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Fox News: True unemployment figure is 15.8%
Fox News Channel (no link)
| 1/14/12
Posted on 01/14/2012 11:38:02 AM PST by pabianice
On Fox. If discouraged workers* are counted, unemployment percentage is 15.8%. Further, if economy starts to look better and these discouraged workers get back into trying to find jobs, official joblessness figure will also jump.
* people who have stopped looking for work after their unemployment checks have stopped
TOPICS: Business/Economy; Chit/Chat
KEYWORDS: trueunemployment; unemployment
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1
posted on
01/14/2012 11:38:08 AM PST
by
pabianice
To: pabianice
I have been told multiple times, that the U6 (What’s at 16% now) was the formula that they used when Carter reached his 10%, and Universal Unemployment, was used during the Depression, and is over 20% now. Is that correct? Can anyone tell me definitively?
2
posted on
01/14/2012 11:41:00 AM PST
by
JDW11235
(http://www.thirty-thousand.org/)
To: pabianice
So wait, what you're saying is we're NOT in an economic recovery?
Somebody should let the MSM in on this!
3
posted on
01/14/2012 11:43:20 AM PST
by
YankeeReb
To: YankeeReb
May the MSM suffer mightely for what they’ve done to this country.
4
posted on
01/14/2012 11:47:34 AM PST
by
unkus
(Silence Is Consent)
To: JDW11235
5
posted on
01/14/2012 12:07:04 PM PST
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
To: pabianice
6
posted on
01/14/2012 12:07:58 PM PST
by
blam
To: pabianice
I quit watching fox news as they began drifting left, (I get all my news online now), but I’m willing to bet, no MSM news outlet is reporting or will report this.
I do watch fox news when someone links a FR post to it, other than that I got really sick of what is going on there.
7
posted on
01/14/2012 12:08:49 PM PST
by
PoloSec
( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
To: pabianice
Going for an interview on Thursday. I’ve lost three jobs in the past 13 months. Not quitting yet.
8
posted on
01/14/2012 12:13:25 PM PST
by
OrangeHoof
(Obama: The Dr. Kevorkian of the American economy.)
To: pabianice
9
posted on
01/14/2012 12:26:34 PM PST
by
TNoldman
(AN AMERICAN FOR A MUSLIM/BHO FREE AMERICA.)
To: combat_boots
Observations from the chart. U3 (official) and U6 have kept in synch; both doubled and tapering downward.
The SGS trend however is different. It did not double and is trending upward with no end in sight. So the SGS does not as bad a hit as U3 and U6 but in another year it may.
10
posted on
01/14/2012 12:46:55 PM PST
by
cicero2k
To: PoloSec
If the “real” unemployment is +10%, then they are getting paid off well enough to avoid causing political trouble. How high does it have to go before trouble starts?
11
posted on
01/14/2012 12:49:05 PM PST
by
AceMineral
(Some people are too stupid for their own good.)
To: pabianice
The MSM avoids this number like the plague.
That should be the first thing out of a GOP candidate's mouth ever day and it's not.
Force the damned MSM to cover it!
12
posted on
01/14/2012 12:56:51 PM PST
by
The Cajun
(Palin, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
Hardcore Marxists Control Washington, D.C. And The Media

Click The Pic To Donate
Support The Resistance
13
posted on
01/14/2012 1:02:16 PM PST
by
DJ MacWoW
(America! The wolves are here! What will you do?)
To: PoloSec
I quit watching fox news as they began drifting left... Try Fox Business. It's much better than Fox News and in the evening is more general news/opinion.
14
posted on
01/14/2012 1:04:40 PM PST
by
Timocrat
(Ingnorantia non excusat)
To: YankeeReb

Countdown until Zer0 leaves Office: 373 days as of January 13, 2012.
15
posted on
01/14/2012 2:01:45 PM PST
by
BobP
(The piss-stream media - Never to be watched again in my house)
To: All
Obama logic:
U3 goes down (people no longer being counted): shazam!!! Ain’t I great!!!
U3 goes up due to U6 people returning to search for work: Shazam, the economy is going swell!!! Ain’t I great!!!
16
posted on
01/14/2012 2:52:10 PM PST
by
ak267
To: pabianice
Wonder how people who just graduated from school and can’t find a job are counted? They can’t draw unemployment since they haven’t been employed yet.
17
posted on
01/14/2012 6:23:25 PM PST
by
Some Fat Guy in L.A.
(Go Steelers (what's the baseball team called again?))
To: JDW11235
18
posted on
01/14/2012 6:35:33 PM PST
by
Straight Vermonter
(Posting from deep behind the Maple Curtain)
To: Straight Vermonter
Thank you for that graph. Even given the numbers hocus pocus seasonally adjusted, blah blah blah, we’re still nearing great depression levels. In fact, some part time work, is not really work at all (Say 15 hours a week or less, may not even be worth the cost of the job, without subsidies/welfare benefits, etc.)
I appreciate the information.
19
posted on
01/15/2012 3:36:58 AM PST
by
JDW11235
(http://www.thirty-thousand.org/)
To: combat_boots
Thanks for the graph! I like John Williams, I’ve seen some of his videos, and think he’s got a good grasp on things.
20
posted on
01/15/2012 3:38:29 AM PST
by
JDW11235
(http://www.thirty-thousand.org/)
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