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Pastimes : Let's Talk About Our Feelings!!!
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To: Neocon who wrote (73747)2/2/2000 10:02:00 PM
From: MSB  Read Replies (1) of 108807
 
Very interesting information taken from the Cato Institute:

However, I don't tend to agree with the following strictly from personal observation (highlighted in bold):

"Unemployment Rate. When Reagan took office in 1981, the unemployment
rate was 7.6 percent. In the recession of 1981-82, that rate peaked at
9.7 percent, but it fell continuously for the next seven years. When
Reagan left office, the unemployment rate was 5.5 percent. This
reduction in joblessness was a clear triumph of the Reagan program.
Figure 3 shows that in the pre-Reagan years, the unemployment rate
trended upward; in the Reagan years, the unemployment rate trended
downward; and in the post-Reagan years, the unemployment rate has
fluctuated up and down but today remains virtually unchanged from the
1989 rate."

It would seem to me the overall employment rate is much lower than 5.5% unless there are a high percentage of people in our country who don't want to work or don't have to.

I know there has to be a rather low unemployment rate when fast-food restaurants are offering signing bonuses just to get workers. Also, there seems to be an unprecidented amount of advertising on radio these days looking for workers with varying talents just to fill job openings. This suggests to me that American workers can be more selective about where they may choose to be employed even taking into consideration their education and current skill level.

If one can read and write, one can damn near find a job anywhere with only a minimal amount of effort.

(I should probably note that the state in which I live has one of the lowest unemployment rates in the country. One county in particular has an unemployment rate of around 2.5%. About 10 years ago the rate was around 4%).
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