Real Unemployment is 14.4%

[Lumpy 1]

I've made no such admission.

First, you denied the validity of the U6 statistic. Then, when I pointed out is is provided by the BLS along with the other measures of unemployment, you cry up BOOOSSSHHH.

You are a sad little hack.

Mental disorder.. perhaps..

Not only do Democrats insist on being repeatedly lied to, they require a victim to blame when all else fails reasonable thought.

 

[boedicca]

Next, they'll start counting people who receive unemployment checks as "employed" because getting an unemployment check is a better stimulus to the economy than is having an actual job.

 

[Lumpy 1]

Exactly -- if you're gonna come up with a whole new scale, you have to redo all the numbers in history so we have something to compare your bogus nu...uh, your new scale to.

When you've done that I'll tell you all about my new "metric time". Ten hours in a day, ten days in a week. You'll love it.

The long term unemployment figures have reached EPIC proportions, not seen in 6 decades ever since the Bureau of Labor Statistics have been tracking unemployment, so the rules require a change to fit the epic failure of the Obamanomic years.. it's completely fair given the economic morass the country is stuck in..

---------------------

Not all unemployment is created equal—there are better and worse ways to be without a job. The worst way is to be jobless for a long time. As a raft of economic studies have shown, the longer a person is unemployed, the harder it becomes for him ever to find work. In some cases, skills grow obsolete; in many others, companies are reluctant to hire those who haven’t worked in a long time, figuring they’re damaged goods. Unemployment is a setback; long-term unemployment is a sentence. There are 6.7 million Americans not officially counted as part of the labor force who say they’d like a job, according to the Bureau of Labor Statistics. Bringing these lost and largely invisible people back into the economy will be a long and expensive undertaking.

Today the overall unemployment rate is declining, but the number of long-term unemployed remains near historic highs: In late 2009 the percentage of the unemployed who’d been looking for a job for more than six months rose above 40 percent, a level the BLS hadn’t seen in the six decades it’s been tracking unemployment. The number has stayed above 40 percent since. The statistics are even more stark for those who’ve been out of work for more than 99 weeks—the point at which, in most states, unemployment benefits run out. In January 2009 there were 467,000 99ers. Last month the number was 1.8 million.

ETC...ETC...ETC...

The Plight of the Long-Term Unemployed - Businessweek

These points may or may not be all well and good but it's still taking an oranges number and comparing to a traditional apples number. Unless you tell us what all the old apples numbers were in terms of oranges, this number is meaningless. You might as well call them Nesbitt Units. They have no meaning without a context.

Here's a simpler version: which of these is not like the others...

apples apples apples apples apples oranges apples apples apples ... mmkay?

Enjoy your apple cider..

 

[Polk]

Next, they'll start counting people who receive unemployment checks as "employed" because getting an unemployment check is a better stimulus to the economy than is having an actual job.

I do enjoy the snark coming from someone who thinks people with jobs are unemployed.

 

[Polk]

If we really want to take the idea that U6 is "real unemployment" to its logical extreme, 95% of the population is unemployed (since they'd rather have a job where they make more money or don't have to do as much).

 

[boedicca]

You admitted it by omission. If you had been arguing for U6 to be the standard all along, you would say said so.

I denied the validity of U6 as "real unemployment" because it's not a true measure of unemployment. That was true in 2004, and it's true today.

You are a Nin-Com-Poop.

 

[NYcarbineer]

'Real unemployment' nearly doubled over the course of the Bush presidency.

Is that the kind of failure we're talking about here?

 

[Lumpy 1]

'Real unemployment' nearly doubled over the course of the Bush presidency.

Is that the kind of failure we're talking about here?

You're welcome to prove yourself wrong at this link.

It is true that after Reid and Pelosi took over Congress and 66.6% of the political power employment and the economy took a decided turn to the devastated..

Portal Seven | U6 Unemployment Rate

 

[NYcarbineer]

'Real unemployment' nearly doubled over the course of the Bush presidency.

Is that the kind of failure we're talking about here?

You're welcome to prove yourself wrong at this link.

It is true that after Reid and Pelosi took over Congress and 66.6% of the political power employment and the economy took a decided turn to the devastated..

Portal Seven | U6 Unemployment Rate

That proves me right.

Now the question is, if U-6 nearly doubled during the Bush presidency, and it's only up 2/10ths of a point during the Obama presidency,

which would be worse?

 

[Lumpy 1]

'Real unemployment' nearly doubled over the course of the Bush presidency.

Is that the kind of failure we're talking about here?

You're welcome to prove yourself wrong at this link.

It is true that after Reid and Pelosi took over Congress and 66.6% of the political power employment and the economy took a decided turn to the devastated..

Portal Seven | U6 Unemployment Rate

That proves me right.

Now the question is, if U-6 nearly doubled during the Bush presidency, and it's only up 2/10ths of a point during the Obama presidency,

which would be worse?

You are figuratively correct but reasonably unfair, you can hardly blame Bush with 33.3 % of the political power and consider that a fair assessment. It was 7.9 when Pelosi and Reid took over the purse strings after all.

Which means they took the U-6 unemployment from 7.9 to 14.2 in only 2 years with Bush taking 1/3rd of the responsibility at best.

 

[rightwinger]

Actually, I believe the number is closer to 47%

Mitt Romney told me

 

[Mr. Shaman]

Real Unemployment is 14.4%

....And, the World is coming-to-an-end......again......

