Skip to comments.5 Things the New “Low” Unemployment Rate Doesn’t Show Us
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 thats 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
Its 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 arent 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.
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Are there commensurate increases in welfare/disability recipients? Seems like those numbers should balance somewhat.
Are these really the people whose unemployment benefits have run out?
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.
They have to rely on family and friends.
>> 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.
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.