Actually, The Unemployment Ratio Is 41%

[real6]

http://www.businessinsider.com/civil...n-ratio-2010-4

The broadest measure of unemployment is the Civilian Employment-Population Ratio, which is exactly what it sounds like: the ratio of employed civilians to the total population. It stands right around 59%, which is the lowest its been since the early 80s.

Fortunately, the recent end of layoffs seems to have staunched the fall.

But even if the economy rebounds, don't expect this measure to jump back to old highs.

For one thing, the recovery could very well be jobless.

But beyond that, demographics won't be very favorable here as more and more Americans retire, placing a greater strain on those who are working.

The one way this won't be true if is we continue to keep bringing in immigrants like we have. Let's hope the integration of them works out well.

Read more: http://www.businessinsider.com/civil...#ixzz0kQGFVN6T

[andyh]

Hmmm that figure is actually rather high if it is actually taking a ratio against total population.
I'd expect almost half the population to be either 16 or less or retired anyway!

[bendoon]

The one way this won't be true if is we continue to keep bringing in immigrants like we have. Let's hope the integration of them works out well.

Lol, don't you just love it how they reverse reality.

The reason that the situation is so bad is because of immigration, bringing in more makes it worse not better.

It stands right around 59%,

And amongst that 59% there are millions of useless non productive government jobs, in reality about 20% of the population supports the other 80%.

[dontbeafraid]

The world unemployment rate is 89%

[motleyhoo]

The US no longer has a growth economy. It is IMPOSSIBLE to have a growth economy when you spend more than you produce. The only thing keeping GDP positive is govt spending and debt. If Obama had really installed transparency back into the financial system like he promised we would all be able to see the massive injections of govt money that have been put into the market to prop it up, and we would see that the stock market is a sham.

This is not going to change anytime in the near future because the globalization that caused the problem is still going on, and the people who are enriching themselves by enabling it to happen are not gonna stop unless we stop them. Do you see anyone stopping them anytime in the next 10-20 years? I sure as hell don't.

I'm a Software Engineer and I have not worked for over 6 months. It's not for the lack of trying. The jobs are not here, unless you're young and mobile and can chase them from one metropolitan area to another.

The supply-side goons laud our growing service economy. These people are morons. Service economies are not sustainable because they do not actually produce anything, and service jobs are low pay, low skill, which slowly erodes society's standard of living for the middle class.

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[andyh]

Originally Posted by motleyhoo

unless you're young and mobile and can chase them from one metropolitan area to another.

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Yeah, it's easy enough if you can simply move house in a week or two with nothing more than a few suitcases. Once you have a wife and kids it's a major major undertaking. I've kept count of how many times I've moved house now...18 times so far. 6 times with wife and kids, it's no bloody joke. Unfortunately it's the only way to win. I've learnt my lesson now, if you don't work for govt then you have little/no job security, you cannot plan to get a mortgage and sit in the same place for the next 25 years. It might have worked in the past but this is just cloud cuckoo land for many many ppl now.
Now you rent, you try to get furnished and you try to keep belongings to a minimum, you work with cash only as much as poss and avoid debt like the plague. All the old school mantra of job for life, wife, kids, mortgage and a holiday once a year so long as you work at it is beginning to fall apart piece by piece.

Back on topic, the unemployment figures should only be a recording of "employable" people eg fit and 16-65 to be a viable percentage.
All these figures are a pile of codswallop imho.
If I had to gauge a percentage I'd say roughly 30% of the UK and Irish population are unemployed out of those available for work from what I've seen thus far.

[wakeup2nwo]

Originally Posted by real6

http://www.businessinsider.com/civil...n-ratio-2010-4

The broadest measure of unemployment is the Civilian Employment-Population Ratio, which is exactly what it sounds like: the ratio of employed civilians to the total population. It stands right around 59%, which is the lowest its been since the early 80s.

Fortunately, the recent end of layoffs seems to have staunched the fall.

But even if the economy rebounds, don't expect this measure to jump back to old highs.

For one thing, the recovery could very well be jobless.

But beyond that, demographics won't be very favorable here as more and more Americans retire, placing a greater strain on those who are working.

The one way this won't be true if is we continue to keep bringing in immigrants like we have. Let's hope the integration of them works out well.

Read more: http://www.businessinsider.com/civil...#ixzz0kQGFVN6T

its not a recovery, it a cover up, there will be a bigger crash this year or when they stop printing money.. its inevitable...

