Posted on 06/03/2011 10:39:11 AM PDT by Qbert
Just how dire is the unemployment situation? The May employment situation has just been released by the Bureau of Labor Statistics showing an unemployment rate of 9.1%. But what are the actual statistics that reveal the true depth of employment misery?
In the month of May the BLS claimed that 139.8 million people were employed out of a civilian noninstitutional population [those who live in the US, older than 16 and not in an institution or active military] of 239.3 million or an effective rate of 58.4%. The civilian labor force which takes into account those the BLS consider employed and actively looking for work (not those who have dropped out of the labor force) stood at 153.7 million or 64.2% of the civilian noninstitutional population.
The last time there were 139.8 million employed (prior to the Obama years) was in October of 2004. At that time the civilian noninstitutional population was 224.2 million for an effective rate of 62.4%. The civilian labor force was estimated to be 147.8 million or 66% of the civilian noninstitutional population. The published unemployment rate was 5.5%.
The most arbitrary of all factors the BLS uses is their calculation of the civilian labor force as that includes those actively looking for work but eliminates those who the BLS estimates have dropped out of the labor force. Yet it is the most important as it can skew the unemployment rate considerably. Therefore using the October 2004 figures as a base the calculations would actually be as follows: the civilian labor force for May of 2011 should be 157.9 million not 153.7 million. As there were 139.8 million people employed, it follows that the unemployment rate would then be 11.5% not 9.1%.
However arbitrary rates aside, the bottom line is that since October of 2004 the overall civilian noninstutional population has increased by 15.1 million people yet there has not been any net new jobs created per the report of May 2011 as the number of those employed is the same.
Fixed it for you.
That’s a big part of what his quest for a billion dollars is about- to scare off potential primary challengers.
The very language is twisted by democrats..
The people without JOBS is far higher than 10%...
Americans are getting Brain Washed.. and they DON'T CARE..
HOW BOUT you... DO you CARE?..
they’ve taken to flat out lying now
and they won’t be called on it.
the media would never do that, as it would be impolite to talk with their mouth full
| Measure | Not seasonally adjusted | Seasonally adjusted | |||||||
|---|---|---|---|---|---|---|---|---|---|
| May 2010 |
Apr. 2011 |
May 2011 |
May 2010 |
Jan. 2011 |
Feb. 2011 |
Mar. 2011 |
Apr. 2011 |
May 2011 |
|
|
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force |
5.9 | 5.5 | 5.5 | 5.8 | 5.5 | 5.3 | 5.3 | 5.1 | 5.3 |
|
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force |
5.7 | 5.2 | 5.1 | 6.0 | 5.6 | 5.4 | 5.4 | 5.3 | 5.4 |
|
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) |
9.3 | 8.7 | 8.7 | 9.6 | 9.0 | 8.9 | 8.8 | 9.0 | 9.1 |
|
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers |
10.0 | 9.2 | 9.2 | 10.3 | 9.6 | 9.5 | 9.4 | 9.5 | 9.5 |
|
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force |
10.6 | 10.1 | 10.0 | 10.9 | 10.7 | 10.5 | 10.3 | 10.4 | 10.3 |
|
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force |
16.1 | 15.5 | 15.4 | 16.5 | 16.1 | 15.9 | 15.7 | 15.9 | 15.8 |
|
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data. |
|||||||||
U6 is 15.8% and THAT is understated because people interested in working have quit looking.
The reality is much worse than what we are being told.
Nonfarm payroll employment changed little (+54,000) in May, and the unemployment rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains continued in professional and business services, health care, and mining. Employment levels in other major private-sector industries were little changed, and local government employment continued to decline.
Household Survey Data
The number of unemployed persons (13.9 million) and the unemployment rate (9.1 percent) were essentially unchanged in May. The labor force, at 153.7 million, was little changed over the month.
In May, the number of long-term unemployed (those jobless for 27 weeks and over) increased by 361,000 to 6.2 million; their share of unemployment increased to 45.1 percent.
U-1 = 5.9% / 5.3%
Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
U-2 = 5.7% / 5.4%
Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
U-3 = 9.3% / 9.1%
Total unemployed, as a percent of the civilian labor force (official unemployment rate)
U-4 = 10.0% / 9.5%
Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
U-5 = 10.6% / 10.3%
Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
U-6 = 16.1% / 15.8%
Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
Note:
Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months.
Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work.
Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.
More like 21% unemployment.
LLS
If you look at all the other data, it's nowhere close to those numbers.
It’s more like in the 20% range.
“I bet in some Democratic circles that if things don’t get better they might have a challenger for him.”
I concur; the Dem candidates for other offices can’t just lose/throw away their careers without a whimper. I think they’ll find a token white male Dem to run in his stead.
“Americans are getting Brain Washed.. and they DON’T CARE..”
The Americans out of work (as well as everyone they know) care, and know the truth.
Either the BLS is dishonest OR the situation has made their data collection methods ineffective.
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