Can someone explain this to me: How can we possibly have an unemployment rate of 5.4% when 1/3rd of the entire population of the country is unemployed?
The headline unemployment rate is really unemployment claims. If everyone is out of already out of work - no claims, low rate.
Democrats lie. Democrats have always lied. Democrats will always lie.
FDR did the same things in 1933 when the depression economy was turning around. His policies and his lies sent the economy back down the crapper and made it worse and longer.
Our unemployment among American citizens is at depression level as employers large and small and big investors celebrate the stock market; all the while employing illegals, H1Bs, L1s, and shipping jobs overseas. It is no wonder that the Chamber of Commerce is all in for Obama, the democrats, and their RINO supporters.
the “unemployment rate” quoted is a completely specious number, made up by working backward from the desired result, then using the Von Nagel theorem (commonly called the “finagle factor”) to magically transform the raw data into the desired outcome.
This involves several manipulations of mathematics, some pixie dust, wishful thinking, and good old-fashioned fraud but - voila! - the right answer appears, and of course the architect of this house of cards comes out looking good - for the moment.
Once one is out of work long enough to exhaust unemployment benefits, moves to Social Security Disability (as many have) or simply gives up, they don’t count as unemployed any longer. That is how Obama gets to a 5.4%.
And yet the fed won’t raise rates. Yelled knows the scam.
Let's see... I am not employed, haven't been since '99. We've lived and saved just fine off my husband's salary since then.
My mom, at age 93, is not employed. Hasn't been since 1947 when my oldest sister was born.
My sister-in-law isn't employed. She's a stay at home mom, homeschooling her children.
Her oldest daughter is 19-years old and is, at the moment, unemployed. She's a full time college student. Of course, starting next month, she'll work full time as a Christian Bible camp counselor. But, come September, she'll be unemployed again.
Funny how these headlines work. They depend on folks jumping to the conclusion the headline writer is going for. Doing an analysis of what the data means takes a bit of effort. I'm not going to go to all that work. I just know that not all people age 18+ are looking for jobs. The largest number of people not looking for work include students, stay-at-home moms, and retirees.
U3 is the number they report... “The U6 (10.8%) unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts “marginally attached workers and those working part-time for economic reasons.” Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the “marginally attached workers” include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over.” What throws all the numbers off is the number of illegal aliens counted among the working number while taking jobs away from Americans which cause the “unemployed & not in the labor force” to continue to rise.
Because the rate is not what they say it is.