Neubarth
At the Ballpark July 30th
Civilian Labor Force Participation Rate Versus Unemployment Rate
The Government is out with their Mythical, Magical, Mysterious (Be Happy) Unemployment Rate Numbers again this morning. BOLSHOI!!!!
Participation Rate for December 2010 was 64.3%
Of course, if you look back a few years you will see:
In 1998 the Participation Rate was 67.1%
In 2008 the Participation Rate was 66% (After the current Depression already started.)
Civilian labor force participation rates by age, sex, race, and ethnicity
Employment Situation Summary
What this tells you is that the Government wants you to believe that millions have dropped out of the Labor Force even though the population keeps growing. How gullible are you? They have not dropped out. There is just no work for them and they are on food stamps and welfare or SS.
The fact remains the Unemployment Rate is established by the government based upon surveys that they supposedly conduct, but nobody has ever been party to. (I have never met one person who has been interviewed for this mythical survey.) Their data from these imaginary surveys are total crap. As far as I am concerned, they just make the numbers up.
The Department of Labor also calculates their participation rate with considerable bias. If you work a few hours a day you are employed. In fact, if you work three part time jobs, working just a few hours a day on each, you are counted as three people who are employed. (Total Bullshit, but the government makes up the rules, so the numbers are never as bad as they might be.) With illegals working numerous part time jobs in our country, they pad the employment numbers as well. Many have SS numbers, even though they are not legal citizens of this country, further skewing the labor force numbers and the employment numbers. Our entire system is a hodge podge of crap.
The Government is out with their Mythical, Magical, Mysterious (Be Happy) Unemployment Rate Numbers again this morning. BOLSHOI!!!!
Participation Rate for December 2010 was 64.3%
Of course, if you look back a few years you will see:
In 1998 the Participation Rate was 67.1%
In 2008 the Participation Rate was 66% (After the current Depression already started.)
Civilian labor force participation rates by age, sex, race, and ethnicity
Employment Situation Summary
What this tells you is that the Government wants you to believe that millions have dropped out of the Labor Force even though the population keeps growing. How gullible are you? They have not dropped out. There is just no work for them and they are on food stamps and welfare or SS.
The fact remains the Unemployment Rate is established by the government based upon surveys that they supposedly conduct, but nobody has ever been party to. (I have never met one person who has been interviewed for this mythical survey.) Their data from these imaginary surveys are total crap. As far as I am concerned, they just make the numbers up.
The Department of Labor also calculates their participation rate with considerable bias. If you work a few hours a day you are employed. In fact, if you work three part time jobs, working just a few hours a day on each, you are counted as three people who are employed. (Total Bullshit, but the government makes up the rules, so the numbers are never as bad as they might be.) With illegals working numerous part time jobs in our country, they pad the employment numbers as well. Many have SS numbers, even though they are not legal citizens of this country, further skewing the labor force numbers and the employment numbers. Our entire system is a hodge podge of crap.