Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They do this every year. That's one reason to follow shadowstats who take the raw numbers and still use the 1994 calculations. That would produce true apple to apple comparisons. Shadowstats is showing 22% unemployment.
Well, I contacted the BLS by phone, and they told me this revision occurs every year. However, they also mentioned Census results are only incorporated every 10 years (obviously). As more and more years pass from the last Census, the estimates can become further disconnected. Since 2010 was the last year relying on the 2000 model, it posted the largest difference.
It was also pointed out to me that the Census Bureau itself also overestimated the US population by approximately 3 million.
Either way, I looked to some alternative measures, and I do like the series Gallup runs. They measure on a weekly basis, as opposed to choosing a single week out of the month such as the BLS does. However, there is no seasonal adjustment..
If calculated by 1933 standards, we are above those unemployment numbers.
It is a scam to fool the uneducated population.
If you go back that far we are past Depression Era unemployment numbers.
It's all about confidence. Have CONFIDENCE that the economy is recovering. BELIEVE the numbers.
Are they counting "temp" jobs? Y'know, those jobs handed out by agencies like Kelly Services (are they even still in business?) that don't give health coverage and can end at any time with a simple phone call. Those should never be counted, but the government probably does count them as real jobs which is BS IMO.
Just curious but does anyone know the answer to this question?
Just curious but does anyone know the answer to this question?
Yes they count temp jobs. Recall the census workers were temp and their big numbers brought down the UE numbers for a while..at least til they all got fired.
Yes they count temp jobs. Recall the census workers were temp and their big numbers brought down the UE numbers for a while..at least til they all got fired.
Yes they count temp jobs. Recall the census workers were temp and their big numbers brought down the UE numbers for a while..at least til they all got fired.
Census workers count as government employees though, they did not get a special category.
The BLS does have a category for "Temporary Help Services" which naturally encompasses temporary jobs. Also recall that in December, 60k of the job gains were in "Package Delivery and Courier Services" (UPS, FedEx, etc. for the holiday season), which was matched by a roughly equally decline in January.
So temporary jobs are included one way or another.
Do you realize that it takes 200,000 jobs to be created each month just to keep even with the growth rate of the US population?
This is something that neither party talks about and has even been ignored by all except you on this thread.
America gets about 1.2 million immigrants a year. So we need to make 100,000 jobs monthly to employ them, and then make enough to employ the net gain of Americans into the workforce.
Seems to me we could halt this gain of 1.2 million, export about 10 million and have created a tremendous number of job openings.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obama has created more private sector jobs in only two year than Bush did in his entire presidency.
