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Markle wrote:Sure, the rate of unemployment is trickling down as fewer and fewer people are counted as being unemployed. Count the people who have quite looking, the number working before the 2008 recession and we would have an 11.3% unemployment rate today.
Yes, Markle. Once again, I know what you're talking about. And once again, and I have no idea why, you apparently struggle to read. I'll try and dumb it down more and use as little syllables as possible for you.
For Markle and PACEDOG:
Yes. I see. I know that we must count those who stop try to find work. I know that if we count those who stop try to find work in the not-work rate, that that thing get big. More big than what we see in news. In fact, it be 11.3%. Now, if we use that same thing and look at past, we see that that same thing was once 18.0%. Since now that thing is 11.3%, and since in past it was 18.0%, that mean that that thing come down. Since that thing come down, that mean thing more good now than it was in past.
For everyone with a reading ability beyond that of Markle and PACEDOG:
Yes, I understand that the U6 measure of unemployment is higher than the U3. And yes, that is because the U6 includes discouraged workers. Fair enough. If we look at just the U6 measure, we see that it peaked at 18% at the height of the recession. Since it is 11.3% today, and since 11.3% is less than 18%, we can say that the labor situation has absolutely improved....even when we account for discouraged workers....which the U6 unemployment rate does.
Now, all that said, and by a show of hands, who here thinks the next post will say "Yeah, but that doesn't count discouraged workers!".
One more time, the U6 unemployment rate - which includes discouraged workers:
Is that thing going up or coming down?
