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re: US Initial Jobless Claims Fall to Lowest Level Since 1969
Posted on 7/23/26 at 8:00 pm to Tom288
Posted on 7/23/26 at 8:00 pm to Tom288
quote:quote:.
The Federal Reserve Bank of St. Louis tallied 105.8 million people over 16 who were unemployed and not actively seeking work in June, the New York Post reported Wednesday
But keep your hands over your eyes and your ears plugged.
There are about 275 million people in the US 16 and older. You don't really think we have 38% unemployment, do you?
This stat means nothing. Why do I care that high schoolers who don't want jobs are unemployed? Why do I care if there are retirees?
I support traditional values which means more stay-at-home moms. Why should I care that stay-at-home moms are "unemployed?"
1
Posted on 7/23/26 at 8:16 pm to Night Vision
Economy is red hot! Thank you, President Biden! I mean, Trump 
Posted on 7/23/26 at 8:18 pm to TenWheelsForJesus
Why would anyone care that software engineers are driving for Uber instead of being counted as unemployed?
Posted on 7/23/26 at 8:21 pm to boogiewoogie1978
quote:
I'd be interested to see how many have dropped out of the workforce.
Functional unemployment is almost 25%
LINK
Posted on 7/23/26 at 8:27 pm to 4cubbies
quote:
Functional unemployment is almost 25%
Posted on 7/23/26 at 8:30 pm to Tom288
Nice math there Tom lol there are 330 million people in the US. By your calculations, roughly 200 million Americans are of working age, so with 100 million unemployed we have now surpassed the Great Depression. It never ceases to amaze
Posted on 7/23/26 at 8:32 pm to 4cubbies
Are you on meth or just mentally retarded?
Posted on 7/23/26 at 8:45 pm to SloaneRanger
quote:
Deportations, voluntary or otherwise, help fuel this. Not the only reason, but it is a factor.
Illegals were given SS# and therefore in the official labor pool. Millions sent home and STILL the jobless rate declines, that is quite amazing.
Posted on 7/23/26 at 8:45 pm to atlgamecockman
quote:and yet if the job numbers were worse off, you would be running your mouth about it
Labor force participation rate. Jobless #s mean zilch
This post was edited on 7/23/26 at 8:46 pm
Posted on 7/23/26 at 8:52 pm to UptownJoeBrown
quote:
quote:
105.8 million people over 16 who were unemployed and not actively seeking work in June
Hey dumb shite, you do realize over 75 million are retired and a 16 year old is in school not working full time, 16-22 year olds in school are another 15 million and 30 million never cared to work.
If a 105 million are not working and capable that would put us at a 70% participation rate, the highest in the history of the US.
What a fcking clown.
This post was edited on 7/23/26 at 8:58 pm
Posted on 7/23/26 at 8:54 pm to Night Vision
Lies, lies and more lies. How disingenuous -- and of course the numbers will be radically revised in a month or two. Anyone who believes a word coming from this administration is just a lost babe in the woods.
What's more, if the numbers prove to be true, that redounds even more unfavourably-- people are dropping out of the workforce like flies-- many are taking retirement.
What's more, if the numbers prove to be true, that redounds even more unfavourably-- people are dropping out of the workforce like flies-- many are taking retirement.
Posted on 7/23/26 at 10:23 pm to tarzana
I expected libtards to be mad about this news, but I didn’t expect them to be THIS mad
Posted on 7/23/26 at 10:49 pm to tarzana
quote:
What's more, if the numbers prove to be true, that redounds even more unfavourably-- people are dropping out of the workforce like flies-- many are taking retirement.
You fricking imbecile, those are baby BOOMERS. BOOMERS means there are a LOT OH THEM.
Just last week you pricks were whining about boomers NOT retiring because they are "selfish".
These assholes are SEETHING again and embarrassing themselves thoroughly.
Posted on 7/24/26 at 6:08 am to 2 Jugs
OMB!
Posted on 7/24/26 at 6:16 am to jbdawgs03
quote:
OMB!
Far from it.
It is genuine question. BLS changed who is counted as unemployed, did they change this also?
Posted on 7/24/26 at 6:59 am to Night Vision
quote:Well, the stock market has increased by over 15%, the GDP by 3% and wage growth by 3.5%. That may sound like winning.
US Initial Jobless Claims Fall to Lowest Level Since 1969
The other side of the coin is that unemployment actually increased, inflation has risen to 3.5%, the deficit is nearly $1.5T in the last year and the national debt has increased by almost $3T. There have been nearly 600K bankruptcies filed in one form or another in the last year (25K (~4%) have been businesses). Personal debt rose by almost $600B, and personal savings percentages fell by nearly 50% and $300B cumulatively.
Not all stats are created equal.
Posted on 7/24/26 at 7:06 am to TDsngumbo
quote:
The more people who have jobs, the more people grow tired of democrat policies.
The more people are required to get a job, the less government dependence and a weaker Democrat party.
Posted on 7/24/26 at 7:09 am to BurlesonCountyAg
quote:
SFP can explain why this is simply not true.
I'm not in the group who claimed this data was fake 2021-2024
This post was edited on 7/24/26 at 7:10 am
Posted on 7/24/26 at 7:13 am to Night Vision
Strange days indeed when leftists ask about the labor participation rate.
Posted on 7/24/26 at 7:13 am to SquatchDawg
quote:
They’re not counting some ridiculously portion of the working age population because they’re not looking for work.
It’s all bullshite.
I'm just here to watch the people flip flop based on whether their in or out group is in office. Thank you for striking the match to light the fire exposing the hypocrisy.
Labor force participation rate was the go to response to claim the data was fake while Biden was in office. Let's see if the people who said this during the Biden admin are maintaining intellectual consistency (like you displayed)
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