Originally Posted By: Mr Nice
Originally Posted By: morepwr
I don't think the economy is as good as reported but I certainly don't think it is doing a face plant either. I think that gas prices being cheaper are good for the economy even though the reports of cheap oil is listed as being bad.
Unemployment is 4.9% and some bozo says everything is doing great. Meanwhile 6000 people apply at a newly built Walmart Supercenter.
Many college grads have trouble finding even a part-time job.
I've been hearing people whine about the same thing most of my life. Yet I can point to lots of vacant, well paying jobs and companies that are currently hiring. Most of them require a minimum skill level, so the average high school graduate won't be eligible.
And as is typical of people who pretend to spout information about the current economy, you're touting a 4.9% unemployment rate without comparing it to historic levels. If you look at the history of the unemployment rate, we're currently at a relatively low level of unemployment when compared to the last 60 years. During the first couple years of the 1950's it was higher, during much of the 1960's it was higher, during most of the 1970's it was higher, during all of the 1980's it was higher, during the first half of the 1990's it was higher (source: Bureau of Labor Statistics).
There will always be a segment of the population that is either unemployable or, because of poor choices they've made in the past or choices they're currently making, eligible for employment only in the fast food or Walmart environment. But for someone who is skilled and willing to go after a quality job, there are jobs available.
There is always the option of going out and really showing your mettle by standing on your own by becoming self-employed rather than simply collecting a paycheck from someone else.
