Posted on 12/19/2011 3:39:39 PM PST by george76
Unemployment is at 8.7%, with 9.7% working part time but seeking full-time jobs.
Underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.4% in mid-December, as measured by Gallup without seasonal adjustment. This is up slightly from 18.1% at the end of November and similar to the 18.5% of a year ago.
...
The second component of underemployment is the percentage of U.S. employees who are working part time but want full-time work. It is now at 9.7% -- essentially the same as the 9.6% at the end of November. However, the current reading is significantly higher than the 9.2% of mid-December 2010.
...
Political observers are wondering how fast and how far the unemployment rate needs to fall to significantly improve the president's re-election prospects.
In contrast, Gallup's data suggest little improvement in the jobs situation. December unemployment is up slightly on an unadjusted basis. In fact, the government is likely to report essentially no change in the unemployment rate when it issues its report on December unemployment in the first week of 2012. Of course, this assumes that the labor force doesn't continue to shrink at so rapid a pace that it drives down the unemployment rate, as it did last month.
(Excerpt) Read more at gallup.com ...
How many of the new jobs were hypothesized ( faked ) by the US Bureau of Labor , rather than actually measured.
18.5% underemployment, representing the official unemployment rate plus the part-time workers...
but,
where are the people who dropped out, or who gave up looking because they became discouraged with looking and just quit trying anymore?
Is there any place where that last figure is accurately kept?
LLS
and we don’t count fuel or food in inflation numbers. Hold up a mirror to look at stupid.
In the last year, the civilian population rose by 1,726,000. Yet the labor force fell by 67,000. Those not in the labor force rose by 1,793,000.
In November, those “Not in Labor Force” rose by a whopping 487,000. If you are not in the labor force, you are not counted as unemployed.
http://www.businessinsider.com/the-truth-about-the-falling-unemployment-mirage-in-3-charts-2011-12
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