that had been released earlier in the week, which indicated that private-sector employers had added 275,000 . Economists had actually cautioned that this was likely an overstatement of the true situation, but it was difficult not to take it as a positive sign.
With U.S. unemployment so low and the current expansion approaching record length, many have asked why this doesn’t feel like a better economy. It’s certainly an improvement over what prevailed a decade ago, but the 1990s this ain’t. There are a number of reasons why this is the case:: People are counted as unemployed. That number for January of 2010 was 15 million, corresponding to an unemployment rate of 9.8%.
, or the percentage of Americans 16 years of age and older who are either employed or actively looking. That second gray area you see is the Great Recession. Look at the dramatic fall in labor force participation in the terrible labor market that followed. Look further at the fact that there has not been a marked improvement in the six years since it stabilized. Long story short: one reason why unemployment rates are so low is that people aren’t looking..
The begging question, of course, is why. As with the declining labor force participation rate, there are many opinions but no consensus. Among the suggestions have been “
Resources are scarce because human want is limitless.
Because food and gas and housing prices keep going up. And wages stay the same
Another misguided writer. Workforce participation being low is due mostly to structural changes (boomers retiring). Similar to Japan’s participation rate for the same reason. As folks age they don’t want to work. Next the claim on wage growth is a joke. See graph.
B/C wages are stagnet
It does!
Because we are not creating more jobs, people are leaving jobs...smoke and mirrors with this corrupt administration
Too much exposure to MSM and Social Media.
Mostly because the top companies in the economy are hoarding wealth rather than distributing profits to employees. The Great Recession saw Apple riding the downturn with little damage, so their cash-banking model has become a standard. Taxation needs to be fixed!
in indonesia, we call’em kere
Pontifex BillClinton realDonaldTrump 'io sono sereno...voi? se sono ancora dentro questa casa non credo. Spero mi lasciate senza soldi, spero me li debbano prestare i miei figli cosi vi faccio il funerale che meritate'. Fatevi sotto, vi sto aspettando...cazzoni mosci.
Is there an actuall National Chart mapping the locations & statistics of these claims? It's hard seeing this in major cities like Los Angeles, New York, Chicago, etc.
Unemployment doesn't count people who have left the workforce entirely or the underemployed. Most new jobs are gig, contract, and temp work with no benefits or security Also:
Probably because its all false
They don't count it right. Well... That's not fair. They define that statistic in a particular way that can be misleading at times. There.
Money isn’t any better