4 ms·

We Ran Out of Words to Describe How Good the Jobs Numbers Are

14 points by mcenedella 8y ago

beams_of_light 8y ago
I'm more interested in the quality of those jobs added.
- abrown28 8y ago
  When you don't have a job any job is a quality job.
extralego 8y ago
They could write about the facts that so few of those jobs pay livable wages and we are are nearing a point where half of those employed are freelance workers, increasingly not by choice.
IkmoIkmo 8y ago
What a ridiculous article.
riacheron 8y ago
"unemployment rate falls to 3.8 percent, a new 18-year low." Wow! It looks like US economy is growing really fast, and it's happening across the country. "Economists are slowly ratcheting up expectations for growth through the end of the year, with widely followed measures putting the second quarter at between 3.6 percent and 4.8 percent." https://www.cnbc.com/2018/06/01/the-us-economy-suddenly-looks-like-its-unstoppable.html https://www.cnbc.com/2018/06/01/the-us-economy-suddenly-look... Texas is growing at 5.2%, Idaho is growing at 4.8% http://www.businessinsider.com/state-economy-growth-map-q4-2017-2018-5 http://www.businessinsider.com/state-economy-growth-map-q4-2...
delgaudm 8y ago
I think the author was stretching how to write an inventive approach to what's essentially been the same article every month for months. If you hit the paywall on NYT, but happen to have an Amazon Prime membership you can listen free to many NYT articles narrated on Audible Channels. Here is this article: http://a.co/eBxMho2 http://a.co/eBxMho2 (Disclosure: I happen to the narrator for this one, but I don't get any added compensation if you listen. )
anoncoward111 8y ago
Around 1999-2000, unemployment rate was very low and labor force participation rate was at an all time high. Around 2017-2018, unemployment rate is very low, but labor force participation rate and wages are so low, you have to go all the way back to 1976 to see a comparison. In 1976, most spouses weren't working full time. Oh and by the way, if you work Uber for a week and quit, you aren't considered unemployed anymore.
acconrad 8y ago
I thought ProPublica did a better job describing the state of new job "growth" in America https://projects.propublica.org/graphics/trump-job-promises https://projects.propublica.org/graphics/trump-job-promises

14 points by mcenedella 8y ago

beams_of_light 8y ago

I'm more interested in the quality of those jobs added.

abrown28 8y ago
When you don't have a job any job is a quality job.

extralego 8y ago

They could write about the facts that so few of those jobs pay livable wages and we are are nearing a point where half of those employed are freelance workers, increasingly not by choice.

IkmoIkmo 8y ago

What a ridiculous article.

riacheron 8y ago

"unemployment rate falls to 3.8 percent, a new 18-year low." Wow! It looks like US economy is growing really fast, and it's happening across the country. "Economists are slowly ratcheting up expectations for growth through the end of the year, with widely followed measures putting the second quarter at between 3.6 percent and 4.8 percent." https://www.cnbc.com/2018/06/01/the-us-economy-suddenly-looks-like-its-unstoppable.html https://www.cnbc.com/2018/06/01/the-us-economy-suddenly-look... Texas is growing at 5.2%, Idaho is growing at 4.8% http://www.businessinsider.com/state-economy-growth-map-q4-2017-2018-5 http://www.businessinsider.com/state-economy-growth-map-q4-2...

delgaudm 8y ago

I think the author was stretching how to write an inventive approach to what's essentially been the same article every month for months. If you hit the paywall on NYT, but happen to have an Amazon Prime membership you can listen free to many NYT articles narrated on Audible Channels. Here is this article: http://a.co/eBxMho2 http://a.co/eBxMho2 (Disclosure: I happen to the narrator for this one, but I don't get any added compensation if you listen. )

anoncoward111 8y ago

Around 1999-2000, unemployment rate was very low and labor force participation rate was at an all time high. Around 2017-2018, unemployment rate is very low, but labor force participation rate and wages are so low, you have to go all the way back to 1976 to see a comparison. In 1976, most spouses weren't working full time. Oh and by the way, if you work Uber for a week and quit, you aren't considered unemployed anymore.

acconrad 8y ago

I thought ProPublica did a better job describing the state of new job "growth" in America https://projects.propublica.org/graphics/trump-job-promises https://projects.propublica.org/graphics/trump-job-promises