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Keyword: guyrate

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  • What Does Bernanke Know? {The Guy Rate of unemployment - 25% unemployed}

    03/27/2012 5:46:48 AM PDT · by shove_it · 3 replies
    Smart Money ^ | 26 Mar 2012 | BRETT ARENDS
    Arends: Forget the Labor Department's jobs numbers. For a true picture of the bleak employment picture, use the Guy Rate. ~snip~ There are many reasons to distrust the unemployment figures. The most obvious is that those who give up looking for work no longer count among the official "unemployment." (Extraordinary, but true.) But we know Ben Bernanke looks at the raw data. What is he seeing? ~snip~ As you can see -- and as Ben Bernanke surely sees -- the picture remains grim. Just 75% of these guys are in full-time work -- or, to put it another way, one...