How many Liars does it Take to Screw Up the Unemployment Rate?
About: people not in labor force soar by 522,000, labor force participation rate lowest since 1981 | zerohedge
Obama calls it 'good news' that US economy is adding jobs, as Romney argues more needs to be done.
Job Numbers Put Obama Between Rock, Hard Place | US Hiring Slows Sharply With Just 115K Jobs Added
But what is being ignored is that the actual number of jobs available and the people who are in the labor force is at record lows. See the About article for more information. The recently announced 8.1% unemployment rate is just a smoke screen. Romney should explain it!
Tags
- unemployment
- public sector jobs
Comments
Hmmm .... private sector jobs have totally recovered and now there are more people working in the private sector than when Obama took office ... (if the chart found here and shown below is accurate). But the number of government jobs are still decreasing. If Republicans want to be honest about this and blame someone for an unemployment problem they should look to their own policies.
Come to think about it ... don't we always want our politicians to be honest with us?
Even if this were true it has nothing to do with the real UNEMPLOYMENT figures - those who are not on unemployment compensation + those who have given up looking for jobs are NOT tracked by the government & just drop out of the system - GET THAT PLEASE! This chart is just focusing on the employment pool.
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Even if this were true it has nothing to do with the real UNEMPLOYMENT figures - those who are not on unemployment compensation + those who have given up looking for jobs are NOT tracked by the government & just drop out of the system - GET THAT PLEASE! This chart is just focusing on the employment pool.
whatever. My sentences above were true.
Strangely enough i will bet that we already agree on most of the economic premises that underpin our mutual interest in the topic of this item. Let me see if i can list them and if you can assent to them ...- The government taxes too much, and
- spends too much, and
- interferes in our lives too much.
- Government should not try to manage the economy and decrease the pain of a recession.
Given those premises, then i think it is kind of silly to blame Obama for creating a problem. Rather what republicans should be doing is bragging of how small they shrank the government payroll. Republican are totally conflicted with this "blame the president for economic woes of the country" if they truly believe premises 1 to 4 above. To me that is dishonest on their part.
Well you have certainly proven to yourself that you are right. But what you have told me is that your are much more concerned with that than with understanding this problem. 
BTW, I should have said that "Buying stuff to create jobs is an UNSUSTAINABLE policy failure." This is not a criticism of the Obama administration per se. After all, the decline in jobs occurred during the Bush administration's watch (although there was a Democratic Congress, which strangely gets exonerated for responsibility for the Great Recession). Nevertheless, it points to the extent of the jobs crisis in this country, as well as the budget crisis. There are 12 million people who, before the recession, would be paying taxes but now who are not. And many of them are now forced to collect social welfare benefits, increasing the deficit crisis by an order of magnitude.
This is the great challenge for the conservative movement for the future. If we hope to continue a regime of limited government, we have to get people back to work. Otherwise, sooner or later the country will vote the Democrats back in, and their promise of perpetual government assistance. As the Great Depression proved, it's hard to be a committed constitutionalist when you cannot make your ends meet, and the left wing is promising to help at the expense of the old regime of limited government.
....
One way we can track that is by using the employment-population ratio, provided every month by the government. This is the broadest metric of employment in this country, and the peak during the last recovery was 63.5 percent of the adult, civilian, non-institutional population. If we had held constant at that level, we would have about 154 million people currently employed. As it stands, we have about 142 million people currently employed. So that is a jobs deficit of 12 million people:
See Also
- Thought Another Way to Look at Employment with 5 viewings related by tag "unemployment".
- Thought BLS = BS (October not so Surprise) with 2 viewings related by tag "unemployment".