HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Why don't we hear discuss...

Sun May 6, 2018, 02:27 PM

Why don't we hear discussion of the Labor Force Participation Rate any more ?

3 replies, 624 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Why don't we hear discussion of the Labor Force Participation Rate any more ? (Original post)
DemocratSinceBirth May 2018 OP
Exotica May 2018 #1
D_Master81 May 2018 #2
DemocratSinceBirth May 2018 #3

Response to DemocratSinceBirth (Original post)

Sun May 6, 2018, 04:05 PM

1. The same reason the headline (U3) UE rate has been bullshit for ages.

 

It is all one big con to placate the ignorant masses.

In 1994 the BLS changed the headline rate from U5 to U3.

U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.

U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.

U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.

U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DemocratSinceBirth (Original post)

Sun May 6, 2018, 04:06 PM

2. You know how often I've thought this

I remember limbaugh saying that the labor participation rate wasnt even 60%, so that meant real unemployment was over 40%, which would be way higher than the Great Depression. But the answer is...because Republicans are in power. Dems dont make near the noise about meaningless s**t like the GOP does.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to D_Master81 (Reply #2)

Sun May 6, 2018, 06:32 PM

3. Notice something, compadre ?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread