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  1. #1
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,556

    Real Unemployment

    What is the real unemployment rate?
    The government says it's about 8.1% right now, but it's
    using a number from the BLS (Bureau of Labor Statistics)
    called the U3. The U3 doesn't include people who gave up
    looking for work or people who took part time jobs in order
    to pay the bills. It's a percentage of the people in the “labor
    force,” which, since, 1994, has come to mean people who
    are currently actively looking for work.

    For example, let's say you live in a small town where you
    have 100 people who are gainfully employed at full-time
    jobs, and everybody who needs to earn a living is employed.
    The unemployment rate is zero percent. Then a business closes
    and 10 people are out of work. Now the unemployment rate
    is 10%.

    After 26 weeks of collecting unemployment, three of
    these 10 unemployed people quit looking for work.

    Now your labor force is 97, not 100.
    The number of unempolyed workers is 7, not 10.

    7 divided by 97 is 7.2 %. Yay, the unemployment
    rate has gone from 10% to 7.2 %. Yay, the
    economy is getting healthier!

    --Not.

    The BLS number which gives us a better approximation of the
    real unemployment rate is the U6. But there are those who
    say that even the U6 under-reports the actual unemployment
    numbers by a substantial margin. (See the note under BLS Table
    A-15, in the second link below. If you have been unemployed
    for more than 12 months, you might still be among those not
    counted.)

    What is the Labor Force Participation Rate?
    http://economics.about.com/od/unempl...abor_force.htm

    BLS Alternative measures of labor underutilization:
    http://www.bls.gov/news.release/empsit.t15.htm

    BLS Percent of population employed:
    http://data.bls.gov/timeseries/LNS12300000

    Real Unemployment Rises to 16.2% in June:
    http://cnsnews.com/news/article/real...million-people

    Alternate Unemployment Charts:
    http://www.shadowstats.com/alternate...loyment-charts
    Last edited by Space Racer; 05-04-2012 at 03:19 PM.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  2. #2
    Join Date
    Apr 2012
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    Paper Street Soap Company
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    2,304
    I think more and more people are catching on to this

  3. #3
    Join Date
    Dec 2005
    Location
    Cincinnati, Oh
    Posts
    5,042
    I highly doubt I would consider 50% of those considered "unemployed", as actually umemployed.
    "Better tell the sandman to stay away, because we're gonna be workin on this one all night."

    "Dude, you need more than 2 wires to a condenser to run a 2 stage heatpump."

    "Just get it done son."

    Dad adjusted

  4. #4
    Join Date
    Nov 2006
    Location
    Southeastern Pa
    Posts
    18,549
    If everyone who wants a job is included, the rate is about 22%.

    If you remove all those who gave up, about 8% is the rate.
    [Avatar photo from a Florida training accident. Everyone walked away.]
    2 Tim 3:16-17

    RSES CMS, HVAC Electrical Specialist

    AOP Forum Rules:







  5. #5
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,556
    Quote Originally Posted by commtech77 View Post
    I think more and more people are catching on to this
    I hope so.
    But I suspect the people who stick to the MSM for their
    information are pretty clueless.

    Many of us who have other sources have heard about this
    in bits and pieces, and would like to inform others, but we
    don't know enough about it to discuss it intelligently.

    Speaking of other sources, here's another one:
    In the weakest recovery since the Great Depression more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate -- essentially, persuading adults they don't need a job or the job they could find isn't worth having.
    http://www.upi.com/Top_News/Analysis.../?spt=hs&or=an

    A commenter at the bottom of this article says they may be leaving the labor force, but many of them are collecting social security, implying that:
    1. They chose to retire because they wanted to, not because they were forced to.
    2. They shouldn't be counted among the unemployed because they get to collect money from social security instead of from unemployment compensation.
    3. If they choose to be a burden on society instead of remaining in the workforce, that's fine with him. After all, it was their choice!
    4. That's what social security is there for. It's not just for retirement anymore. It's there to take up the slack for “disabled” people and people over the age of 62 who can't find a decent job and who are no longer eligible to collect unemployment compensation, regardless of the fact that they would prefer to earn their livings and pay their taxes, and regardless of the fact that one of the main reasons they find themselves in such a position in the first place is because of poorly conceived and poorly administered government policies.

    Welcome to the machine.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  6. #6
    Join Date
    Mar 2004
    Location
    SE Michigan
    Posts
    17,941
    Its all lies, deceit, and Obama tryin to cheat.
    Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people.

    Theodore Roosevelt

  7. #7
    Join Date
    Dec 2005
    Posts
    3,971
    whenever I watch the "MSM" they often mention those other numbers as well. Maybe not the local news station but any business station ie CNBC, FOX business etc, usually mentions them. They are not hidden to anyone who is interested. But you have to be willing to turn off the Kardashians for a minute and see whats always been going on in the real world.

  8. #8
    Join Date
    Sep 2002
    Posts
    2,735
    The jobs number this morning was 115k jobs added last month,they were looking for 160k.The expections were lowered after last months bad report ,the GNP is 2-2 1/2.no one is being fooled!

  9. #9
    Join Date
    Oct 2011
    Location
    Chicagoland Area
    Posts
    4,619
    The #'s they never include in any of the studies are the people who are capable of working who have never worked and have no intention of working. They may not be collecting unemployment benefits, but are still living off the gubmint in one way or another.
    They also don't include the recent grads who can't find a job.
    The stats posted claim from 8-15% unemployment rate. I'd bet The # is more like 25-30%
    Officially, Down for the count

    YOU HAVE TO GET OFF YOUR ASS TO GET ON YOUR FEET

    I know enough to know, I don't know enough
    Liberalism-Ideas so good they mandate them

  10. #10
    Join Date
    Nov 2006
    Location
    Southeastern Pa
    Posts
    18,549
    Here is an article by economist Peter Morici:

    http://www.foxnews.com/opinion/2012/...y-jobs-report/

    He's the guy you see on TV saying, "It's really not that complicated...!"
    [Avatar photo from a Florida training accident. Everyone walked away.]
    2 Tim 3:16-17

    RSES CMS, HVAC Electrical Specialist

    AOP Forum Rules:







  11. #11
    Join Date
    Feb 2006
    Location
    Atlanta,GA.
    Posts
    891
    some go on ssi (disability) and are not counted come to think of it my back hurts! LOL

  12. #12
    There's really only two unemployment numbers that matter.

    If you have a job, the unemployment rate is 0%

    If you don't have a job, it's 100%.

    Any number in the middle doesn't really mean anything. Lies, damned lies and statistics.

  13. #13
    Join Date
    Jan 2001
    Posts
    7,811
    Yes, there is nothing hidden about this really..... its been going on for years and years......its been discussed...or argued about in here many times.

    Going back 15 years or so it is THE number..... probably couldnt use it to compare to numbers back in the early 80s or before......but the numbers since then....the 90s or so...... its what the gov choses to use to fool us.

    There is another part of the population that is uncounted....and its the younger generation who just chose never to work. I have 2 nephews and know other folks with kids or nephews or neices who are in their twenties and have never worked a day in their life..... sponging off relatives.......letting family support them...... they dont want to work......but cant get government assistance no matter how hard they try.

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