Skip to comments.Unemployment rate decrease!!!!
Posted on 05/04/2012 2:56:25 PM PDT by bramps
I'm not great at math but I need someone to splane something. If the weekly unemployment claims far exceed the weekly job creation numbers, and they have for three years and by a considerable amount each week I believe, how come the unemployment rate goes DOWN????? Obama's new math. If he's right, I think the casino's have been screwing us all along. Just a thought.
re post 17, oops, it’s choir, thanks DC
” No,the numbers are based on the Census Bureau statistics/interviews,BUT,if you work one hour in the week of the 11th you are counted as employ”
While I agree, there has to be a mechanism to derive unemployment numbers by county. An interview isn’t afforded that opportunity. Your state has databases much like employflorida.com.
The U3 number is TOTAL BS and needs not to be used by EITHER side. Use the REAL unemployment numbe ... the one that still counts the people who have run out of benefits.
Im not sure how we statistically do that. Many have unreported income. If I lost my job today, I would mow lawns if I had to and not report a cent.
Cooking the books.
That way you can say unemployment has gone down, when all that has happened is that people have disappeared into despair.
While the Ubamas go on three vacations a month.
Here are some some clear terms and hypothetical formulae which illustrate the conundrum in easy to understand numbers.
If there were 100 million in the Work Force and 91.8 Million were Employed, 8.2 Million would be left Unemployed (Workforce minus Employed leaves Unemployed). This would equal an Unemployment Rate of (8.2/100) or 8.2%.
So, it would seem that if 200 thousand Lost their Jobs that would mean 91.6 Million were Employed and this would leave 8.4 million Unemployed. This would equal an Unemployment Rate of (8.4/100) or 8.4%.
If you somehow determined that 330 thousand unemployed had left the work force" (quit applying for jobs) that would mean the Work Force is now 99.670 million since there are now 91.6 Million Employed, this means there are Only 8.07 Million Unemployed (99.67 91.6 = 8.07) and the Unemployment Rate is Only 8.1%.
Presto Chango, this is one way the Unemployment Rate can Decline while the number of Americans who have no jobs increases.
Sadly... Figures Lie and liars figure.
Notice how the 0bama libs are fixated on Rates lately Romney pays $3 million in taxes which is far more than most of us pay but its unfair because his tax rate is lower than that of some of us.
While the number of Americans without jobs is rising the Unemployment Rate falls Absurd!
Just watch, if things remain dicey for 0Bama, in October the Work Force number could somehow decline until it matches the Employed so if the Employed is equal to the Workforce the Unemployment RATE) will be Zero as in ZeroBama!!!
Unfortunately that does not mean that every able bodied worker in the U. S. A. will have a job
millions MORE will just be MISSING FROM THE FORMULA!!!.
I meant to alert you to my rely to your post.
There’s no fuzzy math or anything else. It is a complete fabrication.
The U-3 number will be under 7.6% by election day. While the U-6 number will remain constant at about 15% or increast to about 18%.
The White Hut wants U-3 to go down, so they say it went down then cook the books to make appear that way.
If they could make it 4%, they would, it’s just than nobody would believe them, not that anybody believes them now.
You aren’t getting me... the ‘unemployment number’ is derived by interviews.
This is how the ‘unemployment’ figure is derived.
You need to google ‘sampling’ for unemployment figures.
Nobody is looking for work.
They are out scrounging and stealing radiators from school buses, copper plumbing, welding cables from bushiness.
I know as someone walked into our gated property recently after hours and ripped us off of over 150’ of heavy duty welding cables, which will cost over $1200 to replace.
My hours are cut back, my paycheck is half of what it used to be.
Tomorrow I am heading out to do some metal detecting, hopefully I’ll find some gold trace.
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