1. We have added a Gift Upgrades feature that allows you to gift an account upgrade to another member, just in time for the holiday season. You can see the gift option when going to the Account Upgrades screen, or on any user profile screen.
    Dismiss Notice

Recession's over, get a job already

Discussion in 'Off-Topic' started by Integral, Feb 3, 2012.

  1. Integral

    Integral Can't you hear it?

    Joined:
    Apr 12, 2007
    Messages:
    4,021
    Location:
    Boston, MA
    BLS Employment report:
    - Official unemployment rate fell 0.2% to 8.3%
    - Number of employed rose by 243,000
    - Broad unemployment rate (which includes discouraged workers) declined slightly, from 15.2% to 15.1%
    - there was virtually no decline in the labor force, so importantly the unemployment rate fell because more people were employed, not because people got discouraged. That's huge.
    - Most of the gain in hiring was in the private sector

    This was a good month. Now one good month does not a recovery make, but hopefully a trend is forming in the right direction.

    Digging a little bit deeper, there is a dark side to the report. Most of the people who found jobs had been unemployed for a relatively short period of time. Those who had been unemployed for a while tended to stay unemployed. There is still a rationale for helping the long-term unemployed.
     
  2. Core Imposter

    Core Imposter Deity

    Joined:
    May 13, 2011
    Messages:
    3,642
    No doubt in my mind that sooner or later there has to be some positive statistics generated from five years of free monetary policy.

    But sooner or later someone is going to pick that coin up and take a peek at the other side.

    Edit: Just to add in absolutely uncontested truth that the end of fiat money is ruin EVERY SINGLE TIME.
     
  3. IdiotsOpposite

    IdiotsOpposite Boom, headshot.

    Joined:
    Mar 10, 2007
    Messages:
    2,718
    Location:
    America.
    What about unemployment + underemployment, though? I've got two jobs, and I still don't even get 20 hours a week total.
     
  4. kochman

    kochman Deity

    Joined:
    Jun 8, 2009
    Messages:
    10,818
  5. Antilogic

    Antilogic --

    Joined:
    Sep 2, 2006
    Messages:
    15,602
    This is what I'm most concerned about.
     
  6. GamezRule

    GamezRule Inconceivable!

    Joined:
    Jul 14, 2009
    Messages:
    8,668
    Gender:
    Male
    Location:
    Michigan
    It's still hard to actually find a job for the remaining 8.3%.
     
  7. Core Imposter

    Core Imposter Deity

    Joined:
    May 13, 2011
    Messages:
    3,642
    I read a report somewhere that the labor force participation was at a 30 year low this month. I take all these statistics with a grain of salt and a shot of tequilla.
     
  8. Murky

    Murky Deity

    Joined:
    Mar 21, 2006
    Messages:
    7,216
    Location:
    The Milky Way Galaxy
    This is encouraging. I wonder how it will shape the elections.
     
  9. Core Imposter

    Core Imposter Deity

    Joined:
    May 13, 2011
    Messages:
    3,642
    "The labor force participation rate, if you look at non-seasonally adjusted, a fresh low going back to April of '83. If you look at seasonally adjusted, a fresh low participation rate going back to December of '81. What does that mean in English? Shrinkage. Shrinkage. 1.2 million people are now not considered unemployed anymore. They just have left the system."

    Rick Santelli

    I dunno how this report is encouraging but I understand its meant to shape the elections.
     
  10. Murky

    Murky Deity

    Joined:
    Mar 21, 2006
    Messages:
    7,216
    Location:
    The Milky Way Galaxy
    One statistic that I like is the 4.5% unemployment rate for people with a Bachelor's degree. That says to me that is is worth it to get a degree vs not having one. Even some college is better than none at all.
     
  11. kramerfan86

    kramerfan86 Deity

    Joined:
    Feb 10, 2008
    Messages:
    3,572
    It has to help Obama. Romney's main talking point is he is a business man who gets the economy but if the economy is upswinging it sort of hurts his ability to muscle votes from Obama on that issue
     
  12. GenMarshall

    GenMarshall Blood Elven Ghost Agent

    Joined:
    Jun 17, 2002
    Messages:
    43,135
    Location:
    New Suramar City, Vekta, United Terran Systems
    Tell me another joke because I've yet to get one :rolleyes:.

    This...

    ...most defenately.
     
  13. Leoreth

    Leoreth 心の怪盗団 Moderator

    Joined:
    Aug 23, 2009
    Messages:
    34,405
    Gender:
    Male
    Location:
    Leblanc
    The problem is, if the recovery doesn't gain real momentum before the election, he may still be able to spin it as a crisis and then get credited for a recovery he had nothing to do with. It happened before.
     
  14. MagisterCultuum

    MagisterCultuum Great Sage

    Joined:
    Feb 14, 2007
    Messages:
    16,230
    Location:
    Kael's head
    If I recall, here in the South the unemployment rate has continued to rise. The recovery is really only taking place in New England.
     
  15. Cutlass

    Cutlass The Man Who Wasn't There.

    Joined:
    Jan 13, 2008
    Messages:
    46,566
    Location:
    US of A
    Since I live there, better than the alternative. :mischief:
     
  16. dusters

    dusters Emperor

    Joined:
    Nov 1, 2008
    Messages:
    1,213
    Gender:
    Male
    Location:
    Latvia, EU
    Thanks for encouragement, It's the states. Shall this trend wave to Europe as well =)
     
  17. Murky

    Murky Deity

    Joined:
    Mar 21, 2006
    Messages:
    7,216
    Location:
    The Milky Way Galaxy
    If I understand economic theory about supply and demand, the fewer people looking for work should make easier to find a job, if there is a demand for new hires.
     
  18. Monsterzuma

    Monsterzuma the sly one

    Joined:
    Jun 1, 2008
    Messages:
    2,984
    How well would they compare to people with 3-4 years of work experience I wonder?

    Also: a lot of them aren't working in college level jobs.
     
  19. Luckymoose

    Luckymoose The World is Mine

    Joined:
    Jan 15, 2006
    Messages:
    18,350
    Location:
    Get Back
    I am not sure what defenately means, but finding a job is not as large of a concern as finding a job that gives hours. I find jobs are being given away, and I have been offered several in the last year. Working 10 hours isn't really worth going off of unemployment though.
     
  20. Murky

    Murky Deity

    Joined:
    Mar 21, 2006
    Messages:
    7,216
    Location:
    The Milky Way Galaxy
    I'm not sure but you can get some idea from the Bureau of labor statistics
    http://www.bls.gov/emp/ep_chart_001.htm
     

Share This Page