Yea but if I'm reading that right actual unemployed is counting part-time workers as unemployed? If thats the case then I would argue that's not ACTUAL unemployed. And I cant tell when looking at previous years if part-time was factored in like it was for 2017. So if they're are counting part-time as unemployed for 2017 but arent for the previous years then that is gonna skew the data from historical analysis wouldn't it?
I just know my girlfriend, who is a baker, is on the books as "part-time" but she works 40 hours a week or more on a regular basis. Seems to be pretty standard practice in the food and bev industry from what I gather(being part time on the books but working 40 hours a week). I thought that shit was illegal and maybe it is... not sure how they are getting away with it. But anyway, wouldn't that mean the way that site parses the data that site she would be considered "actual unemployed?"
The unemployment numbers are concerning and I'm not not dismissing them. Just trying to understand them. Because while I see those numbers I also see that:
Assests per citizen has gone up, Savings Per Family has gone up, and personal debt per citizen has gone down.
So does this mean those that have jobs are doing better than they were 8 years ago? That's the way I interpret it, but I might be reading that wrong.
Interesting site though. Thanks for sharing.
No, part time is not counted as part of unemployed. They are in the part time category. Look at the actual unemployment rate. 14 million as opposed to the official unemployment. Here is the definition of actual unemployment.
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over
The thing that bothers me...the US workforce 152 million, in the year 2000 155 million.
Not in the labour force (basically not working, and not looking for work), 95 million. In the year 2000 79 million, so 14 million more people have given up looking for work.
Median income now 30K. In the year 2000 28K, so the average person is making 2K more a year.
Now the number of manufacturing jobs 12 million, in the year 2000 17 million. So in 17 years, we have lost 5 million manufacturing jobs.
Median new home 308K, and in the year 2000 161K.
So yes, there are people that are doing better than they were 17 years ago, and I am one of them. It took a career change to do it, but increased my income, have a house, and have hard assets, and a retirement. Not everyone is so lucky.
In 2000 17 million people on foodstamps......now 42 million.
Yep, what can I say, I am a numbers guy. I first found the debt clock about 8-10 years ago or so.
Yep....there are "weird" rules everywhere that are quasi legal. Take for instance Paramedics.....we are governed by the DOT (because we are on the highways) Truck drivers are not allowed to run for 24 hrs, Paramedics can (atleast as far as I know of) I quit AMR in 2007. So, the person that is transporting your milk......needs a good nights sleep, but the people that you call when your loved one is dead.....might have been up 12-24 hrs at that point. NOW, most services I know dont do 24's anymore, due to legal reasons (lack of sleep....etc) But I know of services that still do.
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