Just a guess here, but maybe its the deceptive manner in which the government quantifies the unemployment rate.
Easy when you stop counting those who have given up or accepted a part time gig.
When you change the way you count, you change the result. Amazing.
My best guess is that the real unemployment rate is about triple what the official number is.
What’s disturbing to me is why this guy (Rob Wile) can’t figure it out.
The rate isn’t dropping... They just re-defined unemployment. It’s no longer tied to the employment rate.
Yes, it is disturbing. Because the REASON it is falling is because people are not finding jobs and DROPPING OUT of the work force.
Obama is ruining America— a symptom of our godless morality.
Here in Maryland, back when Martin O’Malley became the mayor of Baltimore, the homicide rate fell drastically when the police failed to report instances of people killing other people.
Hap-py Days are Here Ag-ain! The Skies A-bove are Clear A-gain! ...
Typical Business Insider cheering squad propaganda for the O administration. (A very interesting website with some of its articles, but they are mixed in with propaganda items...caveat!).
So anyway, the answer to “unemployment rate dropping too fast” ... is for Obama to just slow down (if he can) the lies about the economy. SUCH AS, in this particular, put all the millions of unemployed American workers BACK INTO the “labor force” statistic.... COUNT all the people who’ve lost their jobs these past 5 years......instead of pretending they don’t exist.
INSTANT correction, the reported “unemployment rate” goes up to 15 or 20 or 25 percent to more accurately reflect the reality of life today
Lib relative wailed on FB that her UE benefits weren’t being extended because of the “evil Republicans.” She went out an applied for jobs and got one within two weeks. Never let people get comfortable in their poverty. If she hadn’t been cut off, she would never have looked for a job.
Still throwing out this BS are they? The number’s not falling. What’s disturbing is the amount of folks that have just given up. They’ve stopped looking. They’ve stopped collecting unemployment. They’ve basically removed themselves from the workforce.
An issue we should all get behind is to change the rules for how government computes all this stuff.
IOW we should not factor in those who are no longer in the labor force because they could not get a job for a year or so.
We should revise the way our government does its accounting.
Maybe back to the way it used to be so that there are no automatic budget increase
This alone would make reality more readily available and would stop the slide into socialism
So, no more Leftist calls for unemployment benefits to be extended, I presume?
My guess is that the BLS would classify this as 3 people employed.
I also suspect that other creative ways exist to over-report jobs. (Just guessing that labor unions and govt contractors might merit special scrutiny, here.)
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Yet, according to the WSJ: “Although the economy is improving and the unemployment rate is falling, 17% of working-age men weren’t working in December. More than two-thirds said they weren’t looking for work, so the government doesn’t label them unemployed.”
I wish MSM would just once look into this. Actually do some journalism instead of gulping down the numbers fed to them by our lying government.
How many of the “jobs” created in the last two years are part-time??
Obama and Obamacare have released thousands from the drudgery of having to work!
Now excuse me while I go back to the factory to put in a double, to help pay for it all...