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It was announced the US unemployment rate is 6.7% while canada is at 6.9%, i have questions for everyone do you think the USA is lying, do you think the figures are different, will the numbers go down or go up for either of the countries? How about other countries like the UK, Sweden, France, Australia, Germany?
USA is lying see post #3. It's all how they decide to classify define and delineate. If someone is unemployed and then their 'unemployment' runs out. According to the way the USA BLS calculates unemployment these people just simply cease to be part of the data going forward. They 'statistically' evaporate.
Also, the vast majority of the unemployed have been 'transferred' (on nebulous definitions or outright fraud) to other government programs such as SSDI, Social Security and variety of other government welfare support programs.
As an aside, it is the same lies Wall Street uses to convince people equity investing returns 11% over long periods of time. It is known as survivorship bias. They conveniently do not track equities that cease being viable (they disappear from the denominator or universe of 'source data' set). It's a nice way to skew statistical data to look better to sell a story.
To see the unemployment rate for the US as it historically was calculated, see John Williams website Shadowstats. Basically, there are three numbers in the USA unemployment calculation. He continues to calculate the historic definition which at last glance was somewhere around 23 percent.
The other economic number that is vital to concentrate on the health of the USA economy is the median household income. These numbers have been stagnant and dropping for a few decades.
Much like Money supply, and printing of money into the system - and its deleterious effect - if a statistic doesn't tell a 'good' story it gets eliminated or 'conveniently' forgotten. See old M3 money supply number. This is the number that would show the continuous dilution of the dollars buying power by showing the total inventory in circulation, which has been more difficult to even calculate, based on how the Fed is propping up the US Financial Economic system (insolvent large banks). If the large banks had to mark to market for accounting, that is, value their assets - 'billions in bad mortgages and other financial vehicles at real values - they would be insolvent.
Here is an insightful 30 minutes to explain what is going on by a former top official. The more people understand the workings of the system the quicker we will get cogent dialogue instead of these "Pravda-esque" data reports from the USA.
It was announced the US unemployment rate is 6.7% while canada is at 6.9%, i have questions for everyone do you think the USA is lying, do you think the figures are different, will the numbers go down or go up for either of the countries? How about other countries like the UK, Sweden, France, Australia, Germany?
It's a 0.2% difference lol
USA has lots of baby boomers retiring so how we count unemployment rate is all screwed up. Not sure how Canada does it.
I think UK and France have slightly higher unemployment rates.
Unemployment has been slowly declining in all the countries I think.
Norway has been boasting the lowest unemployment rate in Europe for months, but researchers now suggest the real numbers of Norwegians out of work are higher. Both the researchers and some opposition politicians think published jobless rates have been “artificially low.” A new study reported by newspaper Aftenposten on Wednesday reveals that many people who have lost their jobs wind up on disability, because of subsequent health problems. Researchers note that three out of every 10 new cases of disability result from job losses. That means unemployed persons are collecting disability payments instead of unemployment benefits, and thus don’t turn up in the unemployment rolls. Norway, meanwhile, has the highest rate of workers on disability in Europe
Norway has been boasting the lowest unemployment rate in Europe for months, but researchers now suggest the real numbers of Norwegians out of work are higher. Both the researchers and some opposition politicians think published jobless rates have been “artificially low.” A new study reported by newspaper Aftenposten on Wednesday reveals that many people who have lost their jobs wind up on disability, because of subsequent health problems. Researchers note that three out of every 10 new cases of disability result from job losses. That means unemployed persons are collecting disability payments instead of unemployment benefits, and thus don’t turn up in the unemployment rolls. Norway, meanwhile, has the highest rate of workers on disability in Europe
I am not sure if many are even willing to work. They are simply taking advantage of a generous welfare system. It is sad, annoying and extremely costly for us as taxpayers.
Unemployment benefit: 2 years maximum. You must have been employed 50% or more prior years.
Sick leave: 1 year maximum. Must be approved by a doctor. You must have been employed 50% or more prior years.
Disability payment: Must be approved by two doctors and NAV (government). It is a very lengthy process (3-4+ years or so).
It was announced the US unemployment rate is 6.7% while canada is at 6.9%, i have questions for everyone do you think the USA is lying, do you think the figures are different, will the numbers go down or go up for either of the countries? How about other countries like the UK, Sweden, France, Australia, Germany?
Not good enough,comparison with Canada economy is not a serious indicator,plus those numbers may not reflect the reality of US economy.
Not good enough,comparison with Canada economy is not a serious indicator,plus those numbers may not reflect the reality of US economy.
Which is what exactly, what's going to happen?
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. The average gross salary in Norway is only around $84,000.
