Since 1948
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Lowest unemployment and lowest productivity.
More people are doing less work!!! LOL
When I was first in Indonesia, I was amazed at the number of people in the "department store" (small town so not a very big store.
There was one person who would kind of follow you around while you shopped and when you picked an item, they would carry it for you up to the cashier who would ring you up. That person would then give it to another person who would put it in a bag for you.
In talking with one of the local officials about it, they knew it was not the best, but figured it would be better to have 3 people semi employed rather than one person fully employed and 2 people unemployed LOL
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The unemployment numbers may or may not be accurate.
What do you think?“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in Since 1948:
The unemployment numbers may or may not be accurate.
What do you think?Have you tried hiring recently?
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Depends on what you are hiring for.
A few things...
- I know multiple couples who found out during the pandemic it was actually cheaper to let one spouse stay home and take care of childcare, etc.
- I know multiple couples where one spouse took a part-time job and will not be seeking FT employment.I
- I think many folks on the poverty borderline have decided government benefits outweigh any $10 or $12 per hour job. Until the benefits get cut or the money goes up, I don't think they are going back to work.
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Going back to the original topic starter...Productivity is down. Looks like inflation is not going away.
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Going back to the original topic starter...Productivity is down. Looks like inflation is not going away.
@Jolly said in Since 1948:
Going back to the original topic starter...Productivity is down. Looks like inflation is not going away.
Yeah, we're in the shit alright.
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@Jolly said in Since 1948:
The unemployment numbers may or may not be accurate.
What do you think?I think they are accurate using the way they are measured. My understand is that the rate is based on people who are looking for a job and cannot find one.
If a person is not looking, then they would not be counted as unemployed.
As long as the measurement is the same as has been used in the past, then I do believe it is giving an accurate comparison (of people looking for a job).
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I think the actual number is about twice that of the official number.
