Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TopQuark; ARCADIA; Willie Green
But selective attention to them is propaganda. And that what Willie Green does: posts exclusively anti-corporate and anti-capitalist pieces, often from really poor sources.

Perhaps then you could balance this out for us by posting news reports of mass-hirings in the US, new factories being opened in the US, production lines being started up (perhaps even brought in from say China or India?), from reputable sources like Forbes, WSJ, Dow Jones, Etc? In fact, lets start with you posting 1 article of a mass hiring (on the same scale as the layoffs) for a US factory and see where that goes. Show us what we've been selectively ignoring.

Well, the unemployement is 6.1% which until very recently was considered minimal possible.

That's only counting the number of people currently collecting UI benefits. Once they fall off the UI roles, they are no longer counted in that statistic, and you must turn to the Household survey data to get a full picture. The rate of total unemployed and underemployed is currently 10.0%:

From the THE EMPLOYMENT SITUATION reports I have accumulated table A12 Line U-6 data for May 2003 thru present, not seasonally adjusted.
Unemployment (Household Survey Data)
   
                                                                 Not seasonally adjusted              

                                                                 August  May     June    July    August 
                                                                 2002    2003    2003    2003    2003     
 
  U-6 Total unemployed, plus all marginally attached workers,        
     plus total employed part time for economic reasons, as a        
     percent of the civilian labor force plus all marginally     
     attached workers.........................................    9.5    9.7     10.6    10.5    10.0 
    1 Data not available.
    NOTE:  Marginally attached workers are persons 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 recent past.  Discouraged workers, a subset of the marginally
  attached, have given a job-market related reason for not currently looking for a job.  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.  For further
  information, see "BLS introduces new range of alternative unemployment measures,"  in the October 1995 issue of the Monthly Labor
  Review.  Beginning in January 2003, data reflect revised population controls used in the household survey.

63 posted on 09/25/2003 11:52:23 AM PDT by Starwind (The Gospel of Jesus Christ is the only true good news)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Starwind
The statistic you cite moves parallel to the unemployment reported. Keep in mind also that "civilian work force" includes people not looking for a job, which is why it is not used as a base in the reporting of the main statistic.
85 posted on 09/25/2003 12:37:28 PM PDT by TopQuark
[ Post Reply | Private Reply | To 63 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson