Who agrees with Rush Limbaugh that reducing the number of JOBS lowers the UE rate?

Discussion in 'Media' started by edthecynic, Feb 18, 2012.

  1. edthecynic
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    edthecynic Censored for Cynicism

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    February 17, 2012
    RUSH: I want to try this unemployment business with numbers, but I must acknowledge that following numbers on the radio is admittedly tough to do. You can't see them. But I'm gonna give you two examples. Twenty jobs and five people fill them, so 15 of the 20 jobs unfilled. That's an unemployment rate of 80%. You got a universe here of 20 possible jobs, five of them are filled. That means 20% are working, 80% are not. Now let's reduce the 20 to 15. There are 15 jobs, that's what the regime has done, they've simply erased, in my example, five jobs. The same number of people, five people working, but now 15 jobs available. That is an unemployment rate of 66%. It has come down from 80%.

    When five people fill 20 jobs, there are 15 jobs unfilled that people are looking for. Unemployment rate, 80%. Now that 20 becomes 15 jobs. Same number of people work at this place, but now there are only ten positions to fill instead of 15, that means the unemployment rate is 66%. So with the same number of people working and the same number of people looking, with five fewer jobs available, if you want to express those working versus the jobs available, the percentage is 66% verse 80 percent, the unemployment rate. You could look at it the other way around, 20% are working. Five people occupy 15 jobs, 33% are working. You simply make smaller the universe of possibility and keep the number of people chasing that number the same. And by simple math, the rate of unemployment, unfilled jobs will go down.

    Not because new jobs have been created, by the way. This is the point of it. The unemployment rate in this country is coming down, but there aren't any new jobs being created. This is the scam. They're still unemployed. They're still applying for unemployment compensation. They're still running out of their 99 weeks. They're still giving up looking. Everything's the same. So how can the unemployment rate be coming down? Well, it isn't. What's happening is, the regime is simply reducing the overall number of jobs that are possible to be filled. Look, I am lousy at math, and this makes perfect sense to me. This is undeniable. And this is the scam. Unemployment rate is coming down, but the employment rate's not going up. So what explains it? Well, I just did.
     
  2. edthecynic
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    edthecynic Censored for Cynicism

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  3. Rozman
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    Rozman Gold Member Supporting Member

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    What would you like better 15 people,10 people or 8 people sharing a large pie.
    You take a bunch of people out of the jobless equation and Obama looks good on
    the issue.Something I felt they would do for over a year now.
    The closer they get to the election the more ways they will find to make the numbers looks even
    better.
     
  4. edthecynic
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    edthecynic Censored for Cynicism

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    Something I knew from the moment Obama was inaugurated, CON$ would deny any improvement in the economy, no matter how moronic the rationalization, until they can no longer deny improvement, and then they will say Obama had nothing to do with it.

    However the question is do you agree with your MessiahRushie's rationalization that lowering the number of jobs lowers UE? He does not change the number of people as YOU do, only the number of jobs.

    So is his rationalization valid enough that anyone could accept it or so moronic only a DittoTard could be stupid enough to swallow it?
     
  5. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Well I am not a CON dollar sign (don't even know what the fuck that means, but I don't speak baby talk either) and the improvement in the economy has been negligible. The unemployment rate is calculated based on the number of unemployed still looking for work for the previous four weeks. There are millions of people who have stopped looking for work and thus, are no longer counted causing the rate to drop. This is a fact, which willfully ignorant people like yourself, choose to overlook because it would rain on your parade.

    No more moronic than you trying to rationalize that the president has a successful economic policy, but I suppose when you have the bar lowered as far down as the Obamabots do, then failure can be considered success.
     
  6. edthecynic
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    edthecynic Censored for Cynicism

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    Someone didn't bother to read their own link before they parroted their programming. :eek:
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    Does Limbaugh realize that the BLS actually compiles monthly data on the net number of jobs added each month? And, somewhat importantly, that is the number that the markets care about, and pay attention to?

    Has Limbaugh informed them that it's all a fantasy? :lol::lol:
     
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  8. NYcarbineer
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    NYcarbineer Diamond Member

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    That is simply false. The people you are referring to are counted in U-6, as opposed to the official number, which is U-3.

    U-6 is currently at a 36 month low. It has been falling along with U-3.
     
  9. midcan5
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    midcan5 liberal / progressive

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  10. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Perhaps I don't understand what Rush is saying, but from where I can see, he's got things a bit mixed up.

    If there were 20 jobs available, and only 5 people to fill them, that would be a 0% unemployment rate.
    If there were 5 jobs available, and 20 people looking for a job, that would be a 75% unemployment rate.
     

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