August 7, 2019 7:20 pm at 7:20 pm #1771362
The title speaks for itself
What is the optimal unemployment rate?August 7, 2019 9:54 pm at 9:54 pm #1771416
The only way to achieve a 0% unemployment rate is with bad employment.August 8, 2019 7:12 am at 7:12 am #1771446Sam KleinParticipant
Do you think this will or can ever happen?
Do you think the IRS unemployment department will ever have no one currently enlisted as losing their job or never found a job? And collecting unemployment?
Yes or no, good or bad you ask?
If every single American was blessed to be employed with a job making a living then this beautiful bracha from Hashem of support and livlihood would turn negative of thousands of job positions staying empty with no one taking them since everyone is Boruch Hashem employed. And pay raises would go up since everyone is desperate for employeesAugust 8, 2019 7:14 am at 7:14 am #1771455LightbriteParticipant
A 0% unemployment rate doesn’t account for unemployed people not currently seeking employment. These unemployed people may have given up.August 8, 2019 1:31 pm at 1:31 pm #1771565
If you think it’s a bad thing, you are a terrible person.August 8, 2019 2:06 pm at 2:06 pm #1771668
No I don’t, I was just wondering
And your comment that jobs will be empty was exactly what I was thinking which led to my second question
What is the optimal unemployment rate since it’s not 0
So now if you take sam’s point those people not looking for work (due to feeling hopeless will get those open jobs
PossiblyAugust 8, 2019 2:06 pm at 2:06 pm #1771663anonymous JewParticipant
A 0% can be bad and 10% can be good.
The unemployment rate simply is a measure of people seeking employment. If there are 3,000,000 without jobs but are no longer looking for work, the unemployment rate would be zero, and not good.
If the economy picked up, jobs were being created and all 3,000,000 went back into the job market, the rate would be higher, but that be goodAugust 8, 2019 2:06 pm at 2:06 pm #1771665akupermaParticipant
Very low unemployment means employers have to raise wages to attract workers, which causes inflation and may force some business to close. It also makes it hard for the economy to grow since expansion requires workers. A factor in the US is Trump;s anti-immigration policy which deprives the economy of cheap labor. A serious problem is that the US is now in the period of the “boomers” (born 1946 and onwards) quitting the job markets, and the boomers turned out as a group (frum community excepted) to have been total failures at producing a new generation, dooming the US to a prolonged period of economic decline unless something can be taken to make up for the babies the boomers didn’t have (e.g. robots, immigrants, coercing people to work well beyond retirement age, etc. – note that the Europeans and East Asians have the same problem, suggesting it won’t be the Russians, Chinese or EU that ends up stealing our lunch).August 8, 2019 3:02 pm at 3:02 pm #1771685
Really?August 8, 2019 4:43 pm at 4:43 pm #1771751
Slavery can lead to 0% unemployment.August 8, 2019 4:43 pm at 4:43 pm #1771760
If you think it’s healthy for parts of the population to go hungry because giving them a livelihood MIGHT affect the general cost of living in the country, you are a terrible person.August 8, 2019 4:50 pm at 4:50 pm #1771772
A person who quits his job to look for a new one is unemployed, even if he only quit because he expects to have enough money to last until he finds his next job.August 8, 2019 5:51 pm at 5:51 pm #1771808
“If you think it’s healthy for parts of the population to go hungry because giving them a livelihood MIGHT affect the general cost of living in the country, you are a terrible person.“
If the unemployment rate is 0% that means people won’t be hungry, conversely if the unemployment is more than 0 that means that they will go hungry?
Do you know government benefits give more to people that don’t work than minimum wage jobs (through different programs)
I’m not advocating for it I’m just saying, just because someone has a minimum wage job doesn’t mean he won’t go hungryAugust 8, 2019 6:32 pm at 6:32 pm #1771852anonymous JewParticipant
Akuperma , you’ve bought the media kool-ade
Trump is not anti-immigrant, he is against Illegal immigration. He’s very much in favor of merit based immigration, people who have skills to offerAugust 8, 2019 10:36 pm at 10:36 pm #1771900
“If the unemployment rate is 0% that means people won’t be hungry”
I never said that. But, if the unemployment rate is anything other than 0, then people are in need of income that they don’t have. I think it’s pretty logical to assume that would eventually lead to inability to afford basic necessities.August 9, 2019 12:41 am at 12:41 am #1771911
The unemployment rate includes couples looking for a second income in order to upgrade their lifestyle.
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