US jobless claims lowest in 4 decades

[PainRack]

http://www.bloomberg.com/news/articles/ ... ur-decades

Some good news for everyone. Thanks Obama

[Broomstick]

Unfortunately he'll never get credit.

[PainRack]

Unfortunately he'll never get credit.

I do predict Trumpets claiming Trump brought down unemployment just by being elected and blaming Obama for any economic difficulties next year but good news is good news.


It also does mean Trump argument about low interest rates now have a point... With full employment, even at low wages, keeping the current course might not be beneficial...

A new chapter in economics might be unfolding..

[Simon_Jester]

[snip irrelevant question, sorry, I realized it was a mistake only after posting. Delete please?]

[Starglider]

Meanwhile the labour participation rate is at the lowest level since 1977, despite the huge increase in female participation since then. Kudos to the Obama administration for continuing the Bush legacy of innovation in finding new ways to distort both the unemployment and inflation statistics.

[K. A. Pital]

The participation rate is much more accurate, especially after the global recession.

I agree with Starglider, this is more smoke and mirrors from the current ruling camp. And that is to put it mildly. To put it harshly, it is a way of propagating lies about the great conditions of the labour market.

[Highlord Laan]

To the likes of employers, corporations especially, the conditions of the labor market are great. They can hire, fire, and grind employees down with crushing overtime and middling pay at will, all while making massive windfall profits. What's not to love from such an arrangement (for them?)

[PainRack]

To the likes of employers, corporations especially, the conditions of the labor market are great. They can hire, fire, and grind employees down with crushing overtime and middling pay at will, all while making massive windfall profits. What's not to love from such an arrangement (for them?)

You didnt read the article did you? As corrorborated by the BLS, 5.5 million skilled jobs are left unfulfilled,making it harder for bosses to fire staff. The perception issue however is that these are in industries that arent glamorous. Nursing staff, chefs, hospitality.... These are the jobs where businesses are undergoing staff shortages. Not mechanics, coal workers and etc. Ah well, at least construction is reviving back to pre crisis levels.

Meanwhile the labour participation rate is at the lowest level since 1977, despite the huge increase in female participation since then. Kudos to the Obama administration for continuing the Bush legacy of innovation in finding new ways to distort both the unemployment and inflation statistics.

Retirement from baby boomers.not to mention longer studying as people try to reskill themselves as the economy restructure

[Starglider]

Retirement from baby boomers.not to mention longer studying as people try to reskill themselves as the economy restructure

Without which the participation rate would be even worse, but the number of medium and long-term unemployed is still much higher than before the 2008 crisis;



The medium-term unemployment measures have been trending down slowly but the long-term measure has stalled.

[PainRack]

Retirement from baby boomers.not to mention longer studying as people try to reskill themselves as the economy restructure

Without which the participation rate would be even worse, but the number of medium and long-term unemployed is still much higher than before the 2008 crisis;



The medium-term unemployment measures have been trending down slowly but the long-term measure has stalled.

Retirees drag the participation rates down.

The u6 figures which include those who given up finding a job are trending down.


www.macrotrends.net/1377/u6-unemployment-rate


This isnt to say that for many, seasonal employment, underemployment isnt an issue but the picture is overall better than when Obama took office

[Starglider]

U6 includes 'discouraged workers' e.g. have looked in the last six months but not the last four weeks (U5) but not people who have completely given up e.g. are on disability, pension or other benefits, want a job but believe they can't get one. You can't get out of this by saying 'retirees' essentially because pension provision is so low in the US that a lot of older people who might be retired in Europe still need work to maintain their living standards.

[PainRack]

U6 includes 'discouraged workers' e.g. have looked in the last six months but not the last four weeks (U5) but not people who have completely given up e.g. are on disability, pension or other benefits, want a job but believe they can't get one. You can't get out of this by saying 'retirees' essentially because pension provision is so low in the US that a lot of older people who might be retired in Europe still need work to maintain their living standards.

Huh? Participation rates are lower because of retirees and students. You talking about a 2 % drop since 2008, entirely within the bounds of retirement and aging.

data.bls.gov/timeseries/LNS12300000

data.bls.gov/generated_files/graphics/latest_numbers_LNS12300000_2006_2016_all_period_M10_data.gif
The data doesnt lie. More people are getting re employed since the crash. Its not better, its not the same pre crash, but compared to the horrors of 8 years ago?