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The Biden administration continues to make progress in steering the American economy towards recovery. Notably, early data shows that states that ended the pandemic-era jobless benefits early did not push more unemployed people to resume their job search. From the article:
Although many economists rejected claims that pandemic-era jobless benefits are keeping people comfortably at home and away from work, various states have cut the special programs ahead of the September deadline.
But that didn't move the needle much in June. Early data from states that ended those programs shows that didn't push workers to resume their job search, said Cailin Birch, global economist at The Economist Intelligence Unit, in emailed comments.
These numbers are encouraging. Having a competent administration at the helm is paying off, for all Americans. It is nice to celebrate July 4th with this in mind. Happy birthday America!
What a ****ing joke. People are returning to their jobs because the free money is running out. Pathetic you think this is great.
I never said that. I stated that those on UEI only counted if they actually looked for work. Everyone who takes about the 5.9% unemployment rate being good or bad, need to remember that it can be higher if more people had to look for work again. In several states, this has been the case.
A bigger story than the over performing jobs number is wage growth. Wages are rising for regular folks the fastest since the 1980s as the pandemic effects force employers to open their wallets and offer more attractive wages and benefits to lure and retain labor.
3 of the middle 4 got laid off. All others earned same wage (for ease of example).
Average wage = $32.50.
Guess what? That's why - in the chart from above link - wages actually spiked in April/May last year. And that's why wage growth suddenly became negative until the last couple of months.
Last edited by Eyebee Teepee; 07-03-2021 at 04:54 PM..
Job gains and increases in consumer confidence are part of a far left agenda. Somehow you worked in Marxism and open borders whatever that has to do with the economy.
The bottom line is that the extended unemployment helped people and there is no indication that the states that cut it short saw benefits.
I never said that. I stated that those on UEI only counted if they actually looked for work. Everyone who takes about the 5.9% unemployment rate being good or bad, need to remember that it can be higher if more people had to look for work again. In several states, this has been the case.
I honestly am bored at this point of this kind of misinformation posted all over this forum, but for the umpteenth time...
U3 has gone from 14.1% down to 5.9%
U6 has gone from 22% down to 9.9%
Your argument has no validity based on the BLS numbers. We are nearly at full employment, which is considered 5.2%. If people were staying home because of the supplemental unemployment, the numbers would not have dramatically dropped like this.
Quote:
Originally Posted by unlblkrubi
What a ****ing joke. People are returning to their jobs because the free money is running out. Pathetic you think this is great.
if the job numbers were ugly the poster would scream about how it was pathetic people were getting free money not to work.
This is true but I wouldn't if I was receiving enough money. I'm so over working and I say this as a person who is pretty much the opposite of lazy.
Quote:
Originally Posted by Mathguy
At the same time, there have been a whole bunch that spent a year paid to stay home and stopped paying rent entirely.
On a positive note, they have seriously gotten better at a variety of xbox games.
It's often the people that don't need to stay home I guess? I didn't mind my pandemic duties (they beat my regular job by miles) but I bet it would have been glorious for my mom and I to get paid to stay home. We'd probably be closer to relocating. Just the thought of it is sad.
This is true but I wouldn't if I was receiving enough money. I'm so over working and I say this as a person who is pretty much the opposite of lazy.
I don’t understand the equivalence people think exists here. The free money you are entitled to while not working (if any) is almost always a fraction of what you can earn at any sort of decent job. The only people content with free money from the gov are those content to remain poor, which I don’t think comprises most Americans.
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