Unemployment at 6.7%!

[EE_]

There's your recovery!
Just .20% lower and the Fed will be exiting QE
America is back!

[Dogman]

But the job growth really, really sucked ! And they are thinking the unemployment numbers are low because a bunch of people just quit looking and dropped off the unemployment rolls.

So do not give up hope for a doomsday and gloomy outcome EE!


https://www.google.com/#q=job+growth+falters+badly+clouding+hope+for+reco very+%2B+people+giving+up



http://www.nytimes.com/2011/07/09/business/economy/job-growth-falters-badly-clouding-hope-for-recovery.html?pagewanted=all&_r=0

[Heimdhal]

But the job growth really, really sucked ! And they are thinking the unemployment numbers are low because a bunch of people just quit looking and dropped off the unemployment rolls.

So do not give up hope for a doomsday and gloomy outcome EE!

We just had a job fair at a new outlet thats opening up in our county. Apparently 5,000 people showed up. Im sorry, but 5,000 people dont show up for minimum wage, part time retail jobs at outlet stores when things are "good".

Underemployment is the elephant in the room no one is talking about. I would say the wide majority of those in this country are significantly underemployed.

Companies are also flat out taking advantage of people because of the work situation and then at the same time wondering why they cant seem to retain good people to work for them. My wife is going through this right now with her employer and is about to walk because they are flat out taking advantage of her.

[mamboni]

This is Orwellian math at its finest. The real unemployment is north of 20%. But our leaders like to deceive and change the formula for calculating the unemployment rate to obtain the desired politically acceptable number whihc is much much lower than reality. In the real world this is known as cheating. In Washington this is known as creative economic accounting. In any event, it has become a pathetic joke. In fact, the FOMC is now proposing that the FED lower the unemployment target from 6.5% to 5.5%. Translation: we can't stop QE so we'll just move the target further down. I suppose that when unemployment approachs 0% and 150 million Americans are out of work and not counted, the FED will propose a target of -2% unemployment!

[EE_]

Hey, these are the official government numbers reported from Bizarro World.
The reality is, the government, politicians, and banking/corporate elite, don't give a rats ass about the people in this country. For all they care, we can all rot...they probably laugh about it.
The only reason they act like they care, is to keep their positions and to not find themselves on the end of a pitchfork.

http://brightorangeadv.com/wp-content/uploads/2013/10/bizarro.jpg

[palani]

Employment is best considered as being a waking dream. The status of an employee is the same as that of a fiduciary. Being employed means to take care of your employer rather than him taking care of you.

[EE_]

Employment is best considered as being a waking dream. The status of an employee is the same as that of a fiduciary. Being employed means to take care of your employer rather than him taking care of you.

I've never seen myself as an employee. I've always seen employment as a trade agreement...I'll do this for you and you do that for me. Once one side of the arrangement is breached, the contract can/should be terminated.
The art of the deal, is to make the other think they need you more.

I've always lived my life with very little debt and never let an employer think I needed a job. I always kept a cash cushion.
I know it's not possible for everyone to not live with their back against the wall when there's kids involved.

I was always good at what I did and took pleasure in walking out without a moments notice when the employer tried to abuse his position.

I also never stayed very long with anyone I didn't respect. I never sacrificed my principles to a company for money...they didn't have enough money for that.

[palani]

I've never seen myself as an employee.

Most don't sit back and examine the relationship between employer and employee very carefully. Take OSHA for instance. I have been told that a new employee has 30 days to withdraw from OSHA. If he should fail to do so then OSHA becomes effective. The downside to accepting OSHA is that your employer is no longer required to make you whole in the event some action of his damages you. This works out to the employers advantage so should you decide to notice him that OSHA is not a benefit for you expect to be walking the street looking for a job rather quickly.

http://workers-compensation.lawyers.com/Lost-Limb-Award-Schedules.html



Arm is paid 312 weeks' compensation
Leg is paid 288 weeks' compensation
Hand is paid 244 weeks' compensation
Foot is paid 205 weeks' compensation
Thumb is paid 75 weeks' compensation
First finger is paid 46 weeks' compensation

How much? In the federal scheme, you're entitled to be paid 66 2/3 percent of your monthly salary or wages.

Note ... just like winning the lottery ... the feds are going to take THEIR cut before you get a dime .. Your compensation is just 2/3 of your normal monthly wage.

[madfranks]

This is Orwellian math at its finest. The real unemployment is north of 20%. But our leaders like to deceive and change the formula for calculating the unemployment rate to obtain the desired politically acceptable number whihc is much much lower than reality. In the real world this is known as cheating. In Washington this is known as creative economic accounting. In any event, it has become a pathetic joke. In fact, the FOMC is now proposing that the FED lower the unemployment target from 6.5% to 5.5%. Translation: we can't stop QE so we'll just move the target further down. I suppose that when unemployment approachs 0% and 150 million Americans are out of work and not counted, the FED will propose a target of -2% unemployment!

Couple that with the fact that they don't count "discouraged workers" as unemployed, yet still pay them unemployment benefits. In the US, if you are out of work for 12 months, you are no longer considered unemployed, rather the government takes the stance that you have given up and are no longer looking for work or want to work, therefore you don't count as unemployed. Yet they pay 99 weeks of unemployment money for long term unemployed. So a person who, in the government's eye, doesn't want to work still gets to collect checks for a year longer. This contradiction allows the government to look good in conflicting ways: they get a lower official unemployment number, but are still seen as the champions of the suffering by giving money to the long term unemployed.

[Rubberchicken]

Unemployment rate explained


COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good Subject. Terrible Times. It's 6.7%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's 14.7%.
COSTELLO: You just said 6.7%.
ABBOTT: 6.7% Unemployed.
COSTELLO: Right 6.7% out of work.
ABBOTT: No, that's 14.7%.
COSTELLO: Okay, so it's 14.7% unemployed.
ABBOTT: No, that's 6.7%.
COSTELLO: WAIT A MINUTE. Is it 6.7% or 14.7%?
ABBOTT: 6.7% are unemployed. 14.7% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, Obama said you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
ABBOTT: No, you miss his point.
COSTELLO: What point?
ABBOTT: Someone who doesn't look for work can't be counted with those who look for work. It wouldn't be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But ALL of them are out of work.
ABBOTT: No, the unemployed are actively looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you're off the unemployment roles that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don't look for work?
ABBOTT: Absolutely it goes down. That's how the current administration gets it to 6.7%. Otherwise it would be 14.7%. Our govt. doesn't want you to read about 14.7% unemployment.

COSTELLO: That would be tough on those running for reelection.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have administration supporters stop looking for work.
ABBOTT: Now you're thinking like the Economy Czar.
COSTELLO: I don't even know what the hell I just said!


ABBOTT: Now you're thinking like Obama.

[Hypertiger]

The Universe is perfectly fair, all and everything receives what all and everything deserves, and there is no hope.

I do not hope for anything...I know or I do not know.

The USA and world began collapsing to oblivion visibly in 2008...No hope is required.

Unless a time machine is invented so you can go back in time before the USA and world began to collapse to oblivion...oblivion is the logical conclusion.

The numbers are all being played with...It's the build it and they will come field of dreams school of economics in play in the extreme at this point.

Unfortunately behind the visible chaos or noise is the invisible order or signal...and the only way to escape oblivion is to figure out a way to turn a lie into Truth.

There is no evidence anywhere in recorded history that it is possible to turn a lie into Truth.

It's impossible.