Well, no kidding.
Yeah, it’s a lie but it makes the Kenyan’s low information freeloaders feel good that they voted for him.
The chickens will come home to roost, soooon....................
The list, Ping
Let me know if you would like to be on or off the ping list
I noticed Gallop was careful not to suggest what the true number might be.......
If you are on welfare or SS, you are unemployed, but not counted in the unemployment number.
I know my standard of living has gone down the crapper from 2008/2009 to now. I’m barely getting by as well as my best friend has his wife. I know losing Mom in 2013 was a kick in the butt too but we were headed down before that. Right now, I’m applying for energy assistance with the gas bill, something I never had to do before plus I’m trying to help my buddy do the same since he has a sick wife now. B-( There were times I had to help him buy medicine for her.
Nobody who has any clue what they are doing uses U3. U6 is far better for a “true” unemployment rate.
I really love it when left-wingers try to claim that that graph you posted is all because of Baby Boomers voluntarily retiring.
/src on/But but out political class tells us there are worker shortages and the US need to import 30 MM foreign workers over the next 10 year (Gang of 8 bill)/src off/This is why I will never vote for an Open Borders candidate even if that involves sitting out 2016. Open Borders = War on Middle and Working Classes.
Does Gallup have polling data to suggest this, or are they really just a part of the Big Lie?
-PJ
“If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.”
Posted on FR last May by 4Liberty
http://www.freerepublic.com/focus/f-news/3151710/posts
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
At least they’ve been liberated from job lock. Now they can write poetry, paint, and enjoy fun-employment. (-N. Pelosi)
When people leave the work force or stop receiving unemployment compensation, even if they still have no job, they reduce the unemployment number. When they finally land a job they reduce the number again. If they get two part time jobs totaling 36 hours they reduce the number yet again.
People who collect unemployment compensation must certify periodically that they are actively searching for work, whether they are or not. If you don’t tell the lie, you don’t get your check. Needless to say, almost everybody tells the government what they want to hear.
As soon as unemployment runs out, there is no longer any requirement to lie in order to get a check, so people just stop lying. At that point, they are counted as having dropped out of the labor force because they have “stopped looking for work”. In reality, the only thing they stopped doing was lying about it.
You pay people to lie, they will lie. You stop paying them, they stop. No mystery there...
Bump