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Unemployment rate in your area

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  • Unemployment rate in your area

    In a few places on the internet I've seen people complaining that others just won't take a job. That includes on some sites local to me. Yet I see that our most recent unemployment rate is 4.2%. Seems to me that 4% has often been a target rate for a healthy economy. Is the way unemployment rates are figured completely out of sync with the real unemployment/employment situation these days?

    Peculiarly, I have seen several new restaurants open on my side of the city in the last year and a half. Puzzling!

    What is the unemployment rate in your area?
    "There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid

    "It is easier to build strong children than to repair broken men." --Frederick Douglass

  • #2
    4.4% here in the upper left, last result I could find. That's a pretty good number.
    History will judge the complicit.

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    • #3
      Originally posted by Joan.of.the.Arch View Post
      In a few places on the internet I've seen people complaining that others just won't take a job. That includes on some sites local to me. Yet I see that our most recent unemployment rate is 4.2%. Seems to me that 4% has often been a target rate for a healthy economy. Is the way unemployment rates are figured completely out of sync with the real unemployment/employment situation these days?

      Peculiarly, I have seen several new restaurants open on my side of the city in the last year and a half. Puzzling!

      What is the unemployment rate in your area?
      I think the problem is that for the first time in a long time workers have more power and they finally are getting the raises they deserve. The federal minimum wage has not risen since 2009? That seems ridiculous that it's not tied at least to inflation. It seems crazy that we have everything getting more expensive but refuse to tie the minimum wage to it.
      LivingAlmostLarge Blog

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      • #4
        It looks like the rate in NJ is 7.2%. In my county, it is 8.4%.

        Lots of forces keeping those numbers up. A lot of businesses, large and small, shut down due to COVID. Childcare is also a huge problem, as we discussed in another recent thread. And many businesses that have reopened are still operating at reduced capacity and with reduced staff - restaurants, bars, hotels, casinos, gyms, theaters, etc.


        Steve

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        • #5
          U-3: 4.6% down from a high of 14.2% in April 2020 and 8.0% one year ago.
          U-6: probably around 8.2% if the 3.6% national spread is true in my county

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          • #6
            7.5%

            I don't know any details on that figure.
            It's just raw data
            Brian

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            • #7
              5.5%. Thankfully, all members of the blanco family are gainfully employed .
              “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

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