UNEMPLOYMENT

[Wilma]

Maybe this should be in politics, but I bet I get an answer anyway.  How is the unemployment rate figured?

[Patriot]

Generally, as I understand it, from the number of people drawing unemployment from the government.  The problem with that formula is that it does NOT count people who are not receiving the payments or who have taken part time jobs to 'fill in'.

Thus, while the REPORTED unemployment rate in the US is 9.8%, the actual number of people who are unemployed or have taken part time jobs at way less than they need is ACTUALLY closer to 17 or 18%.

Sad, ain't it?  In order to prevent public panic, the govt reports figures that are 'adjusted'... allbeit not real.  Just like they report jobs that are created or 'saved'... and even then get caught misstating the real numbers.

[srkruzich]

Sad, ain't it?  In order to prevent public panic, the govt reports figures that are 'adjusted'... allbeit not real.  Just like they report jobs that are created or 'saved'... and even then get caught misstating the real numbers.

Hmm sounds lik chicago style politics, cooking the books and all.

[redcliffsw]

Actually, this is another area the Fed's should not be. 

[Patriot]

Gee... just when The Chicago Thugs said things were gettin better:  New Unemployment rate:  10.2%

[Diane Amberg]

That kind of accounting has gone on forever, its sure not new.

[Anmar]

Yes, this belongs in politics.

Yes the number is not an accurate representation of the actualy unemployment rate.

Yes, this is the same method that has been used for 40+ years to calculate the rate

Yes, the term "chicago style politics" is overused, meaningless,  and has nothing to do with the unemployment rate.

[srkruzich]

Yes, this belongs in politics.

Yes the number is not an accurate representation of the actualy unemployment rate.

Yes, this is the same method that has been used for 40+ years to calculate the rate

Yes, the term "chicago style politics" is overused, meaningless,  and has nothing to do with the unemployment rate.

Oh sorry well lets quit beating aroudn the bush.  The reported rate is nothing more than male bovine excrement!  Its cooked up, pulled out of the air to hide the fact that the administrations policies are failed.   Why else would they hide the true rate of unemployment.

[Anmar]

I agree, but every administration has done it.  Thats why i laugh when someone complains that Obama has lied.  It's dumb.  Show me a president that hasn't lied in the last 80 years.  He's not doing anything that any other president hasn't done already.  When it comes to lying, Nearly every political partisan on both sides is doing it quite frequently.  Look at the healthcare debate.

[Patriot]

I agree, but every administration has done it.  Thats why i laugh when someone complains that Obama has lied.  It's dumb.  Show me a president that hasn't lied in the last 80 years.  He's not doing anything that any other president hasn't done already.  When it comes to lying, Nearly every political partisan on both sides is doing it quite frequently.  Look at the healthcare debate.

Just cuz bobby peed in the water fountain last year doesn't mean we can't call johnny on it this week.