U.S. jobless claims hold steady at 20-month high, current account gap widens

Historic, excluding actual history and Covid, and other inconvenient times. Got it.

 

From my OP link:

 

Read up about weekly claims vs unemployment.

 

Being argumentative all you got? Modern times like since when women entered the workforce as they are now.

 

Labor participation among people 25 - 54 today is near an all time high.

Unemployment is near all time lows.

 

Those trade imbalances is what is helping to control inflation. It also creates jobs, you know, import/export representatives, companies that specialize in importing goods from other countries, trucking those goods from US ports to their final desitnations, and others.

 

Retired, students, and other groups are part of the total population, which is the denominator in that labor partiicaption rate. The labor force, both employed and seeking employment, counts towards the numerator of the labor participation rate.

 

The numbers right now suggest that the only problem in the labor market is the number of working aged people.

We don't need more jobs, we need more people.

Labor participation is actually as high as it has ever been.

Unemployment is about as low as it gets.

The thing we really need most is some more people to fill jobs. They will never acknowledge this, because we do have quite a few people willing to come here and work, but they have turned those people into a boogeyman for their side.

 

And immigration is the only means to achieve that goal in the near future. We could have more babies, but that takes 20 years or so.

Unemployment is at an all time low. But there are rumblings in our economy. It is still fragile, but resilient.

Finally, you are having certain posters who listen too much to the talking points and not think for themselves.

 

So they are including oranges when calculating for apples, according to you. Is someone who is 90 years old a member of the participating labor force? Not normally. If you use a particular description for one side of the calculation, it needs to be used for the other.

Again, the numbers are adjusted following virtually every time they are reported, which means they hype of unemployment being as low as it is, is a false patina in real life.

 

the Republican run fed is trying to cool the hot Biden economy

what was the interest rate under the failing Trump economy, what is it now?

 

No it doesn't, but that is an inherent problem that always exists regardless of the current state of the economy. The poor working class that our Capitalist system depends on will always be below the poverty level because the system requires it.

 

Did you forget how to do percentages? Again, Where each group is counted determines where they end up. The labor participation rate is the Labor Force divided by the total population in the country.

So Labor Force equals those who are employed and those actively seeking empl;oyment.

Total Population includes the Labor Force plus all the other groups who are NOT seeking employment, which includes retirees, students, kids who are 16 and older, permenantly disabled, etc.

If you have a large denominator, the population, and a smaller numerator, then you are going to get a labor participation rate less than 1. Historically, the labor participation rate has always ranged around the mid to low 60 percentile. What we have is an aging population, fewer people replacing retirees, and a slow growth labor market. We have jobs, and we are near full employment, but most of those jobs tend to be the lower wage range, which is affecting that income gap between rich and poor.

 

Nope and only because of the low rate of participation

 

In age group 25-54, LFPR is 83.4%, which is nothing to complain about, because its the best in a long time, and that age group is the most productive group in existence.

Labor force participation rate for people ages 25 to 54 in May 2023 highest since January 2007
JUNE 07, 2023
https://www.bls.gov/opub/ted/2023/labor-force-participation-rate-for-people-ages-25-to-54-in-may-2023-highest-since-january-2007.htm#:~:text=The labor force participation rate for people ages 25 to,83.4 percent in May 2023.
The labor force participation rate for people age 16 and older was 62.6 percent in May 2023. That was 0.7 percentage point below its February 2020 level, before the COVID-19 pandemic began. The labor force participation rate for people ages 25 to 54 has returned to its pre-pandemic level. The rate was 83.4 percent in May 2023. The last time it was this high was January 2007.

 

All time to long time I see



Stop trying to cherry pick.

 

Labor participation is near historical highs when you take out people who are of retirement age from the denominator.

I'm sorry that you don't understand labor participation rate, i've tried to help.

 

Sorry you don't get to cherry pick. We are points below pre-COVID when Trump had the Reps had reversed the previous trend had such low unemployment as we are experiencing now.

 

Unemployment is near all time lows.

Labor participation among people below retirement age is near all time highs.

Those two statements are objectively true.

 

He didn't reverse anything. As a matter of fact he left the LFPR way worse than it was when he took office.

 

Nope it was increasing pre-COVID. When you can prove Trump caused COVID then you can blame him for the drop during it.

 

And you have to resort to cherry picking your numbers, that statement is objectively true.

 

Nothing about that is cherry picked.

 

ROFLMAO it is a textbook example.