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The phony drop in unemployment. BLS has in essence dropped over 3.5M people from labor force
American Thinker ^
| 03/05/2011
| Stece McCann
Posted on 03/05/2011 1:44:08 PM PST by SeekAndFind
The Bureau of Labor Statistics has again issued data that appears to contradict what the average American sees in his neighborhood and instinctively questions. The official unemployment rate of 8.9% is a factor of data input which reflects how many people are looking for work, how many ceased to do so, and an estimated size of the current labor force.
However there is a statistic the BLS puts out that does cast a more accurate shadow on the labor situation.
That is the Civilian Labor Force Participation Rate -- which is essentially the ratio of the labor force as compared to the total working age (over 16) population. In November 2008, when Obama was elected that ratio was 65.5%. In February 2011 it is 64.2%.
The primary reason for this drop is the reduction in the size of the labor force as calculated by the BLS. In February 2011 this force was estimated to be 153 million and the total working age population of 239 million.
In November of 2008 the labor force was 154.6 million and the total working age population 234.5 million.
Per the BLS, while the working age population increased by 4.5 million, their estimate of the size of the labor force decreased by 1.6 million. It is an obviously impossibility to say that at least an historical 65% of the entire increase in the working age population plus another 1.6 million people are not a part of the labor force.
Had the participation rate remained the same as in November of 2008 in February of 2011 then the labor force would have been 156.5 million not 153 million and the unemployment rate would be 10.8% not 8.9%. The BLS has in essence dropped over 3.5 million people from the labor force in their calculation of the unemployment rate.
The true labor situation is what the American people see in their towns and cities, not what the BLS, due to its constraints and political pressure are putting out.
TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: bls; democrats; economy; fraud; jobs; liberalfascism; obama; unemployment
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To: SeekAndFind
what do you expect from a phony president? phony president =phony numbers =phony unemployment. Gee America I need to be re-elected I will save the economy.
In the future Scenario 1 - November 8, 2012 America has a real economic problem since Feb 2011 Obama has had two sets of books, phony book and the real book. Welcome to Obamastan formerly the USA. The nations language is now Arabic and everyone must become a Muslim.
In the future Scenario 2 - November 8, 2012, the election results are in Obama has meet with a resounding defeat. The nation calls for Obama to be arrested and incarcerated immediately, Sarah Palin, Michelle Bachmann are asked to implement a new government. Obama proclaims ‘I am not a crook, it is George Soros’s fault he made me do it, I owed him lots of money. Joe Biden steps down immediately. All Democratic US Senators are defeated, all democratic US house representatives are defeated. The state of illinois vows to rid Illinois of anything to do with barack Obama.
Schools across america are striving to have the name Barack Obama removed from the school building immediately.
In every state across the union local and state elections have outstanding results. The 2010 election was only an inkling of what was to come. Voters voted in a new Amendment Birth certificates, college transcripts are required by all presidental candidates. Voters voted on the immediate repeal of ObamaCare, Nancy Pelosi and Harry Reid entire assets frozen by the CBO.
21
posted on
03/05/2011 3:55:47 PM PST
by
hondact200
(Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
To: SeekAndFind
BLS is not the Bureau of Lies and Scams.
22
posted on
03/05/2011 4:36:14 PM PST
by
Revel
To: SeekAndFind
Powder..patch..ball FIRE!
I’m a application developer specializing in database development, data analysis and reporting (all platforms)
I have been unemployed since December 10th 2010.
This is the FIRST time I have been unemployed for more than 10 days in the last 20 years.
I’ve interviewed for two jobs since then till now. NEITHER of them have made a decision to hire even though BOTH have put me through the most thorough HR process I have had in my life.
To: The Antiyuppie
Even the most rabid liberals know that they are lies, I am forced to state you are wrong on that.
You can't convince people that their religion is wrong.
I got reamed out today by a liberal with a Phd in statistics that went berserk on me regarding Bernanke, printing money, and phony inflation and unemployment stats. All lies made up by me and FOX.
These people will stand in a soup kitchen line and claim it ain't happening. Bet on it.
24
posted on
03/05/2011 4:58:51 PM PST
by
ChildOfThe60s
( If you can remember the 60s....you weren't really there)
To: SeekAndFind
Watch Treasury bonds and the dollar. You’ll see unemployment really go up after trading partners demand austerity measures in the USA.
25
posted on
03/05/2011 5:25:04 PM PST
by
familyop
(cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
To: SeekAndFind
BLS has become an arm of the Democrat party and the campaign to reelect Zero. The numbers will trend lower through November 2012 unless there is a catastrophe that not even the brain dead zombies of the Democrat block vote can ignore. The economic reports have become works of fiction and the stock markets are relying on this deceit.
26
posted on
03/05/2011 6:21:51 PM PST
by
Truth29
To: F15Eagle
For all intents and purposes, the Chinese have dropped the dollar as the World Currency, others will follow. The Oil Producers have discounted the dollar as we see the price of Oil escalating and the commoditys such as Cotton, Food, Copper and the Precious Metals. The World knows the Greenback is Dead under the Demorats!
27
posted on
03/06/2011 5:58:15 AM PST
by
True Republican Patriot
(May GOD Continue to BLESS Our Greatest President :George W. Bush!!)
To: SeekAndFind
28
posted on
03/06/2011 6:26:23 AM PST
by
Mr. Silverback
(Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
To: RegulatorCountry
The only answer to that would be higher energy and fuel prices which is what is happening as we speak. If this continues it could look like what happen in 2008 when oil hit around $147.
29
posted on
03/06/2011 8:10:54 AM PST
by
DarkWaters
("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
To: SeekAndFind
30
posted on
03/06/2011 8:48:49 AM PST
by
My Favorite Headache
(In a world where I feel so small, I can't stop thinking big.)
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