PERCENTAGE OF THE UNEMPLOYED: Much Higher Then Reported; Are You a 99er?
doc moto
2012/05/25 02:48:14
99 Weeks had passed over a year ago! The extension of the unemployment benefits as voted on by congress had more then well passed; so what else was done? Nothing! The numbers are not report properly and any excuse to say all is well is used and any distraction by the current administration is used, any crises, Arab Springs, troop extension, Iran gate, flood gates, possible race riot, anything to take the eye off of the economy!!! Obama is running out of excuses and folks to blame! Tax and spend, TAX who, with what, the rich, they will find another way to get out of the way! The poor people to middle class, WHAT MIDDLE CLASS???
You say it is isolated; sure, make all the excuses you can! It has to get better, but there is sure a problem with help from the White House with greater spending and a growing federal government employment, yes, you can work for the IRS to milk the poor people, the old middle class! Unemployment over 20% and growing... Just go to your state unemployment office and get the numbers of those that are looking! Tell them you are studying the state and county capability on staffing whatever you think would be helping the county/state where you live; ask then for the numbers of qualified engineers, managers, supervisors, workers with college education and high school diplomas and those with specialized training in whatever machine operator or whatever; they will give you some numbers that would choke your windpipe!
What say you? Got numbers, are you employed by the GSA or other federal government position? Then you are safe and probably not on this forum as you are having a beer and enjoying yourself socializing!
Is that economy getting better; what do you think?
Read More: http://www.youtube.com/watch?v=CwpdGyIY2fQ
Hiding A Depression: How The US Government Does It
http://www.financialsense.com...
The real US unemployment rate is not 9.8% but between 25% and 30%. That is a depression level of job losses - so why doesn't it look like a depression for many people? How can so large of a statistical discrepancy exist, and how is it that holiday shopping malls are so crowded in a depression?
The true devastation is hidden by essentially placing the job losses inside three different "boxes": the official unemployment box, the true full unemployment box, and most importantly, the staggering and persistent private sector job loss box that has been temporarily covered over by a fantastic level of governmental deficit spending. The "recovering and out of the recession" cover story is only plausible when nobody connects the dots and adds all the boxes together.
We will add together the three boxes herein - using US government statistics for all three - and convincingly show that the US economy is in far worse condition than what is presented by the government or by the mainstream media. No, we have not emerged from "recession" and there will be no "double dip" - because the first "dip" was straight down to a depression-level econom...
Hiding A Depression: How The US Government Does It
http://www.financialsense.com...
The real US unemployment rate is not 9.8% but between 25% and 30%. That is a depression level of job losses - so why doesn't it look like a depression for many people? How can so large of a statistical discrepancy exist, and how is it that holiday shopping malls are so crowded in a depression?
The true devastation is hidden by essentially placing the job losses inside three different "boxes": the official unemployment box, the true full unemployment box, and most importantly, the staggering and persistent private sector job loss box that has been temporarily covered over by a fantastic level of governmental deficit spending. The "recovering and out of the recession" cover story is only plausible when nobody connects the dots and adds all the boxes together.
We will add together the three boxes herein - using US government statistics for all three - and convincingly show that the US economy is in far worse condition than what is presented by the government or by the mainstream media. No, we have not emerged from "recession" and there will be no "double dip" - because the first "dip" was straight down to a depression-level economy in 2008/2009, and we haven't come back up.
Creating artificial "free money" on a massive scale that artificially boosts short-term employment is how you segment depression level unemployment into the separate boxes and hide what is really happening. It is this radical strategy that most distinguishes the current downturn from the 1970s and 1930s. The ultimate source of most of the current "free money" that hides the depression is the government risking the impoverishment of US savers and investors for potentially decades to come, with the worst of the damage concentrated on retirees and Boomers.
To have a chance of defending your hoped-for future lifestyle, there is simply no substitute for seeing the truth clearly. For it is only when we see through the lies with clarity that we can distinguish the false opportunity of manipulated markets from the real opportunities that can be found in unexpected places.
The graph above is our starting point and first "box". It is the "headline" rate of unemployment in the US that is featured in newspaper articles and discussed on the cable business news. As of November 2010 the official US unemployment rate was 9.8%. While that's deeply painful, and unemployment rates since 2008 have been the highest seen since the end of the Great Depression (with the exception of the 10.8% peak in 1982), 9.8% is not a depression level unemployment rate.
Real Unemployment (Box 2)
As economists and political decision makers know quite well, the "official" unemployment rate is not the full rate of US unemployment. The "official" rate is technically known as the U3 rate of unemployment, and it is a politically advantageous partial accounting for the unemployed. The U.S. Bureau of Labor Statistics calculates unemployment 6 different ways, U1-U6, and it is only in the U6 statistic that all the categories of unemployment are added together.
The two biggest differences between the U3 official rate of unemployment and the U6 full rate of unemployment are in the treatment of the long-term unemployed and involuntary part-time workers. If you've been out of work for a long time, you badly want a job, but you know from your long search that nobody in your area is hiring; you already have applications on file at every reasonable prospect, and you haven't filled out a new application recently - then from an official perspective (U3), you are not only no longer unemployed, you just became a non-person altogether. Alternatively, if you have a master's degree in engineering, lost your job, and are working 15 hours a week (the most you can get) in a convenience store at minimum wage to keep a little money coming in, then from an official (U3) perspective you would be fully employed. In contrast, U6 is the most inclusive measure of unemployment, as it includes both the long-term unemployed and the involuntary part-time categories. Thus, individuals in each of the situations described above would be included in the U6 measure.
(See link above for the rest)