December 6, 2012

Those Crazy Teabaggers​

"Conservative radio especially has been festooned with apocalyptic financial warnings, which often take the form of urging people to invest what assets they have in gold coins and gold bullion. Glenn Beck, the most prominent advocate of this approach, has been a major voice for Goldline, a company that specialized in selling gold coins as a primary investment strategy. Goldline has faced legal scrutiny in California for duping investors and charging egregious fees and commissions, but its success is testament to how easy it is to connect various dots of fear and discontent to end up with an investing philosophy that dictates placing all your liquid assets in Gold American Eagle coins."

 

[Valox]

The media always published U3 regardless if a Democratic or Republican President is in charge. The idea that they switch over to U3 from U6 between a Republican administration and a Democratic administration is complete and utter hogwash.

However, we all know how Republicans think there is a grand liberal media conspiracy theory and that the BLS cooks the books.

Regardless, the trend is downward for both metrics.

The most ironic thing about this is that they blame Obama for austerity measurements while bitching and complaining about out of control spending.

 

[freedombecki]

I do love your guys gusto in coming up with new "real" measures for unemployment.

That's because liberals want to blame others but accept no responsibility for anything the press will help them hide.

Unemployment means people cannot get work, and by ignoring reality and pretending lower unemployment that depression, Democrats can win elections based on the lies with which their paid-for media folk go along for lucrative interviews when their planned omissions results in seeming political wins because everyone is confused. It's chaotic, just the way liberals like it lately, until they community-organize (communize) America

Liberals can pass laws to rob the treasury and give it to liberal voters for free when they win.

Liberals don't see corruption as a ride on the road to perdition. they view it as an easy way to get something for nothing for themselves and their friends at the taxpayers' expense.

It's very clinical, really.

 

[Mr. Shaman]

The media always published U3 regardless if a Democratic or Republican President is in charge. The idea that they switch over to U3 from U6 between a Republican administration and a Democratic administration is complete and utter hogwash.

However, we all know how Republicans think there is a grand liberal media conspiracy theory and that the BLS cooks the books.

Regardless, the trend is downward for both metrics.

The most ironic thing about this is that they blame Obama for austerity measurements while bitching and complaining about out of control spending.

I'm guessin' they're the same folks who warned the government to keep it's hands off their Medicare!!!!!

 

[Politico]

14% bless your heart.

 

[Valox]

I do love your guys gusto in coming up with new "real" measures for unemployment.

That's because liberals want to blame others but accept no responsibility for anything the press will help them hide.

Unemployment means people cannot get work, and by ignoring reality and pretending lower unemployment that depression, Democrats can win elections based on the lies with which their paid-for media folk go along for lucrative interviews when their planned omissions results in seeming political wins because everyone is confused. It's chaotic, just the way liberals like it lately, until they community-organize (communize) America

Liberals can pass laws to rob the treasury and give it to liberal voters for free when they win.

Liberals don't see corruption as a ride on the road to perdition. they view it as an easy way to get something for nothing for themselves and their friends at the taxpayers' expense.

It's very clinical, really.

No one is lying. The BLS has published a variety of unemployment metrics for decades. However, the media has only consistently published one those, which is U3.

There is no conspiracy here.

 

[Polk]

I do love your guys gusto in coming up with new "real" measures for unemployment.

That's because liberals want to blame others but accept no responsibility for anything the press will help them hide.

Unemployment means people cannot get work, and by ignoring reality and pretending lower unemployment that depression, Democrats can win elections based on the lies with which their paid-for media folk go along for lucrative interviews when their planned omissions results in seeming political wins because everyone is confused. It's chaotic, just the way liberals like it lately, until they community-organize (communize) America

Liberals can pass laws to rob the treasury and give it to liberal voters for free when they win.

Liberals don't see corruption as a ride on the road to perdition. they view it as an easy way to get something for nothing for themselves and their friends at the taxpayers' expense.

It's very clinical, really.

U6 includes people who are employed. So how are people with jobs unemployed again?

 

[Mr. Shaman]

I do love your guys gusto in coming up with new "real" measures for unemployment.

That's because liberals want to blame others but accept no responsibility for anything the press will help them hide.

Unemployment means people cannot get work, and by ignoring reality and pretending lower unemployment that depression, Democrats can win elections based on the lies with which their paid-for media folk go along for lucrative interviews when their planned omissions results in seeming political wins because everyone is confused. It's chaotic, just the way liberals like it lately, until they community-organize (communize) America

Liberals can pass laws to rob the treasury and give it to liberal voters for free when they win.

Liberals don't see corruption as a ride on the road to perdition. they view it as an easy way to get something for nothing for themselves and their friends at the taxpayers' expense.

It's very clinical, really.

We've always suspected your depression was clinical....after the ass-whuppin' you took, in November.

Hang-in-there! Everything's temporary....except the end of one more Republican throw-away candidate's political-career.

"Got any change?"​

 

[Lumpy 1]

The media always published U3 regardless if a Democratic or Republican President is in charge. The idea that they switch over to U3 from U6 between a Republican administration and a Democratic administration is complete and utter hogwash.

However, we all know how Republicans think there is a grand liberal media conspiracy theory and that the BLS cooks the books.

Regardless, the trend is downward for both metrics.

The most ironic thing about this is that they blame Obama for austerity measurements while bitching and complaining about out of control spending.

There hasn't been this type of long term unemployment in over sixty years, that's the difference...

....and what austerity measurements are you referring too?

pure bullshit, I'm thinking...