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The point is that our politicians point to the U3 as if it accurately depicts the state of the economy and our overall employment situation. It's like the Wizard of Oz, trying to redirect people's attention away from what's behind the curtain so they cannot see the truth.
Its a commonly used number by lots of people, media and businesses. Because it is common does not mean that it is being manipulated or an attempt to deceive. Its one statistic among many. The trend lines for most of the employment statistics are showing significant improvements. That includes the numbers that Gallup produces which are tracking the the BLS numbers pretty closely. Making the Gallup CEO complaints bizarre, since own companies numbers tend to confirm the BLS numbers.
Depends on how Congress wishes to reduce the deficit in hopes of creating a surplus to help pay down the debt. The realistic thing to do is cut spending and raise taxes to help pay down the debt.
It takes a person dedicated to doing what is in the best interest of the people and the nation, and get away from the politicians who only do what is best for their political party and what brings money to their reelection campaign war chest.
But as soon as any conservative politicians starts to talk about cutting spending, the partisan hacks start wailing like banshees and demonize the cons as hating the people, blah, blah, blah. Then the mainstream media picks up on it, and the predictions of doom and gloom are pounded into the public mindset 24/7 from across the print media the cable TV news shows and the internet.
One reality is that we do have a fifty year high in the US poverty level, and the lowest labor participation rate in decades, so people really are hurting, we really do have historic levels of poverty and unemployment. We will need to get the economy back on it's feet before we can reduce the money spent on social welfare programs, because so many people actually rely on it as of now.
We need to start cutting spending in other areas than social welfare, and the GAO reports have outlined where tens of billions can be cut from programs within the federal government.
WASHINGTON, D.C. -- The hiring climate at the start of 2015 is similar to where it stood in the second half of 2014, with Gallup's U.S. Job Creation Index coming in at +28 for the month of January. This is nearly identical to the +27 found in December, and just below the seven-year high of +30 reached in September.
Obama world is one of mathematical theory supported by the media.
his latest speech concludes promise and wonder, however, it is all based in theoretical economics and logic born of fantasy. This will hapen if in the future all these conditions I assumed are met.
Obama is like a little kid telling you when he grows up he is going to be be rich and buy his daddy a corvette and mommy a palace on the top of a hill. Naieve fantasy world validated by the media fails to approach reality.
The current method has always been fine, and we see it here regularly when right wingers try to champion the unemployment level during the Bush years. If one is employed, they should count as employed regardless if they have their dream job or not. If one isn't looking for work, then they probably shouldn't be counted as unemployed. Is a stay at home parent unemployed?
It is good to see this type of good news getting under right wingers' skin because it shows that even with all their tactics to hurt the economy to make the Democrats look bad, all of that has failed as more Americans are back to work since the recession.
Also keep in mind, the u-6 is also steadily falling as well.
"The current method has always been fine,"
I might be mistaken but, didn't Obama changed what was considered full time from 40 hours a week to 30 hours a week?
So, the Current method has NOT been used very long.
If we USED to count 40 hours and NOW count 30 hours, how would THAT affect the numbers?
It takes a person dedicated to doing what is in the best interest of the people and the nation, and get away from the politicians who only do what is best for their political party and what brings money to their reelection campaign war chest.
But as soon as any conservative politicians starts to talk about cutting spending, the partisan hacks start wailing like banshees and demonize the cons as hating the people, blah, blah, blah. Then the mainstream media picks up on it, and the predictions of doom and gloom are pounded into the public mindset 24/7 from across the print media the cable TV news shows and the internet.
One reality is that we do have a fifty year high in the US poverty level, and the lowest labor participation rate in decades, so people really are hurting, we really do have historic levels of poverty and unemployment. We will need to get the economy back on it's feet before we can reduce the money spent on social welfare programs, because so many people actually rely on it as of now.
We need to start cutting spending in other areas than social welfare, and the GAO reports have outlined where tens of billions can be cut from programs within the federal government.
"But as soon as any conservative politicians starts to talk about cutting spending, the partisan hacks start wailing like banshees and demonize the cons as hating the people, blah, blah, blah. Then the mainstream media picks up on it, and the predictions of doom and gloom are pounded into the public mindset 24/7 from across the print media the cable TV news shows and the internet.
I recall all the gloom and doom predicted by Obama and Pelosi over what would happen if the Sequester took place.
Yet, here we are today and not ONE thing they claimed would happen has happened.
If you call BS on the number now, you need to call BS on it under the previous administration.
Random question. Which US figure most mirrors what measures are used in Europe, Japan, Australia? U6?
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