[sport]

Real Unemployment 11 Percent; Total Unemployment 15.6 Percent

I know that and it won't be long before it is 20% and higher. Soon only those approved by Government [read affirmative action types]will work. Every aspect of the economy will be under the control of a Government Bureaucrat. Just as National Socialists Germany, the Soviet Union andother Communists Countries.

[sport]

Here is an overview of November Jobs Report, today's release. US Payrolls +120,000 US Unemployment Rate Declined .4 to 8.6% Civilian labor force fell by 315,000 Those Not in Labor Force rose by 487,000 Participation Rate fell .2 percentage points to 64.0%, nearly matching a low last seen in 1984 Actual number of Employed (by Household Survey) rose by 278,000 Unemployment fell by 594,000 Civilian population rose by 172,000 Average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours for the second consecutive month. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down 0.1 hour to 33.6 hours in November. Average hourly earnings for all employees in the private sector fell by 2 cents to $23.18 Government employment decreased by 20,000 The private sector has only recovered 33 percent of jobs lost in the peak-to-trough period of January 2008 to February 2010.

The above, My FRiend, is pure propganda. It would make any Communist Country proud.

[eyeamok]

When I was a child in school we used to call this FRAUD, and when you consider that our Public Masters will try to use this as justification for more Stimulus spending, it quickly rises to the level of EXTORTION and LARCENY. Hang the whole bunch.

[xzins]

One chart showed that the November hiring was 50+22=72 of 120 (well over half) in retail, leisure/hospitality.

In other words, Christmas hiring.

[libertarian27]

It drives me nutso when the media says people have given up/ stopped looking for work/money and do not clarify that statement.

I just checked the ‘food stamp’ stats
People on SNAP is at 45,837,824 (Aug ‘11)
Last year the figure was 42,389,926 (Aug ‘10)
(That’s a 3,447,898 increase in one year)

Many of those who are not employed are most likely supplementing ‘living’ with ‘food stamps’
http://www.fns.usda.gov/pd/34SNAPmonthly.htm

I can’t find any up-to-date stats on HUD section-8 housing - the last stats the government put out that I can see is from 2008 - section-8 kicking around 5 million homes (that number has got to be higher now)

For many people - having free food and free housing makes it easier to not work. Some people going off unemployment payments have to be shifting to government subsidies.

Then you have two income families that go to one.....people moving back to parents or family. People opting to collect early social security.

You just don’t ‘give up looking’ for money - unless you have a trust fund or a net to catch you......

[algernonpj]

Removing discouraged workers from the civilian labor force after a period of time was an 'enhancement' introduced under Clinton as part of a major overhaul of unemployment statistics.

· Revisions to the Current Population Survey Effective January 1994

[Ghost of Philip Marlowe]

Mish and Tim Wallace know what they are talking about.

I exchange comments with Wallace. He has said elsewhere that the true U6 is over 22% at this point. That figure takes into account the increase in population and the number of jobs that have traditionally been added every year based upon population increase as a factor in the total participation number. Most figures do not include the total number that HAS BEEN added over the years and which have been lost in addition to the hard number of jobs lost.

I think Wallace has the better grasp on the OVERALL TOTAL of jobs that have been lost/not created since Obammie the Commie’s reign of domestic terror began.

[txrefugee]

People all over the country know that this is just another government lie to try to help Democrats in the 2012 election. It actually makes them look worse because of the blatant scamming of the numbers.

Unfortunately, almost every family has someone who is unemployed now. They are not fooled.

[CincyRichieRich]

It’s as if our side (Boehner,et al)wants Obama to win. Why else would numbers like this simply be ignored and not touted when a camera is in their face and blame Obama? Why?

[corlorde]

bookmark

[the invisib1e hand]

This is a recovery?

No, it's Hope and Change.