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That wold be a stupid point, U3 isn't misleading because it is precisely defined on the BLS web site. Morons like you are misled by it because you are an uneducated blowhard who only has a puddle deep understanding of anything in life.The point is, the UE 3 is misleading and not a true indication of the strength of the economy.
There are many indicators of the strength of an economy, and yes U3 is one of them albeit a lagging one by itself it isn't a good barometer.
Ahh so that U3 percentage indicator that has been going down is no good, but hey you'll trot out an absolute amount of number of people on food stamps and declare that the true measure of an economy. What labor force participation rate (a measure that has been down since the 90s) magically transforms it into a good economy? 63%? 65?If 43 million people are on food stamps and the labor participation rate is only 62% then the economy sucks.
No wonder you're stuck playing around with a screwdriver in the rain, don't quite your job that only requires a few dozen synapses to fire per hour.
That doesn't match up with previous statements, remember this is a message board when your lies aren't consistent they are easily exposed.I pull in 10-12k a month in rents, another $4500k at the job.
You brought it when you came into the thread hurling insults at me, now suddenly you're above it all eh? Next time try to join the discussion by addressing the topic instead of calling people meathead, we get along better.I really don't care what you think, because you're just some fuckwad on the internet. What you think doesn't equal a bucket of spit.
All the measures have issues giving an accurate picture, take U-6 and you've got all sorts of people not looking for work because they are taking time off for their own reasons be it school or whatever. That is no better a picture.The UE 3 is just an oversimplification of employment. It doesn't tell us the whole story. In terms of economics it is just used to give us a general impression of the job market.
That doesn't match up with previous statements, remember this is a message board when your lies aren't consistent they are easily exposed.I pull in 10-12k a month in rents, another $4500k at the job.
You brought it when you came into the thread hurling insults at me, now suddenly you're above it all eh? Next time try to join the discussion by addressing the topic instead of calling people meathead, we get along better.I really don't care what you think, because you're just some fuckwad on the internet. What you think doesn't equal a bucket of spit.
Agreed.All the measures have issues giving an accurate picture, take U-6 and you've got all sorts of people not looking for work because they are taking time off for their own reasons be it school or whatever. That is no better a picture.The UE 3 is just an oversimplification of employment. It doesn't tell us the whole story. In terms of economics it is just used to give us a general impression of the job market.
No, it's not high enough for them.The current U-6 unemployment number is 11.2%. Does that make you happier, RWnuts?
Ahh interesting rationalization for walking into thread acting like an asshole, and funny you can dish it out but hate when it comes back.Maybe if you developed a thicker skin you wouldn't come off as such an elitist prick.
No it doesn't, and you're full of shit, and everyone laughed about it last time you tried the 200k thing then didn't understand tiered taxes, profit vs. revenue, etc.And the income I stated is consistent with past statements. I just don't make a habit of talking about it all of the time
I don't believe that everyone laughed. And I understand taxes. I also understand the difference between profit and revenue. You think if you can throw a few simple terms at me you can stump me you're mistaken. It's basically Business 101. Now Physics is pretty tough but the most confusing thing about owning a business is figuring out your taxes, keeping up with the changes, and Turbotax pretty much eliminated that problem. While going to income tax preparers school they taught us about tiers in the tax code the first week.Ahh interesting rationalization for walking into thread acting like an asshole, and funny you can dish it out but hate when it comes back.Maybe if you developed a thicker skin you wouldn't come off as such an elitist prick.
No it doesn't, and you're full of shit, and everyone laughed about it last time you tried the 200k thing then didn't understand tiered taxes, profit vs. revenue, etc.And the income I stated is consistent with past statements. I just don't make a habit of talking about it all of the time
That is because you are in denial after being the butt of jokes.I don't believe that everyone laughed.
It wasn't me who said those terms and I'm not interested in confusing an idiot, it was the other posters responding to your obvious bullshit that who were pointing it out.And I understand taxes. I also understand the difference between profit and revenue. You think if you can throw a few simple terms at me you can stump me you're mistaken.
