Unemployment Rate Down to 9.5%
- FrankN
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FrankN wrote: That is an interesting point. In some ways, I think people have more availability and options to work with their schedules (freelancing, online jobs, part-time jobs, etc.) that works well for SOME people. That way some people who don't need to necessarily have to work, can make some extra cash in a way that works with their personal life. The downside is those options or flexibility has made it even more difficult to get a full-time stable job for people who really need it to survive and provide for their families. They really have to work harder than ever just to keep their heads above water like you said.
I never really thought about it from that perspective, Frank. With all the freelancing and online work going on, ten people (or more) could be taking up one full time position. Don't even get me started on all the companies that are forcing part-time positions on their people.
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I have always been thankful for part-time jobs (real or online) because they give room for additional income. My younger sister does this and at least we pay less for her daily needs. I suppose it puts more burden to the official employment, thus increasing the rate of unemployment in a sense.FrankN wrote: That is an interesting point. In some ways, I think people have more availability and options to work with their schedules (freelancing, online jobs, part-time jobs, etc.) that works well for SOME people. That way some people who don't need to necessarily have to work, can make some extra cash in a way that works with their personal life. The downside is those options or flexibility has made it even more difficult to get a full-time stable job for people who really need it to survive and provide for their families. They really have to work harder than ever just to keep their heads above water like you said.
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FrugalFran wrote: I don't even pay attention to the unemployment rate anymore because it doesn't account for all the people who have taken wage cuts just to get back in the workforce. Folks getting back to work is great, but if they lost their house because they had to take a job that paid half of what they previously made, there's still a problem.
I could not agree more with you on this statement. Quite honestly the unemployment rate means nothing to me. I know a lot of people that are working two jobs just to make 75% of what they made prior to being laid off.
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