Shadowstats: Unemployment Rate is 22.5%

Discussion in 'Economy' started by Mad Scientist, Feb 6, 2012.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    From KingWorld News:
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  2. editec
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    editec Mr. Forgot-it-All

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    Yeah such things a FREE TRADE and the BANKSTER's MELTDOWN definitely do bad things to the employment situation.
     
  3. DSGE
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    DSGE VIP Member

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    BLS publishes this: BLS Handbook of Methods

    They tell everybody exactly what methods and formulas they're using and also publish detailed disaggregated data. I've looked through the shadowstats website and can't find anything similar. How is anybody supposed to verify his results or check that his methods aren't flawed?
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    And you believe that?

    The DOJ walked weapons to Mexican drug cartel so they could undermine the 2nd Amendment.
    Obama said he wouldn't sign NDAA right before he signed it.
    The Supreme Court ruled that Corporations are People.

    When are you gonna' pull your head out of your ass and realize the gov't will lie to you and screw you at every opportunity?

    But you see, this is exactly why Obama needs the Internet Kill Switch. Gov't can't stay in power while this information is in circulation. They just can't.

    "When the gov't fears the people, there is Liberty. When the people fear the gov't, there is tyranny".

    Which do you think is the case today?
     
  5. Sirkarl101
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    Sirkarl101 Member

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    It does not matter which party screws us does it? Corrupt is corrupt.
     
  6. DSGE
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    DSGE VIP Member

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    The point is I have to trust shadowstats more than I do BLS. I can actually see the methodology BLS is using and personally double check it. I can't do any such thing with shadowstats. For all I know this guy is just making up the numbers.

    And now you've gone and started sounding crazy, which leads me to believe you don't actually care about accurate statistical methods and more just want to criticise the government. If you want to criticise the government, go for it. But don't dress it up in bullshit.
     
  7. BluePhantom
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    BluePhantom Educator (of liberals)

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    Yeah I had a look at Shawdowstats myself and reviewed their numbers and couldn't find their methodology (which is vital to establish legitimacy). That being said most other agencies place real unemployment between 11% and 15% once you add back in all the people that gave up looking for work and/or are underemployed.

    So I don't particularly trust Shadowstats conclusion here but I can tell you that unemployment is a hell of a lot higher than 8.3.
     
  8. samjones
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    samjones Member

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    No. You can't. Not unless you want to start just making shit up like Shadowstats did.
     
  9. DSGE
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    DSGE VIP Member

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    Depends how you define "unemployment". With the typical definition it's 8.3, but then the typical definition doesn't seem to apply so much during a prolonged downturn when people leave the labour force. So I look at this instead:

    [​IMG]

    When the employment-population ratio starts consistently climbing maybe then I'll get excited about a recovery.
     
  10. edthecynic
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    edthecynic Censored for Cynicism

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    So Bush took UE from 10% to 20% and Obama only took it from 20% to 22.5%. Obama has quite a ways to go before he's as bad as Bush! :lol:
     

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