[rashhead]

I agree the economic recovery (specifically in the UK) is total nonsense, despite all the tosh statistics

Look about you...

- What industries are in growth (other than generally minimum wage paying supermarkets)
- Why has the standard business payment terms (in reality) increased from 45 to +60days
- How many people attend interviews for one job
- How many businesses are for sale
- How many businesses are closing and reducing opening days / hours
- How many businesses are down sizing
- Pay freezes and wage / hour reduction is nationally accepted by all
- Local government slashing wages (but in reality just 'adjusting' grades)
- How many self-employed people are cropping up (fast food vans etc)
- 50 odd pubs closing a week (and who doesn't love a drink to put reality aside)

=> more on the dole / less wages = less tax collected to piss up the wall = more UK borowings

Plus the government are throwing shit loads of money in providing whatever training to the unemployed that 'could' help them get a job and uncommonly also throwing shit loads of funding at existing businesses to help them train / develop employees to survive, which IMO is both admirable (if managed / used properly, which it won't be)

It's in cover up stage and the effects will be realised for many years to come

The rich will get richer and the poor will get poorer, no doubt

[killuminatiist]

Originally Posted by rashhead

I agree the economic recovery (specifically in the UK) is total nonsense, despite all the tosh statistics

Look about you...

- What industries are in growth (other than generally minimum wage paying supermarkets)
- Why has the standard business payment terms (in reality) increased from 45 to +60days
- How many people attend interviews for one job
- How many businesses are for sale
- How many businesses are closing and reducing opening days / hours
- How many businesses are down sizing
- Pay freezes and wage / hour reduction is nationally accepted by all
- Local government slashing wages (but in reality just 'adjusting' grades)
- How many self-employed people are cropping up (fast food vans etc)
- 50 odd pubs closing a week (and who doesn't love a drink to put reality aside)

=> more on the dole / less wages = less tax collected to piss up the wall = more UK borowings

Plus the government are throwing shit loads of money in providing whatever training to the unemployed that 'could' help them get a job and uncommonly also throwing shit loads of funding at existing businesses to help them train / develop employees to survive, which IMO is both admirable (if managed / used properly, which it won't be)

It's in cover up stage and the effects will be realised for many years to come

The rich will get richer and the poor will get poorer, no doubt

+1

Could not have said it better myself.

[hadabusa]

40% sounds right, but thats with kids, retirees, etc.

unemployment data is just used asa pr tool. what counts is how sound economy is.


to make it short,us economy has been destroyed over time and its not coming back as long china exists.

if anybodys to blame, its the congress, who slowly made it possible.


i doubt itll implode, it just will not recover.

[bendoon]

If you borrow some money from loan sharks and you can meet the payments they will leave you alone, if they suspect that you won't or can't pay they will come round and give you a severe beating or even kill you.

[real6]

Can't recall yesterday where i read this, but whatever paper i read said here in NYC jobs are actually on the rise because of so many people.


http://money.cnn.com/2010/04/08/news...cnn=yes&hpt=T2

NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday.

There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

Economists surveyed by Briefing.com expected new claims to fall to 435,000 in the week. The number of new claims were just below the level reached in the Feb. 27 week, when initial claims totaled 466,000.

The Labor Department also tracks the 4-week moving average of initial claims, which smoothes out volatility in the measure. That number was 450,250 for the week, up 2,250 from the previous week's downwardly revised average of 448,000.

The report also said that 4,550,000 people filed continuing claims in the week ended March 20, the most recent data available. That figure, the lowest level since Dec. 20, 2008, was down 131,000 from the preceding week's 4,681,000 claims, and below the 4.63 million economists expected, according to Briefing.com.

The 4-week moving average for continuing claims was 4,648,250, a decrease of 36,000 from the preceding week's revised average of 4,684,250.

Continuing claims data exclude people whose benefits expired or those who have moved to state or federal extensions. It reflects those filing each week after their initial claim until the end of their standard benefits, which usually last 26 weeks.

[motleyhoo]

They're using fraudulent BLS data to come up with these numbers. They claim unemployment has been slowly falling due to what they say is a recovery. But in reality, what is falling is their BLS-defined number of eligible workers. In other words, the BLS is claiming fewer and fewer people are eligible to work, which makes it look like unemployment is dropping. There is not one single govt statistic of anything related to the economy that is not complete bullshit.

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