plenty of people who have been discouraged for more than a year,” he says."
How does Bozo expect to create jobs/expects to win when most small business will not hire until he loses the election?
Boy the lack of response from the left is just amazing.
No Obama rescues ?
Spinning takes time, but sure they'll be along eventually to defend their guy.
Obama and the liberal media are out there claiming that unemployment is below 9% and some recently bashed FOX news for reporting that it's actually not improved. The truth is that many people have either given up or don't qualify for unemployment benefits anymore, so they are no longer counted in the statistics. Just because they aren't counted doesn't mean they don't exist and aren't still suffering from the bad economy. But then counting them and reporting it honestly wouldn't make Obama look good.
*"But if all discouraged workers are included, the 8.6% figure rises. Including marginally attached workers those who are discouraged was 15.6% in November, according to government data. John Williams, a statistician and economist, says the real unemployment figure including all discouraged workers who stopped looking for work is closer to a staggering 22.6% nearly a quarter of the potential workforce. Since 1994, the government data defines discouraged workers as those who have been looking for work within the last year. Williams includes all discouraged workers. I know plenty of people who have been discouraged for more than a year, he says."
Is the Real Unemployment Rate 22.6%?
Is the Real Unemployment Rate 22.6%? - Real-Time Advice - SmartMoney
He makes the same moronic assumption that everyone who leaves the workforce is frustrated.Wonkbook: The real unemployment rate is 11 percent - The Washington Post
When Ezra Klein, a partisan who has his lips welded to President Obama's ass, says it's 11%, you might want to reconsider what a Bob Schrum type comment you made looks like to others.
Idiot.
No Boomers ever retire, no one of working age goes back to school, gets married, gets sick or injured or decides to care for a family member who gets sick or injured, etc.
The only reason people leave the workforce is because they are discouraged.
From your link:
Since 2007, the percent of the population that either has a job or is actively looking for one has fallen from 62.7 percent to 58.5 percent. That's millions of workers leaving the workforce, and it's not because they've become sick or old or infirm. It's because they can't find a job, and so they've stopped trying. That's where Luce's calculation comes from.
I think you are the one who is making the moron mistake.
Klein isn't going to post bad news unless he really thought there was a problem. He is one of BHO biggest apologists.
Conservatives are only interested in discussing the "REAL" unemployment rate when they're not in power and it fits into their political agenda!What Is The Real Unemployment Rate? - Seeking Alpha
This provides another side of the story to the 8.6 percent unemployment rate we hear about. It's not without criticism but neither is the 8.6 percent number.
First, 11.0% or 11.4% or whatever could only be the "real" UE rate IF AND ONLY IF whatever the baseline LF participation rate is the "real" one that should be used. Which is ridiculous. Whatever month is chosen is arbitrary. We could base it on Mar 2000 and get a current UE rate of 13.1%, we could base it on Jan, 1970 and get a current UE rate of 3.2% or even March, 1948 and have a current UE rate of 0.1%.
I think those last two well illustrate the problem. Using the baseline LF participation rate only works if the baseline is higher. If it's lower as it was in 1970 (60.4%) or 1948 (58.5%) the equations don't make much sense as you have to subtract people from the Unemployed category to match the LF ratio.
It IS good to look at the LF participation rate in conjunction with the UE rate, but the LF participation rate is hardly the proper baseline.
Discouragement is not the only reason people leave the labor force and it's not only from Unemploymed that people leave. Someone retiring or going back to school or deciding to stay home with the kids or joining the military or going to jail or leaving the country or dying are all negatives to the labor force.
And also people losing/leaving work and not starting to look for work yet. If you quit or get laid off, you're not unemployed until/unless you look for work.
First, 11.0% or 11.4% or whatever could only be the "real" UE rate IF AND ONLY IF whatever the baseline LF participation rate is the "real" one that should be used. Which is ridiculous. Whatever month is chosen is arbitrary. We could base it on Mar 2000 and get a current UE rate of 13.1%, we could base it on Jan, 1970 and get a current UE rate of 3.2% or even March, 1948 and have a current UE rate of 0.1%.
I think those last two well illustrate the problem. Using the baseline LF participation rate only works if the baseline is higher. If it's lower as it was in 1970 (60.4%) or 1948 (58.5%) the equations don't make much sense as you have to subtract people from the Unemployed category to match the LF ratio.
It IS good to look at the LF participation rate in conjunction with the UE rate, but the LF participation rate is hardly the proper baseline.
Discouragement is not the only reason people leave the labor force and it's not only from Unemploymed that people leave. Someone retiring or going back to school or deciding to stay home with the kids or joining the military or going to jail or leaving the country or dying are all negatives to the labor force.
And also people losing/leaving work and not starting to look for work yet. If you quit or get laid off, you're not unemployed until/unless you look for work.
It is all relative and any analysis is useful as long as the context is provided.
I think that was done in this case.