Labor Participation Rate

[Nbadan]

When you account for the U6 rate, the underemployed and part-time employed numbers, you get an unemployment rate of 15% peaking at just under 20% after the Bush recession


Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

[Wild Cobra]

Dan...

It's still only about a 12% net change, so saying a group caused 20% is ridiculous.

I do find it highly coincidental that unemployment was going down, until democrats won the majority in 2006...

[Nbadan]

It's still only about a 12% net change, so saying a group caused 20% is ridiculous.

I never claimed it to be 20%, that's ludicrous, I said 20 million people lost jobs during the Bush Recession..

[Wild Cobra]

I never claimed it to be 20%, that's ludicrous, I said 20 million people lost jobs during the Bush Recession..

OK, I stand corrected on that. Still, doesn't U6 cover more than just unemployed who want jobs?

[Nbadan]

Still, doesn't U6 cover more than just unemployed who want jobs?

The U6 covers the underemployed and part-time workers who want a full time job but don't..it's the figure regularly thrown around by conservative commentators...as I posted before, some of these workers could be working as few as one hour and be considered employed by the U3.....

[Wild Cobra]

The U6 covers the underemployed and part-time workers who want a full time job but don't..it's the figure regularly thrown around by conservative commentators...as I posted before, some of these workers could be working as few as one hour and be considered employed by the U3.....

Good.

I see you now acknowledge your comment, "20 million people lost their jobs," as a lie or deception.