Josh Schafer’s Post

Economic Disaster Coming - Unemployment in America is rising while more illegal aliens pour into the country. Democrats and want open borders and claim America needs “affordable” labor. Meanwhile, they encourage the abortion of future workers and many people not to work. America does not need more foreign workers, especially cheap labor. We need to lower welfare payments to encourage people to work. We also need to develop America First economic and labor policies. Otherwise, we’re going to create a foreign labor underclass and more lazy, unproductive Americans. https://lnkd.in/gyNcS9WD

Although the US labour market has shown resilience since the beginning of the year, certain symptoms of underlying fissures are emerging. States all around the nation have seen increases in their unemployment rates. or, to put it more precisely, in every state in the union. For example, the state unemployment rate in California reached 5.3% in February, up 0.8% from the previous year and the highest in the US. In February, the unemployment rate in New Jersey increased by 0.8% to 4.8%. And this in March, when the country's jobless rate increased slightly to 3.9%. #Labour #Jobmarkets #Unemployment https://lnkd.in/epzQvs6W

Total employment in Australia increased by 50,200 MoM in June, well above consensus forecast for a 20,000 gain. While the overall unemployment rate rose to a seasonally adjusted 4.1% in June (May: 4.0%), it is still comfortably below the pre-COVID (2015-2019) historical average of 5.6%. The employment-to-population ratio stood at 64.2% in June, as compared to the pre-COVID historical average of 61.5%. The figures suggest that Australia’s labour market remains relatively tight and all eyes will be on the second quarter inflation numbers due out on 31 July. While the general consensus is for the RBA to keep rates on hold for the foreseeable future, a hotter than expected inflation reading might compel the central bank to hike the cash rate at its August monetary policy meeting. #australia #economics #employment #unemploymentrate #rba #interestrate

🌐 Understanding the Nuances of Unemployment: A State-Level Perspective 📊 Operations Leaders may want to check this out! 🕵️♂️🔍 In the dynamic landscape of today's economy, the impact of unemployment varies significantly across different regions of the United States. While the national unemployment rate offers a broad overview, it may not reflect the unique challenges faced by your home state. Enter the State Unemployment Rate – a crucial metric that unveils the economic landscape on a state-by-state basis. Unemployment, defined as the state of being jobless, is intricately measured at multiple levels. The federal government provides a monthly snapshot of the national unemployment rate, but each state also contributes its own insights. For you, as leaders navigating workforce dynamics, understanding your state's unemployment rate is paramount. It serves as a reliable indicator of your state's economic health. To calculate this rate, simply divide the total number of unemployed individuals by the state's total workforce. Click the interactive map in the link to see how your State is doing: 🗺️👀 https://lnkd.in/dtu3Z3DS Stay informed, stay strategic. 📈💼 #Unemployment #EconomicInsights #WorkforceManagement #ExpertConnections

📊 Understanding the Current UK Unemployment Rate As we navigate 2024, the UK’s unemployment rate has become a critical focal point for economists, policymakers, and businesses alike. Here’s a quick overview of the current situation and its broader implications: 🔍 Current Statistics: According to the latest data, the UK unemployment rate stands at approximately 4.4%. While this is the highest rate since September 2021, it’s essential to dive deeper into what these numbers signify. 🏢 Industry Insights: Certain sectors are experiencing varying impacts. For instance, technology and healthcare continue to see robust demand, driving job creation. Conversely, industries like retail and hospitality are still grappling with post-pandemic recovery challenges. 🌍 Regional Variations: Unemployment rates are not uniform across the UK. Regions with a strong industrial base or thriving service sectors are performing better, whereas areas heavily reliant on traditional industries are facing higher unemployment. 💡 Government Initiatives: The government has introduced several measures aimed at reducing unemployment, including upskilling programs, incentives for businesses to hire, and support for small and medium-sized enterprises (SMEs). These initiatives are crucial in bridging the employment gap and preparing the workforce for future demands. 👩🎓 Skills and Education: There is a growing emphasis on education and vocational training to equip individuals with the skills required in a rapidly evolving job market. Investments in STEM education and digital skills are particularly pivotal. 🚀 Opportunities for Innovation: Despite the challenges, this period also presents opportunities for innovation and growth. Companies that can adapt to the changing landscape, leveraging technology and embracing flexible working models, are likely to thrive. 🌱 Sustainable Growth: Addressing unemployment is not just about creating jobs but ensuring they are sustainable and inclusive. Policies aimed at promoting green jobs and supporting diverse workforces are essential for long-term economic resilience. Understanding the nuances behind the unemployment rate helps us not only grasp the present scenario but also plan for a resilient and inclusive future. Let’s continue to collaborate, innovate, and drive positive change in the UK job market. #Unemployment #UKEconomy #JobMarket #Employment #EconomicGrowth #GovernmentPolicy #Innovation #SkillsDevelopment #FutureOfWork

