The Real Unemployment Rate
 
 

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The Real Unemployment Rate

This is a discussion on The Real Unemployment Rate within the General Off Topic Discussion forums, part of the Life Beyond Horses category
  • True unemployment include those who gave up on job hunt

 
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    06-05-2009, 01:46 PM
  #1
Green Broke
The Real Unemployment Rate

Today's economy, in which some 2 million people searching for full-time work have had to settle for less, and unemployment is much higher than the official rate when all the Americans who gave up looking for jobs are counted, too.
Because of the surge of hiring for the census, April unemployment only rose to 8.9 percent a much slower increase than had been feared. Figures out today show unemployment now stands at 9.4 percent.
But consider these numbers:
_The 9.4 percent May unemployment rate is based on 14.5 million Americans out of work. But that number doesn't include discouraged workers, people who gave up looking for work after four weeks. Add those 792,000 people, and the unemployment rate is 9.8 percent.
_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health or lack of transportation. Add those 1.4 million people, and the unemployment rate would be 10.6 percent.
_The official rate also doesn't include "involuntary part-time workers," or the 2.2 million people who took a part-time job because that's all they could get, plus those whose work hours dropped below the full-time level. Once those 9.1 million workers are added to the unemployment mix, the rate would be 16.4 percent.
     
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    06-06-2009, 09:52 AM
  #2
Super Moderator
Hope it will turn better soon. Recessions always increase all kind of problems and malaise.
     
    06-06-2009, 12:59 PM
  #3
Chat Moderator
I do too, we will see what happens.
     
    06-06-2009, 01:54 PM
  #4
Cat
Green Broke
You are so right there RC with the numbers. It doesn't reflect the reality that is out there. I really, really hope this turns around soon.
     
    06-06-2009, 02:07 PM
  #5
Yearling
It isn't so bad down here, I've helped a few different friends out and they were able to get interviews within 20 minutes to a few hours. Some of them had a job the same day, some maybe two days.
     
    06-06-2009, 04:00 PM
  #6
Super Moderator
Quote:
Originally Posted by shmurmer4    
It isn't so bad down here, I've helped a few different friends out and they were able to get interviews within 20 minutes to a few hours. Some of them had a job the same day, some maybe two days.
Wow that's good. Over here the local paper mill decided to decrease their employees A LOT. Now we're waiting affections of that. The mill was/is one of the most important employers over our little backblocks area so I reckon all that will inevitably affect here.
     
    06-08-2009, 05:39 PM
  #7
Weanling
Quote:
Originally Posted by shmurmer4    
It isn't so bad down here, I've helped a few different friends out and they were able to get interviews within 20 minutes to a few hours. Some of them had a job the same day, some maybe two days.
I'm moving to Texas.
     
    06-08-2009, 07:19 PM
  #8
Foal
Not everywhere in Texas..I am a registered nurse that just graduated, and I am having the hardest time finding a job. There is a huge nursing shortage here, but they only want experienced nurses..never in a million years would I have thought I would have a problem getting a job after I graduated.
     
    06-09-2009, 11:37 AM
  #9
Showing
I won't lie it's a little anxiety giving at the moment because even here we had a lot of managers get let go. All the staff are wondering that the future is going to hold. A scary position to be in even for our industry where more staff have been needed for years.

Hope things turn out for everyone.
     
    06-09-2009, 01:31 PM
  #10
Super Moderator
Quote:
Originally Posted by PalominoStarsky    
Not everywhere in Texas..I am a registered nurse that just graduated, and I am having the hardest time finding a job. There is a huge nursing shortage here, but they only want experienced nurses..never in a million years would I have thought I would have a problem getting a job after I graduated.
That's so annoying! They want someone with more experience but how you can ever get experience if nobody hires you? (the other group is almost retired people; they have a lot of experience and wisdom but none want them because they retire so soon).

Hope you'll get a some kind of job soon.
     

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