Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

progree

(10,909 posts)

28. Yup, I agree. Today's report is yet another in a series of "horrible but not as horrible as

Reply to maddogesq (Reply #26)

Fri Aug 7, 2020, 01:21 PM

Aug 2020

Last edited Fri Aug 7, 2020, 01:54 PM - Edit history (1)

expected" stream of economic "good news" reports.

It was me who pointed out that the U-6 counts only people who have actively sought work in the last 12 months -- if it's been any longer than 12 months, then they aren't counted in any BLS unemployment statistic (#15).

Also the 32.1 million continuing claims (#13).

Edit history

Please sign in to view edit histories.

28 replies

= new reply since forum marked as read

Highlight:

Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2% [View all] mahatmakanejeeves Aug 2020 OP

LINKS TO SOME BLS DATA SERIES NUMBERS AND GRAPHS progree Aug 2020 #1

As your economic gloom and doom Dawg... maddogesq Aug 2020 #26

Yup, I agree. Today's report is yet another in a series of "horrible but not as horrible as progree Aug 2020 #28

Beat me by a few seconds! BumRushDaShow Aug 2020 #2

Oh, sorry. I was waiting for you, but I didn't see you. Next month.... mahatmakanejeeves Aug 2020 #4

That's 'cause I was trying to see if WaPo had any more than those initial 2 paragraphs BumRushDaShow Aug 2020 #6

Nope. I don't get it ahead of time. I don't see it until 8:30 a.m. NT mahatmakanejeeves Aug 2020 #8

Right but you still had to copy all that for the post! BumRushDaShow Aug 2020 #14

I wish that the BLS would go back to the old way of doing things. mahatmakanejeeves Aug 2020 #18

16.3 million unemployed but 32.1 million continuing claims for unemployment benefits progree Aug 2020 #13

"Will be interesting if the fucking worthless media ever tackles this one." BumRushDaShow Aug 2020 #16

The thing is, the BLS 16.3 million is just a household survey where they ask a question about how progree Aug 2020 #19

From what I gather BumRushDaShow Aug 2020 #22

I'd be relieved to see the DOL tackle this one. mahatmakanejeeves Aug 2020 #21

Links to earlier reports: mahatmakanejeeves Aug 2020 #3

Good news. So much for disincentive to work huh? underpants Aug 2020 #5

Not really. 10% UE is really bad. Yavin4 Aug 2020 #20

Yeah I know. underpants Aug 2020 #23

I'm assuming this throws water on the $600 durablend Aug 2020 #7

Actually no ..... Iliyah Aug 2020 #11

Wait until conditions of accepting government PPP loans have expired... Freethinker65 Aug 2020 #9

Saving the banks and elites by printing money and buying financial assets bucolic_frolic Aug 2020 #10

U.S. adds 1.8 million jobs in July as hiring slows after fresh coronavirus outbreak UpInArms Aug 2020 #12

The U-6 rate only includes those who have looked for work in the past 12 months progree Aug 2020 #15

Forgive me... SergeStorms Aug 2020 #17

One surprising thing is they compare a lot of their stats to the February levels progree Aug 2020 #24

There's no need to search. See the third reply. mahatmakanejeeves Aug 2020 #25

Thanks! Oh, I know, I was searching on "February" in your OP to find all the times they reference progree Aug 2020 #27