𝐔𝐧𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐟𝐚𝐥𝐥𝐬, 𝐛𝐮𝐭 𝐦𝐚𝐲 𝐫𝐢𝐬𝐞 𝐢𝐧 𝐜𝐨𝐦𝐢𝐧𝐠 𝐦𝐨𝐧𝐭𝐡𝐬 In surprise news, the unemployment rate fell sharply between January and February, plunging from 4.1% to 3.7%, according to the #Australian Bureau of Statistics. The reason this was a surprise is because, as the #economy has been slowing, the unemployment rate has been drifting higher. However, the number of employed people rose by 0.8% during February, while the number of unemployed people fell by 8.7%, leading to a fall in the overall unemployment rate. Speaking earlier in the week, Reserve #Bank of Australia (RBA) governor Michele Bullock said the RBA expected the unemployment rate to rise in the months ahead. “I think the unemployment rate is something that is mechanically going to rise as the #economy slows. So, if you’ll also see our forecasts, you will see employment continues to grow but it just doesn’t grow quite as fast as the supply of labour. So that’s mechanically why the unemployment rate rises,” she said. #economy #jobs #money

Understanding the True Rate of Unemployment (TRU): Is a More Accurate Measure of American Financial Well-Being True Rate of Unemployment: 24.5% (June 2024) Headline Rate of Unemployment: 4.1% In today's rapidly evolving economic landscape, accurate and comprehensive data is crucial for shaping policies that truly benefit our communities. While the Bureau of Labor Statistics provides essential insights into employment rates, these figures often miss a crucial part of the picture. To address this gap, LISEP has introduced the True Rate of Unemployment (TRU). Unlike traditional measures, TRU accounts for more than just those who are officially unemployed. It also tracks individuals who are underemployed—those working fewer than 35 hours a week but desiring full-time employment—and those earning below a living wage of $25,000 annually before taxes. Why does this matter? Just as a precise census is vital for equitable funding, accurate economic indicators are essential for effective policymaking. The TRU offers analysts and decision-makers a more detailed understanding of the financial well-being of Americans, particularly highlighting the challenges faced by those who are functionally unemployed. For those interested in exploring this critical metric further, I highly recommend reviewing LISEP’s comprehensive TRU white paper. #Economics #Unemployment #LaborMarket #PublicPolicy #EconomicIndicators #LISEP

Understanding the True Rate of Unemployment (TRU): Is a More Accurate Measure of American Financial Well-Being True Rate of Unemployment: 24.5% (July 2024) Headline Rate of Unemployment: 4.3% In today's rapidly evolving economic landscape, accurate and comprehensive data is crucial for shaping policies that truly benefit our communities. While the Bureau of Labor Statistics provides essential insights into employment rates, these figures often miss a crucial part of the picture. To address this gap, LISEP has introduced the True Rate of Unemployment (TRU). Unlike traditional measures, TRU accounts for more than just those who are officially unemployed. It also tracks individuals who are underemployed—those working fewer than 35 hours a week but desiring full-time employment—and those earning below a living wage of $25,000 annually before taxes. Why does this matter? Just as a precise census is vital for equitable funding, accurate economic indicators are essential for effective policymaking. The TRU offers analysts and decision-makers a more detailed understanding of the financial well-being of Americans, particularly highlighting the challenges faced by those who are functionally unemployed. For those interested in exploring this critical metric further, I highly recommend reviewing LISEP’s comprehensive TRU white paper #Economics #Unemployment #LaborMarket #PublicPolicy #EconomicIndicators #LISEP

New unemployment stats show the rate is going up.   Before we jump to conclusions, it is worth remembering that an increasing unemployment rate was foreshadowed last year. Overall, there has been a slowing of job creation and growth over the past few months. Additionally, the unemployment rate tends to go up at the beginning of the year.   In Australia, the unemployment rate is now 4.1 per cent (up from 4.0 per cent the previous month).   In Western Australia, the unemployment rate is now 4.2 per cent (up from 3.9 per cent the previous month).   Australia-wide we have seen the number of unemployed people increase slightly, but the unemployment rate went up due to a reduction of part-time jobs. We also saw an increase of 22,000 people looking for work – many of these people weren’t looking for work or employed previously.   In WA, similar things occurred. There was an increase of more than 4,000 people looking for work – again, many weren’t previously.   There are a few things at play here: 1. Some people are beginning to look for work that weren’t previously, I assume this is primarily for personal financial reasons. 2. January tends to see some retrenchments and redundancies. 3. Job creation and growth is slowing. From where I sit, none of this is unexpected.   Here is a chart I have done up on the unemployment rate. The full data is available here >> https://lnkd.in/gqe4wgXu

Rising U.S. Unemployment: Another False Recession Signal Immigrants sometimes get blamed for things that go wrong in a country, but there is some truth to the fact that a surge in new immigrants has provided a misleading bearish U.S. economic signal. A just-published report examined the details behind the rise in U.S. unemployment and found that, indeed, this time is different. In the past, a sustained rise in unemployment has generally heralded a recession. However, the current rise has not coincided with increased layoffs, which is a departure from past instances of rising unemployment ahead of recessions. The report highlighted that a large, exogenous increase in immigration plausibly explains much of the recent increase in unemployment. Without it, the unemployment rate today would be as much as 40 bps (0.4%) lower, i.e. hardly have risen from extremely low levels. Given the distortions in the unemployment data (including the Bureau of Labor Statistics household survey), investors should focus on nonfarm payrolls, initial unemployment insurance claims and layoffs to get reliable insights on the labor market. The fact that the business cycle is not impaired and the Fed will soon cut rates imply a continued supportive backdrop for risk assets and economic activity. #investing #investmentstrategy #macro #useconomy #unitedstates #capitalmarkets