Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
The chief reason the economy is sluggish is because we have a massive public and private debt overhang. As long as we have that overhang, whenever there is a down cycle our economy is going to have a lethargic recovery..
The economy remains mediocre. Forget the talking heads, politicians and partisans, and pay attention to the yield of 10-year Treasuries.
Last month at this time it was at a ridiculously low 2.03%. As of this writing it's at 1.82%.
A foundation is there, but there is little dynamic pressure upwards.
.
There's no minimum pay. I don't know where he's getting that $20 number from. And unpaid work in a family business or farm is employed if 15 or more hours.From Jim Clifton is Chairman and CEO at Gallup.
If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Why would you count someone who has a job as unemployed?Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.
If it was purported or presented to be a measure of suffering then that would be true. But it is not meant to be and no one has ever claimed it is a measure of suffering.There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
In December, there were 8.3 million people not working but looking for work, 6.2 million not working who said they wanted a job but hadn't looked for work in the last month or were unable to accept a job if offered. And 7 million who want to and could work 35+ hours/week, but worked less than that due to slow business or couldn't find full time job. (all numbers not seasonally adjusted). That's far short of his 6 million.Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.But about 3/4 of those who work part time are voluntary, not due to economic reasons.Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older.
Has the methodology for the measurement of unemployment changed in the past ten years?
No?
Okay then.
Funny how the rubes weren't parsing the shit out of the unemployment figures when the white guy was in office.
Yep, definitely an element of this.The chief reason the economy is sluggish is because we have a massive public and private debt overhang. As long as we have that overhang, whenever there is a down cycle, our economy is going to have a lethargic recovery until we have deleveraged all that debt..
The economy remains mediocre. Forget the talking heads, politicians and partisans, and pay attention to the yield of 10-year Treasuries.
Last month at this time it was at a ridiculously low 2.03%. As of this writing it's at 1.82%.
A foundation is there, but there is little dynamic pressure upwards.
.
There is nothing misleading about the information provided by BLS. I can't help it if rubes choose to have that information dumbed down for them by way of their favorite partisan media filters instead of going straight to the source.Has the methodology for the measurement of unemployment changed in the past ten years?
No?
Okay then.
Funny how the rubes weren't parsing the shit out of the unemployment figures when the white guy was in office.
When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
LiarThere is nothing misleading about the information provided by BLS. I can't help it if rubes choose to have that information dumbed down for them by way of their favorite partisan media filters instead of going straight to the source.Has the methodology for the measurement of unemployment changed in the past ten years?
No?
Okay then.
Funny how the rubes weren't parsing the shit out of the unemployment figures when the white guy was in office.
When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
Only because the labor participation rate went down.
Figure it out.
I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
Only because the labor participation rate went down.
Figure it out.
Every confidence.
Fox News did not hesitate to tell the rubes why dropping gas prices are a bad thing.I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
Only because the labor participation rate went down.
Figure it out.
Every confidence.
Non sequitur
Gallup, the geniuses who had Romney winning in 2012.
Fox News did not hesitate to tell the rubes why dropping gas prices are a bad thing.I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
Only because the labor participation rate went down.
Figure it out.
Every confidence.
Non sequitur
Every confidence.
Falling oil prices could hurt US producers fracking industry Fox NewsFox News did not hesitate to tell the rubes why dropping gas prices are a bad thing.
Every confidence.
I watch Fox.
Never happened.
Liar
A-25. Persons at work 1 to 34 hours in all and in nonagricultural industries by reason for working less than 35 hours and usual full- or part-time statusBut about 3/4 of those who work part time are voluntary, not due to economic reasons.
Link
The method measures the same thing it always has: the percent of the labor force not working. If you want the answer to a different question, look at a different measure. Don't complain that the screwdriver is a poor hammerHas the methodology for the measurement of unemployment changed in the past ten years?
No?
Okay then.
Funny how the rubes weren't parsing the shit out of the unemployment figures when the white guy was in office.
When the method becomes misleading on the true state of the economy then another method should be used.
Why? And how would you objectively define and measure underemployment?Underemployment should be a major factor in unemployment accounting.
I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.When the method becomes misleading on the true state of the economy then another method should be used.
Underemployment should be a major factor in unemployment accounting.
Only because the labor participation rate went down.
Figure it out.
Every confidence.
Fox News did not hesitate to tell the rubes why dropping gas prices are a bad thing.I have every confidence that when the labor force participation rate goes up, Fox News and Breitbart and the Washington Times will be right there to whisper in your ear and tell you why that is a bad thing.And underemployment is DOWN since Obama came into office. When Bush left there were 7,911,000 underemployed and there are 6,699,000 now.
Only because the labor participation rate went down.
Figure it out.
Every confidence.
Non sequitur
Every confidence.
I watch Fox.
Never happened.
Liar
Again, this administration didn't invent the U-3 measure.you just wonder how ANYONE can still believe a word out of this administrations mouth. If you still take them at their word, then you deserve to be DECEIVED by them
