marigoldsGainfully employed, finallyPremium,MVM
Saint Louis, MO
|reply to pnh102 |
Re: in the back pocket
The government tracks part-time versus full-time employment. And that is the underemployment stat to be concerned about as it is a leading indicator to recession or stagnation.
More importantly, that stat is not dependent on the skill set of the employed person so it is not nearly as subjective. Instead, it is dependent on whether or not the person is seeking full-time work (still somewhat subjective, but no less subjective than whether or not a person is actively seeking employment).
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Geographic Information Science researcher
Well if we look at the current figures it should paint a picture. 5 Percent average unemployment (which I think is much higher, but let's take their data). 12-14 percent Poverty level. CIA world factbook quota 4.8 unemployment so I think its only fair to add about 1 percent to the poverty level to reflect a .2 percent jump. I figure .2 percent increase on 4.8-5 = 1 percent so thats how I figure at least 13 percent on the poverty. Anyhow, not a good picture that gets painted.