Unemployment

[dryheat]

I was curious about the numbers. The graph went from 3.5% before the pandemic straight up to 14% and then has notched down steadily(picture one of those Olympic ski jumps) to a stagnant 6.7%. I thought it would be higher. There are various ways to look at unemployment. Here is a short explanation of another version.

The -real unemployment- rate dipped from 12.0% to 11.7% in December. This alternate measure of unemployment, known as U-6, gives a broader definition of unemployment. It includes people who would like a job but haven't looked for one in the past month. It also includes those who are underemployed and marginally attached.

I don't know what marginally attached means. So for all the wailing about job loss I'm a little surprised it isn't worse. I don't think we are even in a recession. Lord knows, there's billions being made in the stock market. For some strange reason GM and Ford have been steadily rising. Maybe people don't want to ride the bus anymore.

[S.A. Boggs]

My Dad told me that if the guy next door lost his job it was a recession. If you lost yours it was a depression! America hasn't started into the worst yet, that is around the corner.
Sam

[Johnny P]

The democrats think that somehow they are going to put all those folks to work that draw a check but have never worked a day in their lives . Those people are looking for more money, not a job.

[dryheat]

I'm mistaken. According to the National bureau of Economic Research we are in a recession. But it's very different. Not a boom or bust economic kind.

I might be mistaken about being mistaken. I can't seem to find a current report about recession.