U.S. Unemployment Drops to Record Low

[007]

I know.

What you said is wrong.

No... it's not. What he said is 100% fact.

 

[Oddball]

 

[Dekster]

And where did you divine those numbers? You just pull them out of your ass?

The official keeper of the numbers. Google is free. Try to use it to educate yourself some time.

 

[Turtlesoup]

U.S. Jobless Claims Hit Lowest Level Since 1969​

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There are no signs that Russia's war against Ukraine, which has sent U.S. gasoline prices to record highs and is expected to worsen the strain on global supply chains, has impacted the labor market and business activity...​

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The claims report showed the number of people receiving benefits after an initial week of aid decreased 67,000 to 1.350 million during the week ended March 12, the lowest since January, 1970...​

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"These data suggest that the March employment situation report is likely to be similar to recent reports, which have shown strong job growth and continuing declines in the unemployment rate," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.​

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U.S. labor market tightens as weekly jobless claims hit lowest level since 1969

The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation.

www.reuters.com

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From January 2021 to January 2022, unemployment rates decreased in 49 states and the District of Columbia, and were essentially unchanged in 1 state.​

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View attachment 620675​

You mean US labor participation rate drops to all time low-----people are no longer looking for jobs as they make more collecting a welfare check/tax check than by working so they fall off the labor rolls.

 

[Oddball]

You mean US labor participation rate drops to all time low-----people are no longer looking for jobs as they make more collecting a welfare check/tax check than by working so they fall off the labor rolls.

Not just that....How many are now working under the table?

 

[Toddsterpatriot]

No... it's not. What he said is 100% fact.

"Many people aren't counted as unemployed because they are no longer eligible for unemployment benefits."

Being counted as unemployed has nothing to do with whether you are or are not eligible for unemployment benefits.

 

[Muhammed]

They always hate good news.

You are confusing "hatred of good news" with "acknowledging reality".

In reality, schmidlap lied in the title of this thread.

 

[FA_Q2]

People don't apply for benefits they then fall off the radar.

And?

It has NOTHING TO DO with counting unemployed. Nothing. Nada. Zip. Zilch. Zero.

At no point is unemployment benefits factored in, used to find, looked up, counted or calculated in unemployment numbers.

 

[FA_Q2]

No... it's not. What he said is 100% fact.

No, it is not.

BLS explicitly states EXACTLY how unemployment is calculated.

Unemployment has NOTHING to do with that calculation.

Concepts and Definitions (CPS)

Concepts and Definitions (CPS)

www.bls.gov

 

[JimH52]

U.S. Jobless Claims Hit Lowest Level Since 1969​

​

​

There are no signs that Russia's war against Ukraine, which has sent U.S. gasoline prices to record highs and is expected to worsen the strain on global supply chains, has impacted the labor market and business activity...​

​

The claims report showed the number of people receiving benefits after an initial week of aid decreased 67,000 to 1.350 million during the week ended March 12, the lowest since January, 1970...​

​

"These data suggest that the March employment situation report is likely to be similar to recent reports, which have shown strong job growth and continuing declines in the unemployment rate," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.​

​

U.S. labor market tightens as weekly jobless claims hit lowest level since 1969

The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation.

www.reuters.com

​

​

From January 2021 to January 2022, unemployment rates decreased in 49 states and the District of Columbia, and were essentially unchanged in 1 state.​

​

​

View attachment 620675​

Thank you Joe Biden!

 

[schmidlap]

You mean ... they make more collecting a welfare check/tax check than by working so they fall off the labor rolls.

You mean, Unemployment claims fall to near 53-year low; Biden hails 'historic' progress

Fewer Americans collecting unemployment than at any time since 1970​

 

[schmidlap]

You know that has a lot to do with people dropping out of the workforce. So it is not accurate in anyway.

If you have alternative data that contradicts that of the U.S. Department of Labor, you should post it.

U.S. Jobless Claims Hit Lowest Level Since 1969

Does the thriving economy mean that Americans have more alternatives to being wage slaves?

Indeed, they do.

More Americans are leaving full-time jobs for freelance work

 

[justoffal]

U.S. Jobless Claims Hit Lowest Level Since 1969​

​

​

There are no signs that Russia's war against Ukraine, which has sent U.S. gasoline prices to record highs and is expected to worsen the strain on global supply chains, has impacted the labor market and business activity...​

​

The claims report showed the number of people receiving benefits after an initial week of aid decreased 67,000 to 1.350 million during the week ended March 12, the lowest since January, 1970...​

​

"These data suggest that the March employment situation report is likely to be similar to recent reports, which have shown strong job growth and continuing declines in the unemployment rate," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.​

​

U.S. labor market tightens as weekly jobless claims hit lowest level since 1969

The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation.

www.reuters.com

​

​

From January 2021 to January 2022, unemployment rates decreased in 49 states and the District of Columbia, and were essentially unchanged in 1 state.​

​

​

View attachment 620675​

Your post title and your article do not match. Unemployment is actually at a record high. Jobless claims on the other hand are probably at a record low. They are two totally different statistics and have totally different meanings.

 

[schmidlap]

Your post title and your article do not match. Unemployment is actually at a record high. Jobless claims on the other hand are probably at a record low. They are two totally different statistics and have totally different meanings.

If you do not like the official numbers that I linked to and posted, you can share your alternative sources.

 

[Uncensored2008]

If you do not like the official numbers that I linked to and posted, you can share your alternative sources.

You got caught, slither back to your sewer and wait for KOS to feed you a new lie to post.

 

[schmidlap]

You got caught, slither back to your sewer and wait for KOS to feed you a new lie to post.

You may be in a tizzy because you cannot refute that
U.S. Jobless Claims Hit Lowest Level Since 1969,
but that is precisely what the empirical data confirms.

 

[JohnDB]

You mean US labor participation rate drops to all time low-----people are no longer looking for jobs as they make more collecting a welfare check/tax check than by working so they fall off the labor rolls.

Not really...
A major portion of the labor force has gone into "early retirement ". Meaning that their retirement portfolio can sustain them indefinitely with a level of lifestyle that they find comfortable.

However this is a mixed bag of seasoned and experienced workers. In some instances the seasoned workers were resistant to new technology and their replacement are not. In others it's a disaster as these positions require seasoned professionals to who don't need to "rediscover" a wheel is round. The result being that they are basically incompetent at the job they now hold.

 

[FA_Q2]

Your post title and your article do not match. Unemployment is actually at a record high. Jobless claims on the other hand are probably at a record low. They are two totally different statistics and have totally different meanings.

You are trying to redefine terms to make the claim they do not match. That is dishonest.

Unemployment is, definitionally, at a low. Labor participation rate is ALSO at a low. Because the latter is true, you cannot redefine the term to make a point.

Your point would be better served by making it using the actual manner that terms are defined.

 

[Woodznutz]

They always hate good news.

"Good news" has to be true in order to be "good".

 

[Nuthin' Fancy]

Trumptards were having orgasms over Trump claims "Lowest unemployment in 50 years" and "Black unemployment the lowest it's ever been", which they regurgitated 1000's of times.

Now they bring out the same shit they used on Obama.
The U-6 and Labor Force participation rate, to quell any good job numbers by a democrat.