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Unemployment Stats....As Of Spring/Summer 2012

snell PWCM/AVA~GOD & COUNTRY!!! 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

  • Barefoo... Elleryq... 2012/05/07 20:06:35
    Barefooted Nana ∞ijm♥∞AFCL
    +7
    I truly believe you are correct....
  • Sherloc... Elleryq... 2012/05/08 06:05:31
  • Elleryq... Sherloc... 2012/05/08 15:21:31
    Elleryqueen
    +1
    Hit the nail on the head. Great video. Too bad can't give more than one rave. This deserves a bunch of raves.
  • Sherloc... Elleryq... 2012/05/08 18:40:15
  • snell P... Barefoo... 2012/05/08 04:18:59
    snell PWCM/AVA~GOD & COUNTRY!!!
    +3
    well he's trying for a second term isn't he? He doesnt think we're 'do'ooone enough on just one side he wants flip us over and 'do'ooo the other side to.
  • Barefoo... snell P... 2012/05/08 04:36:13
    Barefooted Nana ∞ijm♥∞AFCL
    +2
    Yes he is and so true...it's that flip I am concerned with, just sayin....
  • Old Salt 2012/05/07 18:07:12
    Old Salt
    +11
    Well ONE thing that we can CORRECTLY say that obama has done to reduce unemployment is to say he has reduced it in Brazil & Columbia! They are busy creating high paid jobs in the Oil and Gas business with his support.

    Unfortunately here.... 70% of the few 119,000 jobs created here in the United States were "LOW PAID" service industry jobs.

    We need 350,000 new jobs per month JUST to keep up with the population numbers and kids graduating from high school or college!

    OBAMA IS A 100% FAILURE!!!!!

    obama failure
  • Franklin Old Salt 2012/05/07 19:34:26
    Franklin
    +7
    don't forget the GE plants in India and the new GM plants in Mexico ...he has created a lot of jobs just not HERE ! LOL GE india GM plants in  Mexico
  • Lanikai Franklin 2012/05/07 19:52:17
    Lanikai
    +4
    All that to protect some union jobs.
  • Jack Sprat Franklin 2012/05/07 20:44:56
    Jack Sprat
    +2
    Not to mention the new factories to produce a knock off plane engine with Boeing technology by one of our Jobs Czars, Imelt, runner of PMSNBC, GE and grand suck up to Bomba the Kenyan nut.
  • Old Salt Franklin 2012/05/08 05:44:49
    Old Salt
    +2
    Mexico and India HELL!!!! Emelt wants to build a Brand New Commercial airline manufactoring plant in China that will put BOEING out of bussiness!

    obama is 100% on board with it too! :(
  • Jack Sprat Old Salt 2012/05/07 21:13:09
    Jack Sprat
    +3
    Oddly, we can't really tell if it's failure or coming our the way it's planned.

    oddly failure planned
  • JT For Political Reform 2012/05/07 18:02:12
    JT For Political Reform
    +8
    All the left is good at is jumbling figures to make what they want you to believe look credible. Too bad they don't spend more time thinking about how to create jobs instead of creating BS.
  • Hippygirl JT For ... 2012/05/07 22:24:44
    Hippygirl
    Yeah because the Republicans politicians are so honest and never spread BS.(eyes rolling)
  • JT For ... Hippygirl 2012/05/07 23:40:05
    JT For Political Reform
    +2
    Show me someone on the left that is honest....lmao. NOBODY. All we get from you is BS.
  • Hippygirl JT For ... 2012/05/08 00:31:29
  • JT For ... Hippygirl 2012/05/08 10:43:06
    JT For Political Reform
    +1
    I never said they are honest. I'm tired of hope and change that never came but only in the form of less freedom through excutive orders that take away those freedoms. Read and learn where this country is going under the present administration. DO YOU WANT TO BE UNDER UN CONTROL?
  • Thisism... JT For ... 2012/05/08 01:12:33
    Thisismyname
    So tell us all about those jobs! jobs! jobs! Bills Boehner made. Oh right, you're easily distracted from his record breaking disapproval.
  • JT For ... Thisism... 2012/05/08 10:45:25
    JT For Political Reform
    +1
    Reid has stopped everything that the conservatives have tried to push through congress and you know it. The problem is you only see one side of the the picture. It takes two to make the world go around, it takes one to stall the whole process. You can stop with the BS now because you proved either (1) your are illiterate or (2) just plain blind.
  • Username? What's that? 2012/05/07 17:58:32
  • Franklin Usernam... 2012/05/07 19:34:51
    Franklin
    +5
    I feel "stimulated" don't you ? LOL
  • maggiemay 2012/05/07 17:53:58
  • belle 2012/05/07 17:45:23
    belle
    +9
    Since Obama is wanting to win in Nov, we know we will never hear the truth from Obama or anyone in his administration. Snell. As usual another good post.
  • Lanikai belle 2012/05/07 20:08:21
    Lanikai
    +5
    or anyone in the obie media gulag.
  • SteveMarine- JLA 2012/05/07 17:32:54
    SteveMarine- JLA
    +11
    Just remember that obama has gotta go.....or America will fall.
  • Sherlock Dog BL - a Gazillion 2012/05/07 17:29:17
  • Temlakos~POTL~PWCM~JLA~☆ 2012/05/07 17:08:36
    Temlakos~POTL~PWCM~JLA~☆
    +12
    UNEMPLOYMENT CLERK: There is no unemployment!

