Posted on 12/02/2009 2:25:54 PM PST by jessduntno
Friday's unemployment report offered no comfort to economists, government officials and the 27.4 million Americans now unable to find full-time employment. In recent months unemployment numbers have produced growing economic concerns over the likelihood of an economic recovery that fails to produce job growth; and this month's unemployment report, coupled with recent GDP estimates point support those concerns. Despite billions of dollars in stimulus spending that continues to flow out of Washington, the Department of Labor report pointed to job loss numbers that have failed to improve amid the spending.
The Department of Labor reported a rise in the adjusted non-farm unemployment rate to a new high of 10.2% after the economy shed another 190,000. However, the Department of Labor also reports that the number of unemployed Americans increased by 558,000 last month, representing a sharpest increase in unemployment since this spring. In addition, beyond the adjusted payroll number lies a host of employment numbers including the disturbing reality that 27.4 million Americans are now unable to find full-time employment.
As we have pointed out in previous reports, the adjusted payroll numbers do not include 2 groups of unemployed workers that the DOL refers to as temporary part-time workers and marginally attached workers. The DOL reported that 9.3 million Americans are currently working part-time due to economic conditions, an increase of 100,000 workers during October. This group is comprised of workers who have had their hours cut from full-time status or who have been able to find full-time employment. In addition the DOL reported that the number of marginally attached workers stands at 2.4 million. Such marginally attached workers include individuals who are unemployed but have not sought work over the 4 weeks prior to the survey and includes some 768,000 "discouraged' workers that have simply given up. The number of "discouraged" workers increased by more than 50,000 last month. The addition of such excluded groups caused the real unemployment rate to increase from 17.0% to 17.5%, out-pacing the growth rate within adjusted employment figures.
The number of “discouraged” workers increased by more than 50,000 last month.
Bammy’s solution? GIVE THEM MORE TIME ON THE DOLE...
Obama’s “stash” to the rescue!
Recession Over? Not With 21 Percent Unemployment.
ShadowStats: Unemployment Really at 22%
http://themeridian.blogspot.com/2009/11/shadowstats-unemployment-really-at-22.html
I’m starting to get real nervous about my job as well. Our business has fallen off by about 50% over the last year where I work, and we see no signs of improvement in the near future.
It’s bad enough that the economy is in such dire straits - it’s downright criminal that the Zero is using this crisis to try and realize his dreams of national socialism.
I know details are easy to ignore in an age of millisecond-attention spans, but they still matter.
The scary thing about this is that they probably fudged the numbers that they had.
part time work is not unemployment, for the umpteenth time.
THAT DEPENDS ON YOUR OUTLOOK...DO YOU CALL SOMEONE WITH A MASTERS DEGREE WHO CAN’T FIND FULL TIME WORK WORKING TEN HOURS A WEEK EMPLOYED?
If Obama and his team are orchestrating this for their own political objectives they sure are playing a very dangerous game. Pissed and desperate people may not act in the way they think they will.
“The scary thing about this is that they probably fudged the numbers that they had.”
As my old man used to say, figure lie and liars figure...
This response is simply not valid. No, it has nothing to do with my outlook. an hour worked is an hour not unemployed. it's only a fact, and it's only a statistic, but if we're gonna toss 'em around, should we be real about it, and not defer to "outlooks" to define our viewpoints and discount the others?
“The scary thing about this is that they probably fudged the numbers that they had.”
As my old man used to say, figures lie and liars figure...
As someone who had to go though this for 3 years back in the early ‘80s, I’d disagree with your assessment.
I had to work part-time and donate blood to LIVE back then.
When I finally got a full time job in ‘84, I thought I had died and gone to heaven.
“This response is simply not valid. No, it has nothing to do with my outlook. an hour worked is an hour not unemployed. it’s only a fact, and it’s only a statistic, but if we’re gonna toss ‘em around, should we be real about it, and not defer to “outlooks” to define our viewpoints and discount the others?”
YES! Of course you are right, the response is not valid...hahahahahaha...good answer...it has everything to do with outlook...there are more poor idiots in this world who are duped by the numbers into thinking the reverse of what is true it is ALL outlook...
Indeed. Well, let's not let it slip past us that invoking an emotional influence on our reading of statistics is exactly what drives all bad policy, including Global Warming.
This thread is based upon statistical evidence. The evidence has been taken to say something is absolutely does not say.
Wait -- silly me. I'll put a stop to this nonsense right now and save myself a bunch of time and aggravation: prove to me that an hour worked is an hour unemployed.
peace out.
Can’t...I’ve got the wrong outlook...
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