[url]http://www.reuters.com/article/2013/03/07/us-jobless-idUSBRE9260NS20130307[/url]
[quote](Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting a pick-up in the labor market recovery and the pace of economic growth.
[...]
Initial claims for state jobless aid fell 7,000 to a seasonally adjusted 340,000, the Labor Department said. It was the second straight weekly drop, and it confounded economists' expectations for a rise to 355,000. The four-week moving average for new claims, a better measure of labor market trends, fell 7,000 to 348,750 - the lowest level since March 2008.
[...]
According to a Reuters survey of economists, employers probably added 160,000 jobs last month, a small pick-up up from January's 157,000 count. That would just be enough to hold the jobless rate steady at 7.9 percent.
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There are a lot of stats in the article if you wanna read it all
[quote=Reuters]That would just be enough to hold the jobless rate steady at 7.9 percent.[/quote]
US Census Bureau said in July 2012 there was 313,914,040 people living in the United States. Even though I'm sure this percentage is much lower than the actual jobless rate, 7.9% is still ~24,800,000 out of work. If we held at a job gain of 160,000 a month, it would take 155 months to employ everyone, almost 13 years. That's not accounting for new workers, statistically shorter retirements, company layoffs, immigrants, or any other variables affecting the economy or labor market.
This shit's just a drop in the fucking bucket and a sure sign of a slow news day.
[QUOTE=MarstunoM;39833378]US Census Bureau said in July 2012 there was 313,914,040 people living in the United States. Even though I'm sure this percentage is much lower than the actual jobless rate, 7.9% is still ~24,800,000 out of work. If we held at a job gain of 160,000 a month, it would take 155 months to employ everyone, almost 13 years. That's not accounting for new workers, statistically shorter retirements, company layoffs, immigrants, or any other variables affecting the economy or labor market.
This shit's just a drop in the fucking bucket and a sure sign of a slow news day.[/QUOTE]
You're right. If you count [B]every single person in the united states, [I]including children, the elderly, and stay at home moms.[/I].[/B]
[QUOTE=MarstunoM;39833378]US Census Bureau said in July 2012 there was 313,914,040 people living in the United States. Even though I'm sure this percentage is much lower than the actual jobless rate, 7.9% is still ~24,800,000 out of work. If we held at a job gain of 160,000 a month, it would take 155 months to employ everyone, almost 13 years. That's not accounting for new workers, statistically shorter retirements, company layoffs, immigrants, or any other variables affecting the economy or labor market.
This shit's just a drop in the fucking bucket and a sure sign of a slow news day.[/QUOTE]
The unemployment rate only includes those able to work, not the total population.
[QUOTE=MarstunoM;39833378]US Census Bureau said in July 2012 there was 313,914,040 people living in the United States. Even though I'm sure this percentage is much lower than the actual jobless rate, 7.9% is still ~24,800,000 out of work. If we held at a job gain of 160,000 a month, it would take 155 months to employ everyone, almost 13 years. That's not accounting for new workers, statistically shorter retirements, company layoffs, immigrants, or any other variables affecting the economy or labor market.
This shit's just a drop in the fucking bucket and a sure sign of a slow news day.[/QUOTE]
The labor force is anyone 16 or older (15 in some states with work permits) who is eligible to work in the country. That does not include retirees, children, or, importantly, those who have left the labor force, i.e. those who are no longer looking for a job.
[QUOTE=Splash Attack;39833937]The unemployment rate only includes those able to work, not the total population.[/QUOTE]
The unemployment rate only looks at people who are looking for jobs.
If you stop looking for a job after a certain amount of time for any reason you aren't counted in the unemployment rate.
Discouraged workers aren't counted as unemployed.
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