atomic_fungus (atomic_fungus) wrote,
atomic_fungus
atomic_fungus

#1927: The economy is not getting better.

They're playing numbers games to make the unemployment figure look better, but it's not.

Item: the Labor Department added 1,000,000 additional lost jobs to the unemployment figures, so we've actually lost 8,000,000-odd jobs rather than 7,000,000 during this recession.

Item: the figure which represents the pool of available jobs has been adjusted downward by the Labor Department. This makes unemployment look smaller.

Item: the figure which has improved is U3, which is the number of people actively looking for work and collecting unemployment benefits. U6 has not changed; it is still around 17.5%. If there were jobs being created, U6 would have also decreased.

Item: U3 also gets smaller when people use up their unemployment benefits and drop off the unemployment insurance rolls.

Item: the federal government is hiring census workers right now, and will hire a total of about a million people. These are temporary jobs that won't last more than a few months but will take some people off of U3 and/or U6.

Item: unemployment is still increasing.

Sorry, Obama-troids; I don't buy it.
Subscribe

  • #7871: What's broken NOW??

    Had to go to far off-site (soon to be main site) today, so I was able to see my new office. They've already got a nameplate outside it! How long has…

  • #7870: Heavy rain

    Probably the last thunderstorm of the year, hard rain. Weather site says "2 to 3 inches of rain"--for the day, I think--and I'm not inclined to doubt…

  • #7869: Here comes the rain (again)

    Up a bit after sunrise, did the pre-blog surf and found nothing I really wanted to comment about; but in the meantime the light coming in from…

  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments