Skip to comments.Unemployment Books Cooked Again
Posted on 05/04/2012 3:53:21 PM PDT by Starman417
When President Barack Hussein Obama tells you that "America is going back to work" he is lying. Additionally, the MSM is not telling the truth about unemployment.
The percentage of working age Americans that are employed is not increasing. In March 2010, 58.5% of all working age Americans had a job. In March 2012, 58.5% of all working age Americans had a job. So if the employment rate is exactly the same as it was two years ago, then how in the world can the Obama administration claim that things have gotten significantly better since then?
The Employment to Population Ratio, as it appears on this graph, fell to about 58.5% during the latest depression and has, under Obama, remained there. So even though the US population is growing, the jobs growth is absorbed by the population growth.
The last months have seen the unemployment rate drop from 8.3% for February, 2012, to 8.1% for April, 2012. How can that be, you ask? Well, the unemployment rate reported by the MSM, the "official" rate, is the U-3 rate. But that rate can be manipulated because it is calculated based on the "civilian labor force." As Tyler Durden at zerohedge.com says, "... the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%." Be sure to look at the graphs Durden provides
There are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate. This is one of the key ways that the government manipulates the U-3 unemployment rate. As this graph shows, the number of people not in the labor force continues to rise.
According to Annalyn Censky at CNNMoney, "About six million people claim they want a job, even though they haven't looked for one in the last four weeks. If they were to all start applying for work again, the unemployment rate would suddenly shoot up above 11%."
(Excerpt) Read more at floppingaces.net...
Impossible! We are told everything is coming up roses. Just look at all the MSM stations. You are just a doom and gloom person. After all, why would the wondrous Messiah lie to us? And especially to me because my 10th great-grandmother was a Piscataway Indian. So I am a minority person and the current administration loves me. Heavens I might even be related to Elizabeth Warren. (/double sarcasm and laughter)
People aren’t falling for this.
You can say all you want, “People are back to work” but the only ones who believe it are government workers and members of powerful unions. Everyone else KNOWS there is no work.
I live in FL, everyone here used to be in construction. Most everyone I know has just given up. They have all moved back in with family, pooled resources, left the state, etc. There just aren’t any jobs.
They’ll keep cooking them going down to less then 8% by election time, I know the schedule
June - 8.1%
July - 8.0%
August - 7.9%
September - 7.8%
October - 7.7%
The participation rate is a subjective measure and highly subject to manipulation. The lower it goes and the more people are dropped from the unemployment equation, the better the numbers will look for the White House. This figure has been dropping sharply since Mr. Obama took office. Last month, an analysis at the Zero Hedge financial website noted that by extending the logic of reporting progressively fewer labor-force participants, America will officially have no unemployed when the Labor Force Participation rate hits 58.5 percent, which should be just before the presidential election. Maybe thats the plan.