Tuesday, February 03, 2015

Lies, damned lies and unemployment statistics.

The "official" unemployment rate is a "lie": Gallup
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.
There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.
There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
And the lie is particularly tragic and big  in this Era of "Hurt 'n Change" although why Obama would run on a platform of hurt inducing ch.....wait.. never mind.
This is very surprising coming from the mainstream media. Usually negative debunking only happens in R Presidential years. I guess reality and hopium are diverging so much that even the lamestream is getting uncomfortable. It's hard to wreck as much as our new savior has. You really, really have to exert yourself to cause this much damage. What a "can do bad to you" kind of a guy.

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