Shocking numbers hidden in USA government's employment report

[General of Darkness]

Shocking numbers hidden in USA government's employment report

The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression.

Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent.

Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.


http://www.cbo.gov/ftpdocs/127xx/doc12757/02-16-Unemployment.pdf

[mightymanx]

Hell, you don't need some made up BS numbers to find that out. Just go pound the pavement and look for a Job.

You will find out quick.

[ximmy]

FROM JEROME CORSI'S RED ALERT

Real unemployment rate: 22.5%

Exposed! How government lies with job statistics

The real unemployment rate for January 2012 is closer to 22.5 percent, not the 8.3 percent reported by the Bureau of Labor Statistics, Jerome Corsi’s Red Alert reports. (http://www.redalert.wnd.com/index.php)
John Williams, author of the “Shadow Government Statistics (http://www.shadowstats.com/)” website, argues that the federal government manipulates the reporting of economic data for political purposes.
In the Feb. 3 Bureau of Labor Statistics news release (http://www.bls.gov/news.release/empsit.nr0.htm), the unemployment rate was reported to have fallen 0.2 percent to 8.3 percent, from 8.5 percent in December 2011.
Williams recreates a Shadow Government Statistics alternative unemployment rate reflecting methodology that includes “long-term discouraged workers” who the Bureau of Labor Statistics (in 1994 under the Clinton administration) removed from those considered “unemployed.”
The BLS no longer considers as “unemployed” those workers without jobs who have not looked for work in the past year because they feel no jobs are available.
Williams has demonstrated that it takes an expert to truly decipher BLS unemployment statistics. For instance, in Table A-15 (http://data.bls.gov/cgi-bin/print.pl/news.release/empsit.t15.htm), titled “Alternative measures of labor underutilization,” the BLS reports what is known as “U6 unemployment.” U6 unemployment includes those marginally attached to the labor force and the “under-employed,” those who have accepted part-time jobs when they are really looking for full-time employment.
While the BLS was reporting seasonally adjusted unemployment in January 2012 at only 8.3 percent, it was also reporting U6 seasonally adjusted unemployment in January 2012 was 15.1 percent.
The only measure BLS reports to the public as the official monthly unemployment rate is the seasonally adjusted U3 number.
Williams wrote that the “headline numbers” BLS reported for January 2012 were statistically manipulated and “simply not believable.”
He calculates his “Official SGS Alternative Unemployment Rate” by adding back into to the BLS U6 numbers those long-term discouraged workers who have not looked for work in the past year.
Interestingly, Williams’ “Official SGS Alternative Unemployment Rate” shows unemployment in January 2012 was 22.5 percent, a 0.1 percent increase over December 2011, whereas the BLS figures were designed to report a .8-point decline, from a seasonally adjusted U3 rate of 9.1 percent in January 2011 to a seasonally adjusted 8.3 percent rate in January 2012.


http://www.wnd.com/2012/02/real-unemployment-rate-22-5/

[woodman]

Reporting from Michigan, things are very bad here. No jobs. Lots of unemployed and underemployed. People working for slave wages if working at all. Doesn't matter how much money they print if only the bankers hold it. There is no recovery. All lies. How can there be a recovery untill people either die off or our industry returns? I don't know much about the Dow Jones but what the hell is it based on any more? It can't be on industrial companies because if it was it would be crashed down to 3000. Maybe pharmacueticals and Haliburton type companies.

[dys]

The Dow Jones is probably 90% government owned, so it bears almost no relation to reality. Jobs are getting very hard to come by here, and wages are so depressed it's scary. I've been looking for a new job and I can't believe how bad things are. Just to find a job that pays enough to meet minimum expenses is nearly impossible. I've had a couple of interviews, and they are like prosecuter's briefs. I had one interview recently, the guy asked me about my work history and I started to tell him- he cut me off after about 10 seconds and said he wasn't interested. I couldn't believe it, at first I actually thought he was joking. It is very tough out there right now.

dys

[jimswift]

wages are so depressed it's scary

This.

When you start plugging in numbers on an inflation calculator it really starts to show the criminality of it all.

[Horn]

And the other 85% are directly or indirectly related guvermental employees.