Why the 8.6% Unemployment is Political BULLSHIT!!!

Discussion in 'Politics' started by GHook93, Jan 19, 2012.

  1. GHook93
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    GHook93 Aristotle

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    The US adult population is composed of three groups: (1) The Employed, (2) The Unemployed and the (3) Not in the labor market. Yet the calculation for unemployment under the Obama Administration ONLY considers the employed and unemployed.

    The largest growing segment of the adult population since 2008 isn't employed or unemployed its NOT IN THE LABOR MARKET!

    See below you are considered "Not in Labor Force" if a person stops looking for work but are available for work. This means not a person who is now disabled or retired. "Stop looking" is measured when someones unemployment checks run out! These people are still unemployed, they are actually worse off the the official unemployed receiving checks from the government. Yet the Obama administration thinks it's wise to take them out of the unemployment numbers, so they can toss up a bullshit number showing unemployment has decreased!

    True the 'Not in the Labor Market' can be for various reasons, but the vast majority of Americans are getting lumped in there because their unemployment benefits have run out and they can't find a job. This segment has grown by leaps and bounds since Obama has taken office. It's growth is the only reason the bullshit unemployment number isn't in the teens or glup 20s! The get knocked out of the number FOR POLITICAL REASONS! However, most people aren't buying it! Only partisan hacks do.

    This chart shows the stagnant growth in the labor market, regardless of the propaganda pelted by the Obama administration on unemployment levels!
    [​IMG]


    Three way to calculate the labor force!
    [​IMG]
     
  2. GHook93
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    GHook93 Aristotle

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    Unemployed New Graduates:

    The Obama administration does not consider new graduates entering the labor force but can't find a job. They are not considered, because they aren't entitled to unemployment benefits yet. Tell that to my little cousin who graduated from college 2010. He has huge student loan payments, but he is unable to find work, despite the fact that he has two extensive internship for his resume, graduated in the top 25% of his class from a top trier school. He is not in the unemployment rate.

    Underemployed:

    Then you have the people whose unemployment checks have run out and they take any job they can get. These people are making pennies considering what they use to make. Yet they fall out of the unemployment numbers because they are technically considered employed!
     
  3. GHook93
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    GHook93 Aristotle

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    ...if the Obama administration really believed in the transparency he campaigned on back in '07-'08, then he would add the 'Not in Labor Force,' 'New grads unable to find a job' and 'Under-employed' into the employment number. But that REAL UNEMPLOYMENT number would be in the 20s! Obama can't have that; therefore, he makes up a bullshit number!
     
  4. pinqy
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    pinqy Gold Member

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    Why did you include "under the Obama administration?" No other administration has considered Not in the Labor Force for the UE rate either.

    And it's still a much lower percent than anytime before 1982.

    Read it again. Not in the labor force simply means not employed (working) or unemployed (looking for woUrk). Yes it includes some people who are theoretically available to work but that's not a requirement as you seem to be implying.

    There are 87,212,000 people Not in the Labor Force (Table A-1). 21,687,000 (24.9%) are disabled (Table A-6) and 21,475,000 (24.6%) are over 65 and not disabled (also Table A-6).


    You made that up of course, because you certainly don't have a cite or reference.
    And it's so easily disproven by looking at Table A-11 (Reason for unemployment). How are people who quit, people who have never had a job, and people re entering the labor force receiving checks as you claim they must be to be counted as unemployed? And also explain how the number of unemployed is about twice the number of people receiving checks? (as found at Dept of Labor under "Persons claiming benefits in all programs).

    Again, UI benefits aren't a factor as they aren't even asked about in the survey. But also, going back to Table A-1, look at "Persons who currently want a job." Note these are people Not in the Labor Force who say they want a job now. Do the math. How do you figure that 7% of those not in the labor force want a job is a majority of any kind?


    Where did you hear that bullshit? It's not true.

    Are you saying they're not employed?
     
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    Last edited: Jan 21, 2012
  5. Teals_Of_Wonder
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    Teals_Of_Wonder BANNED

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    Rasmussem/Gallup should take a Presidential Poll of soley the unemployed, then we can get a better idea of who wins in 2012.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Not gonna improve much any time soon...
    :eusa_eh:
    CBO: Unemployment to Be ‘Largely Unchanged’ in 2012, 2013
    January 31, 2012 – The Congressional Budget Office (CBO) projects that the unemployment situation will remain “largely unchanged” in 2012 and again in 2013 as the economy struggles to recover from the record recession of 2007-2008.
     
  7. Valox
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    Valox Senior Member

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    I would be curious to see a link citing that the BLS methodology changed on January 20th, 2009.

    Other than that, I share your concerns about not normalizing for the LFPR.
     
  8. GHook93
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    GHook93 Aristotle

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    To be fair W used the same methodology, but he was a pretty bad president himself. One can't think Obama sucks and also think Bush was a horrendous President also. It's not mutually exclusive. I voted for Kerry in 2000. Granted I was in college and much more liberal back then, but I would probably have done it again knowing how bad a President Bush turned out to be. Nevertheless, the "not in the market" group was much much smaller under Bush. It an epidemic under Obama!
     
  9. Valox
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    Valox Senior Member

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    To be fair, how is the President in charge of BLS calculations?
     
  10. pinqy
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    pinqy Gold Member

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    and every other president, and most countries in th world.
    Well, yeah....the economy is worse so more people have dropped out and fewer tried to get in the labor market.
     

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