Unemployment Stats....As Of Spring/Summer 2012
snell/GOD & COUNTRY-zero cliques
2012/05/07 16:00:58
May 4, 2012, 12:33 pm
Unemployment, Beyond the Rate
By BINYAMIN
APPELBAUM
The unemployment rate is a measuring stick with many problems, one
of which is that it tends to shift our focus from a human tragedy to the
measuring stick itself, as if we were discussing the level of water in a
reservoir.
It is important to remember that we’re talking about people:
almost 23 MILLION Americans couldn’t find full-time work in April.
Americans Who Cannot Find Full-Time Work
(Source: Bureau of Labor Statistics)
The widely quoted “unemployment rate” of 8.1
percent reflects only the red portion of the chart, the 12.5 million people
who did not work in April, and actively searched for new work.
A broader “unemployment rate,” which carries the catchy name
U6, includes all the people in this chart, and stands at 14.5
percent.
That is a much more accurate measure of unemployment, but it too
has defects. One technical caveat is that the count of people who looked for
work in the last year but not in the last month, shown on this chart in green
and known to labor experts as “marginally attached,” is not seasonally
adjusted.
(Seasonal adjustments seek to exclude recurring fluctuations, like
holiday hiring or the surge of summer interns, to highlight underlying
trends.)
So the margin of error is slightly larger, and you won’t find this
particular mash-up on the Bureau of Labor Statistics Web site. I made it
myself. You’re welcome.
If you don't believe the N.Y. Times (certainly not a “Right-Wing” Source)
here it is straight from the Bureau of Labor Statistics:
http://bls.gov/news.release/empsit.htm
The civilian labor force participation rate declined in April to 63.6 percent,
while the employment-population ratio, at 58.4 percent, changed little.
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) was essentially unchanged in
April at 7.9 million. These individuals were working part time because their
hours had been cut back or because they were unable to find a full-time job.
In April, 2.4 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally
adjusted.) These individuals were not in the labor force, wanted and were
available for work, and had looked for a job sometime in the prior 12 months.
They were not counted as unemployed because they had not searched for work in
the 4 weeks preceding the survey.
Among the marginally attached, there were 968,000 discouraged workers in April,
about the same as a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they
believe no jobs are available for them. The remaining 1.4 million persons
marginally attached to the labor force in April had not searched for work
in the 4 weeks preceding the survey for reasons such as school attendance
or family responsibilities.
Top Opinion
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SK-LIBERTY OVER EQUALITY 2012/05/07 19:06:57
http://www.sodahead.com/unite...
Did you know that we LOOSE over 360,000 JOBS ( NEW - First Time Unemployment Sign Ups ) , Every Week .... and it was 450,000 just a few months ago . Now take that number X 4 and you get 1,440,000 NEW 1st. Timers EVERY MONTH ! How many did Obama " ADD " ?
Keep Beating The Drum , Redhorse ! Remind the Obama Sheeple that the so-called recovery is nothing but PROPAGANDA .
http://vipdictionary.com/img/...
The community democratically elects the school board. The school board is responsible for negotiating teacher contracts. Teachers have no power to negotiate because it is illegal for them to strike. Therefore, the school board, which is the extension of the community, is responsible for whatever is in the teachers' contract. Rethuglicans don't like democracy nor allowing the community to make their own decisions therefore they brain-wash stupid people and attempt to circumvent ( that means "find a way around") the will of the people.
The Unemployment Stats Are BOGUS And Subject To Manipulation .
The " REAL " Unemployment Average Is FAR MORE Than Reported .
They Only Use " NEWLY UNEMPLOYED " People In Those Figures .
EVERY WEEK The Government Releases Its WEEKLY UNEMPLOYMENT FIGURES .
Last Week There Were " 360,000 NEWLY UNEMPLOYED " ! ........ Now Take That Times Four ( X 4 to get a monthly figure of " 1,440,000 NEW 1st. Time Unemployed Signing Up ) . ...... . NOTE* - That's 17,280,000 Per Year ! ( some weeks were Much Higher . last year I saw some weeks at OVER 430,000 NEW UNEMPLOYED )
This is where it gets confusing .............. Now ADD all the jobs ADDED to the economy - and people called back during that time ( jobs added -to- jobs lost ) " and the Numbers Just Don't Add Up ! .... We ARE STILL LOSING JOBS AT A STAGGERING RATE .
The people on the books for over a few weeks " ARE NOT COUNTED " in their figures . Does this mean that they are no longer unemployed ???????
WHAT WE ARE WITNESSING IS " PROPAGANDA " .......... By Telling The BIG LIE Over and Over Again " The People " ( SHEEPLE ) Come To Believe It Is " TRUTH " !
Where I Live ( OHIO ) , The REAL Figure Is Pushing 20% Unemployment !
http://www.bls.gov/news.relea...
http://money.cnn.com/2012/05/...
~~~~~~~~~~~~~~~~~~~~ THROW THE BUM OUT ! ~~~~~~~~~~~~~~~~~~~~~~