Unemployment Numbers as off April 5, 2012

Discussion in 'Economy' started by GHook93, Apr 5, 2012.

  1. GHook93
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    GHook93 Aristotle

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    Funny how the lame-stream media is not reporting that the faux unemployment numbers remain stagnant in March.

    Gallup Daily: U.S. Employment

    Full Time Employed = 64.5%:, which would mean that 35.5% of Americans of majority age are NOT WORKING or UNDER-EMPLOYED. Yet unemployment + under-employed is only 26.1%, where do these other 10% go? What the government says is they are not looking! True for some, such as house-wives, welfare receiptants (even though this group is supposed to be looking) and the legally disable. However, the goverment puts BREAD-WINNERS in this group, who are supposedly are "NOT LOOKING!" What crap! These people are looking but can't find a job, get an interview or even find open positions in their field. "Legit not lookers" stated above (house-wives) make up about 2-3% of the "NOT LOOKING!" The other 7-8% are bread-winners unemployed so long the government considers them outside the unemployment ranks for POLITICAL PURPOSES!

    Faux unemployment = 8.3% - TRUE Umemployment = 15.3%-16.3%

    Under-Employment = 17.8% = Hence why we see so many adults, recent college graduates and clean cut non-illegal Hispanics at the registers in fast food joynts, in Target/Walmart and chain clothing stores working for minimum wage or slightly above it!

    Faux Umemployment + Under-employment = 26.1% - TRUE Umemployment + Under-employment rate= 15.3%-16.3%+ 17.8% = 33.1%-34.1%

    If you you really think this is a good economy and that this is a recovery than your a moron!

    What Gallup Tracks:
    DEFINITIONS OF GROUPS:
     
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    Last edited: Apr 5, 2012
  2. GHook93
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    GHook93 Aristotle

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    Because Bush was a bad President and most do not disagree with that! The fact that Bush did it doesn't take away the fact the TRUE unemployment stats are 15-16%!!!
     
  3. Truthmatters
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    Truthmatters BANNED

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    There is a reason the republicans planned this economic crash like they did.

    The boomers were about to retire and they had some decent savings and pensions coming.

    the republican party crashed the economy so these things could be raided by the wealthy.

    It worked just as planned by the republcan party.
     
  4. GHook93
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    GHook93 Aristotle

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    OK I will bite. The crash was based off of an artificial housing market. Those policies came from the Clinton administration and ignored during the Bush administration.

    First, the Community Reinvestment Act, brain child of economic dumbass Jimmy Carter, was revived by Clinton to "provide the American Dream of Homeownership to everone!" It forced the big banks (you know the ones that got the bailouts) to lend a certain percentage of their portfolio to low income Americans and Minorities or face harsh fines and fees and lose tax benefits. No way to do this without tossing out the risk matrix. Clinton admin started this snowball that couldn't be stopped and the ECONOMICALLY challenged Bush administration ignored it.

    Second, Clinton Admin under the GUIDANCE of Dimocrats Dodds and Frank, gave Fannie Mae and Freddie Mac (created in the '30s) the absolute power to create a boneheaded and artifical secondary market. Here banks and investors could right toxic and moronic loans making a killing off the front-end and then sell them off to FM/FM without taking any of the risk! It would be like a person buying spoiled fruit for $5 and selling it off to a quasi-government agency for $50, regardless of the fact the fruit was spoiled at the time the original person bought them.

    Truthmatter you are mentally challenged so you can still blame the GOP for everything OR YOU CAN FINALLY LOOK AT REALITY! Your choice!
     
  5. GHook93
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    GHook93 Aristotle

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    Answers this question: Does it matter to you under-employment is so high? Do you get depressed anytime you walk into a chain clothing store or fast food joynt that used to be filled with kids are now filled with adults?

    Or is saying the Bush and the big bad Republican's fault an easier way to make you feel better?
     
  6. pinqy
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    pinqy Gold Member

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    No, that's not what it means. The Denominator used is the Labor Force, which is Employed + Unemployed. So 64.5% of the Labor Force is employed Full Time.

    Gallup's Underemployment number INCLUDES the unemployed, so you're double counting (it says right there in your link what Underemployment means.

    So what we have is, of the Labor Force 64.5% are working full time. 8.3% is Unemployed. And 9.5% is working part time but wants to work full time. Which means 17.7% is working part time by choice.

    Well, first, you're not quoting government numbers, so your argument kind of falls apart.

    The official numbers come out tomorrow, but let's look at the February numbers (not seasonally adjusted).

