Posted on 02/19/2012 10:20:03 AM PST by doug from upland
Aparna Mathur, Matthew H. Jensen | Tracking the unreported (15.6%) unemployed January 06, 2012
In case you missed it, AEI economist Aparna Mathur and economic researcher Matt Jensen find that:
The official US unemployment rate hovers around 8.6 percent (8.5 % as of today), but a better measure of the real jobless rate is called the “U-6” which stands at 15.6 percent (15.2 percent as of today). The U-6 rate includes those that would still like a job and have looked for work in the last twelve months, not just the last four weeks. That means the number of Americans hurt by the bad economy is almost twice what the official number would suggest. In fact, the official rate excludes workers who have decided to drop out of the labor market altogether -- either because they are discouraged or for other reasons -- and also ignores workers who settle for part-time work because they are unable to find a full-time job. Currently more than 5.6 million Americans, or an astounding 43 percent of all unemployed have been unemployed for more than 27 weeks. The tremendous increase in long-term unemployment is one factor driving the unprecedented disparity between the official measure of unemployment and the alternative measure (U-6). Long-term unemployment has a damaging psychological impact on workers' willingness to keep searching for work and motivates them to accept part-time work. As bad policy from Washington forces businesses to seek flexibility, the chasm between the U-6 and official unemployment rates may become a permanent fixture of the economic landscape.
The authors can be reached at aparna.mathur@aei.org and matt.jensen@aei.org. For media inquiries please contact Véronique Rodman at vrodman@aei.org or 202.862.4871
You are exactly right...each GOP candidate should be calling out the mainstream media on using fake numbers.
It is unbelieveable that these candidates are so fearful. Don’t know what they are scared of...losing? If they don’t speak the truth to the people, they WILL lose...guaranteed.
Stand up to the media and the administration.
They know the only way out at this point is a bloody revolt or revolution.
No one (on our side) wants the blame for actually lighting the fuse.
Only one questions needs to be asked: “Mr. President when will you provide the hard copy of your birth certificate?
He can’t...or he will provide the fake he’s put on the internet...then it all blows up.
I’m not sure that would suffice anymore.
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