Infastructure Bill Signed, Now What

[esmith]

Weekly jobless claims plunge to 199,000, the lowest level since 1969 - The Washington Post

The number of Americans filing initial unemployment claims fell to 199,000 — the lowest level since November 1969 — the Labor Department reported Wednesday.

Claims were down more than 71,000 for the week that ended Nov. 20, compared with the week before. This marks the eighth straight week of declines and a pivotal shift, with claims now down well below pre-pandemic levels. In 2019, average weekly jobless claims hovered around 220,000.​

You do realize don't you that just because the jobless claims drops does not mean more people are working.?
Obviously not.

The nation's jobless claims are an extremely important indicator for a macroeconomic analysis. The monthly Bureau of Labor Statistics' Employment Report tracks how many new people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, it generally means fewer people have jobs, and vice versa.

Unemployment compensation is paid by the state to unemployed workers who have lost their jobs due to layoffs or retrenchment. It is meant to provide a source of income for jobless workers until they can find employment. In order to be eligible for unemployment compensation, specific criteria must be satisfied, such as having worked for a minimum stipulated period and actively looking for a job.

above from: Jobless Claims

 

[metis]

I know this will near totally depress the Pubs here, but it was announced that we have now the lowest unemployment rate since the 1960's.

Unemployment Lowest Since 1960s as Employers Add 136K Jobs | Economy | US News

Oh, I'm sure that some Pubs will still find some problem somewhere somehow.

 

[esmith]

I know this will near totally depress the Pubs here, but it was announced that we have now the lowest unemployment rate since the 1960's.

Unemployment Lowest Since 1960s as Employers Add 136K Jobs | Economy | US News

Oh, I'm sure that some Pubs will still find some problem somewhere somehow.

Sure will.
Repeat.....unemployment rate does not necessaryly mean that people are working. All it means is that there are less people filing for unemployment.
Open you eyes......businesses can not find workers.
See the post just above yours......well you can't because you probably have me on ignore because you can't handle the truth.

 

[SkepticThinker]

Sure will.
Repeat.....unemployment rate does not necessaryly mean that people are working. All it means is that there are less people filing for unemployment.
Open you eyes......businesses can not find workers.
See the post just above yours......well you can't because you probably have me on ignore because you can't handle the truth.

Businesses should try increasing their wages and maybe offering some benefits or something, if they're having that much of a hard time finding employees.
I mean, if you can't get any applicants, something is probably wrong with what you're doing.

 

[Koldo]

Sure will.
Repeat.....unemployment rate does not necessaryly mean that people are working. All it means is that there are less people filing for unemployment.
Open you eyes......businesses can not find workers.
See the post just above yours......well you can't because you probably have me on ignore because you can't handle the truth.

I don't see any problem in businesses not being able to find workers. That sounds awesome in principle.
It means they have to compete for workers, meaning better wages or working conditions without the need to increase the minimum wage through law. Sound just great.

 

[Twilight Hue]

It's funny how American conservatives seem to be against taxes and against taking up debt to finance necessary expenses.

I would be very keen to know how they imagine a government ought to pay its bills.

For starters..


Eliminate special interest and lobbying.

Focus on GDP instead of borrowing.

 

[Kooky]

For starters..


Eliminate special interest and lobbying.

And that's going to pay for roads, police stations and your medical how, exactly?

Focus on GDP instead of borrowing.

What is this even supposed to mean?
What does the gross domestic product have to do with budgeting public expenses?

 

[metis]

Businesses should try increasing their wages and maybe offering some benefits or something, if they're having that much of a hard time finding employees.
I mean, if you can't get any applicants, something is probably wrong with what you're doing.

Exactly, and now there is significant competition for those working for low wages to seek jobs in companies offering higher wages. Also, the issue of high costs for child & senior care is forcing people to look for higher-wage jobs.

My point is that millions of people have decided for one reason or another that their old job ain't worth returning to, thus they're either deciding to sit home and/or seek better ones. For some to say that this is the Biden administration's fault is all so childish, but what should we expect from those who get their "news" from the Fox Propaganda Channel.

 

[esmith]

Exactly, and now there is significant competition for those working for low wages to seek jobs in companies offering higher wages. Also, the issue of high costs for child & senior care is forcing people to look for higher-wage jobs.

My point is that millions of people have decided for one reason or another that their old job ain't worth returning to, thus they're either deciding to sit home and/or seek better ones. For some to say that this is the Biden administration's fault is all so childish, but what should we expect from those who get their "news" from the Fox Propaganda Channel.

It doesn't matter to the voters; if things are going bad in the county they will always blame the party in power.
Has always been that way and always will be.

 

[Jose Fly]

You do realize don't you that just because the jobless claims drops does not mean more people are working.?
Obviously not.

Not by itself, but when combined with the job creation numbers and drop in unemployment, it certainly does.

Jobs report November 2021: Employment roars back in October as payrolls rise by 531,000 (cnbc.com)

 

[Jose Fly]

I don't see any problem in businesses not being able to find workers. That sounds awesome in principle.
It means they have to compete for workers, meaning better wages or working conditions without the need to increase the minimum wage through law. Sound just great.

Like I said, it's a free market lovers dream!

 

[esmith]

Not by itself, but when combined with the job creation numbers and drop in unemployment, it certainly does.

Jobs report November 2021: Employment roars back in October as payrolls rise by 531,000 (cnbc.com)

But, where are the workers to fill these jobs.
Bloomberg - Are you a robot?

 

[Kooky]

It doesn't matter to the voters; if things are going bad in the county they will always blame the party in power.
Has always been that way and always will be.

Unless they find a group of people, typically ethnic or religious minorities, to offload the blame onto.

 

[esmith]

Unless they find a group of people, typically ethnic or religious minorities, to offload the blame onto.

Not when it comes to the national election

 

[Jose Fly]

But, where are the workers to fill these jobs.
Bloomberg - Are you a robot?

Um.....did you actually read the article? It answers the question you asked. The people who are "sitting out" of the job market right now are 1) not willing to work part time, 2) busy taking care of family, 3) changing careers, or 4) worried about COVID.

 

[Jose Fly]

Unless they find a group of people, typically ethnic or religious minorities, to offload the blame onto.

Yup, and it gets worse when a politician starts speaking to that, like when TFG warned "they're coming for the suburbs".

 

[esmith]

Um.....did you actually read the article? It answers the question you asked. The people who are "sitting out" of the job market right now are 1) not willing to work part time, 2) busy taking care of family, 3) changing careers, or 4) worried about COVID.

We'll see what the situation is next spring.

 

[metis]

Um.....did you actually read the article? It answers the question you asked. The people who are "sitting out" of the job market right now are 1) not willing to work part time, 2) busy taking care of family, 3) changing careers, or 4) worried about COVID.

Trump's base don't like nor want facts-- just revenge because their super-hero lost. The intelligent and honest Pubs have left or are leaving the Party of Ill Repute or wishing some sane and honest Pub will defeat him in the primaries if he chooses to run in 2024.

 

[Jose Fly]

Trump's base don't like nor want facts

Yup....most of my time interacting with conservatives these days consists of me saying "Actually, that's not true" and trying to show them a bit of reality. It usually doesn't go well.