Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Don't Be Fooled, The Obama Unemployment Rate Is 11%
Forbes ^ | 02/10/2012 | Peter Ferrara

Posted on 02/10/2012 6:20:50 AM PST by SeekAndFind

When Barack Obama entered office in January, 2009, the labor force participation rate was 65.7%, meaning nearly two-thirds of working age Americans were working or looking for work.

When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%.

In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair.

The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either. They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty. But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week.

If they were counted, the unemployment rate today would be a far more realistic 11%, better reflecting the suffering in the real economy under Obamanomics.

Just last month, while the Bureau of Labor Statistics reported finding 243,000 new jobs, they also reported in the same release that an additional 1.2 million workers had dropped out of the work force altogether, giving up hope under Obama. If labor force participation had remained the same in January, 2012 just as it was the month before in December, 2011, the unemployment rate would have risen to 8.7% in January rather than supposedly declining to 8.3% as reported.

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


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bhoeconomy; bhofascism; democrats; economy; elections; hopeychangey; nobama2012; obama; obamatruthfile; unemployment
One factoid to remember:

One year ago, 99 million Americans were unemployed or otherwise not working, and the unemployment rate was 9.1%. Today, while the reported unemployment rate is 8.3%, over 100 million Americans are unemployed or otherwise not working.

WILL THIS IMPROVE BY NOVEMBER?

1 posted on 02/10/2012 6:20:58 AM PST by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

MORE COMPARISONS FOR PERSPECTIVE ON THE DEPARTMENT OF LABOR FIGURES:

* In January, 2009, 11.6 million Americans were unemployed, with 23% of those unemployed for more than 6 months. By January, 2012, 12.8 million were unemployed, with 43% of those out of work more than 6 months.

* At the official end of the recession in June, 2009, America was 12.6 million jobs short of full employment. By January, 2012, we were 15.2 million jobs short, falling behind by another 244,000 in that month alone.


2 posted on 02/10/2012 6:21:53 AM PST by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
WILL THIS IMPROVE BY NOVEMBER?

Of course it will. They'll just keep changing the formula and cooking the numbers until it's just a tad under 8%.

Jedi mind tricks plus creative bookkeeping equals good news for Urkel right before the election.

But if Santorum should win, be looking for the old formula to resurface.

3 posted on 02/10/2012 6:28:39 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I predict that it will appear to improve by November.


4 posted on 02/10/2012 6:31:14 AM PST by SuzyQue (Don't believe everything you think.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Just last month, while the Bureau of Labor Statistics reported finding 243,000 new jobs, they also reported in the same release that an additional 1.2 million workers had dropped out of the work force altogether

This is somewhat misleading. Last month's job report was the first to include population changes as indicated by the 2010 census. That adjusted both the labor force and non-labor force sizes.

Don't get me wrong, it's still bad, but that "1.2 million" number shouldn't get bandied about so much because it can and will be counter-attacked factually, which obscures the real issue: the plummeting labor participation rate due to lack of jobs.

5 posted on 02/10/2012 6:38:14 AM PST by kevkrom (Note to self: proofread, then post. It's better that way.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

WILL THIS IMPROVE BY NOVEMBER?

No, because the Marxist wants people unemployed so they become completely dependent on the government and will vote for the Marxist so they don’t lose benefits. In essence become slaves to the Treason party.


6 posted on 02/10/2012 6:38:52 AM PST by GrandJediMasterYoda (How ironic that Ann Coulter should write a book called Treason.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Zeros version of fuzzy math.


7 posted on 02/10/2012 6:40:44 AM PST by duckman (Go Newt...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Don't Be Fooled, The Obama Unemployment Rate Is 16.3%
8 posted on 02/10/2012 6:41:24 AM PST by Marguerite (When I'm good, I am very, very good. But! When I'm bad, I'm even better)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
Thanks to how the data is fudged in Washington, the unemployment rate is touted to now be down to 8.3%. Officially only 12.7 million are now unemployed.

A total of 4.7 million people have stopped looking for work since the Inauguration of Obama. Added to the 12.7 million, the total of unemployed is 17.4 million without work or about 11%.

When one adds in the 10.5 million who are working part time but would like to be working full time, we have 28 million who are unemployed or underemployed. This is an unemployment rate of 17%.

http://lubbockonline.com/interact/blog-post/may/2012-02-04/real-unemployment-rate-more-19#.TzUqNsiR6Hs

9 posted on 02/10/2012 6:47:10 AM PST by Marguerite (When I'm good, I am very, very good. But! When I'm bad, I'm even better)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Marguerite

I was doing to say 17.5%. Only 67% of those unemployed are looking for work.


10 posted on 02/10/2012 6:48:34 AM PST by goseminoles
[ Post Reply | Private Reply | To 8 | View Replies]

To: Marguerite

RE: Don’t Be Fooled, The Obama Unemployment Rate Is 16.3%

Just curious, where are you getting that number from?


11 posted on 02/10/2012 6:53:20 AM PST by SeekAndFind
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind
WILL THIS IMPROVE BY NOVEMBER?

Doesn't matter. It's all about making it appear to improve, just as the BLS has nudged down the "unemployment rate" for several months now.

Facts be damned, there's a re-election to win.

