To: andy58-in-nh
Unemployment Rate = # of Unemployed/Labor Force. The key is in order to be counted as unemployed and part of the labor force you have to be actively seeking a job. So you can no longer be counted as unemployed because you gave up looking for a job so that is what happened in June.
19 posted on
07/02/2010 5:41:36 AM PDT by
C19fan
To: C19fan
I have the numbers now. Holy crap. As you noted, the number of people who are now counted as "not in the labor force" increased from May to June by 842,000. Now, look at the increase in the number of people not in the labor force since June 2009: 3,054,000. Over three million people dropped out of the labor force since last June - and that, folks is how you keep the "official" unemployment rate below 10%. Lying with statistics for dummies.
35 posted on
07/02/2010 5:48:00 AM PDT by
andy58-in-nh
(America does not need to be organized: it needs to be liberated.)
To: C19fan
Who is counted as unemployed? Only those drawing unemployment or by polling households? I have seen reference to both methods but don’t know what the government uses in official figures.
135 posted on
07/02/2010 10:56:18 AM PDT by
Tammy8
(~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
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