accuracy does not decline- it goes into hibernation. This is nothing but pure skullduggery and underhandedness.
(polite way to say- A LIE)
Do You Believe the ACTUAL Unemployment Rate is 7.9%
Transquesta
2013/02/03 07:07:27
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18 votes
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13% | |||
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118 votes
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87% | |||
Truncated from:http://www.cnbc.com/id/100426559
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Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve's monetary policy or instill confidence that the recovery is gaining steam.
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Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve's monetary policy or instill confidence that the recovery is gaining steam.
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Read More: http://www.cnbc.com/id/100426559
Top Opinion
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les_gvt 2013/02/03 07:11:53No. The accuracy of official unemployment figures declines over the course o...





















many people that were laid off due to economy, jobs shipped overseas, account loses by employers, and many who were denied unemployment (through no fault of their own). Some couldn't find any job and benefits ran out or the length of time (months or weeks) for benefits to be paid were shortened by their states.
This one is truly sad. A conscientious, hard-working friend was laid off a job after being employed 10 years there. He had worked in construction most of his life. He was divorced and supporting 2 young daughters. He lost his medical benefits, of course, and had high blood pressure. His unemployment benefits run out.
I, later learned that he couldn't afford the community health clinic with the sliding scale ($20 per visit plus prescription) that I had urged him to go to. He died suddenly of a stroke leaving his two heartbroken little girls fatherless. His death was so unfair.
Lets still base my opinion on the 23 million that used to be unemplyed, that figure is slightly lower, and now that these illegals are "legal" according to Obummer that means that there are 34 million out of work and that figure is slightly lower..and the unemployment rate that was at 7.9% just rose with those added 11 million to over 8.5% or more.
I am still wondering where the hell Obummer is going to get the money because surly all 11 million are not going to qualify under the conditions Obummer is asking.
does not include those who are unemployed & not collecting anything.
But the unofficial unemployment and underemployment rate is greater.
Year Pop in millions Total Employed
2002 287 1564088
2003 290 1559947
2004 292 1577028
2005 295 1604328
2006 298 1633092
2007 301 1651136
2008 304 1641532
2009 307 1569442
2010 309 1558274
2011 311 1576313
2012 314 1598896
Not trying to be an "ignorant conservative" just I don't feel like searching 39 million different sites.
Similarly, the real inflation figure is MUCH higher than the CPI: The government has continually changed the CPI calculation to make it look better, and today it doesn't even include food IIRC...so it's totally nonrepresentative of the average cost of living. Moreover, the very idea of the CPI assumes that prices "should" stay the same, yet it's a broken assumption: Since industrialization, advances in production have regularly created more wealth and abundance for the same labor input. With a constant money supply, that means prices should actually decrease over time on average, and average buying power should increase. (This still holds in those few fast-paced industries that manage to outpace inflation...like the technology industry.) Even if the "real" CPI was 0%, the continual printing of money (especially the expansion of the monetary base) would still only be hiding the gradual price decreases we should all be enjoying but aren't.
Obviously, on a bureaucratic level, it's next to/outright impossible to quantify such a widely divergent group--which is precisely why you answered incorrectly. :-D There can be no 'accurate' measure. It's like trying to count the number of grains of sand on all the beaches of the world.