Unemployment at 50 year low

[538Electoral]

Discuss.

[Sumner 1868]

People give up looking for jobs in a shrinking workforce. Not exactly a big shock.

[jaichind]

SA adjusted Labor Force Participation rate for 25-54 year olds hits 82.8 which is the highest since 2009 is more critical in my eyes.

[Frodo]

Yet wages remain stagnant:

For most U.S. workers, real wages have barely budged in decades

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I was actually just reading a great little article about how it is that in such a superficially great economy so many people's lives aren't improving.

[Intell]

Unemployment is a sh**t statistic especially in recent years.

[Amenhotep Bakari-Sellers]

There is still the working poor whom have little to no housing and are in tents in California. People migrate to Cali due to more jobs, but in SF and LA, all the low income housing is taken, too many people. Which continues the cycle.

That's why Dems can win this election, but as Bloomberg said it, they risk losing it by going with another Clintonian candidate in Biden instead of Bernie, who is the only candidate left as opposition to Biden

[Beet]

The last time the unemployment rate was this low (Nov. 1968), the incumbent president had decided not to run again due to his own unpopularity, and his successor lost. Not to say that will happen in 2020, but never underestimate Trump's ability to mess it up.

[Amenhotep Bakari-Sellers]

In 1968-1998 Housing cost kept up with wages, low income housing werent saturated and the growth of middle class has expanded. Now, low income housing is oversaturated that's why Congress wont open up Section 8 housing any longer


Mostly immigrants have oversaturated the public markets, with Mexico

[Person Man]

The last time the unemployment rate was this low (Nov. 1968), the incumbent president had decided not to run again due to his own unpopularity, and his successor lost. Not to say that will happen in 2020, but never underestimate Trump's ability to mess it up.

Or the democrats.

Maybe there is a method to the madness. Maybe the mid-cyclic tax cut had a way to hold over the economy during a trade war and managers are pricing in a trade war victory.  That's my current theory.

I don't think letting companies to just do whatever they want in terms of creating monopolies or polluting really has helped that much. The regulations were at least creating the jobs needed to necessitate them and were ironically lowering barriers to entry.

 The other possible reality is what Bernanke and Yellin did by giving free money to banks. Banks can't just make money doing nothing anymore and all the rich people have to take more risks to keep up their lifestyles and nest eggs.

Of course reducing uninsuredness by a third has probably bolstered investment in insurance and hospitals and they in turn have hired more people. Especially with middle class people now living to 90 or 100 and poor people needing help getting over drugs.
 


Basically there is this sugar rush caused by massive corruption, if you want to be super cynical. No one cares about the trade war because of all the free money the corruption is creating.


Of course if Trump's imperial business ambitious go the way of his military and other diplomatic missions had, we are pretty much done for a while.

[Amenhotep Bakari-Sellers]

Unemployment is at an all time low, but just like Oprah Winfrey says, it's always been 5% due to 30-50 million unemployed or underemployed/known as the working poor; consequently, birth rate among teen girls are low and abortion rate are low, due to minimum wage not catching up with housing costs; whereas, in the 70s, 80s and 90s, there was community living and projects, that took housing costs way down for families