Row 22917

Row ID: 22917 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 22917 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

UE is like CPI. Since we don't want to know the numbers or for other people to, we don't measure them. UE is low because those that were looking got hired. Low participation means people have dropped out.

Boomers retired en masse, first when COVID hit and again when stocks went to the moon. The same thing happened in the tech bubble. That caused a big dip in the participation rate and suddenly workers were needed everywhere. Companies complained about higher wages while enjoying record profits and getting free PPP money most of them didn't need. The owners kept most of it for themselves.

Government has also been steadily hiring since the pandemic. Maybe the most jobs of any employer?

Child care costs exploded with other prices and more family members could be staying at home instead of working or looking for work.

These are the largest contributors I'm aware of for the low UE and participation rates.

FieldValue
text UE is like CPI. Since we don't want to know the numbers or for other people to, we don't measure them. UE is low because those that were looking got hired. Low participation means people have dropped out. Boomers retired en masse, first when COVID hit and again when stocks went to the moon. The same thing happened in the tech bubble. That caused a big dip in the participation rate and suddenly workers were needed everywhere. Companies complained about higher wages while enjoying record profits …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-21
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Raw Record

{
  "text": "UE is like CPI. Since we don't want to know the numbers or for other people to, we don't measure them. UE is low because those that were looking got hired. Low participation means people have dropped out.\n\nBoomers retired en masse, first when COVID hit and again when stocks went to the moon. The same thing happened in the tech bubble. That caused a big dip in the participation rate and suddenly workers were needed everywhere. Companies complained about higher wages while enjoying record profits and getting free PPP money most of them didn't need. The owners kept most of it for themselves.\n\nGovernment has also been steadily hiring since the pandemic. Maybe the most jobs of any employer?\n\nChild care costs exploded with other prices and more family members could be staying at home instead of working or looking for work.\n\nThese are the largest contributors I'm aware of for the low UE and participation rates.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1CZUNWUW15TTMyYjNwTV9vdTVPMGFwM3pMUFkyVmNoa09ieGZHUTVpck13ajhkcWlvZnZLX0Rwc2IxMWNIT1ZYemJob2FIVm90d0dZY0ZodTI1RDZEeVE9PQ==",
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}
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