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What is keeping the unemployment rate low?
Posted on 9/27/22 at 2:29 pm
Posted on 9/27/22 at 2:29 pm
Despite the fact we are in a recession and the labor force participation rate has not recovered to pre-Covid levels at all and has been flat lining. Are employers still just sucking off the Covid and PPP juice, and we are going to witness a crash the UE rates this winter?
This post was edited on 9/27/22 at 2:31 pm
16
Posted on 9/27/22 at 2:30 pm to burger bearcat
quote:No, we aren't.
we are in a recession
Posted on 9/27/22 at 2:30 pm to burger bearcat
quote:
Why is the unemployment rate staying down?
The White House is fudging the numbers.
Posted on 9/27/22 at 2:30 pm to burger bearcat
Whats the participation rate?
Posted on 9/27/22 at 2:32 pm to Big Scrub TX
quote:
No, we aren't.
Posted on 9/27/22 at 2:34 pm to Big Scrub TX
quote:
quote:
we are in a recession
No, we aren't.
Yes, we are.
quote:
GDP
Q2 2022(2nd) -0.6%
Q1 2022(3rd) -1.6%
This post was edited on 9/27/22 at 2:36 pm
Posted on 9/27/22 at 2:35 pm to burger bearcat
Lots of twenty-somethings living at home with mom and dad, not looking for a job?
Posted on 9/27/22 at 2:35 pm to SDVTiger
quote:
Whats the participation rate?
62.1. Trump had actually grown in for the first time in over 20 years, and had it at 63.4.
Posted on 9/27/22 at 2:36 pm to burger bearcat
We're adding like a million new unemployed people per week over the border
Posted on 9/27/22 at 2:38 pm to Big Scrub TX
quote:
No, we aren't.
Yes, we are. And just wait for the next report in a few weeks.
Posted on 9/27/22 at 2:39 pm to Big Scrub TX
quote:
No, we aren't.
Stop being disingenuous. two quarters of negative growth is a recession. Try as you will, you don't get to change the definition to fit your narrative. Workforce participation is in the gutter and more than likely contributing lower number.
Posted on 9/27/22 at 2:43 pm to burger bearcat
Nobody qualifies since they were already on it. Also unemployment at state level is wiped out.
Posted on 9/27/22 at 2:44 pm to Big Scrub TX
quote:
No, we aren't.
We are literally in a recession.
quote:
Recession is a term used to signify a slowdown in general economic activity. In macroeconomics, recessions are officially recognized after two consecutive quarters of negative GDP growth rates.
This post was edited on 9/27/22 at 3:23 pm
Posted on 9/27/22 at 2:46 pm to Big Scrub TX
Maybe you should be an economist for Biden you dumbass booming economy huh.
Posted on 9/27/22 at 2:46 pm to burger bearcat
quote:
What is keeping the unemployment rate low?
quote:
labor force participation rate
Posted on 9/27/22 at 2:47 pm to burger bearcat
Low participation rate and the government is fabricating the numbers
Posted on 9/27/22 at 2:47 pm to burger bearcat
Participation Rate.....
Posted on 9/27/22 at 2:49 pm to burger bearcat
many people have just stopped trying to be employed. they are no longer counted in the statistics.
Posted on 9/27/22 at 2:50 pm to Big Scrub TX
quote:
Big Scrub TX
can you define "recession" big guy?
Posted on 9/27/22 at 2:52 pm to burger bearcat
Well, there is certainly manipulation of the the UE numbers, however, employment is always a lagging indicator of the economy.
We are on the forefront of layoffs. We are hearing announced layoffs with more frequency, but I also think that companies are trying to hang onto to employees as long as possible due to the fact that it is hard to get people back once they are let go.
We are on the forefront of layoffs. We are hearing announced layoffs with more frequency, but I also think that companies are trying to hang onto to employees as long as possible due to the fact that it is hard to get people back once they are let go.
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