unemployment rate vs real unemployment rate

[vindicatorx]

learned all this years ago when I did a report on unemployment in an Econ class.

[someotherguy]

learned all this years ago when I did a report on unemployment in an Econ class.

OP here,

was this a college class?

I took economics class in 12'th grade of school, but we didn't learn it - we concentrated on stock market, and not much else.
In college, I did computer science BS, economics was not a requirement and I haven't taken it.

My assumption is that most people don't know this. I assume so because even though I watch a lot of tv, don't really remember them explaining that 'real unemployment' refers to 'U6', also didn't know that 'real unemployment' includes part-time workers.

[Lefthandpath]

2008

nope 2006 is when the republicans lost their filibuster-proof house and senate. as much as we "try" to pretend that our president is a supreme leader/dictator/king/scapegoat for everything bad or good thats happened, the REAL power lies in congress. the pres is just a "tie-breaker" of sorts.

[Thes]

I never understood this... why being overqualified, on its own, is a bad thing.

I can see overqualified in the sense that they would expect more pay, but if they agree to the same terms as everyone else, why deny them a job?

Someone already said it but if you have (for example) a BASc or higher degree, no one expects you to build iPhones (or something else) in a factory for more than a month while you look for a better paying jobs.

What's even worse, if you indeed do take such a job, some employers might down look you for doing something a monkey could do. It might be a good idea to leave that out of your CV, depending on the case.

[Seegtease]

A few months ago, I lost out on the position because the person hiring wanted someone that viewed it as a career rather than a stepping stone. The irritating part was that I really did view it as a long term career, but my degree alone gave the impression that I'd regard it as just one step on the way to a pay day.

(My employment is fine, this is an example of not being able to go to a job that some would perceive as lower social status)

Seeing as training people is a pain in the butt, that makes a lot of sense. At the same time, we're at a point where we NEED help, and would hire anyone who was qualified for the job. People aren't even trying, and the ones that are, aren't cut out for the job (you'd be amazed how many people can't even make themselves presentable enough to earn a short-order cook job).

Our last application had grease, a coffee stain, and a shoeprint on it.

[Spectral]

Seeing as training people is a pain in the butt, that makes a lot of sense. At the same time, we're at a point where we NEED help, and would hire anyone who was qualified for the job. People aren't even trying, and the ones that are, aren't cut out for the job (you'd be amazed how many people can't even make themselves presentable enough to earn a short-order cook job).

Our last application had grease, a coffee stain, and a shoeprint on it.

Yeah, the position I was looking at wasn't something that was a quick training thing where you just need someone reasonably competent. I don't think I should get into the details on the specifics, but the position essentially requires a Master's degree, and I have a Ph.D. I would have thought that'd give me "extra credit" as I'm more qualified and capable when it comes to scientific evaluation than someone with an M.S., but like I said, they were suspicious of me being there for maybe 2-3 years and leaving when they're looking for someone that'll be around for more like 5-10 years. They might not even be wrong, I suppose.

[Ateup]

The problem with the government's numbers is they stop counting the unemployed after a year has gone by. Which would be the U6 unemployed.

http://www.shadowstats.com/

[Seegtease]

Yeah, the position I was looking at wasn't something that was a quick training thing where you just need someone reasonably competent. I don't think I should get into the details on the specifics, but the position essentially requires a Master's degree, and I have a Ph.D. I would have thought that'd give me "extra credit" as I'm more qualified and capable when it comes to scientific evaluation than someone with an M.S., but like I said, they were suspicious of me being there for maybe 2-3 years and leaving when they're looking for someone that'll be around for more like 5-10 years. They might not even be wrong, I suppose.

I guess you should make your intents extra clear that you plan on staying there for quite some time. As sincerely as possible, of course, since they're obviously going to assume people are just saying that.

I'd think being a little bit overqualified should be okay (as is your case) but if the job had much lower requirements, I could understand the risk for the employer.

[aekya]

Why do people always correlate a president to unemployment rates? they are (mostly) unrelated.

What creates demand, thus jobs, are other normal people.
Those people can only create demand if they have money to spend.
Cuts in payment and global economy downfall lowers consumer power, thus lowering demand, thus lowering amount of jobs available.

In general it takes several years for the effects of a downfall to be felt, current unemployment has nothing to do with current president (which is obama right now), it has to do with what happened in the past 10 years (which was bush).

It will take also near to a decade to recover, assuming we are on the path to recovery, you could have Clown Bob as president right now and nothing would be different, the impact the president has is quite low, unless more drastic measures and/or a big fuckup, which at the time were/still are palestinian and iraqi wars, taking a huge toll on US economy.

In fact, the people responsible for economic breakdowns are primarily banks, and secondarily speculators.

And that is why there is so much hate towards Moody from spain, portugal and greece, the countries were fine until their "rates" (who the fuck comes up with that anyway) were lowered, which made investors pull out, created economic panic and destabilized everything.
The economy is in many not-so-reliable hands, but it is not in the presidents hands (for the best or worst)

[Ateup]

Why do people always correlate a president to unemployment rates? they are (mostly) unrelated.

It's too bad that so many people actually believe that the government 'creates' jobs.

[Spectral]

The problem with the government's numbers is they stop counting the unemployed after a year has gone by. Which would be the U6 unemployed.

http://www.shadowstats.com/

Shadow stats is an absolute joke, referencing it isn't really a great idea. On the other hand, looking at the inflation numbers is mildly hilarious.

[Ateup]

Shadow stats is an absolute joke, referencing it isn't really a great idea. On the other hand, looking at the inflation numbers is mildly hilarious.

How enlightening.