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Record Low Unemployment In Calif Despite State Gov't

Calif unemployment

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#1 Who_Do_You_Trust

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Posted 20 January 2018 - 05:06 PM

In December, California posted a record low unemployment rate of 4.3%.  This is the lowest since the state began collecting the data in 1976.  Records were also set in several Silicon Valley Counties - Santa Clara = 2.6%,  San Fran = 2.4%, San Mateo = 2.1%.  In addition, California contributed 35.8% of all jobs created in the United States in December.

 

Some complain that California is hostile toward the business community.  The unemployment numbers don't support this notion.  It appears that business is thriving in California, despite any obstacles the state government might impose.

 

Be glad you live here.



#2 Chris

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Posted 21 January 2018 - 07:02 PM

Well, I don't see what you wrote because I figure if you ignore me then I will put you on ignore also.  Have a nice day in your fact free isolation bubble.....!   I know you could not handle all that real science I gave you, from somebody actually trained in science, yep, me.   Chris


1A - 2A = -1A


#3 The Average Joe

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Posted 22 January 2018 - 04:27 PM

U3 numbers are useless.

 

Try the U6 for a better grasp on true employment, or better yet, look at labor participation rates.

 

This from the feds as of march 2016:

 

Numbers of Unemployed, Underemployed, and Those Who Want a Job. As of March, using a 12-month moving average, 1.1 million Californians were estimated to be unemployed, which means they are not working, but have looked for a job recently. Over the last 12 months, on average, 957,000 are estimated to be at work part time for economic reasons, while just over 800,000 were not in the labor force, but wanted a job. These numbers suggest that around 2.9 million Californians are unemployed, underemployed, or wanting a job but not looking for one now.

 

 

With 19 million potential workers, that is nearly 1 in 6 underemployed or unemployed.. Yeah, really tearing it up CA.


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 


#4 The Average Joe

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Posted 22 January 2018 - 04:40 PM

BTW, CA ranked 35th on unemployment percentage....as of November 2017  Puts CA "records" in context...

 

https://www.statista...rate-in-the-us/


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 


#5 Who_Do_You_Trust

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Posted 22 January 2018 - 07:08 PM

U3 numbers are useless.

 

Try the U6 for a better grasp on true employment, or better yet, look at labor participation rates.

 

This from the feds as of march 2016:

 

Numbers of Unemployed, Underemployed, and Those Who Want a Job. As of March, using a 12-month moving average, 1.1 million Californians were estimated to be unemployed, which means they are not working, but have looked for a job recently. Over the last 12 months, on average, 957,000 are estimated to be at work part time for economic reasons, while just over 800,000 were not in the labor force, but wanted a job. These numbers suggest that around 2.9 million Californians are unemployed, underemployed, or wanting a job but not looking for one now.

 

 

With 19 million potential workers, that is nearly 1 in 6 underemployed or unemployed.. Yeah, really tearing it up CA.

 

Joe - how stupid do you think I am?  You're quoting numbers from March, 2016???  Do you honestly believe the economy right now is the same as it was in March, 2016?   Almost two years ago?  Here's a bit of news.  It's not!

 

Couple other thoughts - 

 

- EVERYONE thinks they're underemployed.  Everyone thinks they should have their boss's job and get a fatter salary.  That's their version of "underemployed".

 

-  ...and "wanting a job but not looking right now"?  Are you kidding me?   If they're not looking, they don't want a job.  They're not unemployed.  They're lazy!  

 

-  The unemployment rate has been calculated the same way for decades.  If nothing else, it's an excellent metric to compare the labor market now from previous numbers - like two years ago.

 

Finally, the current rate of 4.3% is a record for California.  But since you want to compare it to other states - yeah, Hawaii has a 2% unemployment rate, but if you want to see underemployment (which you seem to think is appropriate), you need look no further than Hawaii.  Nearly everyone there is washing bed sheets and cleaning toilets at the hotels and resorts.  Talk about underemployment...



#6 The Average Joe

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Posted 22 January 2018 - 10:09 PM

That was the last from the feds and you will note the later numbers were from nov 2017

 

Underemployed (for the sake of statistics) is not people who think they should make more. it is those working part time that would prefer to be full time. You know, the Obamacare workers who lost hours so companies wouldn't have to comply with the law for full time workers (fail by design?)

 

That's right, you have to count those that have left the labor force who are no longer looking for work as unemployed (lazy as well). Of course, you can't count retirees.

Ca's employment? massive amounts of illegal low wage jobs and a few high paying bubbles.  SF is NOT representative of CA.

 

When you look at per capita income after adjusting for purchasing power due to cost of living, CA ranks below the national median. And cost of living does not take into account taxes for this study.


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 





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