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1
Tenpoundbass
2012 Dec 10, 12:04am
Tenpoundbass
2012 Dec 10, 12:04am
What do you make of today's jobs market?
A girl playing with her Suzie bake oven, is doing more to contribute to our GDP than 80% of our work force. Unless you factor hamburgers and Chipolte Mexiwraps contributing to our GDP in any effective meaningful way.
2
FortWayne
2012 Dec 10, 12:12am
FortWayne
2012 Dec 10, 12:12am
Statistics can be interpreted in any way, be careful of assumptions. Especially when we don't really know the underlying facts.
3
reggie
2012 Dec 11, 7:57pm
reggie
2012 Dec 11, 7:57pm
The unemployment stats reported above only include white people receiving unemployment checks. When the welfare population is included, the national unemployment rate is 50%.
Job wise, there's been a frustrating trend for the past 2 years and that is very little has changed. Statistically, each of the past 23 employment reports has looked similar to all the others.
Beyond the noise of monthly jobs reports, here are a few trends and figures:
• The unemployment rate for those age 25 and up without a high school diploma is 12.2%. For those with a bachelor's degree, it's 3.8%.
• The unemployment rate for men is 7.9%. For married men, it's 4.7%.
• Since 2010, government employment has declined by 1 million jobs. Private employment has increased by 4.5 million.
• There were 3.6 million job openings in September, up from 2.7 million in 2010.
• The labor force participation rate for those age 65 and up was 18.7% in November. That was near the highest level since 1964, and up from 13% a decade ago.
• The Bureau of Labor Statistics (BLS) calculates unemployment 6 different ways, the broadest of which measures those who have stopped looking for work or are working part-time involuntarily. Every measure of unemployment has declined in the past year.
What do you make of today's jobs market?