TRUE Unemployment is at 19%!!!

[GHook93]

Only a politician use a stat where only 96k people find work, more people in the same month filled for unemployment than found a job (by a LARGE margin) and close to 400K have been unemployed so long then get tossed out of the labor force and have a positive effect on the the unemployment rate!

Real Unemployment at 19%
Consider the following 11 economic facts:

1. When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.

2. If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday would be 11.2 percent.

3. A record 88,921,000 Americans are no longer in the labor force. To be included in that figure, an individual must be over 16 years of age, a civilian, not in a mental hospital or nursing home, and have stopped hunting for a job for at least four weeks.

4. The average American lost 40 percent of their wealth from 2007 to 2010.

5. Every fifth man in America is out of work.

6. One out of two Americans are now low-income or below the poverty line.

7. Over the past four years, 400,000 food stamp recipients a month have been added to the welfare dole.

8. In 2006-2007, 90 percent of college graduates landed jobs. Under Obama, just 56 percent find work after college.

9. A gallon of gasoline cost $1.84 when Obama entered office. Today, a gallon of gas costs $3.77.

10. Every fourth home mortgage in America is underwater.

11. Under Obama, healthcare costs have skyrocketed 18.9 percent.

 

[Moonglow]

where si the variable for those that have found work but do not show up on the employment rolls?

 

[edthecynic]

Only a politician use a stat where only 96k people find work, more people in the same month filled for unemployment than found a job (by a LARGE margin) and close to 400K have been unemployed so long then get tossed out of the labor force and have a positive effect on the the unemployment rate!

Real Unemployment at 19%
Consider the following 11 economic facts:

1. When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.

Bigotbart

Well, since that 8 million is a completely made up number, it is certainly better than Bush's 20 million workers who gave up looking for work and 30% TRUE unemployment.

Seriously, the number of workers who have given up looking for work is less than 1 million. So much for Bigotbart's credibility for what they call a "fact."

Employment Situation Summary

Among the marginally attached, there were 844,000 discouraged workers in August, a
decline of 133,000 from a year earlier.

 

[Chris]

God, what a bunch of whinners.

Half the people out there don't report their income on taxes.

Come to Virginia. There are plenty of jobs.

 

[Moonglow]

There is alot of work here where I live also.

 

[Chris]

We are an aging country.

10,000 Americans a day are retiring.

There is going to be a labor shortage.

 

[Lakhota]

More crazy shit from Breitbart.

 

[Listening]

According to the left, the private sector is doing fine.

Why don't they say that more ?

 

[auditor0007]

Only a politician use a stat where only 96k people find work, more people in the same month filled for unemployment than found a job (by a LARGE margin) and close to 400K have been unemployed so long then get tossed out of the labor force and have a positive effect on the the unemployment rate!

Real Unemployment at 19%
Consider the following 11 economic facts:

1. When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.

2. If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday would be 11.2 percent.

3. A record 88,921,000 Americans are no longer in the labor force. To be included in that figure, an individual must be over 16 years of age, a civilian, not in a mental hospital or nursing home, and have stopped hunting for a job for at least four weeks.

4. The average American lost 40 percent of their wealth from 2007 to 2010.

5. Every fifth man in America is out of work.

6. One out of two Americans are now low-income or below the poverty line.

7. Over the past four years, 400,000 food stamp recipients a month have been added to the welfare dole.

8. In 2006-2007, 90 percent of college graduates landed jobs. Under Obama, just 56 percent find work after college.

9. A gallon of gasoline cost $1.84 when Obama entered office. Today, a gallon of gas costs $3.77.

10. Every fourth home mortgage in America is underwater.

11. Under Obama, healthcare costs have skyrocketed 18.9 percent.

Sorry, but it's nowhere near 19%. Now if you want to make an argument that your number includes unemployed and underemployed, then I would buy into that. There are many people out there who are working part-time jobs or even full-time jobs but they aren't earning enough to get by.

 

[GHook93]

God, what a bunch of whinners.

Half the people out there don't report their income on taxes.

Come to Virginia. There are plenty of jobs.

LOL, sure they don't!!! That is so liberal of you!

 

[GHook93]

According to the left, the private sector is doing fine.

Why don't they say that more ?

Because the economy only is bad in their eyes when a Republican is in charge!

 

[Rozman]

We are an aging country.

10,000 Americans a day are retiring.

There is going to be a labor shortage.

And this never happened before.
Only since Obama became President did this start.