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re: Comparing the unemployment rates of the US and the EU
Posted on 3/11/23 at 9:01 am to Boston911
Posted on 3/11/23 at 9:01 am to Boston911
quote:
The US calculates it on working age people actively searching for a job,,,however the percentage of working age people actually employed is less than 50%. I can’t provide a source, that intel was given at a presentation a few months ago by an economist at a conference I attended.
This is verifiably false. We have the Labor Force Participation rate which is number of people over 16 actively working divided by total population over 16. It’s around 62%.
Our U-6 (unemployment + marginally attached workers) unemployment rate is just north of 7%. That’s actually pretty good historically and close to what we were pre-pandemic. It’s also the the most accurate unemployment indicator.
1
Posted on 3/11/23 at 9:01 am to lynxcat
quote:
I wonder how many people of working age, from 18-65, are unemployed? That is the real unemployment rate.
quote:
That’s an irrelevant figure.
Your gaslighting it doesn't make it irrelevant.
quote:
Does a homemaker raising kids need to count as “unemployed”?
Is he/she employed?
quote:
Someone is only unemployed if they are actively seeking employment and can’t find a job.
This could not be more wrong. Is the bum standing on the corner asking for "Anything helps" employed or unemployed?
Posted on 3/11/23 at 9:31 am to StringedInstruments
Drive through north Baton Rouge at 2:00 in the afternoon on a weekday and tell me all those people have night jobs or telecommute.
Posted on 3/11/23 at 9:32 am to StringedInstruments
It looks like Spain is having problems with their black 13%
Posted on 3/11/23 at 9:34 am to RougeDawg
quote:
Drive through north Baton Rouge at 2:00 in the afternoon on a weekday and tell me all those people have night jobs or telecommute
The OG work from home demographic….drug dealers.
Posted on 3/11/23 at 9:35 am to ehidal1
quote:
The politicians changed the way the US calculates unemployment to make it look good.
Yep, cooking the numbers
Posted on 3/11/23 at 9:35 am to meansonny
quote:
I have community members getting SS checks for covid brain. Fybromyalgia. And other invisible ailments.
My cousin suffers from both. The disability checks don’t pay for much so he was forced to become a charter captain because it pays cash and the disability investigators don’t have a boat
Posted on 3/11/23 at 9:51 am to MoarKilometers
But it still hasn't gone down
Posted on 3/11/23 at 9:57 am to el Gaucho
quote:
My cousin suffers from both. The disability checks don’t pay for much so he was forced to become a charter captain because it pays cash and the disability investigators don’t have a boat
It used to require permanent disability to qualify with annual check ups.
I've been told that qualifications for SSDI are only >1 yr disabilities now.
And it appears that a good hit of those qualifying are working after meeting the qualifications.
Posted on 3/11/23 at 10:10 am to Billy Blanks
quote:
can't fathom not wanting to work if you're able to. I don't get people who don't have any drive to succeed and make something of their own.
If I didn’t need to work to pay bills and set up my family’s future, I sure as hell wouldn’t work. There are numerous things I am interested in and would like to do instead of sitting in offices. I can’t fathom anyone thinking otherwise.
Work is a necessity not something by which a persons worth should be measured.
Posted on 3/11/23 at 10:19 am to MoarKilometers
Entitlement programs make up roughly 49% of the budget.
Posted on 3/11/23 at 10:21 am to BHS78
quote:
But it still hasn't gone down
It's well below 50% less than when Brandon took office. So yeah, it has gone down, bigly.
Posted on 3/11/23 at 10:25 am to Trapped in time
quote:
Work is a necessity not something by which a persons worth should be measured
Posted on 3/11/23 at 10:25 am to jnethe1
quote:
Entitlement programs make up roughly 49% of the budget.
In 2022 we spent 24 billion on unemployment. Of our 6.27 trillion budget, that's a whopping 0.38%
Posted on 3/11/23 at 10:31 am to Boston911
quote:
however the percentage of working age people actually employed is less than 50%.
Wait what???… do you mean underemployed???
Posted on 3/11/23 at 12:34 pm to MoarKilometers
Do you mean the COVID BS spending free for all. FJB
Posted on 3/11/23 at 1:04 pm to BHS78
quote:
Do you mean the COVID BS spending free for all. FJB
Of course he does.
Every bullshite "going down' of a negative number during the biden admin is bullshite with a base from covid spending.
Posted on 3/11/23 at 1:08 pm to Cosmo
3.5% of people are standing on the side of the road asking me for money.
Posted on 3/11/23 at 1:55 pm to TheHarahanian
quote:
The government has also meddled with the inflation formula to make that number look better than it is. They’ve removed things that actually hit people like food costs.
I believe it. The government is constantly screwing us over. Social security is the worst. A person should get back every dollar put into social security.
Why do we continue allowing this government "of the people, for the people" steal our money and lie to us? At what point does it blow up?
Posted on 3/11/23 at 11:00 pm to MoarKilometers
quote:
In 2022 we spent 24 billion on unemployment. Of our 6.27 trillion budget, that's a whopping 0.38%
Never disputed that. But we spend roughly half of our budget on entitlement programs. One of the biggest being social security, which is just a joke.
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