Interesting Unemployment Numbers

[jasonxctf]

as sorted by president.

 

Dem Administrations

Clinton 7.30% when starts. 4.20% when finishes. (-3.10%)

Carter 7.50% when starts. 7.20% when finishes. (-0.30%)

LBJ 5.70% when starts. 3.40% when finishes. (-2.30%)

Kennedy 6.60% when starts. 5.70% when finishes. (-0.90%)

Truman 3.40% when starts. 2.90% when finishes. (-0.50%)

 

Rep Administrations

GWB 4.20% when starts, 7.60% when finishes (+3.40%)

GHWB 5.40% when starts 7.40% when finishes (+2.00%)

Reagan 7.50% when starts 5.40% when finishes (-2.10%)

Ford 5.50% when starts. 7.20% when finishes. (+1.70%)

Nixon 3.40% when starts. 5.50% when finishes. (+3.20%)

Eisenhower 2.90% when starts. 6.60% when finishes. (+3.70%)

[NorthSideSox72]

Dem Presidents, all other things equal, will tend to be elected more often when the economy is in the s***ter, because of the perception that they will deliver more to the people effected by that s***ty economy. When things are good, people focus more on not letting government grow out of control, so you get the opposite effect. I think these numbers say more about that, than they do about the actual economic policies each President enacted.

 

[Balta1701]

Dem Presidents, all other things equal, will tend to be elected more often when the economy is in the s***ter, because of the perception that they will deliver more to the people effected by that s***ty economy. When things are good, people focus more on not letting government grow out of control, so you get the opposite effect. I think these numbers say more about that, than they do about the actual economic policies each President enacted.

So, what you're saying is that every time the Republicans get in office they break the economy and we need a Democrat to fix it.

[jasonxctf]

When things are good, people focus more on not letting government grow out of control, so you get the opposite effect.

 

i agree with your first statement. Kind of goes back to the Mommy/Daddy political argument.

 

Not sure about this one though. Look at today. The economy is in the shi*ter (well not as much as before) and some people are screaming their heads off about government growing out of control.

[Texsox]

The only unemployment number I'm looking at is 3, the number of friends of mine who are still unemployed and who have established work records.

[jasonxctf]

The only unemployment number I'm looking at is 3, the number of friends of mine who are still unemployed and who have established work records.

 

do they have college degrees?

[Texsox]

do they have college degrees?

 

2 do, 1 does not. All three have familes, are in the middle years of careers, 10-15 years of experience.

[jasonxctf]

2 do, 1 does not. All three have familes, are in the middle years of careers, 10-15 years of experience.

 

not sure if you caught this summary or not. Interesting breakdown of unemployment via education levels.

 

http://www.fivethirtyeight.com/2010/05/une...ducational.html

[southsider2k5]

not sure if you caught this summary or not. Interesting breakdown of unemployment via education levels.

 

http://www.fivethirtyeight.com/2010/05/une...ducational.html

 

Which I would argue is due to millions of people being here to take their jobs cheaper.

[Balta1701]

Which I would argue is due to millions of people being here to take their jobs cheaper.

Which others might argue is due to elimination of barriers that protect low-education jobs from being sent overseas while maintaining the barriers to protect high-education jobs. Or because low education jobs cost less to remove because they don't require much training. Or because the impact of this recession has been the largest by far in the industries associated with the housing bubble, like construction, which isn't a high education industry. Or because education has been correlated with unemployment for years and it'd be surprising if a recession somehow undid that.

[mr_genius]

Which others might argue is due to elimination of barriers that protect low-education jobs from being sent overseas while maintaining the barriers to protect high-education jobs.

 

a lot of 'high-education' jobs have been going overseas the past 10 years or so.

