Thank you, I was going to write the same thing. People don't understand these numbers, they just listen to a news blurb and run with it. The UE rate is said to be at a 6.7%, but no one looks at what that number covers- first time applications for UE benefits. The real number is found if the U6 UE number- 12.3%. That's all the people drawing benefits and those who are long term unemployed- the people the U3 doesn't count.
As far as the Labor Participation rate, yes we have approximately 91 million working age people are not working. That's about 61% of the work force, over 1/3 of our working age population and that's right from the BLS. Whats even more disturbing is that going back to 1984 the number rarely goes above 67%! That's everyone from 16 to 65 who could be working. The numbers are confusing though because the stats state that that number is supposed to be made up of those working or actively seeking work, not those retired, students, on welfare, stay at homes or those who have given up looking for work. I don't know why the the Labor Participation rate and U6 UE rate don't match up. In my mind it seems they should. I also don't know where those on disability, 80 million plus Americans, fit in the scheme. All I know is there are a LOT of people not working or at least not reporting they are working.
As far as todays young workforce, it's been that way for a long time. They don't care, as a group. It's just a job to get by until they either win the Lotto or get that magic bean that will put them in a CEO's position, one with a huge paycheck but no responsibility. We used to call people like that "dreamers", it was fairly common years back, now it's just the norm.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
