3 ms·
One thing that makes me curious. Pennsylvania unemployment rate is 3,4%. In the EU you commonly see unemployment rates around 10% and that is even after rathe
by fifilura 2y ago
One thing that makes me curious.
Pennsylvania unemployment rate is 3,4%.
In the EU you commonly see unemployment rates around 10% and that is even after rather massive reeducation programs.
Why is this seen as such a big problem that these 3,4% pretty much get to decide the entire US policy?
In the EU that would be a great number and mostly normal considering that people that switch jobs or just finished studying or are just generally unemployable is counted towards that numer.
https://www.pa.gov/agencies/dli/newsroom/pennsylvania-s-unemployment-rate-remains-at-3-4--in-august.html https://www.pa.gov/agencies/dli/newsroom/pennsylvania-s-unem...
- saturn8601 2y agoYou sure its just the 3.4%? 5% is considered 'full employment' so 3.4 should be some of the best times in history. How many people are employed but are in a job that barely provides enough money to survive? How many people are working 2 or even 3 jobs just to barely survive? Those people would be counted as 'employed'. You should look at these other groups of people before making judgement.
- fifilura 2y agoI don't make judgement. I just read the link, and the source seemed reputable. But all I hear is "we want factory work back to Pennsylvania". If the jobs pay too low, why would you want even more low paying jobs back to USA, sewing t-shirts, making sneakers, working in a factory? And - specifically - why do the people that want that get so much influence?
- alain94040 2y agoThere are several different definitions of unemployment rates: U-3, U-6, etc. Are you sure you are comparing using the same definition? See for instance https://www.investopedia.com/articles/investing/080415/true-unemployment-rate-u6-vs-u3.asp https://www.investopedia.com/articles/investing/080415/true-...