Posted on 07/03/2015 5:12:38 AM PDT by SeekAndFind
You’ve probably heard this phrase: “There are lies, damned lies and there are statistics.”
Let’s look at the latest statistics from the Labor Department and you decide whether we are being told the truth, lied to or simply misled by faulty numbers.
On Thursday, Labor, in the first sentence of its June jobs report statement, said that “payroll employment increased by 223,000 and the unemployment rate declined to 5.3 percent.
Thanks, but I’d like to focus instead on the fifth paragraph and the very last paragraph. First, the unemployment rate.
It was down from 5.5 percent in May, so instinctively people would say “hooray” and move on.
But the real story is in the aforementioned paragraph five. There, Labor tells us the labor force participation rate declined by 0.3 percentage points, or by 432,000 people, to 62.6 percent in June.
That means just 62.6 percent of those eligible to work have a job or are looking for work. And that is a 37-year low.
And that is why the unemployment rate fell — not because folks are getting jobs.
The government’s 5.3 percent rate doesn’t take into account people who aren’t looking for jobs because they don’t think any exist. Discouraged workers, like the ones I just described, don’t count as being unemployed.
(Excerpt) Read more at nypost.com ...
WARNING! WARNING! WARNING! (only about 200 years old)…
“Everything about socialism is sham and affectation.” - 23.11 Ch23 Evil; Economic Harmonies; Bastiat
What did the students learn this year upon graduation from elementary school, high school, college, Indoctrination U?
17. Get control of the schools. Use them as transmission belts for socialism…
http://www.uhuh.com/nwo/communism/comgoals.htm
David Stockman Shock Blog: The Real Unemployment Rate Is 42.9%.....Rush Limbaugh.com ^ | June 30, 2015Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000
Since 2007 The US Has Lost 1.4 Million Manufacturers, Gained 1.4 Million Waiters And Bartenders
Factory Orders Scream Recession: Annual Drop Biggest Since 2008
This article is spot on and should also scrutinize this statement “its June jobs report statement, said that “payroll employment increased by 223,000”. What isn’t reported is that virtually all of that net increase was in part time jobs. Turning one full time job into two part time jobs is not an increase in employment.
From 2000 to 2008 the U6 unemployment rate hovered between 7% and 10%; once employment went all to hell at the beginning of the Obama regime, it’s been between 16% and 10%. It has been heading consistently down, but still has really not gotten near the average level of U6 unemployment under Bush:
http://unemploymentdata.com/wp-content/uploads/2015/05/U6-vs-U3-May2015.jpg
Don’t forget Obama’s lackeys also moved the bar for reporting their figures. I have posted here for five years the REAL rate is actually 33% to 40%.
Obama’s Change
People who aren’t looking for jobs because they don’t think any exist.
‘’It’s the economy, stupid!’’ should be the campaign theme of every Republican running for president.
Tens of millions of unemployed, underemployed, and the growing army of hopeless Americans need a champion — a Republican presidential candidate who will promise to turn the economy around by the tried and true methods of lowering taxes, particularly on businesses, reinstituting the successful welfare-to-work program, repealing our new socialized medicine program, etc.
But is there a single Republican candidate who will seize the economy as his/her number-one issue and raise the banner of economic-improvement from Iowa to New Hampshire and on and on, bringing hope to the hopeless?
We’ll see at next month’s first Republican presidential debate. If not a single candidate can rise to the occasion but instead every candidate simply repeats the Republican version of Hallmark-card clichés as usual, then the Republican party will be meaningless and the country will be lost.
Because the government decided a lower number would look better politically.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
