On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent
On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession. In fact, according to the Wall Street Journal, some Federal Reserve officials believe that “the U.S. economy is already at full employment“. But how can this possibly be? It certainly does not square with reality. Personally, I know people that have been struggling with unemployment for years and that still cannot find a decent job. And I get emails from readers all the time that are heartbroken because they are suffering through extended periods of unemployment. So what in the world is going on? How can the government be telling us that we are nearly at “full employment” when so many people can’t find work? Could it be possible that the government numbers are misleading?
It is my contention that the official “unemployment rate” has become so politicized and so manipulated that it is essentially meaningless at this point. The following are 10 reasons why…
#1 Since February 2008, the size of the U.S. population has grown by 16.8 million people, but the number of full-time jobs has actually decreased by 140,000.
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now the massive lie has only occured during democratic administrations,right?no republican would ever stoop to this,right?
ReplyDeleteIncluding people we pay to shovel snow doesn't count!!!
ReplyDeleteWait until the next fiscal quarter, when at midnight on Friday, they will "revise" those numbers.
ReplyDeleteEvery Democratic liberal cheerleader gloats over those numbers. They are off by a margin of about 4-7 points (low) and EVERYONE knows it.
Sort of like how dictators claim 99% of the people voted for them.
NEVER trust the statistics of someone who has skin in the game....ESPECIALLY those given to you by politicians.
Keep cheering.
I see too many on housing vouchers, food stamps, and unemployment to believe this line of BS from our gov't!
ReplyDeleteThere are a record number of employed people requesting public assistance. The problem is, most of the jobs out there are now in the service sector, and most of them only pay minimum wage or slightly more for just 30 hours or less.
ReplyDeleteFull time jobs are very difficult to find since the great recession started in 2008. Even with two incomes, it is very difficult to get by with the cost living and food going through the roof.
It's no wonder there are more young adults still living at home with their parents. Even the elderly have had to move in with their children. Just by my own personal experience, things are not all that great out there.
And you wonder why there is resentment concerning BOE and teachers salaries? They are still taxing me at pre-recession levels! Something has to give!!!
Oh yeh somethings gonna give.. but remember the postal workers have hollow point IRS too..so when food stamp and welfare funds stop flowing...police have tanks..they are ready ..are you?
ReplyDeleteStop libtards mean well they just lie cheat steal and impose unrealistic ideals
ReplyDeleteAnyone whose unemployment has run out, is not counted as "unemployed". Those who've given up, and just work under the table for enough cash to survive day to day, are not counted as unemployed. Someone who has only found a part time job, eight or ten hours a week, is also "not unemployed"...so the numbers don't tell the real story.
ReplyDeleteA more indicative tally, would be the real percentage of non-disabled adults under 65, that are actually employed. Counting all the able-bodied welfare recipients, since they ARE unemployed. They don't work, but they could. So there is no reason to treat them as if they aren't expected to work.
I bet the real "employment rate" of those not enrolled in school full time, 18-65 and not too disabled to work, is only about 45 to 50% tops.
707, You are probably the low bidder!
ReplyDelete