Skip to main content

View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

Comment Preferences

  •  These figures cannot POSSIBLY be accurate (0+ / 0-)

    because they fail to take into account the MILLIONS of people who have given up looking for jobs, can't collect unemployment and have been thoroughly disenfranchised altogether.

    7.5%  ???

    Bullshit.

    The unofficial but accurate (according to HRS) unemployment rate in California alone is 23%.

    23%.

    Nationwide we're looking at a similar figure, don't believe otherwise.

    The other factor is that only McJOBS are being created here, no meaningful career-path employment is occurring ANYWHERE in the USA.

    No one can support a family on a McJob salary.

    Further, the report fails to mention that most of the McJobs are being offered on a LESS than full-time basis so these greedy motherfuckers don't have to pay benefits.

    So less rosy, more realistic jobs report is needed.  Obama isn't a fucking magician.

    •  It is obviously true that the official... (4+ / 0-)

      ...(U3) rate does not include people who have left the workforce because they can't find jobs. I wrote about that yesterday in Uncounted 'missing workers' continue to make economy appear healthier than is actually the case.

      The 13.9% in U6 covers some of the discouraged workers and the part-timers who can't find full-time work.

      The chronic problems with a move by many companies toward more part-time work to avoid benefits and for scheduling flexibility (the companies', not the workers') are serious. But they are separate from the tally being reported here.

      Show me a link to the 23% figure, please.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Fri May 03, 2013 at 10:57:26 AM PDT

      [ Parent ]

      •  I can't show you a link but I can (0+ / 0-)

        give you a phone number where you can call the human resources department in Ventura County and the lady who answers the phone there will happily tell you about California's staggering unemployment rate.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site