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Stefani Tee
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economy

US Unemployment At 50 Year Low!

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Economy
26 minutes ago, ZacharyMark said:

Yea or people just see the bigger picture and want to point that out in response to the media/government telling us everything is fine when it really isn’t for many people... not sure why you have to call people triggered for merely responding to an article... it’s not like you wrote it. but then again maybe it’s true that people should be “triggered” when the wage gap and inflation continues to hit hard working people...

It just sounded like ppl were implying like “why are u posting this” kind of thing :air:

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doppelganger
12 minutes ago, Matangi said:

It is objective, but so are many other facts that are worth the same amount or airtime/space. But in urban areas where most of the US populations are centered, it is not an affordable place to live, and  32k is quite low

Median income in my country is $15k, minimum wage is $4k...  :bradley: And property prices are comparable to the US and so it's out of reach for most young people. Public healthcare and education is free though and that helps. Unemployment is low but youth unemployment is 10% and many look to get work through the gig economy (basically food delivery). 

Low unemployment is good thing IMO. Focus on getting the government to fix public policies and amenities, and narrowing the wealth gap

Edited by doppelganger

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Ladey Gaygay

Im glad that unemployement is low however

wages have stayed the same since the 70s while the cost of living has only shot up 10 fold

told you so i give up GIF

xoxo hoanne
  • Sad 1

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Economy
3 minutes ago, Ladey Gaygay said:

Im glad that unemployement is low however

wages have stayed the same since the 70s while the cost of living has only shot up 10 fold

told you so i give up GIF

My dad as a teenager made more here in canada 30 years ago per hour without completing highschool than i make now and im talking in nominal terms (not even inflation adjusted) :rip:

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Whispering

 

“Meanwhile, the decline in the unemployment rate was driven less by job gains than it was by working-age people dropping out of the labor force (the headline unemployment rate measures the percentage of people who are actively looking for a job but cannot find one, so when people give up and stop looking, the rate declines). In March, the percentage of working-age Americans who either had jobs or were looking for them sat at 63 percent; last month, it fell to 62.8 percent.”

This isn't driven by job demand, its driven by people giving up on working. There is no flush of jobs for workers to play for high wages.   

 

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StarstruckIllusion

Obama snapped here huh 😍😍

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Born To Slay
2 hours ago, Lord Temptation said:

And for women the unemployment rate is 3.4% - the lowest in 67 years.

While for Hispanics and African Americans, it’s the lowest EVER.

:firega:

 

1 hour ago, Whispering said:

 

“Meanwhile, the decline in the unemployment rate was driven less by job gains than it was by working-age people dropping out of the labor force (the headline unemployment rate measures the percentage of people who are actively looking for a job but cannot find one, so when people give up and stop looking, the rate declines). In March, the percentage of working-age Americans who either had jobs or were looking for them sat at 63 percent; last month, it fell to 62.8 percent.”

This isn't driven by job demand, its driven by people giving up on working. There is no flush of jobs for workers to play for high wages.   

 

 

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Economy
2 hours ago, Whispering said:

 

“Meanwhile, the decline in the unemployment rate was driven less by job gains than it was by working-age people dropping out of the labor force (the headline unemployment rate measures the percentage of people who are actively looking for a job but cannot find one, so when people give up and stop looking, the rate declines). In March, the percentage of working-age Americans who either had jobs or were looking for them sat at 63 percent; last month, it fell to 62.8 percent.”

This isn't driven by job demand, its driven by people giving up on working. There is no flush of jobs for workers to play for high wages.   

 

 

1 hour ago, Born To Slay said:

 

 

Well this month the labor participation rate dropped but sometimes it goes up. Over the long term the rate has come down back to a 50 year low. In that particular aspect the economy is doing good... 

 

There is more job openings than unemployed so regardless of the drop in participation rate in terms of jobs being available the market is healthy

 

what isnt healthy about the economy is the income inequality and stagnant wages for the bottom 50% that arent keeping up with inflation

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