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Us Unemployment Rate 11,9%


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#1 pacific

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Posted 26 April 2003 - 12:05 PM

US Unemployment Rate 11.9%, naw coudnt be.
This is not even counting those who are unemployed for so long that they dont even count in the labour force.

[source: April 7 {WSJ} article, "Labor Market May be Softer than Reported;" Dept of Labor Bureau of Labor Statistics]

THE WALL STREET JOURNAL HAS DISCOVERED THAT OFFICIAL U.S. UNEMPLOYMENT DATA HIDE REAL UNEMPLOYMENT. Hundreds of thousands of Americans have lost their payroll jobs during the last few months, but the official U.S. unemployment barely rose from 5.7% to 5.8% between January and March. Even the Wall Street Journal recognizes that this is impossible, and is becoming a scandal.

Today's issue states that, "with all that is going wrong in the U.S. economy, economists are starting to suspect that the current unemployment rate of 5.8% ... could be underestimating the true level of distress in the labor market."

The Journal reports some ways by which the Labor Department Bureau of Labor Statistics "misses" the real number of unemployed. "Many laid-off workers ... are simply setting themselves up as independent consultants operating from their home offices." They are self-employed.

Many of these "self-employed" consultants may work only one-third as many hours as they did when they had a job--or have no clients and thus have no work at all--but they are still counted by the BLS as employed.

The Journal states that others, after months of futilely searching for jobs may have become "too discouraged to look for work"--indeed, this category has risen by 360,000 workers during the past year.

But the BLS has made "too discouraged to look for work" as a category within "Not In the Labor Force"; however, in order to be counted as unemployed, a worker must be classified as "In the Labor Force."

Thus, the "too discouraged" are not considered as unemployed.

Further, the Journal states, "some are simply opting to take what they can get, working part-time at low-wage jobs that provide some health benefits."

These workers are "Part-Time for Economic Reasons."

The number of such workers has increased by 500,000 during the past year.

{EIR} has determined a real unemployment level:

- Table 1 -

EIR's Level of Real Unemployment, March 2003

Official Unemployment 8.45 million

"Want a Job Now" 4.76 million

"Part-Time for Economic Reasons 4.70 million

Total Unemployment 17.91 million

Unemployment Rate 11.9%

Of the 8.45 million whom the BLS reports as being officially unemployed, 1.90 million, or 22%, have been unemployed for more than six months.

The strains on their family income are greatly increasing.

:eek: :o :(
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#2 Guest__*

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Posted 26 April 2003 - 02:57 PM

http://www.nhes.stat...lmi/unempnr.htm
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#3 sb11

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Posted 03 August 2007 - 01:42 PM

thanks for this post P

bombs and jet fighters don't
create jobs
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#4 pacific

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Posted 26 August 2007 - 08:41 PM

Thanx eS Be Eleven
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#5 pacific

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Posted 04 March 2008 - 08:16 PM

bumping Bump
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#6 kaksteen

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Posted 05 March 2008 - 07:55 PM

Post Us Unemployment Rate 11,9%
US Unemployment Rate 11.9%,


US unemployment figures are double at least.Unemployment rate is more likely in the 25% rate.In reality it is much higher

Many americans work 2-3 jobs none full time.None of this crapy jobs offer any benefits at all.Yet this jobs are listed as fully employed.So quit yar optimistic small brain und start to realize that the picture is not what yar crappy media describes. Unemployment rate has been high since george w *****s presidency.Ya dont really think that present administration would give real unemployment figures.
In gringostan things are always doing great even if 1/2 population starves.Typical anglo skum bag response Just pretend things are doing real well.this kind of mentality always comes from conservative pigs republicans.,both in anglofagia und gringostan.This republican conservatives have done BIG zero for the country und even less for their own people.

12%??yah my fat azzz.Whom are they fooling??:devil: .According to the looozzzzers in washington things are just doing great.
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#7 pacific

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Posted 02 August 2008 - 12:53 PM

Bump the Bumper.
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#8 Rexreddy

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Posted 13 August 2008 - 03:32 AM

Unemployment rate is about 5%
Where I work we can't get enough qualified people.
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