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> I've been trying to explain to people for years now that reduction in unemployment does not mean people are getting good jobs, it just means people are gettin
by iscrewyou 7y ago
> I've been trying to explain to people for years now that reduction in unemployment does not mean people are getting good jobs, it just means people are getting a job that employs them "full-time" with or without benefits, livable salary, etc.
I’d like to amend that unemployment numbers that are widely reported are simply people employed (not full time). It includes part time, people who work in one industry but have expertise in a different industry(see retail).
All I’m saying is it’s good to keep that in mind when reading these unemployment numbers.
- ProAm 7y agoAnd it doesnt take into consideration people that gave up looking for work because they couldnt find it and no longer receive unemployment benefits.
- maxxxxx 7y agoProbably half of people on disability should be counted as unemployed.
- deleted 7y ago[deleted]
- pkaye 7y agoThere is also the U6 unemployment rate which adds is discouraged and part time workers who desire full time.
- larkost 7y agoMy first thought was: what are those numbers doing, and the first graph I found is that all of these seem to be tracking about the same way: https://www.macrotrends.net/1377/u6-unemployment-rate https://www.macrotrends.net/1377/u6-unemployment-rate So it is an important thing to consider, but it does not look like it tells a different story at the moment.
- RickJWagner 7y agoWages have been rising too, for the first time in many years. This is truly a time of economic prosperity (at least in the US). It won't last forever. Make whatever moves you have available to you at this time to prepare for the times ahead. Like the boom years of Reagan and Clinton, we'll all look back at this time later and say "What an opportunity!" Sadly, there inevitably will be a fall like 2000 or 2008 at some point to bring us back to earth.