Posted on 08/05/2024 8:39:40 AM PDT by george76
There are lies, damned lies, and government statistics — and maybe none is more damnable than the official unemployment rate which is half the actual rate .. Worse, the number of Americans who are neither retired nor employed is more than four times higher than July's official rate of 4.3%.
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July the percentage of Americans who are unemployed and looking for work — this is the number that the Bureau of Labor Statistics (BLS) should report each month — was 8.4%. The BLS reported a rosy 4.3% unemployment
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One in four adult Americans is retired, which is nice for them. Fifteen percent say they're entrepreneurs (that can be anything from driving an Uber to .. and just under 30% are employed by a private company.
Nearly one in 10 work for the government at one level or another. Those workers are supported entirely by tax dollars without producing any material wealth. Every government employee involved in regulation makes it harder for the rest of us to do so.
If you've been keeping track of these numbers in your head, you might notice they don't add up to anything close to 100%. About three percent of adults surveyed answered "not sure" about their employment situation, the kind of answer that I assume involves smoking weed. The remaining 9.7% said they were unemployed but not looking — i.e., "Not in Workforce."
That means the percentage of Americans who could be working and perhaps would really like to be working but either can't find work or have given up finding work is 18.1%. That's more than four times the official unemployment rate.
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45% of Americans who do work in the private sector are, in one way or another, supporting the 55% who don't, can't, or won't work.
(Excerpt) Read more at pjmedia.com ...
it’s 50% where I live.
Like reporting on core inflation, which excludes food and energy (you know, two items that immdiately impact people).
This is why the government never cuts spending. ALL government spending at all levels IS a component of the official national GDP. If we cut spending, the GDP will contract signaling a recession. Regarding the massive number of government workers, it is a way to avoid calling them welfare recipients. Non-essential government jobs exist to provide a middle-class lifestyle to otherwise unemployable people.
Maybe that’s why to stock markets are crashing the last couple of days.
Anyone with half a brain knows these numbers have been BS.
No Fedgov report is ever real in Fedgov especially when ‘rats are in power.
In this particular case, the higher “unemployment” figures the author cites don’t distinguish between people who are truly unemployed and those who are UNEMPLOYABLE. I suspect the latter groups now numbers in the tens of millions of people in America today.
Not to mention that a lot of people who do work are only employed part-time.
And so it has been for quite some time and it is unsustainable. Totally unsustainable. Something has to change or fail and the failing part is now.
Yep. Look at the total employment rate....ie the percentage of working age adults engaged in paid work. It used to be much higher than it is now but has been going down, down, down for years. The percentage who are “disabled” is vastly higher now than when we had an industrial economy and people worked in dangerous factories. The government learned this trick from the Europeans. “hey if we liberally grant disability benefits, then we don’t have to count them as unemployed.....”.
Solzhenitsyn missed the main part of the situation in that quote.
We know they are lying,
they know they are lying,
they know we know they are lying,
we know they they know we know they are lying,
but they are still lying.
...Because they derive the greatest pleasure in knowing there isn't a damned thing we can do about it, we just have to take the abuse.
Abuse of power is a drug much more addictive than heroin!
THE “UNEMPLOYMENT” numbers have been a total lie all the time a Dem is in office.
those presenting it and reporting it are able to change it to thier liking, so its all a lie
Harri’s bump is over.
“Maybe that’s why to stock markets are crashing the last couple of days.”
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Markets are dropping all over the world. It has nothing to do with internal politics in the US.
People living off welfare and not looking for work are NOT counted!!!! If they were the rate would be 25% and among blacks more like 75%.
The gover-media lies about everything.
Count yourself lucky. In the people’s republic of Alaska it is 4 out of 10. And the 10 is not people working, It is people who could be working. 330,000 considered in the workforce. 130,000 work for government. One half of one percent of land in private hands.
Is there an identifiable number of people who are unemployed but don’t need to work because they’re being supported by another person? Stay-at-home moms, etc?
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