Thou shall not make logical sense on Sundays.

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Founder of BOINC team Objectivists. Oh the humanity! Rational people crunching data!
I did NOT authorize this belly writing!

Thou shall not make logical sense on Sundays.

Now there's a commandment that ya'll might be able to keep... ;)

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It may not be 1984 but George Orwell sure did see the future . . .

Quick question ( just because I have to ask )

Rush, I have seen you say on a few occasions that the US enjoys full employment....

How can that possibly be accurate when the unemployment rate here where I live is up around 14%??

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Air Cold, the blade stops;
from silent stone,
Death is preordained

Calm Chaos Forums : Everyone Welcome

Quick question ( just because I have to ask )

Rush, I have seen you say on a few occasions that the US enjoys full employment....

How can that possibly be accurate when the unemployment rate here where I live is up around 14%??

And the current DOL stats only deal with those people who have lost their jobs in the last six months...after that they aren't used for statistical purposes. Those who have given up looking, or gone into the underground economy, or just haven't found a new job...don't count. Enron accountants would be proud of the DOL.

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Quick question ( just because I have to ask )

Rush, I have seen you say on a few occasions that the US enjoys full employment....

How can that possibly be accurate when the unemployment rate here where I live is up around 14%??

Because the USA is actually a bit bigger than your home town. lol

'Full employment' is considered to be either 95% or 96%. I forget which. Interestingly years ago, before the Reagan administration full employment was considered to be something like 92%.

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Founder of BOINC team Objectivists. Oh the humanity! Rational people crunching data!
I did NOT authorize this belly writing!

Quick question ( just because I have to ask )

Rush, I have seen you say on a few occasions that the US enjoys full employment....

How can that possibly be accurate when the unemployment rate here where I live is up around 14%??

Because the USA is actually a bit bigger than your home town. lol

'Full employment' is considered to be either 95% or 96%. I forget which. Interestingly years ago, before the Reagan administration full employment was considered to be something like 92%.

Ah. So it's another case of statistics telling someone's version of the truth....lol

I understand, though.

Thanks for the answer Robert. ;-)

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Air Cold, the blade stops;
from silent stone,
Death is preordained

Calm Chaos Forums : Everyone Welcome

Quick question ( just because I have to ask )

Rush, I have seen you say on a few occasions that the US enjoys full employment....

How can that possibly be accurate when the unemployment rate here where I live is up around 14%??

Robert got the gist of it, but to be a bit more specific: "full employment" is term of art that economists use describe the normal unemployment rate in a particular country. "Normal" meaning that people are always going to be quitting, moving, getting fired, gettin' edumacated, promoted, laid off, made redundant, blacksmiths and horse and buggy workers are replaced by spaceport workers, etc.

Since U.S. workers are generally considered "mobile," (meaning there are no travel restrictions, and jobs are generally available nationwide) areas smaller than states aren't so relevant, e.g., the unemployed people where you live could go somewhere else. That they stay regardless of their economic position can sometimes (over time) contribute as much to the rate as the loss of positions does.

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Cordially,
Rush

elrushbo2@theobviousgmail.com
Remove the obvious...

"full employment" is term of art that economists use describe the normal unemployment rate in a particular country

"Full employment" is a Term I understand as having a 99.x% employment rate in all areas - no less.
East Germany had Full employment: less than 0.4% unemployed. In any county or town.

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"full employment" is term of art that economists use describe the normal unemployment rate in a particular country

"Full employment" is a Term I understand as having a 99.x% employment rate in all areas - no less.
East Germany had Full employment: less than 0.4% unemployed. In any county or town.

What economics books have you been studying? Are you utterly insane????

Good lord.....point 4% ??

I'm sorry, Thorin, but your ignorance has now just become so obvious that even a child can see through it. You're just silly now.

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Founder of BOINC team Objectivists. Oh the humanity! Rational people crunching data!
I did NOT authorize this belly writing!

"full employment" is term of art that economists use describe the normal unemployment rate in a particular country

"Full employment" is a Term I understand as having a 99.x% employment rate in all areas - no less.
East Germany had Full employment: less than 0.4% unemployed. In any county or town.

What economics books have you been studying? Are you utterly insane????

Good lord.....point 4% ??

I'm sorry, Thorin, but your ignorance has now just become so obvious that even a child can see through it. You're just silly now.

It was back then when the Eastern part of Germany was a country of its own, called the GDR. And yes, there was literally spoken Full Employment.
They even had the Constitutional Right to a job - and the duty to work.

Artikel 24
(1) Jeder Bürger der Deutschen Demokratischen Republik hat das Recht auf Arbeit. Every citizen of the German Democratic Republic has the right to work. Er hat das Recht auf einen Arbeitsplatz und dessen freie Wahl entsprechend den gesellschaftlichen Erfordernissen und der persönlichen Qualifikation. They have the right to a job and the freedom of choice in accordance with social needs and personal skills. Er hat das Recht auf Lohn nach Qualität und Quantität der Arbeit. They have the right to salary for quality and quantity of work. Mann und Frau, Erwachsene und Jugendliche haben das Recht auf gleichen Lohn bei gleicher Arbeitsleistung. Men and women, adults and young people have the right to equal salary for equal work performance.
(2) Gesellschaftlich nützliche Tätigkeit ist eine ehrenvolle Pflicht für jeden arbeitsfähigen Bürger. Socially useful activity is an honorable duty for all citizens who are able to work. Das Recht auf Arbeit und die Pflicht zur Arbeit bilden eine Einheit. The right to work and the duty to work form a unit.

Source: Constitution of the GDR, translation added by me.

And:

Wer das gesellschaftliche Zusammenleben der Bürger oder die öffentliche Ordnung dadurch gefährdet, Who endangers the social coexistence of the citizens or the public order daß er sich aus Arbeitsscheu einer geregelten Arbeit hartnäckig entzieht, obwohl er arbeitsfähig ist, by stubbornly withdrawing themselves from a regular job because of unwillingness to work, oder wer der Prostitution nachgeht or who pursues prostitution oder wer sich auf ändere unlautere Weise Mittel zum Unterhalt verschafft, or who provides themselves with means of subsistence in dishonest manners wird mit Verurteilung auf Bewährung oder mit Haftstrafe, Arbeitserziehung oder mit Freiheitsstrafe bis zu zwei Jahren bestraft. will be punished with a conviction on probation, or with arrest, working education or an imprisonment up to two years. Zusätzlich kann auf Aufenthaltsbeschränkung und auf staatliche Kontroll- und Erziehungsaufsicht erkannt werden. In addition, restrictions on residence and state control and parental supervision can be adjudged.

source: StGB der DDR (Penal Code of the GDR) §249, translation added by me

Actually all of those 99.6% (other statistic even speak of 99.9%) of course have officially been employed somewhere - but not all of them had effective jobs. They possibly would have had if the shifts were about 6hrs a day instead of 8.5 hrs.

Nowadays, the Eastern Länder - the part of Germany once have been the GDR - have an average unemployment rate (officially) about 18.7%.

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