Coronavirus

[Gameface]

I had mind of a strange thought/question
So we equate low unemployment with a strong economy and healthy financial wellbeing right?

But if unemployment is really low then couldn't that mean that everyone needs to work because they need money badly because without work they couldn't afford to live?

Like if everyone was financially healthy and not struggling financialy then couldn't that mean that only one parent needed to work and that more people could retire which would make the unemployment rate higher? Less people working food be a good thing and more people working could be a bad thing right?

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I'm not an expert on how this works and oldschool franklin would be a better person to answer a question like this, but I think at some point they changed how they calculate unemployment and they only count people who are actively looking for work. If you don't have a job and aren't looking for one then you are not counted as an unemployed person. Same goes for a situation where you were looking for work but eventually gave up, even though if you could get a job you would.

 

[LogGrad98]

I'm not an expert on how this works and oldschool franklin would be a better person to answer a question like this, but I think at some point they changed how they calculate unemployment and they only count people who are actively looking for work. If you don't have a job and aren't looking for one then you are not counted as an unemployed person. Same goes for a situation where you were looking for work but eventually gave up, even though if you could get a job you would.

This is right more or less. They only count people looking for a job, or who are capable of holding a job. So the number can be skewed a few different ways. One way is that a terrible economy can cause a lot of people to drop out of the job pool, to, in essence, give up and stop looking, making it look like unemployment is lower than is actually is.

 

[idestroyedthetoilet]

This is right more or less. They only count people looking for a job, or who are capable of holding a job. So the number can be skewed a few different ways. One way is that a terrible economy can cause a lot of people to drop out of the job pool, to, in essence, give up and stop looking, making it look like unemployment is lower than is actually is.

There are six measures, plus we track labor participation rate . U6 includes all those you listed, unless they no longer want work.

 

[idestroyedthetoilet]

I had mind of a strange thought/question
So we equate low unemployment with a strong economy and healthy financial wellbeing right?

But if unemployment is really low then couldn't that mean that everyone needs to work because they need money badly because without work they couldn't afford to live?

Like if everyone was financially healthy and not struggling financialy then couldn't that mean that only one parent needed to work and that more people could retire which would make the unemployment rate higher? Less people working food be a good thing and more people working could be a bad thing right?

Sent from my ONEPLUS A6013 using JazzFanz mobile app

It would mean less production, a smaller pie to divy up. Also, there is an old idea where retiring is good for the economy because one person steps aside which creates a higher paying job for another. It's an old economic fallacy but I don't remember the term for it.

Also, wages have been rather sticky for a couple decades. We just barely started seeing strong increases in real wages before Covid.

 

[idestroyedthetoilet]

I had mind of a strange thought/question
So we equate low unemployment with a strong economy and healthy financial wellbeing right?

But if unemployment is really low then couldn't that mean that everyone needs to work because they need money badly because without work they couldn't afford to live?

Like if everyone was financially healthy and not struggling financialy then couldn't that mean that only one parent needed to work and that more people could retire which would make the unemployment rate higher? Less people working food be a good thing and more people working could be a bad thing right?

Sent from my ONEPLUS A6013 using JazzFanz mobile app

I think what you are really asking is what if a higher portion of production went to the working class instead of the rich. You can do the math to figure that out, but you'll have to do your best gestimation to account for lower production and thus higher prices.

Say, take away 1/2 of the 1% income, 1.8 trillion, and divide it equally among the 330 million, adjust for inflation and wahlah. A good way to do that is taxing the rich and increasing the EITC.

 

[Deleted member 365]

Got my test result back, positive.

I had what felt like a little cold yesterday morning. Dry cough, fatigue, chills. Nothing else. Felt much better in the afternoon. But I wanted to be cautious so I went and got a test. Today felt normal, just a little fatigue. But now I just got the positive test result back. Hopefully tomorrow doesn’t suck. Can still smell things fine and knock on wood haven’t seen any other symptoms.

 

[fishonjazz]

Got my test result back, positive.

I had what felt like a little cold yesterday morning. Dry cough, fatigue, chills. Nothing else. Felt much better in the afternoon. But I wanted to be cautious so I went and got a test. Today felt normal, just a little fatigue. But now I just got the positive test result back. Hopefully tomorrow doesn’t suck. Can still smell things fine and knock on wood haven’t seen any other symptoms.

Good luck man.
Keep us updated

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[Gameface]

Got my test result back, positive.

