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The Water Cooler
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Dow - 26,000 - "Edit Next Stop 27,000"
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<blockquote data-quote="TerryMiller" data-source="post: 3292899" data-attributes="member: 7900"><p>Compare the unemployment under Obama with unemployment under Trump. From what I hear, the numbers of unemployed under Trump are at 50 year lows. While it takes longer for U-6 unemployment (source of labor participation rate) to get "back to normal," the number of unemployed under Obama (again, U-6) kept getting lower and lower. In other words, there were a lot more unemployed under him than a whole lot of other presidents.</p><p></p><p><a href="https://en.wikipedia.org/wiki/Unemployment" target="_blank">Unemployment Article at Wikipedia</a></p><p></p><p>This from that Wikipedia article:</p><p></p><p>"The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:</p><p></p><ul> <li data-xf-list-type="ul">U1: Percentage of labor force unemployed 15 weeks or longer.</li> <li data-xf-list-type="ul">U2: Percentage of labor force who lost jobs or completed temporary work.</li> <li data-xf-list-type="ul">U3: Official <strong>unemployment rate</strong> per the <a href="https://en.wikipedia.org/wiki/International_Labour_Organization" target="_blank">ILO</a> definition occurs when people are without jobs and they have actively looked for <a href="https://en.wikipedia.org/wiki/Wage_labor" target="_blank">work</a> within the past four weeks.</li> <li data-xf-list-type="ul">U4: U3 + "<a href="https://en.wikipedia.org/wiki/Discouraged_workers" target="_blank">discouraged workers</a>", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.</li> <li data-xf-list-type="ul">U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.</li> <li data-xf-list-type="ul">U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (<a href="https://en.wikipedia.org/wiki/Underemployment" target="_blank">underemployment</a>)."</li> </ul><p>U-3 is the unemployment rate that is what the government and media tend to report. However, that "number" leaves out all those in U-4 through U-6.</p></blockquote><p></p>
[QUOTE="TerryMiller, post: 3292899, member: 7900"] Compare the unemployment under Obama with unemployment under Trump. From what I hear, the numbers of unemployed under Trump are at 50 year lows. While it takes longer for U-6 unemployment (source of labor participation rate) to get "back to normal," the number of unemployed under Obama (again, U-6) kept getting lower and lower. In other words, there were a lot more unemployed under him than a whole lot of other presidents. [URL='https://en.wikipedia.org/wiki/Unemployment']Unemployment Article at Wikipedia[/URL] This from that Wikipedia article: "The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment: [LIST] [*]U1: Percentage of labor force unemployed 15 weeks or longer. [*]U2: Percentage of labor force who lost jobs or completed temporary work. [*]U3: Official [B]unemployment rate[/B] per the [URL='https://en.wikipedia.org/wiki/International_Labour_Organization']ILO[/URL] definition occurs when people are without jobs and they have actively looked for [URL='https://en.wikipedia.org/wiki/Wage_labor']work[/URL] within the past four weeks. [*]U4: U3 + "[URL='https://en.wikipedia.org/wiki/Discouraged_workers']discouraged workers[/URL]", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them. [*]U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently. [*]U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons ([URL='https://en.wikipedia.org/wiki/Underemployment']underemployment[/URL])." [/LIST] U-3 is the unemployment rate that is what the government and media tend to report. However, that "number" leaves out all those in U-4 through U-6. [/QUOTE]
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