Thursday - July 02, 2015

fortunately, unfortunately

extending the previous post a bit ...



Now You See It



Now You Don’t





Using whatever today’s most flattering definition of unemployment is, the administration is giving themselves a great big pat on the back for getting it down to a piddly 5.3%. Huzzah!!

Unfortunately, those are only good numbers if you use the current labor participation market, which is the same size as the one in 1977. FORTY YEARS AGO.

The unemployment rate, which is derived from a separate Labor Department survey of households, was the lowest since April 2008, falling from 5.5 percent in May. The labor force shrank by 432,000 people last month, accounting for the bulk of the drop in joblessness.

The participation rate, which indicates the share of the working-age population in the labor force, decreased to 62.6 percent, the lowest since October 1977, from 62.9 percent. Labor force participation slumped among teens, with a more moderate decrease among men 20 years and older.

There were positive developments among those who had been struggling. The share of people out of work for 27 weeks or longer—the so-called long-term unemployed—dropped to 25.8 percent, the lowest since March 2009. The 2.8 point drop from May’s 28.6 percent was the biggest one-month decrease since records began in 1948.

Isn’t that also wonderful?? The long term unemployment rate is down to MERELY MORE THAN ONE IN FOUR, probably because that same 2.8 percent also said to hell with it and has stopped looking.

So yeah. Flatlined. Death spiral. Bullshit festival, Round 128. And we aren’t even going to mention all the jobs going to illegals, because the new slave class is another protected species, and guys like Trump who mention it must be subject to the Daily Two Minutes of Hate until they shrivel up and die.

Meanwhile, moderate level government employees bring down 6 figure incomes, television personalities earn hundreds of thousands per week, and the stock market is on an elevator ride to the stars. And you, you middle aged schlub, can go hang. You’ve “earned enough already” for a business “you didn’t build”, so it’s time to give way to utterly inexperienced diversity youth, who deserve a “comfortable living wage” for just showing up most of the time. Because. White privilege. You cisgender racist. Or something.

Posted by Drew458     on 07/02/2015 at 04:11 PM   
Filed Under: • Economics •  
• Comments (6) • Trackbacks(0)  Permalink •  

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