Faux Unemployment Rate Projected up in July and all the way to Nov!!!

Discussion in 'Economy' started by GHook93, Jul 3, 2012.

  1. GHook93
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    GHook93 Aristotle

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    U.S. Unemployment Rate Forecast

    First, I call it FAUX, because the current calculations have the bullshit "NOT IN THE WORK FORCE," which means if your unemployed and haven't looked for a month, then you are considered leaving the work force, which has a positive effect on unemployment. Yet these unemployed people are usually the long-time unemployed and the most desperate to find a job!

    Right now faux unemployment sits at 8.2%! In July it's predicted to get to 8.3% and it's predicted to rise to 8.5% by Nov!!!

    This is bad news no matter what side of the isle your on! I wish that despite Obama and his liberal agency the economy would true around, but it's getting worse!!!
     
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  2. signelect
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    signelect BANNED

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    You don't know what you are talking about, the private sector is doing fine, I heard our dictator and chief say so a few weeks ago. Always remember this.l

    Figures never lie but liars ofter figure.
     
  3. GHook93
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    GHook93 Aristotle

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    They project an 8.7% for the 2013!!! Are you kidding??? That means that in 2013 unemployment will probably exceed 9% in some months, since this is the average!

    Very scary!
     
  4. iamwhatiseem
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    iamwhatiseem Gold Member

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    And this has not been adjusted for the HUGE decline in manufacturing last month.
    If July manufacturing is not seriously up...then we will see 9%....which is really more like 14%.
     
  5. GHook93
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    GHook93 Aristotle

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    Very scary! With the manufacturing decline the numbers might be worse than projects. However, the summer weather hopefully will help the economy! We can hope for that. My fear is that the summer has been too hot and that might have hurt the economy more than helped it!

    We will see, but projections are looking good!
     
  6. GHook93
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    GHook93 Aristotle

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    In reality they aren't leaving the workforce, rather they have been unemployed for so long the government views them as too negative to keep in the unemployment states, so they remove them and put them in the "out of the workforce" stat. The effect of this move is a political victory! Although these WORKERS are unemployed, they have a positive effect on the unemployment rate, in that it lowers it! In effect politically based removing people from the workforce has the same effect as a person getting a fully time career job (meaning the effect of being employed).

    These are our most desperate worker! Ones that need a job the most. There listing has the effect of employment, but they would definitely not consider themself employed. But I digress.

    A TON of people are going to get removed from the workplace by politicians in June! The Obama administration will twist the numbers into a positive the sheeple will believe. More people will file for new unemployment benefits than are hired and more people we leave the workforce than were hired, but since leaving the workforce is a "positive" on the unemployment rate, they will have a net gain that only a politician can see as a positive!

    Blog: WH spokesman: People dropping out of workforce is an 'economic positive'
     
  7. GHook93
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    GHook93 Aristotle

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  8. GHook93
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    GHook93 Aristotle

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    170K jobs "gained" in June, which is about half of 300K we needed for it to be a record (very interesting that the economist predicted much worse). Of those 170K, 160K were in the services industry (thanks McDonalds!), that 94% gains in LOW waged jobs. Maybe the growing income gap is because the Big O is creating employment is low paying jobs and getting rid of high paying jobs! Just a thought!

    What is amazing is the unemployment rate can be steady even though 200K more people filed first time UE benefits than found jobs and the last few months job growth estimates were adjusted downwards!

    I guess those gains for the Big O in people "leaving the workforce" are going to go up! Good job Obama, we might soon have a 0% unemployment rate when everyone leaves the job market!


     
  9. expat_panama
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    expat_panama Silver Member

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    No, the figures aren't the problem but rather it's the the morons that are fooled when the liars do their figuring. The BLS actually does a pretty good job of recording facts for all but them with their heads up their buts.

    We know that Obama's tax hikes have gotten us the UR is 8.2% and rising, and we also know that over the same time period Reagan's tax cuts got us 7% that was falling. We also know that today's tax-hikes leave us with fewer employees than before Jan 09, while Reagan's cuts saw millions of new jobs.

    What could be more clear?
     
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  10. GHook93
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    GHook93 Aristotle

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    The unclearness to me is how the most desperate unemployed Americans (the long-time unemployed) can eventually be taken out of the work force systematically and be considered a positive effect on the workforce! It's insanity!
     

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