    APPLICANT: Then why are you running this unemployment office?

    CLERK: Because if we didn't, I would be out of work.
  • snell P... Temlako... 2012/05/07 17:23:01
  • whitewulf--the unruly mobster 2012/05/07 17:05:08
  • Jack Sprat whitewu... 2012/05/07 20:34:45
    Jack Sprat
    +3
    Bo is only trying to make up for the crop loss of the shut down of irrigation pumps, suprisingly in the Republican district of the Central Valley, gutting 80,000 jobs, by producing enough natural fertilizer.
  • ReconMarine~AVA/POTL/JLA/PWCM 2012/05/07 16:45:26
  • Chi~Cat 2012/05/07 16:43:53 (edited)
    Chi~Cat
    +9
    It's what this bogus admin does best...fudge numbers then create hysterical non-issues to deflect what's really going on.

    I heard a good one from a Highland Park libbie: "We (i.e., the guvmint) needs to spend as much money as we can and that will create jobs!" Just about fell over from laughing so hard.

    edit: (i.e.,...)
  • whitewu... Chi~Cat 2012/05/07 17:04:41
  • Chi~Cat whitewu... 2012/05/07 17:19:39
    Chi~Cat
    +7
    lol! Yeah, right!
  • Muriel Chi~Cat 2012/05/07 17:11:09
    Muriel
    +5
    Good grief! Is there no shame?
  • Chi~Cat Muriel 2012/05/07 17:19:22
    Chi~Cat
    +6
    Evidently, not, Muriel. Funny thing was, he was so agitated, his voice became octaves higher and shrilly!
  • Jack Sprat Muriel 2012/05/07 20:41:51
  • SK-LIBE... Chi~Cat 2012/05/07 19:10:07
    SK-LIBERTY OVER EQUALITY
    +4
    After you picked yourself up did you ask him what the correlation in the two were? Of course he would have reviled you for asking such a difficult question.
  • Jack Sprat Chi~Cat 2012/05/07 20:41:10
    Jack Sprat
    +1
    Are you sure that wasn't Hyde Park, under the friends and family program? Oh yea, the libs have better grammer in Hyde Park, just as stupid, just better spellers.

    So did you get your dividend check from the Dixon Democrap that stole $53 million for her "horse stable"? I'm sure it's coming, be sure to check your mail box everyday. Well, it wasn't like it was anybody's money, only the taxpayers.
  • Chi~Cat Jack Sprat 2012/05/07 21:00:52
    Chi~Cat
    +1
    It most certainly was from Highland Park! Whiner it was!

    Yeah, and not one soul noticed $53m, eh? That's b/c the others were stealing, too! Oh, yeah, check the ol trustworthy mailbox here? If I ever need mail, I just scope out any mail truck parked at a tavern, pop open the trunk and voilà. That's where they all get busted! Wanna go to Arlington?!!! lol~

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