I had what felt like a little cold yesterday morning. Dry cough, fatigue, chills. Nothing else. Felt much better in the afternoon. But I wanted to be cautious so I went and got a test. Today felt normal, just a little fatigue. But now I just got the positive test result back. Hopefully tomorrow doesn’t suck. Can still smell things fine and knock on wood haven’t seen any other symptoms.

Sorry to hear that. Hope your symptoms are mild.

 

[str8line]

Got my test result back, positive.

I had what felt like a little cold yesterday morning. Dry cough, fatigue, chills. Nothing else. Felt much better in the afternoon. But I wanted to be cautious so I went and got a test. Today felt normal, just a little fatigue. But now I just got the positive test result back. Hopefully tomorrow doesn’t suck. Can still smell things fine and knock on wood haven’t seen any other symptoms.

Damn, any idea of how you got it? How old are you?

 

[Deleted member 365]

Damn, any idea of how you got it? How old are you?

35 years old.

Definitely at work. The wife and I don't have kids. She works in finance and has been working remotely since March. We haven't gone anywhere for months. Doordash and drive-thrus for restaurants. When they say it's not transmitting in schools and universities, they're full of ****. It's a way to force K-12 face to face schools going and keep the universities and landlords in college towns happy. My house was covid free until schools when back into session. Face to face school is obviously the best way to educate most students. However, testing has not been readily available up until recently and there has been far too much community spread to trace all the positives. Back in April and May Governor Herbert said we needed 5 percent or lower for Utah's economy to safely reopen. Want to know what our positivity rate has been this month? I have a spreadsheet and have been tracking it:


Back in July Governor Herbert said that we needed 500 or fewer cases to safely reopen schools. Want to know what our average new daily cases has been this month?

When metrics go out the window you have a ********. If I sound pissed it's because I am. Politics is overruling science and public health. People are needlessly going to get sick, have long-term health damage, disastrous medical bills, and some may even die because of our state and country's leadership. It didn't and still doesn't have to be this way. And I find the claim, "Household transmission" to be an insult to our intelligence. None of our houses have covid until we bring it in. Where do we bring it in from? Schools, work, church, etc. I think using the "Household transmission" excuse is a misnomer to justify keeping sectors of the economy open unsafely even though it's obvious that they shouldn't be because of our lack of testing and out of control community spread.

 

[One Brow]

I had kind of a strange thought/question
So we equate low unemployment with a strong economy and healthy financial wellbeing right?

But if unemployment is really low then couldn't that mean that everyone needs to work because they need money badly because without work they couldn't afford to live?

Like if everyone was financially healthy and not struggling financialy then couldn't that mean that only one parent needed to work and that more people could retire which would make the unemployment rate higher? Less people working food be a good thing and more people working could be a bad thing right?

Sent from my ONEPLUS A6013 using JazzFanz mobile app

The unemployment rate only looks at people with no jobs, actively seeking work. You are thinking of the labor force participation rate. Then there is the underemployment rate (those who have part-time jobs but would prefer full-time).

No doubt there are a dozen other measures as well.

 

[str8line]

35 years old.

Definitely at work. The wife and I don't have kids. She works in finance and has been working remotely since March. We haven't gone anywhere for months. Doordash and drive-thrus for restaurants. When they say it's not transmitting in schools and universities, they're full of ****. It's a way to force K-12 face to face schools going and keep the universities and landlords in college towns happy. My house was covid free until schools when back into session. Face to face school is obviously the best way to educate most students. However, testing has not been readily available up until recently and there has been far too much community spread to trace all the positives. Back in April and May Governor Herbert said we needed 5 percent or lower for Utah's economy to safely reopen. Want to know what our positivity rate has been this month? I have a spreadsheet and have been tracking it:

View attachment 9935
Back in July Governor Herbert said that we needed 500 or fewer cases to safely reopen schools. Want to know what our average new daily cases has been this month?
View attachment 9934
When metrics go out the window you have a ********. If I sound pissed it's because I am. Politics is overruling science and public health. People are needlessly going to get sick, have long-term health damage, disastrous medical bills, and some may even die because of our state and country's leadership. It didn't and still doesn't have to be this way. And I find the claim, "Household transmission" to be an insult to our intelligence. None of our houses have covid until we bring it in. Where do we bring it in from? Schools, work, church, etc. I think using the "Household transmission" excuse is a misnomer to justify keeping sectors of the economy open unsafely even though it's obvious that they shouldn't be because of our lack of testing and out of control community spread.

Yeah, crazy how the bar keeps getting raised. I pulled my kids from school before last week started(Corner Canyon High) once it was obvious they were ignoring the rise in cases.

Hope you get through this without any complications. Keep us informed.