quote: Why are you praising an increase in unemployment?
i would have to see what sector is getting "unemployed" recently. it may mean that the govenment is shutting down some of the useless programs that we want them to and it's causing many people to lose their jobs.
they really have a no win situation when it comes to satisfying us. we want them to stop spending money AND to lower unemployment. well, if the stop spending, it will cause more unemployment too.
NHTIGER LSU Fan Central New Hampshire Member since Nov 2003 10808 posts Online
re: The New Full Employment Numbers (Posted on 2/4/13 at 3:50 pm to CC)
quote: quote: However, a separate unemployment measure that also takes into account those who have quit looking for jobs as well as those working part-time for economic reasons remained unchanged at 14.4 percent.
This is the important part.
The discouraged workers make up a relatively small amount of the difference between the 7.9% U-3 rate and the 14.4% U-6 rate.
The bulk of the difference between the two rates (just under 80%) is made up of part-time workers.