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Economics Discuss Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery at the Political Forums; Originally Posted by rivrrat How do they know who is looking for work and who isn't? They don't know, and ...

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Old 01-07-2013, 12:09 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

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Originally Posted by rivrrat View Post
How do they know who is looking for work and who isn't?
They don't know, and do you remember hearing all of this sort of hedging in the past? It's nonsense.
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Old 01-07-2013, 03:26 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

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Originally Posted by rivrrat View Post
How do they know who is looking for work and who isn't?
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Originally Posted by Mikeyy View Post
They don't know, and do you remember hearing all of this sort of hedging in the past? It's nonsense.
Forget discouraged, 3 million workers hopelessly unemployed

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Employers may be hiring, but there's another big problem with the job market that isn't being tracked as closely: the hopelessly unemployed.

An often overlooked number calculated by the Labor Department shows millions of Americans want a job but haven't searched for one in at least a year. They've simply given up hope.


They're not counted as part of the labor force, the official unemployment rate, or the category the Labor Department refers to as "discouraged workers" -- those who haven't bothered to look for work in the last four weeks.

These hopelessly unemployed workers have just been jobless so long, they've fallen off the main government measures altogether.

"The way we're measuring the long-term unemployed has a lot of holes in it," said Stephen Bronars, senior economist for Welch Consulting. "A person can be discouraged for a while, but then gets bumped over into this other category."

The Labor Department started tracking this group in 1994, but it doesn't get much attention. Recently, it has started growing more rapidly than usual, even as other job measures have shown improvement.

Five years ago, before the recession began, about 2.5 million people said they wanted a job but hadn't searched for one in at least a year. Now, that number is around 3.25 million.

"We have always had a set of people who want a job but for whatever reason are not looking," said Heidi Shierholz, economist with the Economic Policy Institute. "But this recession was so severe and job opportunities are still so weak, this group is growing because of that."

Who are the hopelessly unemployed?

"It's hard to say exactly who these people might be," Bronars said. That's because they say they want to work, but also say they aren't looking. The questioning doesn't go much deeper than that.

Call them "super discouraged workers," said Erik Hurst, economist at the University of Chicago Booth School of Business.

It's likely that they'd prefer to work, but just don't think they can find a job and have other means or responsibilities with which to occupy their time.

... Ignoring the hopeless might make it seem like the long-term unemployment problem in the United States is slowly improving.

The unemployment rate has dropped sharply since 2009, and the number of people unemployed for six months or more has declined. Plus, the number of so-called "discouraged workers" has also fallen.

But the growing number of hopelessly unemployed is worrisome. Studies widely show the longer a person is unemployed, the weaker his or her chances are of getting a job.

At some point, long-term unemployment can lead workers to become permanently detached from the labor force. That's not good for the economy.

"We know we have this huge pool of missing workers," Shierholz said. "And we are not yet in a labor market that draws people in."
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Old 01-07-2013, 03:37 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

But how do they know who is or isn't looking for work?
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Old 01-07-2013, 03:41 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

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Originally Posted by rivrrat View Post
But how do they know who is or isn't looking for work?
The Labor Departments ASKS...

In order for them to get any of their data, they use surveys...

Unfortunately, they also get to pick the ones they want to push because it makes their master look good, and simply push the bad stuff to page 37 so it gets discounted altogether...

This line from the article I just put forth says it all...

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Ignoring the hopeless might make it seem like the long-term unemployment problem in the United States is slowly improving.
...and that's EXACTLY what this administration and their supporters do...Ignore it...
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Old 01-07-2013, 04:02 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

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And now the REASONING...

THIS is what keeps the unemployment rate down...

In fact, if everyone simply stopped looking for work, the unemployment rate would be ZERO...That's how absurd these numbers are calculated...
Kinda like the eighties only we have a better census and can get a truer picture huh?
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Old 01-07-2013, 06:01 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

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Originally Posted by cnredd View Post
The Labor Departments ASKS...

In order for them to get any of their data, they use surveys...

Unfortunately, they also get to pick the ones they want to push because it makes their master look good, and simply push the bad stuff to page 37 so it gets discounted altogether...

This line from the article I just put forth says it all...

...and that's EXACTLY what this administration and their supporters do...Ignore it...
Fact is who knows what the actual numbers are? There are also large amounts of baby boomers who are dropping out and retiring. I realize there are people like yourself who aren't finding work. It is a drag but nobody is trying to cover for Obama on this. The loss of jobs and the struggling economy is not something that Obama is at fault for so why would I feel the need to cover for him? He is trying. The right is the reason for the lack of confidence that is keeping us stuck. I talk to so many business owner friends of mine, many republicans and they are growing disgusted with the why the congress is operating. They aren't whining about tax increases. They are whining about how badly congress is run. Congress is so bad they aren't even mad at Obama. Now that is bad.
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Old 01-07-2013, 08:27 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

How many of the new jobs were just temporary seasonal jobs?
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Old 01-07-2013, 10:15 PM
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Default Re: Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

He's not doing as bad as Scott Walker that's fer sure

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