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Trump team to use the U6 employment rate
Posted on 1/19/17 at 9:37 pm
Posted on 1/19/17 at 9:37 pm
In listening to various people within the camp, Trump will be going by the U6 number.
quote:
U3 is the official unemployment rate. U5 includes discouraged workers and all other marginally attached workers. U6 adds on those workers who are part-time purely for economic reasons. The current U6 unemployment rate as of December 2016 is 9.20.
15
Posted on 1/19/17 at 9:40 pm to MButterfly
Not going to bullshite the American people for PR. Shows they really want to get shite done.
Posted on 1/19/17 at 9:40 pm to MButterfly
Yes! Some fricking honesty.
He needs to make sure he explains this before they do it.
He needs to make sure he explains this before they do it.
Posted on 1/19/17 at 9:40 pm to MButterfly
it's a number that is more realistic; the trick will be to make sure that comparable U6 numbers are used when comparing to the Obama years
anyone think the media will play ball???
than God for twitter - right?
anyone think the media will play ball???
than God for twitter - right?
Posted on 1/19/17 at 9:41 pm to MButterfly
Well we can't use the fake numbers anymore now that the adults are in charge.
Posted on 1/19/17 at 9:42 pm to MButterfly
Part time shouldn't be counted as employed as it isn't a living wage, it's just a way to keep your welfare.
Posted on 1/19/17 at 9:43 pm to GEAUXmedic
quote:
Part time shouldn't be counted as employed as it isn't a living wage, it's just a way to keep your welfare.
My wife earns a living wage working 25-30 hours a week..
Posted on 1/19/17 at 9:43 pm to Strannix
quote:
Well we can't use the fake numbers anymore now that the adults are in charge.
So now everything's real since we have a President that just paid $25 million to settle with people he scammed at Trump U? Makes sense.
Posted on 1/19/17 at 9:55 pm to MButterfly
The BOL publishes all of the rates, so knock yourself out. It peaked around 17% during the recession and now stands at 9.2%.
Posted on 1/19/17 at 9:59 pm to Dawgfanman
quote:
My wife earns a living wage working 25-30 hours a week..
$25 blowjobs every 15 minutes doesn't really count...
Posted on 1/19/17 at 10:04 pm to cameronml
How much should Obama pay for his 8 year scam of the American people
Posted on 1/19/17 at 10:05 pm to mmcgrath
How does that change the point of using the U6 rate?
Posted on 1/19/17 at 10:06 pm to MButterfly
Smart, preempt what the MSFM was gonna do anyway, the gonna anticipate and run circles around the extended DNC
Posted on 1/19/17 at 10:09 pm to Lou Pai
quote:
How does that change the point of using the U6 rate?
Trump and Bernie loved using the term "real unemployment rate" without explaining that they were talking about different numbers. Using the U6 just gives a bigger number to show reduction, even though it isn't the "unemployment rate" everyone has been using for decades.
I think it is a mistake as it gives 10% as a magic threshold by which he would be considered a failure.
Posted on 1/19/17 at 10:11 pm to Dawgfanman
quote:escorts and strippers wouldnt be included from what i hear
My wife earns a living wage working 25-30 hours a week..
Posted on 1/20/17 at 12:01 am to dcbl
quote:
dcbl
Shame on you! Not cool, bro.
Posted on 1/20/17 at 12:05 am to GEAUXmedic
I work part-time and make a fine salary and have never replied upon welfare. I choose to work part-time. Already did the full-time gig for 35 years.
Posted on 1/20/17 at 12:08 am to MButterfly
quote:Well that doesn't fix the problem of using one statistic when the most accurate picture is derived from the numerous statistics. Each one is flawed in some way, so making one official only changes one flawed metric for another.
n listening to various people within the camp, Trump will be going by the U6 number.
Posted on 1/20/17 at 12:11 am to GEAUXmedic
quote:That's true for some, but this is a terrible generalization. If I was already wealthy enough NOT to work, I would still work; however, I would probably choose to be part time instead. But back in reality (where I'm not rich), I have a few colleagues (some PhD level) who only work part time. Their significant others have great jobs, so part time is an ideal balance for them. I'm jealous actually.
Part time shouldn't be counted as employed as it isn't a living wage, it's just a way to keep your welfare.
Posted on 1/20/17 at 12:17 am to Dawgfanman
quote:This highlights the problem with the broad generalization of any given statistic. Your situation is an ideal data point for part-time employment. For my wife and I, with a newborn, it would be ideal for our family's labor participation rate to be 50%, but it's actually at 100%--which if broadly generalizing without any context, is the ideal many argue.
My wife earns a living wage working 25-30 hours a week..
In other words, the aggregated statistics, in isolation, are flawed because there are good and bad reasons for a given situation. It's statistical noise that can't be identified. When you consider all of the metrics though, a more accurate picture can be considered.
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