    Adult Civilian Non-Institutional Population (everyone 16 years+ not in prison, the military, or an institution): 242,435,000

    Employed: 140,684,000
    Employed Full Time: 112,587,000
    Employed Part Time: 28,096,000
    Employed Part Time for Economic reasons (cut hours or can't find full time job): 8,455,000​

    Unemployed: 13,430,000

    Not in the Labor Force: (Not working and not looking): 88,322,000
    Not in Labor Force, wants a job now: 6,376,000
    Marginally Attached: willing and able to work, looked in last year but not last month: 2,608,000
    Discouraged: Marginally attached, not looking because doesn't believe will be successful: 1,006,000 ​

    Source: Employment Situation (will all change tomorrow)

    Please cite your source.

    You're quoting the Gallup number, defined as "Underemployed respondents are those in the workforce who are either unemployed or employed part time, but want to work full time." So no, they're not talking about qualifications or education.

    Again, you're double counting and then making up numbers.

    It's not good, but it is a recovery.

    Funny how you quote the definition, but then ignore it in order to double count unemployed (already part of the Underemployed rate) and falsely claim it means college grads working min wage jobs.

    Why is it so difficult for you to do actual research or to understand what you do read?
     
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  7. GHook93
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    GHook93 Aristotle

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    Full time employment = 64.5%, which means 35.5% of adults at majority age don't work fulltime. 17.8% are under-employed, which includes unemployed (to my negligence I missed that in the original post), therefore the government puts 17.7% in the no mans land of NOT LOOKING!

    Again there are legitimate not lookers: (1) House Wives, (2) People on Welfare (although they are supposed to be looking) and (3) Legally Disability. I would say, on the liberal end, these people make up no more than 6%. Therefore the other 11.7% of the supposed NOT LOOKING category are the BREAD-WINNERS out of work so long the government tosses out of the unemployment stats (hence which has the effect of ranking them as employed :confused:).

    CONCLUSION
    REAL Unemployment = 20%!!!
    Faux unemployment + the Non-Lookers Bread Winners Unemployed = Real Unemployment
    8.3% + (17.7%-6%) = 20%
     
  8. Peach
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    Peach Gold Member

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    Accepting either set of numbers, unemployment is HIGH, bad news for Obama.
     
  9. 8537
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    8537 Senior Member

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    Oh gawd...the denial and stupidity gets worse every month.

    Your head is going to explode at 8:30 EST tomorrow.
     
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  10. pinqy
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    pinqy Gold Member

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    NO, it doesn't. The Gallup number you're citing is 64.5% of THE LABOR FORCE, not the adult population. There's a difference. The Labor Force is Employed + Unemployed. No one not looking for work is included in the Gallup numbers.

    If you want to use the population, the percent is a lot lower.....Looking at the numbers I cited, the Adult population for Feb was 242,435,000
    Employed full time was 112,587,000
    112,587,000/242,435,000 = 46.4% of the population. So not only are you screwing up your math, you're making it better than it really is.

    Again, no. The GALLUP numbers (not government) you're citing are of the LABOR FORCE.
    So it's 64.5% of the Labor Force is working Full Time.
    17.8% are either unemployed or working part time but want to work full time.
    That leaves 17.7% working part time by choice. You've left those completely out of your calculations.

    And it's WAY more than 17% not looking for work. Not in the Labor Force is 88,322,000
    Population is 242,435,000
    36.4% of the 16 years old + population is not looking for work. BUT ONLY 6,376,000 SAY THEY WANT TO WORK. And most of them aren't actually available.

    You're forgetting full time students.

    You're just making up numbers now.

    Let's look again. 88,322,000 people neither working nor looking for work. 6,376,000 say they want a job now. So that's 7.2% of the people not looking for work (2.6% of the population) say they want to work. BUT, when further questioned as to whether they could have taken a job last week if offered AND if they had looked for work at all in the last year, only 2,608,000 could say yes to both. That's 40.9% of those who say they want to work, 3% of those not working, 1.1% of the population.

    Further questioned WHY they hadn't looked in the last month, only 1,006,000 said it was due to discouragement. The other 1.6 million didn't look due to injury, illness, child care, elderly care, transportation, school etc issues.

    You also seem to think there are only TWO categories when you say things like "out of the unemployment stats (hence which has the effect of ranking them as employed." There are THREE categories: Employed (worked during reference week), Unemployed (did not work during reference week, actively looked for work in the 4 weeks ending with the reference week), and Not In the Labor Force (did not work, not looking).
     

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