Detroit’s Unemployment Rate Is Nearly 50%

[NeetaT]

“the actual jobless rate, they say, is closer to 50 percent”

It is not!!!!!

[EconProf]

The government definition of “unemployed” is out of work and looking for work.
This definition must stay constant for the measurement to meaningful over time.
It would be wrong to suddenly include the part-timers wanting to be full-timers, or those working below their capacity (think sociology majors working at Starbucks), or discouraged workers who are no longer looking for work.
So the government is not trying to hide anything when they quote unemployment figures. They are just being consistent, so let’s not blame them.
BTW, the broader definitions of unemployment are also made available for those who dig for it.

[EconProf]

The government definition of “unemployed” is out of work and looking for work.
This definition must stay constant for the measurement to meaningful over time.
It would be wrong to suddenly include the part-timers wanting to be full-timers, or those working below their capacity (think sociology majors working at Starbucks), or discouraged workers who are no longer looking for work.
So the government is not trying to hide anything when they quote unemployment figures. They are just being consistent, so let’s not blame them.
BTW, the broader definitions of unemployment are also made available for those who dig for it.

[EconProf]

The government definition of “unemployed” is out of work and looking for work.
This definition must stay constant for the measurement to meaningful over time.
It would be wrong to suddenly include the part-timers wanting to be full-timers, or those working below their capacity (think sociology majors working at Starbucks), or discouraged workers who are no longer looking for work.
So the government is not trying to hide anything when they quote unemployment figures. They are just being consistent, so let’s not blame them.
BTW, the broader definitions of unemployment are also made available for those who dig for it.

[EconProf]

The government definition of “unemployed” is out of work and looking for work.
This definition must stay constant for the measurement to meaningful over time.
It would be wrong to suddenly include the part-timers wanting to be full-timers, or those working below their capacity (think sociology majors working at Starbucks), or discouraged workers who are no longer looking for work.
So the government is not trying to hide anything when they quote unemployment figures. They are just being consistent, so let’s not blame them.
BTW, the broader definitions of unemployment are also made available for those who dig for it.

[EconProf]

The government definition of “unemployed” is out of work and looking for work.
This definition must stay constant for the measurement to meaningful over time.
It would be wrong to suddenly include the part-timers wanting to be full-timers, or those working below their capacity (think sociology majors working at Starbucks), or discouraged workers who are no longer looking for work.
So the government is not trying to hide anything when they quote unemployment figures. They are just being consistent, so let’s not blame them.
BTW, the broader definitions of unemployment are also made available for those who dig for it.

[werewolf34]

The joke used to be “Michigan – home of the one-state recession.”

Not very funny anymore…

Let’s blame Republicans or Democrats b/c it’s their fault not the fact people used their homes like ATMS to buy skiboats and cadillacs and other necessary items.

[werewolf34]

The joke used to be “Michigan – home of the one-state recession.”

Not very funny anymore…

Let’s blame Republicans or Democrats b/c it’s their fault not the fact people used their homes like ATMS to buy skiboats and cadillacs and other necessary items.

[werewolf34]

The joke used to be “Michigan – home of the one-state recession.”

Not very funny anymore…

Let’s blame Republicans or Democrats b/c it’s their fault not the fact people used their homes like ATMS to buy skiboats and cadillacs and other necessary items.

[werewolf34]

The joke used to be “Michigan – home of the one-state recession.”

Not very funny anymore…

Let’s blame Republicans or Democrats b/c it’s their fault not the fact people used their homes like ATMS to buy skiboats and cadillacs and other necessary items.

[werewolf34]

The joke used to be “Michigan – home of the one-state recession.”

Not very funny anymore…

Let’s blame Republicans or Democrats b/c it’s their fault not the fact people used their homes like ATMS to buy skiboats and cadillacs and other necessary items.

[svelte]

[quote=Casca]Detroit is the posterchild for what the Dems/left want to do to America. [/quote]

San Francisco County has 273K registered Democrats and 66K registered Republicans.

The main street of SF looks nothing like the main street of Detroit.

[svelte]

[quote=Casca]Detroit is the posterchild for what the Dems/left want to do to America. [/quote]

San Francisco County has 273K registered Democrats and 66K registered Republicans.

The main street of SF looks nothing like the main street of Detroit.

[svelte]

[quote=Casca]Detroit is the posterchild for what the Dems/left want to do to America. [/quote]

San Francisco County has 273K registered Democrats and 66K registered Republicans.

The main street of SF looks nothing like the main street of Detroit.

[svelte]

[quote=Casca]Detroit is the posterchild for what the Dems/left want to do to America. [/quote]

San Francisco County has 273K registered Democrats and 66K registered Republicans.

The main street of SF looks nothing like the main street of Detroit.

[Author]

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