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1 posted on 01/05/2013 6:28:03 AM PST by Kaslin
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To: Kaslin

Great article by Mish.

Here is some additional info.

http://confoundedinterest.wordpress.com/2013/01/04/housing-angst-u6-unemployment-rate-holds-at-14-4/


2 posted on 01/05/2013 7:41:08 AM PST by whitedog57
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To: Kaslin
"Digging under the surface, the drop in the unemployment rate over the past two years is nothing but a statistical mirage. Things are much worse than the reported numbers indicate."

What does the government have to gain by lying and distorting the data? I thought after Obama was elected that they'd quit.

3 posted on 01/05/2013 8:03:03 AM PST by blam
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To: Kaslin
Of the 8.8 million jobs lost between January 2008 and February 2010, approximately 60.22% have been recovered (not accounting for normal demographic-related job growth).

Do they mean they're getting the same jobs back, or they're replacing their full time jobs with benefits with part time jobs? Over the past few months, that accounted for some of the job growth.

5 posted on 01/05/2013 8:11:59 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Kaslin

Excellent article discussing many aspects of unemployment and government statistics about it. Thanks for posting this.


6 posted on 01/05/2013 8:46:34 AM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: Kaslin; GeronL; JRandomFreeper; Buddy Sorrell; samadams2000; ThunderSleeps; tarawa; Spktyr; ...
165,000 jobs lost?

So my guess that the WARN numbers I'm tracking are about 50% of the real number wasn't that far off. I had predicted 136,000 new unemployed based on my hard count of 68,000 reported WARN notices and layoffs.

Next time I'll use a 2.5X correction factor and see just how close I can get...

dailyjobcuts.com has already announced more than 3200 job cuts this week.

7 posted on 01/05/2013 9:20:51 AM PST by null and void (The world is full of Maple Streets.)
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