The Conservative Cave
Current Events => Economics => Topic started by: Chris on May 07, 2010, 01:56:39 PM
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The U.S. jobless rate rose to 9.9% in April, the first increase in three months, but the government’s broader measure of unemployment ticked up for the third month in a row, rising 0.2 percentage point to 17.1%.
The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs. Though the rate is still 0.3 percentage point below its high of 17.4% in October, its continuing divergence from the official number (the “U-3″ unemployment measure) indicates the job market has a long way to go before growth in the economy translates into relief for workers.[snip]
The U-6 figure includes everyone in the official rate plus “marginally attached workers†— those who are neither working nor looking for work, but say they want a job and have looked for work recently; and people who are employed part-time for economic reasons, meaning they want full-time work but took a part-time schedule instead because that’s all they could find.
A U-6 figure that converges toward the official rate could indicate improving confidence in the labor market and the overall economy. This month pushes convergence even further away.
http://blogs.wsj.com/economics/2010/05/07/broader-u-6-unemployment-rate-increases-to-171-in-april/
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Obama calls job numbers 'very encouraging' (http://news.blogs.cnn.com/2010/05/07/obama-calls-job-numbers-very-encouraging/)
Higher unemployment is a good thing. This guy is a moron. :thatsright:
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Obama calls job numbers 'very encouraging' (http://news.blogs.cnn.com/2010/05/07/obama-calls-job-numbers-very-encouraging/)
Higher unemployment is a good thing. This guy is a moron. :thatsright:
The liberal spin on this is un-freaking-believable. But of course, I'm not surprised.
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This is somehow good news.
A FReeper posted a 2003 article about how disappointing a 5.9% unemployment was.
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This is somehow good news.
A FReeper posted a 2003 article about how disappointing a 5.9% unemployment was.
Yeah back then an UE number of 5.9% was the second great depression. :mental:
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Obama calls job numbers 'very encouraging' (http://news.blogs.cnn.com/2010/05/07/obama-calls-job-numbers-very-encouraging/)
Higher unemployment is a good thing. This guy is a moron. :thatsright:
I figured him out. Of course it is encouraging to him, after all he wants to destroy the economy so he can get more Government involvement, therefore higher numbers Happy Obama!