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The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or . . .?
dailyfinance.com ^ | 07/15/10 | Pallavi Gogoi

Posted on 07/18/2010 3:32:25 AM PDT by ziravan

The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%.

(Excerpt) Read more at dailyfinance.com ...


TOPICS: Business/Economy; Government
KEYWORDS: economy; jobs; shadowstats; unemployment
did not see this posted
1 posted on 07/18/2010 3:32:31 AM PDT by ziravan
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To: ziravan

I think it’s been posted before, but I’m all in favor of reposting interesting info for those who may not have seen it.


2 posted on 07/18/2010 3:45:02 AM PDT by Paladin2
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To: ziravan
"...the government had "cooked the books" by not correctly counting all the people it should..."

I don't think there is an actual gov't count, but rather just a survey.

3 posted on 07/18/2010 3:47:36 AM PDT by Paladin2
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To: Paladin2

Government doesn’t count people who have stopped looking for work, which is rather stupid, they are still unemployed. However, it makes the figures look better for them to do that.


4 posted on 07/18/2010 4:07:09 AM PDT by calex59
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To: ziravan

The government wouldn’t like us to know the “REAL” numbers or they would have a revolt. I have been out of work, off unemployment, for over two years and am actively looking. I an a degreed engineer and looking in seven states!

I believe thew real unemployment number is north of 22%.

Remember that in November!


5 posted on 07/18/2010 4:09:05 AM PDT by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: calex59

I don’t think the gov’t actually counts anybody. It done with statical surveying rather than collection of data from individual states.


6 posted on 07/18/2010 4:16:19 AM PDT by Paladin2
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To: ziravan

shadow stats:
http://www.shadowstats.com/alternate_data


7 posted on 07/18/2010 4:20:23 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: combat_boots

8 posted on 07/18/2010 4:21:53 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: ziravan

A dem’s running the show - the MSM isn’t going to look too closely at bad news like unemployment.


9 posted on 07/18/2010 4:33:21 AM PDT by GOPJ (Coincidence is God's way of remaining anonymous - Einstein.)
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To: Paladin2

The government, by their own admission, drops people from their unemployment count once they stop looking for work and when they stop drawing unemployment. Whether it is by survey or some other method I don’t know, but I do know they cook the numbers.


10 posted on 07/18/2010 4:33:56 AM PDT by calex59
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To: wetgundog
I have been out of work, off unemployment, for over two years and am actively looking. I an a degreed engineer and looking in seven states!

Your problem is that you speak english fluently, and are a natural born US citizen. If you were a foreign-born engineer that spoke little english, you'd be hired immediately.

11 posted on 07/18/2010 4:39:06 AM PDT by meyer (Big government is the enemy of freedom.)
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To: ziravan

12 posted on 07/18/2010 4:52:12 AM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: Paladin2
I'm all in favor of posting the Search results for those that are interested in everyone's comments.

http://www.freerepublic.com/focus/search?s=jobless+effect.

13 posted on 07/18/2010 5:32:35 AM PDT by 1rudeboy
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To: ziravan

The Census Bureau was told to slow down the count for the 2010 Census lest the enumerators fall off the employment rolls.


14 posted on 07/18/2010 5:40:50 AM PDT by GAB-1955 (I write books, love my wife, serve my nation, and believe in the Resurrection.)
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To: massmike

Great tagline


15 posted on 07/18/2010 5:46:44 AM PDT by HANG THE EXPENSE (Life is tough.It's tougher when you're stupid.)
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To: combat_boots

Posts from that site were deleted while Bush was in office.


16 posted on 07/18/2010 6:01:50 AM PDT by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: calex59
From:

http://www.bls.gov/cps/cps_htgm.htm

"Because unemployment insurance records relate only to persons who have applied for such benefits, and since it is impractical to actually count every unemployed person each month, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940, when it began as a Work Projects Administration project. It has been expanded and modified several times since then. For instance, beginning in 1994, the CPS estimates reflect the results of a major redesign of the survey. (For more information on the CPS redesign, see Chapter 1, "Labor Force Data Derived from the Current Population Survey," in the BLS Handbook of Methods.)

There are about 60,000 households in the sample for this survey. This translates into approximately 110,000 individuals, a large sample compared to public opinion surveys which usually cover fewer than 2,000 people. The CPS sample is selected so as to be representative of the entire population of the United States. In order to select the sample, all of the counties and county-equivalent cities in the country first are grouped into 2,025 geographic areas (sampling units). The Census Bureau then designs and selects a sample consisting of 824 of these geographic areas to represent each State and the District of Columbia. The sample is a State-based design and reflects urban and rural areas, different types of industrial and farming areas, and the major geographic divisions of each State. (For a detailed explanation of CPS sampling methodology, see Chapter 1, of the BLS Handbook of Methods.)

Every month, one-fourth of the households in the sample are changed, so that no household is interviewed more than 4 consecutive months. This practice avoids placing too heavy a burden on the households selected for the sample. After a household is interviewed for 4 consecutive months, it leaves the sample for 8 months, and then is again interviewed for the same 4 calendar months a year later, before leaving the sample for good. This procedure results in approximately 75 percent of the sample remaining the same from month to month and 50 percent from year to year. "

17 posted on 07/18/2010 6:32:52 AM PDT by Paladin2
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To: ziravan
This is my first time seeing it also so thanks for the post. Although I knew the numbers were something like this anyway due to how the government does its counting.

I'm curious though, what ever happened to the Misery Index? I'd love to see the numbers on that.

Or is it out there and I miss it living in my shell?
18 posted on 07/18/2010 7:20:00 AM PDT by thatjoeguy (Wind is just air, but pushier.)
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To: ziravan

Those numbers are unimportant. Just think how much worse it would have been had not Obama saved all those millions of jobs! In fact, every job that still exists was saved by Obama. If Bush had not handed Obama such a bad economy we would be booming now!

The truth is all our present situation was purposely engineered over time to be exactly what it is. Engineered by the Democrats. They set up the housing, banking and Wall Street debacle and pulled the trigger just before the 2008 election. The Democrats are the ones in bed with Wall Street but they claim the Republicans are. The Democrats engineered the collapse but they made sure the taxpayers made their Wall Street friends whole again.

When they first took over GM and Chrysler they took care of their union friends while stiffing legitimate stock and bond holders, they initially planned to close many car dealerships, all Republican supporters it was later learned.

They post economic numbers that sound like progress and then come back later and quietly revise them downward.

The Democrats purposely crashed the economy and they intend to purposely keep it that way. Nothing they do can improve the economy. Their policies can only make things worse and that is what they want.

Why? To destroy America! Won’t they get kicked out of office? Maybe, but if they do they are hoping they have done enough and embedded enough of their own bureaucrats to keep their policies in place. If they aren’t confident of that strategy they will engineer another crisis and declare martial law. Then they can stay in power as long as they wish.


19 posted on 07/18/2010 8:13:24 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: ziravan
Chart of the Day (The Scariest Jobs Graph You've See)
20 posted on 07/18/2010 8:42:20 AM PDT by blam
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