They Count Only Who They Want To Count
Rest go poof.
Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising
"Jan. 9 (Bloomberg) -- An exodus of discouraged workers from the job market kept the U.S. unemployment rate from climbing above 10 percent in December, economists said.
Had the labor force not decreased by 661,000 last month, the jobless rate would have been 10.4 percent, according to economists including David Rosenberg at Gluskin Sheff & Associates in Toronto and Harm Bandholz at UniCredit Research in New York.
“The actual unemployment rate is higher than shown by the official numbers,” Bandholz said yesterday after a Labor Department report released in Washington showed the economy unexpectedly lost 85,000 jobs in December while the jobless rate was unchanged.
About 1.7 million Americans opted out of the workforce from July through December, representing a 1.1 percent drop that marks the biggest six-month decrease since 1961, the Labor Department report showed. The share of the population in the labor force last month fell to the lowest level in 24 years.
The so-called underemployment rate -- which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking -- rose to 17.3 percent in December from 17.2 percent.
The number of discouraged workers, those not looking for work because they believe none is available, climbed to 929,000 last month, the most since records began in 1994."
Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising
"Jan. 9 (Bloomberg) -- An exodus of discouraged workers from the job market kept the U.S. unemployment rate from climbing above 10 percent in December, economists said.
Had the labor force not decreased by 661,000 last month, the jobless rate would have been 10.4 percent, according to economists including David Rosenberg at Gluskin Sheff & Associates in Toronto and Harm Bandholz at UniCredit Research in New York.
“The actual unemployment rate is higher than shown by the official numbers,” Bandholz said yesterday after a Labor Department report released in Washington showed the economy unexpectedly lost 85,000 jobs in December while the jobless rate was unchanged.
About 1.7 million Americans opted out of the workforce from July through December, representing a 1.1 percent drop that marks the biggest six-month decrease since 1961, the Labor Department report showed. The share of the population in the labor force last month fell to the lowest level in 24 years.
The so-called underemployment rate -- which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking -- rose to 17.3 percent in December from 17.2 percent.
The number of discouraged workers, those not looking for work because they believe none is available, climbed to 929,000 last month, the most since records began in 1994."
posted by nolocontendere at 10:16 PM
3 Comments:
不需要的发送同样的消息到多个新闻组执行绞刑的人车发送同样的消息到多个新闻组负责操行的电影行刑队不需要的发送同样的消息到多个新闻组断头台电影扔出去窗口极痛苦和凄惨的死亡发送同样的消息到多个新闻组
Another reaon the unemployment numbers are bullshit is that, because so many people are "self-employed" these days as "independent contractors" etc., and are therefore not eligible for unemployment, when their self-employment gigs end they aren't counted as unemployed. So I'll bet the true unemployment rate is double the official number. When you consider that the overall average unemployment rate from 1929-1939 was 19%, I think its safe to say we're suffering Great Depression 2. But of course, nothing is so until the corporate news media says it is...
Absolutely correct Mad. Every now and then they tweak the counting procedure to dump more inconvenient numbers over the side. It's becoming an unrealistic bubble just like everything else, divorced from reality to maintain the freak show.
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