richardhutnik said:
Allfreedom99 said:
There are a lot of factors that go into a jobs report and as others have said most people don't look at all those factors and therefore just get confused when jobs numbers come out each month.
A good factor of how the economy is doing I think is more the U-6 numbers which measures Unemployed, Underemployed part-time, and those marginally attached. That number remained completely unchanged from last month at 14.7%. That means that many job hires for this last month were for part time work. We actually saw in the jobs report that part time work ticked up a decent amount.
The average u-6 for this year has been around 14.7% and hasn't changed much. It has fluctuated from 15.1% to 14.5% all throughout this year. The highest that number has been was during the 2009 and 2010 years when it hit 17%. During these past few years this number has never been this high from what I can see since the BLS began measuring it. During the Bush years it averaged around 9%. During Clinton years it averaged around 8%.
This is why some people are skeptical of the official unemployment report, because it still feels bad to a lot of people who are either out of work or not working the amount they desire.
The economy is still in bad shape and it doesn't help that the impending taxmagedon is coming in Jan 2013, let alone Insurance premiums going up relating to Obamacare changes, and gas prices at the current rate of between $3.50, and $4.00. All those things continue to hinder job growth. Many businesses feel gridlocked about future costs and therefore hiring is still scarce. |
There is also the amount of debt floating about all over that sucks up any addition money flowing into the economy. With the amount of debt load all over being run for decades now, the economy has been running overstimulated.
Anyhow, just curious why the person starting the original post couldn't of just posted here:
http://gamrconnect.vgchartz.com/thread.php?id=148375&page=5#8
|
Well debt and just... savings.
People are smarter now then before the recession and they're saving up incase they get in trouble.
Then you've got loans... they still haven't fully unwound all the bad homeownership loans so banks only want to lend to people with great credit.