Ah hah! You are correct here and why am I doing this? Because first post you made in this thread to me in what had been a relatively civil discussion, was to tack on childish name calling insults on the end for no other reason than to prove how much off an asshole you are.What you're trying to do is use ridicule as a weapon
So now the disabled do not "deserve" help!Offering Social Security Disability to millions of people who don't deserve it distorted the true jobs market as did extending unemployment benefits to 99weeks in hopes of developing an entitlement mentality in the workforce. It's like hooking millions of people on free heroin. They get hooked.
That wold be a stupid point, U3 isn't misleading because it is precisely defined on the BLS web site. Morons like you are misled by it because you are an uneducated blowhard who only has a puddle deep understanding of anything in life.The point is, the UE 3 is misleading and not a true indication of the strength of the economy.
There are many indicators of the strength of an economy, and yes U3 is one of them albeit a lagging one by itself it isn't a good barometer.
Ahh so that U3 percentage indicator that has been going down is no good, but hey you'll trot out an absolute amount of number of people on food stamps and declare that the true measure of an economy. What labor force participation rate (a measure that has been down since the 90s) magically transforms it into a good economy? 63%? 65?If 43 million people are on food stamps and the labor participation rate is only 62% then the economy sucks.
No wonder you're stuck playing around with a screwdriver in the rain, don't quite your job that only requires a few dozen synapses to fire per hour.
The UE 3 is just an oversimplification of employment. It doesn't tell us the whole story. In terms of economics it is just used to give us a general impression of the job market. Offering Social Security Disability to millions of people who don't deserve it distorted the true jobs market as did extending unemployment benefits to 99weeks in hopes of developing an entitlement mentality in the workforce. It's like hooking millions of people on free heroin. They get hooked.
Technically, only the U-1, U-2, and U-3 are unemployment rates. The U-4, U-5, and U-6 include people who are not unemployed in the numerator and the U-6 even includes people who have jobs (some of whom have full time jobs). So those are rates of underutilization, not unemployment.That wold be a stupid point, U3 isn't misleading because it is precisely defined on the BLS web site. Morons like you are misled by it because you are an uneducated blowhard who only has a puddle deep understanding of anything in life.The point is, the UE 3 is misleading and not a true indication of the strength of the economy.
There are many indicators of the strength of an economy, and yes U3 is one of them albeit a lagging one by itself it isn't a good barometer.
Ahh so that U3 percentage indicator that has been going down is no good, but hey you'll trot out an absolute amount of number of people on food stamps and declare that the true measure of an economy. What labor force participation rate (a measure that has been down since the 90s) magically transforms it into a good economy? 63%? 65?If 43 million people are on food stamps and the labor participation rate is only 62% then the economy sucks.
No wonder you're stuck playing around with a screwdriver in the rain, don't quite your job that only requires a few dozen synapses to fire per hour.
The UE 3 is just an oversimplification of employment. It doesn't tell us the whole story. In terms of economics it is just used to give us a general impression of the job market. Offering Social Security Disability to millions of people who don't deserve it distorted the true jobs market as did extending unemployment benefits to 99weeks in hopes of developing an entitlement mentality in the workforce. It's like hooking millions of people on free heroin. They get hooked.
U-3 isn't the only unemployment figure given. It's not surprising you don't know that.
Nah, the true unemployment rate is closer to 70%! But the government can't let the public find out.Official stats are lying, websites, newsportals too.
Everybody knows that our unemployment rate is much higher than 12%. But the main target of future candidates is to show, that all is much better that we think.
The only problem is... Today, America have much more smart persons than ever!
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.
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.
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.
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.
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.
The Big Lie 5.6 Unemployment
That's Labor Participation Rate
Nah, the true unemployment rate is closer to 70%! But the government can't let the public find out.Official stats are lying, websites, newsportals too.
Everybody knows that our unemployment rate is much higher than 12%. But the main target of future candidates is to show, that all is much better that we think.
The only problem is... Today, America have much more smart persons than ever!
That's Labor Participation Rate
No shit sherlock.
If you'll notice it's connected to CEO of Gallup Jim Cliftons earlier remarks about the true unemployment rate.
Which is what the damn thread is about.
