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Hiring dropped sharply in May, the weakest in 6 years

washingtonpost.com

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Re: Hiring dropped sharply in May, the weakest in 6 years

#5

Post by dforrestwilson1 »

The unemployment rate is not a good metric. The labor force participation rate is more inclusive, and declined for the 2nd month in a row.

http://www.nytimes.com/2016/06/04/business/economy/jobs-repo...

Furthermore the quality of available jobs appears to have declined.

Re: Hiring dropped sharply in May, the weakest in 6 years

#7

Post by cmdrfred »

xufi wrote: post #6
ianai wrote: post #4

This doesn't worry me so much on it's own. You have to contrast it with new unemployment rates.

I think the last time I checked it was around 5%

5% of people qualify for unemployment benefits I believe, not that 95% of people that want jobs have them. For most purposes an essentially useless measurement.

"A broader measure of unemployment that includes people too discouraged to search for work or who are making do with a part-time job because they cannot find a full-time one, stayed steady at 9.7 percent."[0]

[0]http://www.nytimes.com/2016/06/04/business/economy/jobs-repo... (credit: dforrestwilson1)

Re: Hiring dropped sharply in May, the weakest in 6 years

#8

Post by baron816 »

dforrestwilson1 wrote: post #5

The unemployment rate is not a good metric. The labor force participation rate is more inclusive, and declined for the 2nd month in a row. http://www.nytimes.com/2016/06/04/business/economy/jobs-repo... Furthermore the quality of available jobs appears to have declined.

> The unemployment rate is not a good metric. The labor force participation rate is more inclusive

LFP rate is not better than the unemployment rate. There are a lot of factors that go into labor force participation, and demographics is probably the biggest. It peaked in the late 90s and has pretty much followed the same downward trend since:

http://www.tradingeconomics.com/united-states/labor-force-pa...

Re: Hiring dropped sharply in May, the weakest in 6 years

#9

Post by dragonwriter »

cmdrfred wrote: post #7
xufi wrote: post #6

Earlier quoted context omitted.

I think the last time I checked it was around 5%

5% of people qualify for unemployment benefits I believe, not that 95% of people that want jobs have them. For most purposes an essentially useless measurement. "A broader measure of unemployment that includes people too discouraged to search for work or who are making do with a part-time job because they cannot find a full-time one, stayed steady at 9.7 percent."[0] [0] http://www.nytimes.com/2016/06/04/business/eco…

> 5% of people qualify for unemployment benefits I believe

Incorrect; the headline rate does not only include those qualified for unemployment benefits (it does only include that part of the working-age non-institutionalized population out-of-work and actively looking for work, though.)

Re: Hiring dropped sharply in May, the weakest in 6 years

#10

Post by xufi »

dragonwriter wrote: post #9
cmdrfred wrote: post #7

Earlier quoted context omitted.

5% of people qualify for unemployment benefits I believe, not that 95% of people that want jobs have them. For most purposes an essentially useless measurement. "A broader measure of unemployment that includes people too discouraged to search for work or who are making do with a part-time job because they cannot find a full-time one, stayed steady at 9.7 percent."[0] [0] http://www.nytimes.com/2016/06/04/business/eco…

> 5% of people qualify for unemployment benefits I believe Incorrect; the headline rate does not only include those qualified for unemployment benefits (it does only include that part of the working-age non-institutionalized population out-of-work and actively looking for work, though.)

Right, Doesnt the ones who are qualified add up to about %18 or so with the unreported numbers?
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