Posted on 09/08/2012 10:20:33 PM PDT by george76
Still above 8%—and closer to 19% in a truer accounting...
Don't be fooled by the headline unemployment number of 8.1% announced on Friday. The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.
The number for August reflects only people who have actively applied for a job in the past four weeks, either by interview or by filling an application form. But when the average period of unemployment is nearly 40 weeks, it is unrealistic to expect everyone who needs a job to keep seeking work consistently for months on end. You don't have to be lazy to recoil from the heartbreaking futility of knocking, week after week, on closed doors.
How many people are out of work but not counted as unemployed because they hadn't sought work in the past four weeks? Eight million. This is the sort of distressing number that turns up when you look beyond the headline number.
...
The key indicator of our employment health, in all the statistics, is what the government calls U-6. This is the number who have applied for work in the past six months and includes people who are involuntary part-time workers—government-speak for those individuals whose jobs have been cut back to two or three days a week.
They are working part-time only because they've been unable to find full-time work. This involuntary army of what's called "underutilized labor" has been hovering for months at about 15% of the workforce. Include the eight million who have simply given up looking, and the real unemployment rate is closer to 19%.
In short, the president's ill-designed stimulus program was a failure
(Excerpt) Read more at online.wsj.com ...
I think not. Mort's a businessman.
He'll vote for Romney.
Indeed, I think he's already endorsed Romney.
He's still a liberal, though (as is evident from his proposed "cures" for the economy).
Yes, I will accept part time.
Yes, I will accept lower wages then I was earning before.
Yes, I will do grunt work.
I think I have proved that by the temp jobs I have taken.
I have started my own business and the way it has been growing I will be able to draw something like a salary sometime in the next couple of years. But I need something to cover the bills right now.
Lets ask the NAACP and the congresional black caucus. They know the numbers of young black American unemployment thier dear leader is responsible for. Hear anyone say anything? Oh no this might disrupt the gig we have, sitting at the big table skimming off the top, throwing crumbs to our subjects with the message of vote color. You have to have a audience to perform, the people effected the most need to step into reality but it’s hard when you are offered candy that costs you nothing. How is this any different than the corner drug dealer selling heroin?
I’m seeing a possible Romney endorsement from e NY Daily News in the near future.....
Exactly. I thought it was a very good article until I reached the five recommendations. He knows obama blew it but he want to use obama solutions to "solve" the problem.
1. Govt. spending.
2. Govt. spending.
3. Yes! The only good idea on his list.
4. Govt. spending.
5. Gvot. spending. Obama's omnipresent "roads and bridges" solution. What the hell are we going to use these roads and bridges for? To allow union construction workers to get to their next make-work job more safely?
Why? Because they watch the State run media, that is why.
The majority of Americans spend a fraction of a moment on news and a majority of their time watching “reality” TV or sports.
All they know is what the alphabet networks tell them.
“Never underestimate the stupidly of the American people”.
[After an article full of damning statistics, his recommendations at the end of the article are just idiotic - “find the money for retraining?” Is that the best he could think of? Spoken like a true, brain-dead Keynsian central-planner. Talk about re-arranging the deck chairs on the Titanic!]
My thoughts exactly!
50 million on food stamps divided by 300 million is 1/6.
1/3 is 33%, so half of that is 16.5%
Granted, that’s way oversimplified. (subtract those of ineligible age, add back those on other transfer payments, adjust regionally & seasonally, etc.)
But one out of six.
Yes, isn't that outrageous? And yet the government advertises Food Stamps like Wal*Mart advertises household goods. nobama and his goons won't be happy until everybody that qualifies is getting their monthly taxpayer paid largess.
The sad progression today: Job ☞ no job ☞ unemployment pay ☞ Social Security disability (which is going broke real fast) ☞ Food Stamps.
In the 30's people were ashamed to "go on relief." Today there is a defiant sense of entitlement about it. Sadly, Obama represents a parasite class numbering in the millions.
In the 30's people were ashamed to "go on relief." Today there is a defiant sense of entitlement about it. Sadly, Obama represents a parasite class numbering in the millions.
GOOD article to discuss with the reality-challenged...ping
“Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look”
The problem, Mr. Zuckerman, is that in the Alice-Through-The-Looking-Glass world of entitlements, “jobless numbers” count for less and less.
In this world, one is not seen as winning by “creating jobs”, but rather by creating more benefits for the jobless...
“Mortimer Zuckerman was a big Obama supporter in 2008. He has buyers remorse now. “
Indeed. Mort’s wised up, though. He’s a sharp cookie and nothing indicates that more than when someone changes their mind and admits they were wrong.
Mort’s one of the very few Democrats that I respect, and I suspect Mort is becoming less Democrat day by day. He may still be registered Democrat, but he talks more and more like a conservative every time I hear him talk. I’m hoping that others in the Jewish community pay as much attention to Mort as others are starting to do.
The MSM will NOT be running with this story...
Because the MSM lies for Obama.
They cover the positive about him - and ignore the horrors... Think of it as the most expensive ads a political party could buy - and all for free. That we're even in the game is a miracle.
Nice to see Zuckerman is awakening to the facts on this employment issue.
Thanks for the ping!
Amen....AMEN!!!
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