The biggest challenge of our modern economy here, and everywhere.

[pinqy]

We do not have 95% employment. Check the bureau of labor statistics. The 25-54 age group is at 18.8% unemployment. The other age groups are way worse too.

Ummm, you obviously didn't check BLS.

Or if you prefer the direct BLS link: Unemployment rate age 25-64

Of course, we don't have 95% employment either...it's 59.4%. Employment is percent of population, and unemployment is percent of the labor force.

Wow, 40.6% not working, it's worse than I thought. I wonder how these people get by? Some are retired, some are in college but many want a job. Maybe everyone is living off lottery winnings or have a very rich mother or father. Thank you for correcting me.

Well, out of the adult civilian non-institutional population (age 16+, excluding military and those in prison or other institution) there are101,894,000 who did not work in April.
88,100,000 (87.2%) did not want a job, 13,084,000 (12.8%) did.
Of those 13 million who did, 7,413,000 (7.3% of those not working) were looking for work and were classified as Unemployed.

That leaves 5,671,000 (2.2% of the population, 5.6% of those not working) who said they wanted a job but weren't doing anything to get one. Most of those had not looked for work in the previous year, which makes their claim rather dubious in my opinion. A-38. Persons not in the labor force by desire and availability for work, age, and sex

Footnote#1 "includes some persons who were not asked if they want a job"

I wonder what % of people that was????
I know my wife who has been laid off 2 years never got a survey.

Those who were not asked were those who had answered earlier that they were disabled and could not work.

What does your wife have to go with anything? Surely you don't think everyone in the country could be interviewed every month?

 

[Rshermr]

We do not have 95% employment. Check the bureau of labor statistics. The 25-54 age group is at 18.8% unemployment. The other age groups are way worse too.

Ummm, you obviously didn't check BLS.

Or if you prefer the direct BLS link: Unemployment rate age 25-64

Of course, we don't have 95% employment either...it's 59.4%. Employment is percent of population, and unemployment is percent of the labor force.

Wow, 40.6% not working, it's worse than I thought. I wonder how these people get by? Some are retired, some are in college but many want a job. Maybe everyone is living off lottery winnings or have a very rich mother or father. Thank you for correcting me.

Or maybe he has been watching those casino commercials where everyone wins all the time. Maybe he assumes all those gamblers do not want to work, and live on their winnings. Poor boy.

 

[pinqy]

Do you truly believe there are 88,100,000 people that do not want to work?

Easily, and that's probably an understatement: there are 3.3 million who say they want a job but have not submitted one application or one resume or asked a friend if they knew of anything in the last year.

Do you want the breakdown of disabled, over 65, full time students? I can only give a rough estimate of stay home spouses because the most recent data are from 2014. The numbers make sense.

All I am saying is 5% unemployment sounds really good for the govt and the country but it just isn't so. It's a big lie.

Well that's the seasonally adjusted number. The unadjusted number is 4.7%.
But why do you think it's a lie? You don't believe that 4.7% of those trying to work are unsuccessful?

say 5% are getting unemployment benefits then that would be correct.

No, only about 2 million people are collecting UI benefits

 

[EdwardBaiamonte]

If technology really will produce future gains, then it can be shared that way, somewhat like Alaska and Norway share Oil riches with the population.

Oil occurs naturally, technology does not. Technology requires huge risk, 7 day weeks, and 150 IQs. Stealing it from those who create it will obviously discourage them until you get a typical soviet result. 1+1=2