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I came across a great link that graphicly shows the progression of unemployment in our country. It really is dispiriting. Hopefully the graph will turn around now that the top 1% are getting their bush cuts to remain in place. This all tends to put things in perspective. After watching this, I can't believe anyone would want to cut off benefits and say people should just go out and get a job.
And what is sad is that the BLS is ever so slightly changing underlying numbers and is not reported by the MSM.
Two factors being changed that effect the published number are Birth Death model and percentage of workers.
Birth/death model are new jobs created or killed. The BLS seems to think many new jobs are CREATED each month which decreased the published number.
Percentage in the employment pool has been going down..65% I believe is the last number.
How can that be if we have all these new college graduates and high school graduates ENTERING the job market ?
Both of these numbers impact the final published numbers yet little if any analysis is done by the press.
That's why I follow shadowstats. They don't change the underlying numbers.
They show unemployment at around 22%. Given that 3 years of UE benefits is happening I believe shadowstats over the BLS figures of 9.8%. U6 is rarely spoken of and that is near 18%.
People are only too willing to believe the fuzzy numbers coming from government agencies.
This is true. All governments try to fudge the numbers using smoke and mirrors and not giving the actual facts of the matter. I'm sure that the unemployment rate is much larger than the official reports but looking at this progressive graph, we can see the progression over a time line, even if it is only a fraction of the real numbers. The imagery is similar to an MRI......an MRI of the nation.
And what is sad is that the BLS is ever so slightly changing underlying numbers and is not reported by the MSM.
Two factors being changed that effect the published number are Birth Death model and percentage of workers.
Birth/death model are new jobs created or killed. The BLS seems to think many new jobs are CREATED each month which decreased the published number.
Percentage in the employment pool has been going down..65% I believe is the last number.
How can that be if we have all these new college graduates and high school graduates ENTERING the job market ?
Both of these numbers impact the final published numbers yet little if any analysis is done by the press.
That's why I follow shadowstats. They don't change the underlying numbers.
They show unemployment at around 22%. Given that 3 years of UE benefits is happening I believe shadowstats over the BLS figures of 9.8%. U6 is rarely spoken of and that is near 18%.
People are only too willing to believe the fuzzy numbers coming from government agencies.
There was an article on a web page that showed the money spent on unemployment check against the unemployment rate published by the government. Very interesting. Until it got pulled. But the emperors not wearing any cloths.
Yeah..like Texas. More coming in than jobs to cover them so our net is an increasing "loss" of employment.
yip we need to have inflation so that jobs will grow. Quick fire up the printing press... but isn't that what is happening? And where are the jobs? Too much debt we need to leverage.
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