"Yeah, so, it's my fault -- I won, so get over it."
Posted on 07/09/2011 7:59:35 AM PDT by Sub-Driver
Real Unemployment Rises to 16.2% in June -- 25.3 Million People Friday, July 08, 2011 By Matt Cover
(CNSNews.com) – The real unemployment rate rose to 16.2 percent in June, the Bureau of Labor Statistics (BLS) reported on Friday, marking a return to levels not seen since January 2011.
The “real” unemployment rate is technically a combination of three measures of unemployment: the unemployment rate, the number of people working part-time who want full-time work, and the number of people “marginally attached” to the workforce.
Those who have left the workforce but would still like to be employed are considered marginally attached.
This figure is considered a more complete measure of unemployment because it captures a broader spectrum of those affected by the weak economy. Merely counting those who apply for unemployment benefits as “unemployed” does not fully account for everyone who is out of work or underemployed.
This real unemployment rate – known as the U6 rate – has been climbing since February 2011 when it was at 15.9 percent. Real unemployment peaked in October of 2009 at 17.4 percent, before falling into the 16 percent range for much of 2010.
It now appears that the real unemployment rate is returning to its 2010 levels, trending upward after staying slightly below 16 percent from February to May.
The total number of people who were truly unemployed in June was 25.3 million -- the 14.1 million who were unemployed, the 2.7 million who were marginally attached to the workforce and the 8.6 million who were underemployed.
FAIL........
"Yeah, so, it's my fault -- I won, so get over it."
i’ll bet it’s higher than that.
for example, a friend of mine lost his job to mexico and is
working 6 hours a day at a low-pay, just survive wages. so, he’s “employed”.
he lost an excellent, high-pay job to mexico because of
california regulations: the state demanded absurd lifetime bond for the product. no 5 year warranty would do.
so, the company moved to messico.
Anyone care to guess what the “Real Unemployment Rate” will be in November 2012??? I predict at least 14 percent.
If my prediction, in Post #5 is correct, it will be “Bye, bye Barack”. But then, never underestimate the DemocRATS ability to steal an election.
This is obviously the fault of those ATM-using corporate jet owners who watch Fox News and listen to Rush Limbaugh. Re-elect me and I'll punish them good.
Will Obomba blame the previous administration for this?
Then I heard nothing, so I called and talked to the head of H.R. who informed me that since I have so much experience and education.....I'm over qualified.
By then, private sector Americans will be exchanging canned food for Christmas gifts.
No joke.
No matter who is President it will only get worse until we recover the manufacturing growth seed corn we exported to other countries. Look at what you buy see where the jobs went. That’s why we have unemployment.
Further notice that none of the GOP candidates are stating what the unemployment number [or rate] will be under their administration. They don’t want to be held accountable for hallucinations.
My question is why should I expect the real unemployment rate to be ANY LOWER a year from now than it is today? Your call of 14 percent seems overly optimistic to me. I know you said at least but do you really have any reason to believe that it could drop that low? I think the left would need to agree to do something soon that makes sense before we could expect any drop in real unemployment and they don’t seem interested in doing anything that is not absurd.
Just a “bump in the road”.
I was born in 1935, I recall my parents and grandparents talking about the depression and the hard times. We lived in the mountains on a large farm. We always had an abundance of food. We had plenty of heat for the winter. All this came off our land.
Now I hear on the news that our country is worse off than depression days. And our elected so called leaders want to still borrow and spend.
We have no chance of recovery if Congress still spends. We better investigate and question the people we vote for. Its time for action and I feel it can only happen at the voting booth.
So what you are saying is that the reason America doesn’t hardly manufacture anything anymore is because Americans are over-qualified to do so? Wow!
I’m not sure if I should feel good about that or insulted! LOL!
But the Leftists say the next election will have nothing to do with the economy!
Totally agree. Unfortunately though there's no easy answer to this, as there will have to be an incentive for businesses to move the factories back, as it stands it typically doesn't make sense from their individual viewpoints. Government will have to be the one to facilitate it in some manner, but the government is split between the big business interests (who don't want to outlay the capital for the move and increase their labor costs and taxes), and the environmentalists and unions (who helped run the businesses off in the first place). Hence, we're stuck.
Any Republican or conservative that holds to this fake 9.2 is not with us. We all knew that the 16 was closer and by looking around us things are desperate. Many families are falling apart in debt and have maxed out plastic. They are trying to hold on but bankruptcy is next.
Too many ordinary citizens in small towns across America may have family members or friends who work for government and are reluctant to see government employment for what it is. Further, they may have overlooked how government at all levels now occupies buildings and facilities in their communities which formerly housed the offices of manufacturing plants, of wealth-creating entities. Now, they are just places where the people's earnings are wasted on high salaries, benefits, and retirement assurances for those who have hired themselves, as Jefferson said, "to rivet the chains" of government "on the necks" of their fellow citizens.
"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39
2001- 4.7 %
2002- 5.8
2003- 6.0
2004- 5.5
2005- 5.1
2006- 4.6
2007- 4.6
2008- 5.8
2009- 9.3
2010- 9.6
2011- 9.3 (as of 7/8/11
How's that Bamanomics Hope n Change working out for ya America?
http://www.bls.gov/cps/prev_yrs.htm
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