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Repeating something doesn't make it true. People like my BIL and friends who have given up looking for work are not counted and they should be because the reason they are not working is they cannot find work. Unemployment figures certainly are presented as just those who are on the roll. There are times when adjustments are made but they never count those who have given up.
In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.[2][3][4]
The Bureau of Labor Statistics does not count discouraged workers as unemployed but rather refers to them as only "marginally attached to the labor force".[5][6][7] This means that the officially measured unemployment captures so-called "frictional unemployment" and not much else.[8] This has led some economists to believe that the actual unemployment rate in the United States is higher than what is officially reported while others suggest that discouraged workers voluntarily choose not to work.[9]Nonetheless, the U.S. Bureau of Labor Statistics has published the discouraged worker rate in alternative measures of labor underutilization
under U-4 since 1994 when the most recent redesign of the CPS was implemented.[10][11]
So I realize this is a naive and stupid question but how do these numbers become available. Are companies required to report how many jobs they added to the government. I just have doubt about this whole thing. I do not believe that the recession is over, contrary to what elected official have to say about it all.
There are two different surveys - the "establishment" survey from which the monthly jobs numbers are derived and the "household" survey from which the unemployment rate and data like how many people are in the labor force are derived. The household survey involves the Census Bureau randomly interviewing about 60,000 people and asking whether they are employed, whether they are seeking work, etc. The establishment survey similarly involves a small group of businesses being asked how many are on the payroll. Both are conducted monthly and numbers are seasonally adjusted.
And the Labor Force doesn't DROP by 800,000 every month.
Nice try!
Young people are also fueling the drop of course. No one is denying that. I myself was one of the "discouraged workers" that doesn't get counted in the official unemployment rate for many years while I was in college. Graduated in 2011.
Net workforce participation rate is down 65k since January 2013. What is there to cheer about? After all, according to the administration we're in a recovery.
They've been calculating unemployment the same way for 20 years. Only now do the Bushbots complain.
Circumstances are a bit different the last 5 years, don't you think? We have nearly half of the labor force unemployed, and of those, a huge percentage have given up. Don't you think they ought to be counted?
The answer is yes. But, the administration is desperate to claim "improvement." Everybody knows the truth, so they aren't fooling anyone but the O-bots who will believe anything they are told if it comes from the administration. Actually, I don't think the O-bots have the ability to figure it out for themselves.
Keep fooling yourself, dude, if it makes you feel good. The truth is, this country is in deep do-do, and our problems lie with one person, Barack Obama, and his apparatchik in Congress, whose sole purpose in life is to advance the Progressive agenda, the American people be damned.
Net workforce participation rate is down 65k since January 2013. What is there to cheer about? After all, according to the administration we're in a recovery.
Compared to the last 5 months of Gomer Bush`s presidency when we were losing 745,000 jobs a month, it is indeed a recovery.
Compared to the last 5 months of Gomer Bush`s presidency when we were losing 745,000 jobs a month, it is indeed a recovery.
Sorry, forgot that we were still blaming Bush for Obama's failures. Out of curiosity, are we going to blame Obama every time the next president screws something up?
Sorry, forgot that we were still blaming Bush for Obama's failures. Out of curiosity, are we going to blame Obama every time the next president screws something up?
Sorry, but this isn`t the old Soviet Union where we scrub our bad boys from the history books. Whatever the case, I`m not blaming Bush, just giving some perspective. We`re still waiting for the GOP jobs plan.
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