Lies, Damned Lies and Government Jobs Data
May 7, 2012 5:42:57 GMT -5
Post by avordvet on May 7, 2012 5:42:57 GMT -5
With a true unemployment rate of between 18 and 24 percent and total of over Eighty Eight Million people out of work, the government continues to massage the numbers to put a rosy glow on them... Keep in mind that the unemployment rate during the Great Depression was around 25%
The Government cannot tell the truth, or there would be riots in the streets... Just as with the "Cost of Living" index where they remove Food and Fuel from the cost of living... Really? Last I checked, those were the MOST expensive of all "commodities" and they are not counted towards the index.
How much longer will YOU allow this farce to continue... as time is growing very short.
Resist
Lies, Damned Lies and Government Jobs Data
And there is statistical manipulation in the unemployment rate, too. The government’s reported unemployment number doesn’t include people who stopped looking for work, but who want jobs.
The Bureau of Labor Statistics says the unemployment rate is dropping, and fell from 10% in October 2009 to 8.2% now. That’s got the White House and media pundits saying an economic recovery has taken place, and that the President’s stimulus bill, which cost more than $750 billion to date, has driven unemployment down towards 8% as promised.
However, the unemployment rate is the number of people out of work but who are actively looking. The government doesn’t count in that rate the now 6.3 million who have given up and stopped looking for work, but want jobs. That number has grown from 5.7 million in January 2009.
So, this "improvement" in the unemployment rate is artificial -- it was due to workers giving up and dropping out of the labor force.
www.foxbusiness.com/investing/2012/05/02/emac/
The Government cannot tell the truth, or there would be riots in the streets... Just as with the "Cost of Living" index where they remove Food and Fuel from the cost of living... Really? Last I checked, those were the MOST expensive of all "commodities" and they are not counted towards the index.
How much longer will YOU allow this farce to continue... as time is growing very short.
Resist
Lies, Damned Lies and Government Jobs Data
And there is statistical manipulation in the unemployment rate, too. The government’s reported unemployment number doesn’t include people who stopped looking for work, but who want jobs.
The Bureau of Labor Statistics says the unemployment rate is dropping, and fell from 10% in October 2009 to 8.2% now. That’s got the White House and media pundits saying an economic recovery has taken place, and that the President’s stimulus bill, which cost more than $750 billion to date, has driven unemployment down towards 8% as promised.
However, the unemployment rate is the number of people out of work but who are actively looking. The government doesn’t count in that rate the now 6.3 million who have given up and stopped looking for work, but want jobs. That number has grown from 5.7 million in January 2009.
So, this "improvement" in the unemployment rate is artificial -- it was due to workers giving up and dropping out of the labor force.
www.foxbusiness.com/investing/2012/05/02/emac/