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To: SeekAndFind

What would the unemployment (U3) be during the past year if the participation rate was what it was in 2007 or 2009? Anyone have the numbers?


5 posted on 05/05/2013 6:32:29 AM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty

Maybe all of us who left the workforce should try to get back in before the college grads hit the market. Up the participation rate and see what the labor department does.


11 posted on 05/05/2013 7:53:49 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: TwelveOfTwenty
What would the unemployment (U3) be during the past year if the participation rate was what it was in 2007 or 2009? Anyone have the numbers?

For me it's easier just to stick with the employment/population numbers:

The numbers are clear enough about the harm done by current policies, but this NYPost article is messed up.  The writer says he's getting his stuff from the BLS--

...the report showed that about 50,000 of those new jobs — or 193,000 on a pre-adjusted basis — were based on government assumptions, not fact... ...This time of year, the assumptions include the outdated belief that companies hire workers in the spring and during Christmas and lay them off by the millions after the holiday season.  That just doesn’t happen on a wide scale anymore.

--but he's not.  Here's what the BLS actually says:

 

Numbers in thousands

Not Seasonally Adjusted

Seasonally Adjusted

     
Civilian noninstitutional population 245,175 245,175
Civilian labor force 154,739 155,238
 Employed 143,724 143,579
     
unemployment rate 7.1% 7.5%
participation rate 63.1% 63.3%
employment percent population 58.6% 58.6%

The BLS raw data has a 7.1% unemployment rate and it's the 7.5% that's got a seasonal adjustment.  I mean, sure it's fun to call Obama names but it's more fun when we also try to make sense.

14 posted on 05/05/2013 8:05:52 AM PDT by expat_panama
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