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To: Mind-numbed Robot
How do they know who has sought a job in the last four weeks and if they haven't found one why aren't they still considered unemployed? Looking for a job should not make uou statistically employed. Also, by considering those people to not be part of the labor force they lower the labor pool and statistically increase the employment rate.

The BLS surveys 60,000 (if I recall correctly) households to get a statistical sample. They group people as employed, unemployed and outside of the labor force. If you don't have a job and haven't sent a single resume, filled a single application or talked to a single employer in four weeks (a pretty darn low hurdle in my opinion) the BLS counts you as outside of the workforce instead of unemployed, just the same as if you are retired or a student who isn't available to work right now. I guess you have to have somewhere to count my bum cousin who has worked in the past, but it interfered too much with his life for him to do much of it.

Just like figuring inflation by excluding the cost of food and fuel this is more government deception.

Both the full CPI and "core" CPI are calculated and published every month. The main question is who chooses which one to focus on in news reports? Strange that when fuel and food prices go up the "core" is focused on, but when they go down the full CPI is repeated on the news.

11 posted on 06/18/2012 6:49:02 AM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: KarlInOhio

Thanks for the details. As a SS recipient it is irritating to be losing purchasing power every month while the COLA is determined by the core method. Food and fuel are a large part of my budget.


13 posted on 06/19/2012 12:09:43 PM PDT by Mind-numbed Robot
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