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If I were to pick the most dishonest case of statistical
skullduggery, it would probably be the official unemployment
rate in the United States. As in Canada, this rate -now
claimed to be down to five per cent - completely disregards
the millions of people who have given up looking for work,
as well as those who are working fewer than 20 hours a week
but would prefer full-time jobs. The calculation of the U.S.
unemployment rate, however, is done much more deceitfully,
and with some of the most blatant statistical perversions
For that country's business and political leaders, it
is important that the national jobless rate reflect the
merits of their policies. Mass layoffs, part-time work, job
insecurity, big corporate tax breaks, cuts in welfare and
UI benefits are not conducive to a lower rate of
unemployment. In fact, they invariably have the very
opposite effect. But the big corporations and their
political flunkeys want to convince the American public
that their free market approach benefits workers as much as
shareholders. And how better to peddle that lie as the
truth than with the crafty misuse of statistics.
posted by mdv2
Pretty much sums up why the rate is ''records low''.
Originally posted by In nothing we trust
What I'd like to know is, 'does a realtor who hasn't sold a home in 3 months count as employed or unemployed'?
How about a mortgage broker who hasn't refinanced someones credit crad debt into a home equity loan in over 3 months?
How about a down sized auto worker who takes on a job at home depot? Does that count as employed or under employed?
A reservest who leaves his civil servant job to goto Iraq? Is he still counted as employed or just deployed?
Originally posted by jsobecky
It would be great if you would post the source of your information instead of just giving us an excerpt.
Originally posted by WyrdeOne
The unemployment numbers are not a reflection of how many people in the country are unemployed.
* They do not count people who never applied for benefits after losing their job.
* They do not count people who have exhausted their benefits and are still out of work.
* They do not count people who are critically underemployed.
* They do not count people who are not eligible for benefits.
* They do not count people who are self-employed.
The unemployment numbers are a reflection of one thing, and one thing only - how many unemployed people are on the government tab at any one time.
Anyone who thinks that only 4.4% of the country is out of work needs a reality check.
The problem is much, much more severe.
So while you sit in your +$500,000.00 house looking out over the neighborhoods of the poor, just remember, they are almost fed up enough to strike back in the only way they can.
1- Decline of vital industries through bankruptcy, foreign predatory competition, and foreign acquisition.
2- Inability to manufacture competitively
3- Overdependence on imports
4- Massive wealth transfer to foreign ownership
5- Loss of job and career opportunities for people at all educational levels
6- Transition to low-paying services-oriented (“servant”) economy
7- Insourcing of foreign manufacturers destroys our domestic industries, takes profits and taxes overseas, and provides only low-skill jobs for American workers
8- Foreign financing of vast majority of government debt
9- Record levels of personal and government debt
10- Misleading commonly used economic statistics: misleading incomplete statistics like GDP, job creation, and productivity belie our crumbling economic infrastructure
Most of the hiring in October was in service industries, where 152,000 jobs were created, while goods-producing industries shed 60,000 jobs.