12 posted on 02/10/2012 6:54:38 AM PST by ScottinVA (GOP, meet Courage... Courage, meet GOP.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

13 posted on 02/10/2012 6:57:07 AM PST by pabianice (")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Five million Americans are so completely vanished that the lamers in the lamestream media haven’t yet found one of them to interview. Personally, I think all 5 million are living on their massive lotto winnings in places like Costa Rica.


14 posted on 02/10/2012 7:08:14 AM PST by PaleoBob
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Somehow, Øbama will try and convince us those two ones equal 2 and he’s very pleased with this accomplishment...

F U B O


15 posted on 02/10/2012 7:15:53 AM PST by ▀udda▀udd (7 days - 7 ways a Guero y Guay Lao << >> with a floating, shifting, ever changing persona)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

We all know the deceptive nature of marxist tyrants using relative numbers (percentages) instead of absolute figures.


16 posted on 02/10/2012 7:19:49 AM PST by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Neoliberalnot

The Republican nominee should absolutely use absolute numbers when talking about unemployment. Two percent doesn’t sound like much until you mention that it’s 11 million.


17 posted on 02/10/2012 7:26:30 AM PST by Crucial
[ Post Reply | Private Reply | To 16 | View Replies]

To: SeekAndFind
The "most" accurate number is U6 which is 15.1% Link
18 posted on 02/10/2012 7:29:00 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Marguerite
“Don't Be Fooled, The Obama Unemployment Rate Is 16.3%”

I'm with you. That's a more realistic number.

19 posted on 02/10/2012 7:40:04 AM PST by IMR 4350
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

20 posted on 02/10/2012 7:56:46 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kevkrom
This is somewhat misleading. Last month's job report was the first to include population changes as indicated by the 2010 census. That adjusted both the labor force and non-labor force sizes.

I agree, but it's indisputable that the workforce participation rate is declining.

If you don't focus on the bump in number of people that appeared to drop out of the workforce, it looks like things actually were worse than expected, and the census corrected that: i.e.the number of people NOT in the workforce increased more than the people IN the workforce.

Or, did I misinterpret the numbers?

21 posted on 02/10/2012 7:58:38 AM PST by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SuzyQue

By November unemployment will be zero %.


22 posted on 02/10/2012 8:02:26 AM PST by chessplayer
[ Post Reply | Private Reply | To 4 | View Replies]

To: IMR 4350
Just check out this paragraph from the Labor Department's report:

"In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. 2.8 million were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."

That's HOW they are cooking the numbers, by not counting millions of unemployed Americans!!!

23 posted on 02/10/2012 8:02:55 AM PST by Marguerite (When I'm good, I am very, very good. But! When I'm bad, I'm even better)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Marguerite
They also don't count people that have never been in the labor pool and are looking for work, nor do they count the self employed that lost their business or contract jobs.

The only people being counted are people receiving unemployment.

I would be willing to bet the 16.3% figure you give is probably too low, but closer to reality than the 11%.

24 posted on 02/10/2012 8:29:49 AM PST by IMR 4350
[ Post Reply | Private Reply | To 23 | View Replies]

To: SeekAndFind

25 posted on 02/10/2012 9:30:30 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
"One factoid to remember: One year ago, 99 million Americans were unemployed or otherwise not working, and the unemployment rate was 9.1%. Today, while the reported unemployment rate is 8.3%, over 100 million Americans are unemployed or otherwise not working."

The solution is simple. If we can get another million unemployed, we can reduce the rate to 7.5%

26 posted on 02/10/2012 9:56:44 AM PST by evad (STOP SPENDING, STOP SPENDING, STOP SPENDING. It's the SPENDING Stupid)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IMR 4350
"The only people being counted are people receiving unemployment."

That's not accurate. The UR is based on a sample.

27 posted on 02/10/2012 10:05:30 AM PST by evad (STOP SPENDING, STOP SPENDING, STOP SPENDING. It's the SPENDING Stupid)
[ Post Reply | Private Reply | To 24 | View Replies]

To: evad

Why did they stop counting over 1 million people?


28 posted on 02/10/2012 10:15:40 AM PST by IMR 4350
[ Post Reply | Private Reply | To 27 | View Replies]

To: SeekAndFind

obama could lower unemployment TODAY if he would allow drilling in the gulf of Mexico. (he said they can drill but the applications are still on hold)


29 posted on 02/10/2012 11:41:04 AM PST by freedommom
[ Post Reply | Private Reply | To 1 | View Replies]

To: IMR 4350
"Why did they stop counting over 1 million people?"

Dunno.
Maybe they can't count that high.
These are, after all, gubermit workers doing the surveys.

30 posted on 02/10/2012 12:44:58 PM PST by evad (STOP SPENDING, STOP SPENDING, STOP SPENDING. It's the SPENDING Stupid)
[ Post Reply | Private Reply | To 28 | View Replies]

To: prairiebreeze

marker


31 posted on 02/10/2012 8:00:42 PM PST by prairiebreeze (Who are you and what have you done with Ann Coulter?!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Does the 100 million include retirees? Americans would still like to “think” that the rate is 8.3, and that may be enough to justify in their little minds keeping Obama. They can be easily fooled again and again.


32 posted on 02/12/2012 4:36:19 AM PST by Theodore R. (Forget the others: It's Santorum's turn, less baggage, articulate, passionate)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson