Want to bet it's NOT 4.7%!
Employment Situation Summary
Total nonfarm payroll employment rose by 156,000 in December, and
the unemployment rate
was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today.
The state and federal governments calculate unemployment differently.
States often measure unemployment by the number of people receiving unemployment benefits. But that, of course, can be misleading since unemployment benefits expire, leaving the unemployed without a way to be measured.
The federal U.S. government, which releases the ubiquitous “unemployment rate” our country focuses on, uses a calculation to measure how many people are unemployed, though this measurement is also flawed.
Surveyors from the Bureau of Labor Statistics (BLS) visit 60,000 households every month and ask a number of questions to determine someone’s employment status. If someone works full-time, part-time, or is self-employed, they are considered employed. If someone does not have a job of any kind, but has been looking for one for the past four weeks, they are considered unemployed. If someone does not have a job and isn’t looking for one, they are considered outside of the labor force.
The rate is then calculated as the number of people who are actively looking for jobs (i.e. the “unemployed”) divided by the number of people who have jobs plus those actively looking (i.e. the “labor force”). Anyone who is not looking is not considered part of the calculation.
What is the
REAL National unemployment rate
More fucked up, beefed up, propaganda polls,
to present unemployment lower then it really is
and avoid accountability for the economic stimulus sham
Will anyone be moving from La La Land,
and back to reality any time soon?