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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.


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Opinions

  • AL Thisism... 2012/05/08 05:50:48
    AL
    +2
    No one really needs to pay anyone- to see the real facts for themsleves!
  • Franklin Thisism... 2012/05/08 13:31:14
    Franklin
    +4
    how much did Media matters pay you to say that ? -
  • "Shooter" E-7 ™ 2012/05/07 21:12:37
    "Shooter" E-7 ™
    +10
    ARE YOU BETTER OFF TODAY THAN YOU WERE OVER 3 YEARS AGO??


    unemployed american sign
  • 4570GOVT "Shoote... 2012/05/08 02:52:33
    4570GOVT
    +6
    AWWW , HELL NO !
  • AL "Shoote... 2012/05/08 05:53:24
    AL
    +3
    Lets see now,I was still on a fixed income 4 years ago-When I was paying Half as much for Food and Gas! So I'll let the rest of you be the Judge then!
  • Franklin AL 2012/05/08 13:34:11
    Franklin
    +1
    yea fixed - by trying to "fix" the problems of the peopel who did not work back in the booming economy Obama has fixed the hell out of the rest of our economies !
  • Franklin "Shoote... 2012/05/08 13:32:55
    Franklin
    well we do all have more time to hang out in the parks smoking dope and raping young girls foolish enough to come down here when they know that place is full of animals Occupy
  • Jack Sprat 2012/05/07 20:51:42 (edited)
    Jack Sprat
    +7
    Yea, it was so bad that even the official liars of the administration's Pravada out reach consortium had to admit part of the truth...

    Here's another bend on it...
    "People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

    it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
    88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

    Labor force participation Rate:



    rate dipped 30 year 64 3 labor force participation rate



    rate dipped 30 year 64 3 labor force participation rate

    http://www.zerohedge.com/news...


    And obviously it can be laid back to Bush, they Hope Changing the focus will keep the lunes at bay 'cuz they'll fall for anything, just mention "Bush"
  • Soundstorm 2012/05/07 20:45:42 (edited)
    Soundstorm
    +8
    Liberals may not care much about what regular people are going through in this gloomy overcast economic climate but they sure do love their carefully edited statistics.
  • 4570GOVT Soundstorm 2012/05/08 02:54:44
    4570GOVT
    +4
    The Rich Liberal Elite ( 1% ers ) will try anything - PROPAGANDA - to fool the poor and stupid Sheeple .
  • AL 4570GOVT 2012/05/08 05:55:19
    AL
    +1
    Paying Twice as much for Food and energy Under Obama, is hardly what I would call Propaganda myself!
  • 4570GOVT AL 2012/05/08 13:39:59 (edited)
  • AL 4570GOVT 2012/05/12 07:16:37 (edited)
    AL
    +1
    Sorry about that,I missunderstood your point!
  • 4570GOVT AL 2012/05/12 08:28:40
    4570GOVT
    That's cool .
  • marcuss LIBERALS ARE TRAITORS 2012/05/07 20:37:41
    marcuss LIBERALS ARE TRAITORS
    +8
    All you will hear from the LWNJs is how great 0WEbama has done on the unemployment issue. HE FU@KING SUCKS and has not a clue of what he is doing...Its OBVIOUS to those who do not support 0WEbama.
  • Gooky 2012/05/07 19:59:19
    Gooky
    +7
    soup lines
    At least these people had soup lines...what will we have,under this idiot?
    fema camps
  • Jack Sprat Gooky 2012/05/07 21:07:12
    Jack Sprat
    +7
    Are these the comfy FEMA "3-person life pods" ?

    comfy fema 3-person life pods
  • Gooky Jack Sprat 2012/05/07 21:09:47
    Gooky
    +5
    lol~that's exactly it.
  • AL Jack Sprat 2012/05/08 05:59:34
    AL
    +1
    I'm sorry I have this occupy Riot I have to attend first! Yet do you think you can get the Catholic Church to spring for you Birth control needs as well?
  • Jack Sprat AL 2012/05/08 12:56:44 (edited)
    Jack Sprat
    ABsolutely Just hold this between your knees and put one between her knees and bam you got the whole smatzz, I'm sure the Church would approve. Caution though stay away from the Occutards rape rooms, drug dens and anyone who wants you "to go see a bridge".


    bottle of asprin
  • 4570GOVT Gooky 2012/05/08 02:56:26
    4570GOVT
    +3
    THOSE look like " FEMA COFFINS " to me . Everybody gets one , just for visiting CAMP FEMA !
  • Gooky 4570GOVT 2012/05/08 03:41:27
    Gooky
    +3
    Exactly...3 to a pod...
  • Franklin 2012/05/07 19:37:42
    Franklin
    +10
    funny thing is , bad as the real numbers are right now they are going to get a lot worse - LOL $4 a gallon for gas and >2% GDP growth ...and now France is going to need another BIG bail out while Russia says they are going to shoot at us if we don't get the hell out of Europe ....I almost pity that dumb ass (almost that is ) LOL@liberals trying to live down what they have done-
  • SK-pro impeachment 2012/05/07 19:06:57
  • 4570GOVT SK-pro ... 2012/05/08 02:57:55
    4570GOVT
    +3
    BINGO ! ......................... sad , but true .
  • doofiegirl BTO-t- BCRA-F ~... 2012/05/07 19:05:46
    doofiegirl  BTO-t- BCRA-F ~PWCM~
    +12
    The situation continues to slide straight down employment going to hell in a handbasket
  • Jack Sprat doofieg... 2012/05/07 21:10:38
  • Chi~Cat doofieg... 2012/05/07 21:30:22
    Chi~Cat
    +3
    I can think of some goodies for that basket.
  • doofieg... Chi~Cat 2012/05/07 21:56:08
    doofiegirl  BTO-t- BCRA-F ~PWCM~
    +3
    Tell me, tell me!
  • Chi~Cat doofieg... 2012/05/07 21:56:57
    Chi~Cat
    +2
    Whoa, slow down here! Ahhh, think you can imagine a few cocktails that sorta, you know, go boom!
  • 4570GOVT doofieg... 2012/05/08 02:59:02
    4570GOVT
    ........................ and " Why Are We Going To Hell In It " ?
  • doofieg... 4570GOVT 2012/05/08 07:44:44
  • 4570GOVT doofieg... 2012/05/08 13:42:31
    4570GOVT
    +1
    LMAO ! ..................... sad but true .
  • mustangluver 2012/05/07 18:52:02
  • 4570GOVT mustang... 2012/05/08 03:00:10
    4570GOVT
    +2
    Now ......... DOUBLE THAT for the " real number " .
  • mustang... 4570GOVT 2012/05/08 03:42:34
  • Charu ∞ijm♥∞ 2012/05/07 18:30:35
  • Franklin Charu ∞... 2012/05/07 19:29:48
    Franklin
    +11
    but then again there is only one job he gives a rats ass about ......his own !
  • Charu ∞... Franklin 2012/05/07 19:34:06
    Charu ∞ijm♥∞
    +8
    Absolutely! My question is...How far is he willing to go to keep it?
  • Elleryq... Charu ∞... 2012/05/07 19:39:43
    Elleryqueen
    +9
    As far and whatever it takes, legal or illegal. Push comes to shove he would throw his own family assuming it is his family, under the bus.

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