Re: U.S. Unemployment Rate Slides in August


El Castor a écrit :

Islander <nospam@xxxxxxxxxxx> wrote:

<Snip>

Islander, why do I have the uneasy feeling that as long as a
Republican occupies the White House, no news will be good news? If the
economy grows, the growth isn't redistributed to suit you. If new jobs
are created, you don't like the new jobs that are created.

Let`s concentrate on the US.

The expression "jobless recovery" was introduced several years ago
to describe the fact that the "participation" rate remains at the
bottom
of the curve and has not improved.

This statistic can be obtained at

http://www.bls.gov/webapps/legacy/cpsatab1.htm

If you then check "participation rate" for seasonably
adjusted and "retrieve the data you will find
the August participation rate at 66.2. It was 66.2
a year ago and in fact the lowest figure is 65.8
during this recovery period. If you check
the box for the figure you will obtain a graphical
representation of same. This shows that the
participation rate is essentially unchanged.

Conclusion: the nation is still in a jobless recovery
period.

Likewise, average hourly incomes, inflation corrected
(1982 dollars) stood at $8.17/hour in July 2006 still moving
downwards from their $8.31 high of Nov 2003 and well
below their $9.08 historical high in January 1973.

http://www.bls.gov/webapps/legacy/cesbtab4.htm

30 years of progress?

.

Relevant Pages

  • Re: How rapidly will the Unemployment figures drop?
    ... referred to as the jobless recovery. ... I pushed the issue of the "participation rate" on this group ... I don't know even now if Jeff can discuss the participation ... When you hit the bumps you go up, ...
    (soc.retirement)
  • Re: How rapidly will the Unemployment figures drop?
    ... Even the recovery under Bush in the early 2000 has been ... referred to as the jobless recovery. ... I pushed the issue of the "participation rate" on this group ... I don't know even now if Jeff can discuss the participation ...
    (soc.retirement)