Real Unemployment Rate Is at Least 18 Percent

[Faun]

What a splendid display of ODS -- Bush nearly doubles U6 unemployment from 7.3% to 14.2%, an increase of a whopping 95% and second only to Herbert Hoover, another rightwing loser. Obama lowers U6 unemployment from 14.2% to 12.2%, a decrease of 14% -- yet your outrage is aimed at the president who lowered the U6 rate but not the one who nearly doubled it.

dear, unemployment is always highest when a recession hits. The issue is whether it gets fixed quickly or not. Under Obama's liberal soviet interference idiocy we have the slowest recovery since the Great liberal Depression. Do you understand now?

I understand you're overcome with ODS. Bush doubles unemployment ... Obama decreases it 14% ... and your problem is with Obama

 

[Faun]

There is if you look,,



Baby Boomer Retirement: Fascinating Statistics about Baby Boomers

That proved my point, thanks!

It states that 10,000 people are turning 65 every day, not that 10,000 people are retiring every day. Not every person turning 65 is employed to begin with.

And not all the ones who are working are retiring. The LFP rate for people over 65 us INCREASING.

Because people are turning 65 at a record pace.

 

[EdwardBaiamonte]

What a splendid display of ODS -- Bush nearly doubles U6 unemployment from 7.3% to 14.2%, an increase of a whopping 95% and second only to Herbert Hoover, another rightwing loser. Obama lowers U6 unemployment from 14.2% to 12.2%, a decrease of 14% -- yet your outrage is aimed at the president who lowered the U6 rate but not the one who nearly doubled it.

dear, unemployment is always highest when a recession hits. The issue is whether it gets fixed quickly or not. Under Obama's liberal soviet interference idiocy we have the slowest recovery since the Great liberal Depression. Do you understand now?

I understand you're overcome with ODS. Bush doubles unemployment ... Obama decreases it 14% ... and your problem is with Obama

dear, Obama's decrease is the worst economic performance since the Great Recession. Do you understand now?

 

[auditor0007]

Watch the left-wingers leap all over this because it's a Breitbart site story. Nothing about the facts reported or the truth.

“Truth? I don't want no damn truth!”

We hear it all the time.

But, for your own information, read the story @ Real Unemployment Rate Is at Least 18 Percent

Here is the deal. I have no clue what the real unemployment rate is. What I do know is that the only person I know who was unemployed just got hired yesterday, so I currently do not know anyone personally who is unemployed.

 

[jasonnfree]

That proved my point, thanks!

It states that 10,000 people are turning 65 every day, not that 10,000 people are retiring every day. Not every person turning 65 is employed to begin with.

I admit you are right, so I recalculated using a different SSA source.

There were 32,273,145 retired workers, not including spouses and children, at the end of 2008 and 37,891,025 at the end of 2013, which comes to 5,617,880 retired workers over 5 years or 1,123,576 per year or 93,631 per month or 3,121 per day.

Social Security Beneficiary Statistics

and sadly u6 is still over 12%, 50% higher than before recession thanks to idiotic liberal mismanagement of the economy. Had it not been for the energy revolution Obama's unemployment would be 16% putting him in league with FDR.

Good luck trying to convince anyone that FDR was a failure. You never would have done it with anyone that went through the depression. Being close to 70, I knew too many of those people and the stories of the depression.

 

[EdwardBaiamonte]

I admit you are right, so I recalculated using a different SSA source.

There were 32,273,145 retired workers, not including spouses and children, at the end of 2008 and 37,891,025 at the end of 2013, which comes to 5,617,880 retired workers over 5 years or 1,123,576 per year or 93,631 per month or 3,121 per day.

Social Security Beneficiary Statistics

and sadly u6 is still over 12%, 50% higher than before recession thanks to idiotic liberal mismanagement of the economy. Had it not been for the energy revolution Obama's unemployment would be 16% putting him in league with FDR.

Good luck trying to convince anyone that FDR was a failure.

dear, most conservatives at least are 100% convinced that a depression and world war are very bad!! FDR was worst in American History.

 

[edthecynic]

and sadly u6 is still over 12%, 50% higher than before recession thanks to idiotic liberal mismanagement of the economy. Had it not been for the energy revolution Obama's unemployment would be 16% putting him in league with FDR.

Good luck trying to convince anyone that FDR was a failure.

dear, most conservatives at least are 100% convinced that a depression and world war are very bad!! FDR was worst in American History.

Unfortunately for you Cons are ALWAYS 100% wrong.

 

[EdwardBaiamonte]

Good luck trying to convince anyone that FDR was a failure.

dear, most conservatives at least are 100% convinced that a depression and world war are very bad!! FDR was worst in American History.

Unfortunately for you Cons are ALWAYS 100% wrong.

how stupid does one have to be to say in a debate, "you are wrong" and not even imagine that providing evidence is necessary.

 

[Rozman]

If people are retiring how are they part of the work force....
They are retired....

 

[hipeter924]

Actually more like 20%+ when you look at the demographics that matter to America's future like 16-24 year olds, though this still shows an increase in employment from last year.

Looking at the 'Employment and Unemployment Among Youth Summary' from the Bureau of Labor': Employment and Unemployment Among Youth Summary

From April to July 2014, the number of employed youth 16 to 24 years old increased by 2.1 million to 20.1 million, the U.S. Bureau of Labor Statistics reported today. This year, 51.9 percent of young people were employed in July, up from 50.7 percent a year earlier. (The month of July typically is the summertime peak in youth employment.) Unemployment among youth rose by 913,000 from April to July 2014, compared with an increase of 692,000 for the same period in 2013. (Because this analysis focuses on the seasonal changes in youth employment and unemployment that occur each spring and summer, the data are not seasonally adjusted.)

