Actually, The Unemployment Ratio Is 41% - Page 2 - Politics and Economics

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Actually, The Unemployment Ratio Is 41%

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04-07-2010 , 09:42 PM

#26

The 13th 4postle

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Quote:

Originally Posted by Borodog

I don't understand the people giving Jiggs **** here. Look at the graph. Something obviously very interesting is taking place imo.

Yah, it's called the Great Recession. Believe me, we noticed.

04-07-2010 , 09:43 PM

#27

Borodog

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So what's with the **** giving then?

04-07-2010 , 09:46 PM

#28

DVaut1

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I mean, I think the **** is that the "actual" UE ratio most people use is ~9.5%.

It's cool if he wants to post this graph, but in which case, the recent "best" UE ratio is 36%, so that it's now 41% is obviously worse, but I mean we all kind of knew UE by convention measures used to be ~4-5% in the recent past, and now it's 9-10%, so he stumbled on the fact that UE is 5% higher than it was when it was at it's peak, which we all knew.

04-07-2010 , 10:04 PM

#29

Borodog

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The OP makes it pretty clear what number it is? There could have been a thread about what it means other than "There's a recession ldo". There have been previous recessions without the particularly dramatic cratering of this particular statistic. Instead we got a bunch of nitbitching about the title.

04-08-2010 , 12:41 AM

#30

ikestoys

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Join Date: Nov 2006 Posts: 94,424

Quote:

Originally Posted by JiggsCasey

The the status of employment in this country is rather unprecedented, considering the number of people who can work today, and the amount of baby-boomers heading to retirement.

retirement ~= unemployment now....

lulz.

04-08-2010 , 01:27 AM

#31

General Tsao

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One interesting aspect of that graph is that there's been a 5% reduction in employment since our current recession started, compared to the other recessions which have around 1-2% reduction in employment. That's notable, isn't it?

04-08-2010 , 04:21 AM

#32

chondo

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Join Date: Apr 2008 Posts: 830

we're just on a downswing, don't you understand variance?

04-08-2010 , 04:36 AM

#33

Chips Ahoy

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Join Date: Apr 2007 Posts: 28,869

Interesting graph. Thx for posting it.

04-08-2010 , 04:42 AM

#34

quinn132

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Join Date: Dec 2006 Posts: 1,266

Quote:

Originally Posted by chondo

we're just on a downswing, don't you understand variance?

I think it may be more to do with the US has lost its edge. Though ego can claim downswing, ask hellmuth about it.

04-08-2010 , 05:27 AM

#35

JiggsCasey

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Quote:

Originally Posted by ikestoys

retirement ~= unemployment now....

lulz.

that's not really what I said...

04-08-2010 , 05:35 AM

#36

bonsaltron

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jiggs brings up interesting, well-organized posts and 4/5 posters make fun of him and bring up 'peak oil', which he has ironically also brought up interesting, well-organized posts which 4/5 posters made fun of as well

interesting op imo

04-08-2010 , 10:22 PM

#37

Sholar

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Quote:

Originally Posted by maxtower

The metric isn't totally worthless. Everyone who isn't working is being supported one way or another by those who are.

This is either not very meaningful (or just wrong) because of the ability to save wealth while one is working to support oneself while one is not working.

An aging population, even one which was adequately provisioned for retirement, would see its overall employment ratio decline, as would a population undergoing a baby boom.

04-09-2010 , 03:39 AM

#38

PKS Ace

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Join Date: Jan 2008 Posts: 634

Quote:

Originally Posted by Sholar

No matter how much wealth one accumulates during his working years, he can't eat that wealth. He can simply use some of it to bid for goods and services that are being produced by those who are still working. The amount of money or 'wealth' stored by someone only supports them as long as there are others who have goods and services that can sustain ones life who want some of that money or wealth.

04-09-2010 , 03:55 AM

#39

bonsaltron

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Quote:

Originally Posted by PKS Ace

Wealth can also be taxed and/or reduced of purchasing power by inflation

04-09-2010 , 04:13 AM

#40

O.A.F.K.1.1

Ted Patrick

Join Date: Dec 2007 Posts: 27,951

Quote:

Originally Posted by Borodog

I don't understand the people giving Jiggs **** here. Look at the graph. Something obviously very interesting is taking place imo.

Social tardation getting in the way of reason. Standard.

OH look its Jiggs /turn off brain.

04-09-2010 , 04:14 AM

#41

O.A.F.K.1.1

Ted Patrick

Join Date: Dec 2007 Posts: 27,951

Quote:

Originally Posted by 2/325Falcon

If we just killed off a bunch of old people and kids this ratio would be fixed.

Arm them with cameras LDO.

04-09-2010 , 04:45 AM

#42

JiggsCasey

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Quote:

Originally Posted by O.A.F.K.1.1

Social tardation getting in the way of reason. Standard.

OH look its Jiggs /turn off brain.

I'm sorry you feel that way.

Please tell me what reason is lacking in this instance.

04-09-2010 , 05:06 AM

#43

bonsaltron

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Quote:

Originally Posted by JiggsCasey

I'm sorry you feel that way.

Please tell me what reason is lacking in this instance.

i think he was sarcastically agreeing that people tend to ignore your logic based on your rep

04-09-2010 , 05:08 AM

#44

TomVeil

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Quote:

Originally Posted by bonsaltron

i think he was sarcastically agreeing that people tend to ignore your logic based on your rep

That's the way I read it too.

04-09-2010 , 05:47 AM

#45

O.A.F.K.1.1

Ted Patrick

Join Date: Dec 2007 Posts: 27,951

Quote:

Originally Posted by bonsaltron

i think he was sarcastically agreeing that people tend to ignore your logic based on your rep

This.

04-09-2010 , 07:38 AM

#46

Sholar

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Quote:

Originally Posted by PKS Ace

Sure, although one can definitely store wealth as food (some here do). It's more that using an index which ignores stores of wealth and demographic changes for cross-generational comparisons seems inappropriate to me.

04-09-2010 , 02:00 PM

#47

DPatty

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Great post as always Jiggs. Thanks for bringing to the forum.

04-09-2010 , 03:26 PM

#48

PKS Ace

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Join Date: Jan 2008 Posts: 634

Quote:

Originally Posted by Sholar

Then why is it ever considered appropriate look at the unemployment rate the government puts out? Obviously, there are a lot of factors that go into an economy that one variable cannot capture, but that doesn't mean some single variables don't correlate well with changing conditions. This could be an interesting figure to discuss as could any number of jobs related figures just as something like total hours worked could be interesting to examine although that wouldn't give you any demographic or wealth information either.