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The Real Economic Numbers: 21.5% Unemployment, 10% Inflation And Negative Economic Growth
TEC ^ | 06/12/2018 | Michael Snyder

Posted on 06/13/2018 7:55:59 PM PDT by SeekAndFind

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To: SeekAndFind

Other folks have done a much better job of criticizing it than I would have been able to.


81 posted on 06/14/2018 2:43:13 PM PDT by kanawa (Trump Loves a Great Deal)
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To: SomeCallMeTim

same here, I can’t find an assistant for 25 bucks an hour. My last one quit after nearly 5 years to move back to Louisiana. She was great but encountered horrible personal problems not her fault.

Going to try again, soon.


82 posted on 06/14/2018 5:24:07 PM PDT by Cen-Tejas
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To: FreedomPoster

“SSDI became a career path during the Obama years. Not a good thing.”

So true. A neighbor’s son got a check and sat around smoking pot, playing games on the computer, lived with his girlfriend who also got a check. Some of his friends did too, all on SSDI. And I’m talking about people in their forties!


83 posted on 06/14/2018 8:34:47 PM PDT by Cedar
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To: Alberta's Child
There are scads of employers with their heads up so far their own ass that they lick their own pyloric valve from below. Regularly.

I could cite specific examples I've seen in my travels, but why make enemies?

Aside from the usual "We require 5 years in Java" when Java had only been out for two years, companies and/or recruiters firing wildly mismatched job offers (with a PhD and fully employed, I've been sent email recruitments for $18/hr jobs driving a forklift)...not to mention Silicon Valley and Seattle (Carly Fiorina's "No American has a right to a job!" and the CEO of Microsoft being a dot not feather).

84 posted on 06/14/2018 8:38:41 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Governor Dinwiddie
Also don’t forget SHTF plan news! 😂
85 posted on 06/15/2018 3:21:27 AM PDT by CommieCutter ("Trump is god emperor and he will win." -- some hacker)
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To: SeekAndFind

Well construction is booming.


86 posted on 06/15/2018 3:22:56 AM PDT by CommieCutter ("Trump is god emperor and he will win." -- some hacker)
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To: grey_whiskers

We export food and jobs and wonder what is the problem...


87 posted on 06/15/2018 3:29:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: Right Wing Assault

Shadowstats.com is a well-known and reputable source. In fact, Trump referred to his numbers when Obama was president.

Yes, things have improved since Trump became president, cut regulations, and got some tax cuts through.

But it is a misstatement to claim that things are better than ever, than they’ve been in 40 years, etc.

And that inflation number should be taken very seriously. It’s been going on for some time and has really wiped out earnings for our lower-end workers.

Consider these real numbers and you see how much worse low-skill illegal and legal immigration has been for those workers. Yet, with Trump’s blessing, the Congress is poised to pass the biggest amnesty bill in history as early as Monday next week—done under cover of this big news week, but again with the WH’s blessing.


88 posted on 06/15/2018 3:40:04 AM PDT by 9YearLurker
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To: 9YearLurker

I’m not saying the website is unreliable. It’s the way unemployment is calculated now and for a number of years. The below is from this website:

In May 2018, the real unemployment rate (U-6) was 7.6 percent. It’s double the widely reported unemployment rate (U-3) of 3.8 percent. Here’s how to calculate both.

Step 1. Calculate the official unemployment rate (U-3).

U-3 = 6.065 million unemployed workers / 161.539 million in the labor force = 3.8 percent.

Step 2. Add in marginally attached workers. There were 1.455 million people who were marginally attached to the labor force. Add this to both the number of unemployed and the labor force.

U-5 = (6.065 million + 1.455 million) / (161.539 million + 1.455 million) = 7.520 million / 162.994 million = 4.6 percent.

Step 3. Add in part-time workers. There were 4.948 million people who were working part-time but would prefer full-time work. Add them to the unemployed with marginal workers. They’re already in the labor force.

U-6 = (7.520 million + 4.948 million) / (162.994 million) = 12.468 million / 162.994 million = 7.6 percent. (Source: “Table A-15,” Bureau of Labor Statistics.)


89 posted on 06/15/2018 11:27:31 AM PDT by Right Wing Assault (Kill: google,TWITR,FACEBK,WaPo,Hollywd,CNN,NFL,BLM,CAIR,Antifa,SPLC,ESPN,NPR,NBA)
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To: Right Wing Assault

Of course it is. We have changed our processes to understate both inflation, overstate growth, and understate inflation.

That’s the whole point.

And, as I said, Trump is well aware of it and quoted the “real” numbers during the campaign. His policies are unquestionably helping our economy, but claiming historical bests is misleading.


90 posted on 06/15/2018 11:51:26 AM PDT by 9YearLurker
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To: Harmless Teddy Bear
There are software companies in Idaho?

That can be part of the problem.

You can be brilliant in your field but if you are not where they are hiring you will not be able to get a job.

See, this is why management is fundamentally evil and dishonest.

They undermine the employment prospects of an entire generation of US-born tech workers, and then blame *prospective* workers for not proactively uprooting their entire lives for the *chance* at a job hundreds of miles from where they used to live, or from other prospective employers; with less security if hired, and at lower pay than prior generations have had in the same field: and with a virtual guarantee of being frozen out of employment at age 45.

Thus completing the self-fulfilling prophecy about "jobs Americans won't do."

Every last one of those managers should be exiled to Tibet or to the former South Africa.

After having all their worldly goods (including any type of cell phone or communication device) seized.

Then we can complain about the lack of initiative of US managers and slash the pay of the remaining ones.

91 posted on 06/16/2018 4:26:58 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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