How did the unemployment numbers drop .2 percent

Discussion in 'Politics' started by Lovebears65, Feb 9, 2012.

  1. Lovebears65
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    Lovebears65 Gold Member

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  2. Katzndogz
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    Katzndogz Diamond Member

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    The criteria for being counted was changed.
     
  3. 8537
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    8537 Senior Member

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    No it wasn't.

    First time unemployment claims are not a factor in the unemployment rate. And at any rate, jobs created is a net figure and from a completely different survey.
     
  4. Leweman
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    Leweman Gold Member

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    Adjusting for population growth we have lost 2.4 million jobs over the last 2 months. I have no idea how they are coming up with these numbers.
     
  5. 8537
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    8537 Senior Member

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    No, that's simply not true. We had a single benchmark adjustment - that had no impact on the unemployment rate. about a 1/2M jobs were created.
     
  6. DontBeStupid
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    DontBeStupid Look it up!

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    Lovebears65, your avatar is wrong.
     
  7. RetiredGySgt
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    RetiredGySgt Platinum Member

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    They quit counting people that no longer get unemployment.
     
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  8. California Girl
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    California Girl BANNED

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    :lol:

    What a loser.
     
  9. DontBeStupid
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    DontBeStupid Look it up!

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    It's called being helpful. He may not be aware it's wrong.

    Just because you hate everyone doesn't mean we all do.
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    Because "there are lies, damn lies, and statistics."


    The real numbers are found in the U6 data...

    "The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over"
    Portal Seven | U6 Unemployment Rate


    The actual unemployment rate is 15.1%
    It was up to 16.4% last September.
     

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