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2018-07-06 08:42 by Karl Denninger
in Employment , 158 references Ignore this thread
Jobs: +213k
[Comments enabled]

So we got two ticks upward on unemployment......

Employment:population ticked up one, and the NILF (not in labor force) number was down quite a bit.  This was responsible for the two ticks upward in the unemployment rate, and is consistent (between unadjusted and the base unemployment number.)

The "summer seasonal help" number showed up in the teen participation rate, which is normal.

The very bad news, however, is still there -- among educational attainment high school or less gained one tick, high school held steady (in other words, you have a diploma), and those with more education lost representation, with those with Bachelors or better losing a massive full ten ticks (one percent.)

And yet the media cheers onward...... 

Note to the peanut gallery: That $100k worth of student debt?  You're screwed.

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Fred_
Posts: 19
Incept: 2018-04-21

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"The rich ruleth over the poor, and the borrower is servant [literal = slave] to the lender."

Debt is slavery.
Susanjbear
Posts: 781
Incept: 2010-06-10

Salt Lake City, Utah
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Karl,

Maybe I am dense today but I don't see the down 1% you are calling out for degrees. Is this YOY? Which line in the report ?

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Susan
Tickerguy
Posts: 153516
Incept: 2007-06-26
A True American Patriot!
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Employment population ratio look here
Inline

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Winding it down.
Emg
Posts: 212
Incept: 2012-11-20

Canada
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Degrees are increasingly a sign of unemployability. Plus you have to pay them more so they can afford to pay off their student debt.
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