Posted on 06/13/2018 7:55:59 PM PDT by SeekAndFind
Does the US Employment figures include US citizens employed “overseas”, say in Saudi Arabia, Chile, So. Africa, Egypt, Israel, India, etc?
They supposedly pay US income taxes and most have US home addresses or are still citizens, so are they counted?
I have no idea.
My company hires trucking company drivers to move goods to US ports .. over the past year, it has become increasingly difficult to find drivers. Yesterday, I approved paying a 2x normal rate to find drivers before the end of this quarter. Still, they say they can’t find any.
This economy is booming.
The guy is right about inflation numbers though. It’s much higher than the 2% they keep telling us. But even that depends on what kinds of things you buy.
Uhm... no, I don't think so. Full time students are not working, but they are not "unemployed." Stay at home mothers whose husbands are supporting the family are not "unemployed." Trust fund babies and successful people who retired in their 50s are not "unemployed." He's just arbitrarily saying that everyone between 18 and 65 must be working or it's a catastrophe. No, it's not.
I’d say he overstates it. Its true that the labor participation rate is 4% lower than it was in 2000. Part of that is all the people the Obama administration tried to not count by making it easy to claim disability. Some MAY be baby boomers who are not yet at official retirement age but who have done well enough and retired early. A LOT of it was people who desperately wanted to work but who were long term unemployed during the Great Recession. The government then claimed they “gave up”....without ever bothering to ask them if they did....so that they could then not count them as unemployed.
3.8% is obviously not accurate and the real unemployment rate is higher. It IS consistent with how it was counted during the Obama administration however and the MSM gave him a free pass for it so its tough to now cry foul when the Trump administration counts it the same way.
Since I’m a consultant and am therefore frequently in contact with headhunters and companies to do projects I can tell you at least as far as the labor market is concerned the Great Recession started in 2007, not 2008. Companies knew what was coming and stopped hiring. It was simply AWFUL from 2007 until about 2015 when the market got a little better. Then around the Fall of last year things really started improving. That was the very first time I could see the job market getting back to where it had been before the Great Recession.
Things are good now but its still going to take time to work through the backlog of the awful Obama years. There ARE more people out there who want to work and who can work....but companies are going to have to do something they desperately don’t want to do which is hire people who have been out of a job for sometimes a year or more. I think companies are ridiculous about this, but they act like if you went through a tough time somehow you are damaged goods...or that your job skills all magically disappeared if you went without a paycheck for that long or longer. Maybe in normal times you *might* be able to infer a lack of drive but considering the Obama economy was THE WORST economy in three whole generations, maybe its time to drop the snootiness about that.
Oh and yes inflation is more than the government is admitting - as we all know. On the bright side, pay has actually increased in the last year for the first time in many many years....another sign that the job market is not absolutely in the toilet like it was during the Obama years.
It cannot be emphasized enough just how rotten things were when Obama was in office and making policy.
Correct. This was too inconvenient for the MSM to admit though. Just like all the dodges used to not count long term unemployed as unemployed (disability fakers or they lying claim that they “gave up”), they also counted highly qualified people who had to take burger flipper jobs as being “employed”...which they were sort of..and earning maybe one quarter of what they would’ve been earning in a normal economy......
But of course they were unwilling to talk about Barry’s failures.
His friend in Idaho doesn’t count as “unemployed”. He “gave up” you see.......Nobody asked him if he gave up but the government claims he did.
He didn’t magically forget everything. We haven’t had some sea change in technology. I’m sure he could do that job for a company that would care to hire him, but lots of companies will have to get really desperate before they do since he was unfortunate enough to be unemployed for a long time during the horrible Obama economy.
The MSM painted themselves into a corner by covering for Obama. He fudged the numbers left, right and center. He then pumped out ridiculous lies about how the unemployment rate was only 5% or whatever. Of course we knew that was BS and the real percentage as at least twice that. The MSM knew it too
but what to do when Trump just continues using the exact same measures Obama had been using? Does the MSM say “yeah we were completely full of crap in what we’ve been telling you for 8 years because we were unwilling to pry Obama’s *cork* out of our mouths....but NOW we’re prepared to tell you the truth about the economy.....”
Obviously they can’t say that - even though it would be true.
To be sure, economic statistics these days are subject to a host of issues and there are still too many long-term discouraged and displaced workers who need to get back into employment. An era of strong labor demand and low immigration should mostly remedy most long-term unemployment.
A final note.....the bank I’ve been working for is absolutely LOADED with Indians. I mean just jam packed. You wouldn’t believe how many. I have nothing against Indians per se. My best friend’s family is from there even though he was born and raised in the US....but frankly there should not be nearly as many Indians working for this bank. Those office jobs should be filled by Americans.
and no, these are not super qualified tech geniuses who are doing all sorts of fancy computer engineering either. We’re talking accountants, auditors, project managers, etc. Stop importing all these people. Start pushing Americans toward getting these kinds of qualifications (ie business, finance and accounting majors) and then start hiring them. I do think we need to curtail H1B visas though for that to happen. Yes that may well make costs go up a bit. So be it.
The only people in my rural burg who are not working are those who don’t want to.
Some of them say they want a job, but then they get more tats, and their attitude sucks.
There are lot of people in this world who would rather hustle than work.
I am skeptical of this article because of the opening sentence.
There is no way on God's green earth that the liberal media is going to paint a rosy picture of the economy, or anything else that would make Trump look good.
I've seen the concerted effort they've made to downplay one of the most significant historical events we've seen in decades, the progress with North Korea, and they are treating it as a big nothing burger.
They've doing everything they can to NOT give Trump credit for it and to downplay it's significance.
No way they'd be faking economic numbers if it were going to look good for Trump.
So things are happening. Whether it's as good as Trump portrays or not is another question. What with how statistics can be manipulated, it's almost impossible to tell anything for sure.
SSDI became a career path during the Obama years. Not a good thing.
Indeed. Stupid claims typical of greenies like “our planet is literally in the process of dying” are enough to be sure the author is full of it.
Yesterday, Mrs. abb & I drove from North Louisiana to Johnson City, TN, via I-20, I-59 & I-40. I cannot recall in my lifetime of travels seeing as many trucks on the road as I did yesterday. Even before daylight, many, many trucks.
This guy writes like a short seller, all disaster all the time. Kind of like that hair-on-fire guy that was popular back in 2008, what was his name, Denninger? The Market Ticker. Always screeching disaster. Of course, in 2008 it wasn’t too awfully hard to seem psychic screeching disaster. But, he was a short and this guy sounds just like him.
Everyone wants a good paying job w/o doing the footwork to qualify for the job...
Yes, and Boise, Idaho, is home of Micron, one of three DRAM chip makers.
From an article, "The company generated $20 billion in revenue last year, putting it among the world’s five largest semiconductor companies, ahead of better known companies like Nvidia and Texas Instruments."
http://www.idahostatesman.com/news/business/article133887514.html
Another: "Boise is the fastest-growing area in the U.S., Forbes says. And it will keep growing."
http://www.idahostatesman.com/news/local/article202865919.html
There sure is. Pointing to the loss of dinosaur anchor stores like JC Penny as evidence of a depression, completely ignores the rise of online shopping and big box stores that do it better (Walmart).
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