I see, there are a lot of software engineer jobs, just not in Boise ?
Shouldn’t one go to where the jobs are ?
Jobs would be harder to find the lower the unemployment rate gets, particularly specific jobs.
A gloom and doom site. The sky is falling :)
And you did not write this article two years ago when all the numbers were Obama’s problem? The basic conceit of this would require all the media to be COVERING for Trump...which would mean this is really Superman’s Bizzaro World.
yeah, they're hurting.
But inflation (especially in food) is real. It used to be (before the Muslim Usurper took the White House) you could buy 1/2 gallon of ice cream locally, for $2.49, sometimes $2.00.
Now it's going for $5.99, for 1.5 quarts. = 2.4*4/3 ~ approximately triple in price. In 8 years.
No inflation my ass.
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.
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.
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...
Paul Ryan and the Republican leadership’s claim that we need to import more immigrants to fill jobs is a damnable lie. But this is nonsense. The portion of adult Americans who don’t have jobs is fairly low by pre-Obama measures, but that’s because the number of elderly is skyrocketing. 20.8% of Americans 25-to-55 years old are NOT working, but most of those are women, many of whom are simply choosing to raise their kids. That 20.8% is only about 2% above the all-time low of 2000, and is therefore fairly consistent with U-6 unemployment being about 0.8% above the 2000 level.
I wish he would have put the “our planet is literally in the process of dying” at the start.
It would have saved me the time I wasted reading the rest of the gloom.
So does that mean I need to flog my 72 year old parents back into the workforce so we can get that rate lowered? My nieces and nephews in college should drop out and get a job?
They always leave out food and fuel in the inflation numbers. That’s how you keep the numbers low.
So, 102 million working age not employed, golly, there are only 315 million in the USA, so, discount retired and underage, wouldn’t that be about the total working age population of the country? Numbers seem way out of proportion. No?
Well construction is booming.