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Real Unemployment Rate … 19+%

March 21, 2012

Whenever I visit the blogs of liberals I find it amazing at just how ignorant they really are. Here is an example of what I’m talking about. The following post is on one very liberal blog site …

Bad News For Republicans and Right-Wing Sheep: Economy Added 227,000 Jobs in February

“In yet another sign of a strengthening recovery, the United States added 227,000 net jobs in February, the third consecutive month of gains over 200,000. The unemployment rate was unchanged from 8.3 percent in January, the Labor Department reported Friday, as nearly a half million people who had been staying on the sidelines rejoined the search for work.”

That’s about it. This is the kind of crap that liberals buy into and spout off as fact, when in reality, it nothing but certified b.s.

Being conservative we’ll seek out what the facts really are and the facts are very different than what our liberal friends would have us to believe.

The following is a very informative piece by Daniel R. Amerman, CFA

Making 9 Million Jobless “Vanish”: How The Government Manipulates Unemployment Statistics

When we look at broad measures of jobs and population, then the beginning of 2012 was one of the worst months in US history, with a total of 2.3 million people losing jobs or leaving the workforce in a single month. Yet, the official unemployment rate showed a decline from 8.5% to 8.3% in January – and was such cheering news that it set off a stock rally.

How can there be such a stark contrast between the cheerful surface and an underlying reality that is getting worse?

The true unemployment picture is hidden by essentially splitting jobless Americans up and putting them inside one of three different “boxes”: the official unemployment box, the full unemployment box, and the most obscure box, the workforce participation rate box.

BLS Data G 031212.xlsx

 

As we will explore herein, a detailed look at the government’s own data base shows that about 9 million people without jobs have been removed from the labor force simply by the government defining them as not being in the labor force anymore. Indeed – effectively all of the decreases in unemployment rate percentages since 2009 have come not from new jobs, but through reducing the workforce participation rate so that millions of jobless people are removed from the labor force  by definition.

BLS Data G 031212.xlsx

More right HERE

One Comment leave one →
  1. March 26, 2012 1:09 am

    Once you are no longer eligible to receive unemployment benefits, you fall off the rolls and are no longer counted. Basically, you cease to exist.

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