The Current Events, News, and Politics Thread
04-10-2012, 01:57 PM
#1761
http://portalseven.com/employment/un...nt_rate_u6.jsp
Unemployment, even according to your metric, is going down.
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04-10-2012, 02:07 PM
#1764
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Employment-population ratio is probably my favorite metric for measuring the labor force:
BLS website link
BLS website link
Last edited by Braineack; 10-08-2019 at 09:48 AM.
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04-10-2012, 02:07 PM
#1765
No arguments about it being awful, but unemployment stabilized shortly after Bush left office, and now it's provably going down.
You can say "But..but...bad unemployment!", but look at Reagan's unemployment numbers using similar time scales. While Reagan's numbers didn't reach Obama's, he also started at much lower numbers than Obama and the recession then wasn't nearly as bad - and if put in the same time scale, you see the same net effects on unemployment.
Or, to put it in TLDR form: The financial industry has too much political power/money.
You can say "But..but...bad unemployment!", but look at Reagan's unemployment numbers using similar time scales. While Reagan's numbers didn't reach Obama's, he also started at much lower numbers than Obama and the recession then wasn't nearly as bad - and if put in the same time scale, you see the same net effects on unemployment.
Or, to put it in TLDR form: The financial industry has too much political power/money.
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04-10-2012, 02:12 PM
#1767
And? If Obama gets Reagan's full 8 years, I will bet you $50 that we see Obama having better unemployment then what he came into office with Brainy.
You care to take that bet?
(Disclaimer: I'm basing this on the economic theory of...our gov't can't do a damn thing for recessions. R or D, the best thing they can do is get outtatheway to let us recover from a recession.)
You care to take that bet?
(Disclaimer: I'm basing this on the economic theory of...our gov't can't do a damn thing for recessions. R or D, the best thing they can do is get outtatheway to let us recover from a recession.)
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04-10-2012, 02:16 PM
#1769
Propose a few metrics, Mg. I think Feb of 2009 would be our baseline (Obama took office ~20th of January, so that's the closest month), and I would think U6 would be the metric since it's what this thread is about.
Yes.
I'm interested in that bet. Assuming no action if Obama's defeated?
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04-10-2012, 04:26 PM
#1778
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The proportion of persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces that is employed.
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04-10-2012, 04:28 PM
#1779
The link I posted above takes you to the Bureau of Labor Statistics and includes data downloadable in Excel format (but is down at the moment, likely due to updating). The definition of the Employment-Population Ratio is:
I prefer this metric because you don't have to disect whether the unemployment rate percentage dropped because a lot more people found jobs or a lot more people "fell out of the workforce" or "gave up trying to find a job." It incorporates public and private sector employment (except for active duty Armed Forces).
I prefer this metric because you don't have to disect whether the unemployment rate percentage dropped because a lot more people found jobs or a lot more people "fell out of the workforce" or "gave up trying to find a job." It incorporates public and private sector employment (except for active duty Armed Forces).
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