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Steve
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6 months ago
in Oh, Johnny Boy on The Jed Report
"After a certain period of time, the government says you are no lomger looking for work, and are Dropped from U3."
This is not true. If you are looking for work, you are considered unemployed. The government doesn't drop people from the unemployment rolls after a certain period. I challenge you to produce the documentation explaining how/when the government considers people "no longer looking for work."
This is not true. If you are looking for work, you are considered unemployed. The government doesn't drop people from the unemployment rolls after a certain period. I challenge you to produce the documentation explaining how/when the government considers people "no longer looking for work."
2 replies
JoyIA
Steve, here's a good read and table showing U-3 and U-6.
...This chart shows our government figures (today) versus how they would show if we used methodologies we used to use when we actually told the truth to our people. So as you see below, the blue line is reality and shows a country struggling at elevated unemployment for a long time, but now it is spiking. The red line is what you are told and the mainstream media will talk about (U-3). The gray line is the broader measure of unemployment (U-6) which includes people with PART time jobs but WANT full time jobs. The blue line is reality - this is U-6 + "discouraged workers" aka people who have plain given up.
...Because the dirty secret about the American unemployment reports is that once people become discouraged and give up, after a short time frame they are no longer counted as unemployed. Period. They disappear into the ether. They are no longer "unemployed" - it's magic.
[from Nov 7, 08]
http://seekingalpha.com/article/104846-the-real...
...This chart shows our government figures (today) versus how they would show if we used methodologies we used to use when we actually told the truth to our people. So as you see below, the blue line is reality and shows a country struggling at elevated unemployment for a long time, but now it is spiking. The red line is what you are told and the mainstream media will talk about (U-3). The gray line is the broader measure of unemployment (U-6) which includes people with PART time jobs but WANT full time jobs. The blue line is reality - this is U-6 + "discouraged workers" aka people who have plain given up.
...Because the dirty secret about the American unemployment reports is that once people become discouraged and give up, after a short time frame they are no longer counted as unemployed. Period. They disappear into the ether. They are no longer "unemployed" - it's magic.
[from Nov 7, 08]
http://seekingalpha.com/article/104846-the-real...
Here's the rest of this quote: "Add those people to the roster of the unemployed, and the rate hit a record 12.5 percent in November, up 1.5 percentage points since September."
Here's the article
:http://www.nytimes.com/2008/12/06/business/economy/06jobs.html?_r=2&ref=todayspaper