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Old 08-07-2009, 09:20 AM
 
Location: Chicagoland
41,325 posts, read 45,018,709 times
Reputation: 7118

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So What's the Real Unemployment Rate? - Jim Geraghty - The Campaign Spot on National Review Online

Quote:
Hmm. In June, the Bureau of Labor Statistics said the civilian labor force was 154,926,000 people.

In July, 796,000 of those were taken out of their definition of the workforce, and thus their unemployment calculations for this month, because they have stopped looking for work "because they believe no jobs are available for them." Ten percent of the June workforce would be 15.4 million, 1 percent would be 1.5 million, and so 796,000 is roughly one half of one percent.

In other words, BLS took .5 percent of what you and I would consider unemployed and took them out of their total. And with that, unemployment went down one tenth of one percent.

Of course, if you take the July number of unemployed, 14.5 million, and add that 796,000 of discouraged workers, you get a total of 15,296,000.

In a work force of July’s number of 154,504,000, that’s an unemployment rate of 9.9 percent.

In a work for of June’s number of 154,926,000, that’s an unemployment rate of 9.8 percent.
Cooking the books - you bet.
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Old 08-07-2009, 09:26 AM
 
Location: North Central Florida
6,218 posts, read 7,744,277 times
Reputation: 3939
All the numbers are propaganda any more. From the Unemployment, to the GDP, it's all lies to keep the masses tranquilized.
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Old 08-07-2009, 10:27 AM
 
Location: US
1,193 posts, read 3,997,968 times
Reputation: 832
Well they've cooked the books for awhile. This is nothing new. They teach this in economics class you know.
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