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5 Things the New “Low” Unemployment Rate Doesn’t Show Us
care2.com ^ | May 3, 2014 | Kevin Mathews

Posted on 05/03/2014 8:31:15 PM PDT by BenLurkin

The Bureau of Labor Statistics announced that the current unemployment rate is lower than it has been in six years: 6.3%. While that’s good news, you may want to resist the urge to fully celebrate because the figure only tells part of the story. Here are some other critical numbers that help to paint a more complete picture:

1. 806,000 People Dropped Out of the Labor Force in April

It’s no secret why the job rate hit a low – nearly a million Americans gave up on looking for work altogether last month alone. In its official statistic, the Bureau of Labor Statistics does not include people who aren’t looking for work as “unemployed,” meaning that millions of people who have been discouraged by repeated rejections and a poor economy are conveniently left out of the equation entirely.

(Excerpt) Read more at care2.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 05/03/2014 8:31:15 PM PDT by BenLurkin
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To: BenLurkin
How does one ‘drop out’ of the labor force? Unless they live off the land they'll need money for food, shelter, and clothing.

Are there commensurate increases in welfare/disability recipients? Seems like those numbers should balance somewhat.

2 posted on 05/03/2014 9:22:18 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: MichaelCorleone

Are these really the people whose unemployment benefits have run out?


3 posted on 05/03/2014 9:24:20 PM PDT by uncitizen
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To: BenLurkin

Anyone want to bet that the numbers get massaged down to 5.2-5.5% before the midterms. And the LIV will believe it all.


4 posted on 05/03/2014 10:03:57 PM PDT by mikefive (RLTW)
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To: MichaelCorleone

They have to rely on family and friends.


5 posted on 05/03/2014 10:31:36 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: MichaelCorleone

>> How does one ‘drop out’ of the labor force?

When people vote for Democrats, govt regulations and spending increases.

When govt regulations and spending increase, the markets get agitated.

When the markets get agitated, doubt ensues.

When doubt ensues, people spend less money

When people spend less money, companies have less revenue.

When companies have less revenue, people get laid off.

When people get laid off, they collect unemployment.

When people collect unemployment, the Unemployment Rate increases.

When the Unemployment Rate increases, the President looks bad.

When people can’t find jobs, they run out of unemployment benefits.

When people run out of unemployment benefits, the Unemployment Rate decreases.

When the Unemployment Rate decrease, the President looks good.

When the President looks good, the unemployed worker no longer matters.

When the unemployed worker no longer matters, the worker has essentially ‘dropped out’.

If you don’t want to be a drop-out, don’t vote for Democrats.


6 posted on 05/04/2014 1:12:53 AM PDT by Gene Eric (Don't be a statist!)
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To: BenLurkin
I found this official definition of "unemployed":

“The unemployed are persons who had no employment during the reference week, were available for work at that time, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week.”

No wonder the numbers are so low.

7 posted on 05/04/2014 1:43:49 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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