4 ms·

This is a bit weird. US unemployment is at 4.6% http://data.bls.gov/timeseries/LNS14000000 http://data.bls.gov/timeseries/LNS14000000 US growth is about 2%

by sien 10y ago

This is a bit weird. US unemployment is at 4.6% http://data.bls.gov/timeseries/LNS14000000 http://data.bls.gov/timeseries/LNS14000000 US growth is about 2% http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=US http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locati... That's really pretty good. Most developed countries would be happy with that.

toomuchtodo 10y ago
2% growth is very low. Jobs =! well paying secure jobs.
- knz 10y ago
  And well paying isn't even necessarily a measure of your ability to participate in the consumer economy. In this day and age it's whether you can afford health care, child care, and education - all of which are essential for a healthy society.
- sien 10y ago
  What developed country has sustained better growth?
  - toomuchtodo 10y ago
    http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?year_high_desc=true http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?year_h... Ireland, Luxembourg, Sweden, Iceland, Poland, Saudi Arabia, New Zealand, Spain, the UAE, and Israel (although there are more depending on your definition of a developed country).
    - sien 10y ago
      What definition are you using for sustained? 10 years? 20 years? I didn't include this either. Just curious.
Terr_ 10y ago
The US unemployment rate is based on people with zero jobs actively looking. It doesn't include people who've given up on their career and are looking after their kids, hermits in their parents' house, homeless, etc. That's why you have to include other data, such as the Labor Participation Rate. The LPR which shows how many of the working-age people actually seem to be doing so: http://data.bls.gov/timeseries/LNS11300000 http://data.bls.gov/timeseries/LNS11300000 So what do you see when both graphs are together: Both graphs together: http://fm.cnbc.com/applications/cnbc.com/resources/files/2013/11/08/unemployment-rate-vs-labor-force.jpg http://fm.cnbc.com/applications/cnbc.com/resources/files/201... It seems safe to assume a large part of the drop isn't because satisfied people are finding jobs, but because fewer people are trying.
- sien 10y ago
  The same holds for other countries. The US is still doing reasonably well in comparison http://www.tradingeconomics.com/country-list/labor-force-participation-rate http://www.tradingeconomics.com/country-list/labor-force-par...

by sien 10y ago

toomuchtodo 10y ago

2% growth is very low. Jobs =! well paying secure jobs.

knz 10y ago
And well paying isn't even necessarily a measure of your ability to participate in the consumer economy. In this day and age it's whether you can afford health care, child care, and education - all of which are essential for a healthy society.
sien 10y ago
What developed country has sustained better growth?
- toomuchtodo 10y ago
  http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?year_high_desc=true http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?year_h... Ireland, Luxembourg, Sweden, Iceland, Poland, Saudi Arabia, New Zealand, Spain, the UAE, and Israel (although there are more depending on your definition of a developed country).
  - sien 10y ago
    What definition are you using for sustained? 10 years? 20 years? I didn't include this either. Just curious.

Terr_ 10y ago

The US unemployment rate is based on people with zero jobs actively looking. It doesn't include people who've given up on their career and are looking after their kids, hermits in their parents' house, homeless, etc. That's why you have to include other data, such as the Labor Participation Rate. The LPR which shows how many of the working-age people actually seem to be doing so: http://data.bls.gov/timeseries/LNS11300000 http://data.bls.gov/timeseries/LNS11300000 So what do you see when both graphs are together: Both graphs together: http://fm.cnbc.com/applications/cnbc.com/resources/files/2013/11/08/unemployment-rate-vs-labor-force.jpg http://fm.cnbc.com/applications/cnbc.com/resources/files/201... It seems safe to assume a large part of the drop isn't because satisfied people are finding jobs, but because fewer people are trying.

sien 10y ago
The same holds for other countries. The US is still doing reasonably well in comparison http://www.tradingeconomics.com/country-list/labor-force-participation-rate http://www.tradingeconomics.com/country-list/labor-force-par...