That said, since the US doesn't literally count every illegal immigrant, or person unemployed (meaning how these statistics seem to put those working alongside those still looking for work), they can be misleading.

 

[EdwardBaiamonte]

(meaning how these statistics seem to put those working alongside those still looking for work), they can be misleading.

dear, there is nothing misleading the statictics show 6 different ways to measure unemployment from u1-u6. U3 is the one most widely reported. U6 shows the whole story which is that real unemployment under Obama is 50% higher!!

 

[edthecynic]

(meaning how these statistics seem to put those working alongside those still looking for work), they can be misleading.

dear, there is nothing misleading the statictics show 6 different ways to measure unemployment from u1-u6. U3 is the one most widely reported. U6 shows the whole story which is that real unemployment under Obama is 50% higher!!

Actually the U-6 is 29% lower than at the peak of the Bush depression.

 

[pinqy]

(meaning how these statistics seem to put those working alongside those still looking for work), they can be misleading.

dear, there is nothing misleading the statictics show 6 different ways to measure unemployment from u1-u6. U3 is the one most widely reported. U6 shows the whole story which is that real unemployment under Obama is 50% higher!!

The U6 is not a measure of unemployment. It is a measure of under-utilization.
Only U-1,2,3 are unemployment rates. U-4,5, and 6 include people who are not unemployed.

 

[SteadyMercury]

how stupid does one have to be to say in a debate, "you are wrong" and not even imagine that providing evidence is necessary.

Why don't you answer, he was responding to a post by you that made a claim while providing zero evidence.

 

[SteadyMercury]

The U6 is not a measure of unemployment. It is a measure of under-utilization.
Only U-1,2,3 are unemployment rates. U-4,5, and 6 include people who are not unemployed.

Good luck getting thru.

 

[EdwardBaiamonte]

The U6 is not a measure of unemployment. It is a measure of under-utilization.
Only U-1,2,3 are unemployment rates. U-4,5, and 6 include people who are not unemployed.

Good luck getting thru.

the U in U6 stands for unemployment.
workers counted as employed by U-3( the most commonly used measure of unemployment) could be working as little as an hour a week.

 

[EdwardBaiamonte]

(meaning how these statistics seem to put those working alongside those still looking for work), they can be misleading.

dear, there is nothing misleading the statictics show 6 different ways to measure unemployment from u1-u6. U3 is the one most widely reported. U6 shows the whole story which is that real unemployment under Obama is 50% higher!!

Actually the U-6 is 29% lower than at the peak of the Bush depression.

most importantly after 5 years of Barry its 50% higher than the noraml rate before the recession. That is why we say its the worst recovery since the Great Depression.

 

[pinqy]

The U6 is not a measure of unemployment. It is a measure of under-utilization.
Only U-1,2,3 are unemployment rates. U-4,5, and 6 include people who are not unemployed.

Good luck getting thru.

the U in U6 stands for unemployment.
workers counted as employed by U-3( the most commonly used measure of unemployment) could be working as little as an hour a week.

Underutilization also starts with U. What is the title of Table A-15 called?
An the U-6 definition clearly stes that the numerator is Unemployed plus All Marginally Attached plus Part Time for Economic Reasons. Unemployed is not redefined.

And workers counted as employed in the U-6 could also be working as little as 1 hour/week. And if it's by choice, or by any other reason than cut hours or inability to find full time work, they're not in the numerator, either.

That's one of the ridiculous things about claiming the U-6 numerator is "unemployed": you can have one person called unemployed working 3 times (or more) the hours of someone you're calling employed.

 

[EdwardBaiamonte]

Good luck getting thru.

the U in U6 stands for unemployment.
workers counted as employed by U-3( the most commonly used measure of unemployment) could be working as little as an hour a week.

Underutilization also starts with U. What is the title of Table A-15 called?
An the U-6 definition clearly stes that the numerator is Unemployed plus All Marginally Attached plus Part Time for Economic Reasons. Unemployed is not redefined.

And workers counted as employed in the U-6 could also be working as little as 1 hour/week. And if it's by choice, or by any other reason than cut hours or inability to find full time work, they're not in the numerator, either.

That's one of the ridiculous things about claiming the U-6 numerator is "unemployed": you can have one person called unemployed working 3 times (or more) the hours of someone you're calling employed.

dear, please wake up!! The issue is that U6 is 50% higher now than it was before recession. This is 5 years after Barry's lib soviet policies and 3 years past the "summer of recovery"!!! Now do you understand why we say this is worst recovery since Great liberal Depression.

 

[pinqy]

the U in U6 stands for unemployment.
workers counted as employed by U-3( the most commonly used measure of unemployment) could be working as little as an hour a week.

Underutilization also starts with U. What is the title of Table A-15 called?
An the U-6 definition clearly stes that the numerator is Unemployed plus All Marginally Attached plus Part Time for Economic Reasons. Unemployed is not redefined.

And workers counted as employed in the U-6 could also be working as little as 1 hour/week. And if it's by choice, or by any other reason than cut hours or inability to find full time work, they're not in the numerator, either.

That's one of the ridiculous things about claiming the U-6 numerator is "unemployed": you can have one person called unemployed working 3 times (or more) the hours of someone you're calling employed.

dear, please wake up!! The issue is that U6 is 50% higher now than it was before recession.

Only if you do some rounding. Or suck at math.
And the issue is direction. At its worst in April 2010, the U6 was 17.2% up from 8.8 in dec 2007. Now it's 12.2, an improvement.
And by what math is 12.2 50% more than 8.8?