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'Real' Unemployment Rate Shows Far More Jobless
CNBC.com ^ | 8/2/2012 | Jeff Cox

Posted on 08/04/2012 7:01:02 AM PDT by mykroar

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: jobless; u6rate; unemployment
Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Ugly...

1 posted on 08/04/2012 7:01:11 AM PDT by mykroar
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To: mykroar

In California, it’s bound to drop to 3% once we start building our choo-choo.


2 posted on 08/04/2012 7:10:50 AM PDT by ProtectOurFreedom
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To: mykroar
What are the chances this article will make it across the hall at NBC and be reported by say...Brian Williams? Don't make me laugh!
3 posted on 08/04/2012 7:11:35 AM PDT by immadashell
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To: mykroar

Not to worry, Obama said yesterday that “the unemployment rate shows far too many Americans are still looking for jobs”. This was the crawl on Fox News all night, Comforting that he has such compassion isn’t it? / sarc off


4 posted on 08/04/2012 7:23:21 AM PDT by anoldafvet
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To: mykroar
http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=1343999598

Note: Blue line (top) is a more accurate figure than the BLS (BS) Stats. And note divergence of trend beginning in 2009. That is when Obozo's BLS began openly lying about the numbers.


5 posted on 08/04/2012 8:16:35 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: mykroar

MSM or no it is the REAL jobless rate that VOTES and this is what has this Marxist administration worried as their internal polls are getting scarier and scarier every day. This election will take DIRTY POLITICS to a new low.


6 posted on 08/04/2012 8:23:13 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: anoldafvet
Obama said yesterday that “the unemployment rate shows far too many Americans are still looking for jobs”.

And under the socialist 0bama regime we keep coming up empty, but every one of us will find the ballot box in November!

7 posted on 08/04/2012 8:24:09 AM PDT by The Sons of Liberty ("Get that evil, foreign, muslim, usurping bastard out of MY White House!" FUBO GTFO!)
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To: mykroar

The jobs report is in for July, and Obama is busy trying to put lipstick on that pig. 150,000 people left the workforce in July, unemployment rose to 8.3% and the biggest disappointment in US history tells us we are heading in the right direction.


8 posted on 08/04/2012 8:30:23 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: mykroar
when it hits 25%, they will start turning feral...
9 posted on 08/04/2012 8:51:49 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Texas Fossil

I am having trouble understanding what the SGS number means. I went to the website. It still is not clear.


10 posted on 08/04/2012 10:19:40 AM PDT by MrChips (MrChips)
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To: MrChips

https://www.numbersusa.com/content/nusablog/cbreiter2/october-10-2008/getting-truth-about-unemployment-rate.html


11 posted on 08/04/2012 5:37:15 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: MrChips

http://www.shadowstats.com/article/employment


12 posted on 08/04/2012 5:39:04 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Texas Fossil

Bookmark


13 posted on 08/04/2012 6:49:22 PM PDT by publius911 (Formerly Publius 6961, formerly jennsdad)
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To: publius911

There is an article somewhere on the web about why shadowstats (owner) started analyzing BLS stats. He was using them to forecast sales for a customer (company) and the model stopped working after many years of success. When he studied the data it became apparent that the underlying method of calculation at BLS had changed.

That is why he came out with his alternative with the old assumptions. To make the forecasting model work again.


14 posted on 08/04/2012 8:08:13 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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