[southsider2k5]

Which others might argue is due to elimination of barriers that protect low-education jobs from being sent overseas while maintaining the barriers to protect high-education jobs. Or because low education jobs cost less to remove because they don't require much training. Or because the impact of this recession has been the largest by far in the industries associated with the housing bubble, like construction, which isn't a high education industry. Or because education has been correlated with unemployment for years and it'd be surprising if a recession somehow undid that.

 

So you can create layers of expensive bureaucracy to enact what could be done by protecting our borders. How very liberal of you.

[lostfan]

a lot of 'high-education' jobs have been going overseas the past 10 years or so.

One (well, two) thing i can tell you about globalization is that it's misunderstood, and really hard to explain and understand. If there was a hypothetical person in charge of branding and marketing globalization they should've been fired 10 years ago.

 

I'm not that great at explaining these things but basically what happens is Country A makes Product X cheaply and efficiently, and Country B does the same with Product Y. So Country A agrees to ship a certain number of Product X to Country B in exchange for a certain number of Product Y. You might have losses of jobs of people who make Product Y in Country A (like cars for example) but in theory there's actually no net job loss because there are more jobs in other sectors to make the other goods. But it looks like the country is sending a bunch of jobs overseas especially to the people that used to make Product Y.

 

China is a whole other animal though, they kind of cheat at this game.

[mr_genius]

China is a whole other animal though, they kind of cheat at this game.

 

they really aren't that much 'worse' than a number of other countries that either have protectionist trade policies, currency manipulation, or heavy government subsidies for industry. i know they are a Dem punching bag due to them just destroying the unions manufacturing base here in the US.

[G&T]

Do any of these number take into account unemployed graduates?

[mr_genius]

Do any of these number take into account unemployed graduates?

 

i don't think so

[NorthSideSox72]

i agree with your first statement. Kind of goes back to the Mommy/Daddy political argument.

 

Not sure about this one though. Look at today. The economy is in the shi*ter (well not as much as before) and some people are screaming their heads off about government growing out of control.

I said all else being equal - meaning, trying to isolate the party difference. There is another dynamic, where a s***ty economy means boot out the incumbents, whoever they are, that is at play right now.

 

[southsider2k5]

Do any of these number take into account unemployed graduates?

 

I believe U6 takes into account everyone who is seeking work and can't find it, or is unemployed.

[bmags]

Wait, didn't balta just post unemployed rates by education? How is that not taking into consideration unemployed graduates. There's little data that you couldn't find.

 

That said, in that completely unscientific assumption type analysis, for my friends and I who have graduated, opportunities did seem to open up quite a bit more the last few months.

[Texsox]

Which I would argue is due to millions of people being here to take their jobs cheaper.

 

 

Take a look at how many H1B Visas are allowed each year. Wouldn't it be better to focus on keeping those jobs for Americans than worrying about minimum wage jobs?

[kapkomet]

It's great when our economic future is to ensure that there's a worker program for minumum wage jobs rather then a structure where people are rewarded higher salaries for actually knowing and achieving things at a job.

[bmags]

totally, i hate how I can't make a higher wage when I gain a higher position.

[Texsox]

It's great when our economic future is to ensure that there's a worker program for minumum wage jobs rather then a structure where people are rewarded higher salaries for actually knowing and achieving things at a job.

 

While we are fighting for minimum wage jobs, middle class jobs are being outsourced, and higher wage jobs are being taken by H1B Visa holders. The business leaders and politicians have done a great job of misdirection.

[Jenksismyhero]

While we are fighting for minimum wage jobs, middle class jobs are being outsourced, and higher wage jobs are being taken by H1B Visa holders. The business leaders and politicians have done a great job of misdirection.

 

Is that true? I thought all the reports are saying that jobs that are outsourced are replaced with other jobs here.

[Texsox]

Is that true? I thought all the reports are saying that jobs that are outsourced are replaced with other jobs here.

 

 

Last I saw they were being replaced by lower earning service sector types of jobs. WalMart part time cashiers, things like that. But I will admit that info could be stale and inaccurate.