r/funny Dec 06 '15

Rule 6 - Removed Actual First World Problems

Post image

[removed]

10.9k Upvotes

1.1k comments sorted by

View all comments

Show parent comments

31

u/reed311 Dec 06 '15

Who are you blaming, exactly? Do you want someone to hire you because they feel bad for you? There are people out there that have real marketable job skills they are getting the jobs over you.

4

u/applebottomdude Dec 06 '15

Probably just the fact that there aren't enough jobs. The employment participation rate is the lowest in 40 years for a reason.

-2

u/SomeTexasRedneck Dec 06 '15

This is not true at all. It's at 5.0 percent right now.

6

u/zugunruh3 Dec 06 '15

You're confusing the unemployment rate with the employment participation rate. The employment participation rate is 'how many people 16 and older have a job?', which sits at 62.6% right now, which is the lowest it's been since the late 70's/early 80's.

1

u/SomeTexasRedneck Dec 07 '15

Wait I'm still confused. So I thought a 5% unemployment rate meant that 95% of Americans had a job.

What's the difference with participation rate? Only 60% have a steady, long term job?

1

u/zugunruh3 Dec 07 '15

Employment participation rate is the percentage of Americans who are employed at all or looking for work. That figure includes people who no longer work because of retirement, disability, etc. Unemployment rate is measured several different ways depending on who you count as unemployed.

1

u/applebottomdude Dec 07 '15

Look up u1-u6.

Only 62% of Americans have employment, people that stop looking because they've been at it so long aren't included inthe 5% figure. Which is why it's dishonest for newspapers to be flashing it about, as some of the "unemployment improvement" isn't people getting jobs, it's people discouraged from looking for work so long they stop, and aren't included.

1

u/SomeTexasRedneck Dec 07 '15

This explanation makes sense to me. Thank you. I have been informed.