Private Payrolls Rose by 344,000 in November, Beating Expectations

grasping the after wind

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Nobody wants to work!
(Unemployment at 4.2%, the slackers!)

There were 4.2% of people willing to work that did not find jobs in November. How many people were unwilling to work and could therefore be called slackers cannot be determined in any way by the unemployment rate.
 
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grasping the after wind

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I see an awful lot of things being a claimed about additions to payroll in this thread. They seem to contradict each other. If there is a reasonable explanation for these claims differing (say for instance they are measuring different things?) I would gladly be made aware of it.
 
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Pommer

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There were 4.2% of people willing to work that did not find jobs in November. How many people were unwilling to work and could therefore be called slackers cannot be determined in any way by the unemployment rate.
In any society of note there will be people who, for one reason or another, do not seek outside employment. That’s a given. The “labor participation rate” (post #29), stands at 61.8%; those who are seeking a job are about 6M.
 

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cow451

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Getting back to topic, there are parents that found they could get by with one as a Stay at Home. There are people that have started or expanded side gigs which is better than working in low wage low satisfaction jobs. And a bunch of people retired, became disabled or died.

It’s interesting how some conservatives whine about what close to “full employment “.
 
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TLK Valentine

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Getting back to topic, there are parents that found they could get by with one as a Stay at Home. There are people that have started or expanded side gigs which is better than working in low wage low satisfaction jobs. And a bunch of people retired, became disabled or died.

It’s interesting how some conservatives whine about what close to “full employment “.

It's like they don't understand that when a Democrat government succeeds, it helps them as well...
 
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Hammster

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Thanks. The fact that we are somehow discussing me and not the numbers tells me that I keep striking nerves.
Even the ratings help prove it.
 
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SimplyMe

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Thanks. The fact that we are somehow discussing me and not the numbers tells me that I keep striking nerves.

The only nerve you struck is the one where people don't like hypocrisy. Again, I remember in 2016 Trump repeatedly talking about the "real unemployment rate" and that it was near 20%. Oddly, after Trump was in office that talk disappeared completely and Trump openly bragged about the low unemployment rate, that was not much lower than Obama's rates -- and never brought up that the "true unemployment rate" would still have been near 20% (if that statistic was actually true).

The same was repeated here by Trump supporters, claims in 2016 about the "real unemployment rate" and in 2017 of how low unemployment was -- ignoring the claims that something like 15% were unemployed but not included in the official statistics. Now, suddenly a Democrat is in office again, with low unemployment rates, and we hear yelling about the "real unemployment rate." You seem to have admitted that you are using this as a political talking point, and not out of any real concern that the unemployment rate is actually higher than claimed.

It is also interesting that you never provided any support for asking the question, even as you've been challenged for asking it. Instead, you have tried to make it about you, not anyone else -- my original comment was a general one about Trump supporters and you have pushed me to try and apply it to you in your subsequent responses.

The fact is, what we are hearing tends to support that the official unemployment rate is actually relatively close to the "real" unemployment rate. What we know is that not only is the unemployment rate low but we have business owners who are talking about having to lower the job qualifications in order to find people to hire. From what I've seen, the US is near "full employment" (as economists calculate it), just like the official numbers would indicate.
 
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Hammster

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The only nerve you struck is the one where people don't like hypocrisy. Again, I remember in 2016 Trump repeatedly talking about the "real unemployment rate" and that it was near 20%. Oddly, after Trump was in office that talk disappeared completely and Trump openly bragged about the low unemployment rate, that was not much lower than Obama's rates -- and never brought up that the "true unemployment rate" would still have been near 20% (if that statistic was actually true).

The same was repeated here by Trump supporters, claims in 2016 about the "real unemployment rate" and in 2017 of how low unemployment was -- ignoring the claims that something like 15% were unemployed but not included in the official statistics. Now, suddenly a Democrat is in office again, with low unemployment rates, and we hear yelling about the "real unemployment rate." You seem to have admitted that you are using this as a political talking point, and not out of any real concern that the unemployment rate is actually higher than claimed.

It is also interesting that you never provided any support for asking the question, even as you've been challenged for asking it. Instead, you have tried to make it about you, not anyone else -- my original comment was a general one about Trump supporters and you have pushed me to try and apply it to you in your subsequent responses.

The fact is, what we are hearing tends to support that the official unemployment rate is actually relatively close to the "real" unemployment rate. What we know is that not only is the unemployment rate low but we have business owners who are talking about having to lower the job qualifications in order to find people to hire. From what I've seen, the US is near "full employment" (as economists calculate it), just like the official numbers would indicate.
Do you know how many threads about Obama and Trump I didn't comment on? I’d say easily 99%. So there’s no hypocrisy. I just had other things going on at the time.
 
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