Unemployment in the US

[Neubarth]

From the BLS, U1-U6: Table A-12. Alternative measures of labor underutilization

From Shadow Statistics, the REAL Deal: Inflation, Money Supply, GDP, Unemployment and the Dollar - Alternate Data Series

From SGS:

The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated "discouraged workers" defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.

 

[Neubarth]

Look, each week we get the assessment of the newly unemployed. Most every week it is over half a million. Does anybody believe that most of that two million people at the end of the month (4 weeks) have all found work again before the end of the month? Everybody knows that is a lie by Big Government.

On May 28th it was 623,000
On May 21st it was 636,000
On May 14th it was 643,000
On May 7th it was 605,000
On April 30th it was 635,000
On April 23rd it was 645,000

And now they expect us to believe that only 345,000 actually lost their jobs in May. What lying sacks of sh!t!!!!!

 

[sealybobo]

Republicans need to stop listening to Fox News and start tuning into NPR. No wonder they don't get what's going on. Most of them are old and still have their jobs. And some of them even got screwed by the GOP but because the corporate/mainstream media is so powerful, they think it was Freddy Mack and Jimmy Carter.

This is a great story about just one of us struggling.

It's Up To You, New York (And Job Growth) : NPR

Or yesterday I heard Detroit homelessness has increased 10%. Ok GOP, so you will never be a poor black man in the city of Detroit. Does that mean you should ignore the problem? You don't even admit what the problems are. Or you didn't back when your party was leading us into this mess. But now you deny that what you did caused this mess.

You want to suggest that that all the people who complaining or out of work or can't afford healthcare are just whiners. Or they somehow aren't real Americans?

But they were working when jobs were available. And like millions of others, they will be taking jobs that pay less, just to get by. So don't you dare say they are lazy. Sure there are lazy people, but lazy people aren't the only ones struggling.

Its time for Republican voters to snap out of it. Stop arguing against everything that we need to fix the country.

American Good Paying Jobs. Start being FOR them. Its not socialism.

Inexpensive healthcare for all.

Cheap Oil and/or Alternative Energy, despite what Exxon wants.

Stopping companies from polluting.

Ending the wars and staying out of international bullshit affairs.

Taxing the rich to pay for their greed on Wallstreet. Instead they got you attacking people who got screwed by Countrywide.

End or at least control the Federal Reserve.

And we'll forget about everything Cheney & Bush did.

 

[sealybobo]

Look, each week we get the assessment of the newly unemployed. Most every week it is over half a million. Does anybody believe that most of that two million people at the end of the month (4 weeks) have all found work again before the end of the month? Everybody knows that is a lie by Big Government.

On May 28th it was 623,000
On May 21st it was 636,000
On May 14th it was 643,000
On May 7th it was 605,000
On April 30th it was 635,000
On April 23rd it was 645,000

And now they expect us to believe that only 345,000 actually lost their jobs in May. What lying sacks of sh!t!!!!!

Why do you say that? What about GM & Chrysler. Did you think they were kidding when they said GM going bankrupt would cause thousands of suppliers to lay off or go out of business? They're shutting down plants for the summer. Ripple effect. And they go by who's getting unemployment to measure how many are unemployed. What about the people who run out of unemployment? They don't count them anymore. So the numbers are actually higher. And many are under employed.

Bring jobs back home. Tax the rich like we did under Clinton. End the wars. Kick Illegals out. Reign in healthcare and big oil/energy.

Do these things and things will be right again. But watch the GOP will fight each of these things.

 

[Terral]

Hi Neubarth:

Look, each week we get the assessment of the newly unemployed. Most every week it is over half a million. Does anybody believe that most of that two million people at the end of the month (4 weeks) have all found work again before the end of the month? Everybody knows that is a lie by Big Government.

On May 28th it was 623,000
On May 21st it was 636,000
On May 14th it was 643,000
On May 7th it was 605,000
On April 30th it was 635,000
On April 23rd it was 645,000

And now they expect us to believe that only 345,000 actually lost their jobs in May. What lying sacks of sh!t!!!!!

Why should the New World Order Puppets in Washington D.C. tell anybody the truth, when We The Sheeple (pic) will believe just about anything? :0) Here is the deal: The real U.S. Financial System collapsed last year in the week of September 18 to September 23, 2008 (story), when Bernanke and Paulson ran to Congress (story from my thread). A good video series begins here:

[ame=http://www.youtube.com/watch?v=I6xw2gd4kMg]America's Bankrupt Banks (Inside the Meltdown) Pt 1[/ame]

All of this 'Bailout' Spending Stupidity is about propping up U.S. Economic Components that have already collapsed amid the carefully-orchestrated IMPLOSION of the U.S. Economy. The idea is for the Bushie/Obama Administrations to LIE LIKE HELL to give deluded Americans and the world the false impression that the U.S. Economy is alive and well (and improving), when in reality we have been looking at a DEAD economy for some time now.

Real Unemployment in the USA is MUCH higher (over 16 percent) than the out-of-control corrupt Govt is willing to admit, while trillions and trillions and trillions of dollars are being systematically created out of thin air 'and' stolen from We The People (story); while the grand total is added to the growing national debt. The 'real' National Debt surpassed 100 Trillion Dollars (story) some time ago 'and' is on the way to approaching 200 Trillion Dollars; while the Credit Default Swap Debt is measured in quadrillions of dollars (story).

The Loyal Bushie/Obama LIARS are creating the illusion that the U.S. Economy is getting better to buy time for when their New World Order "Plan" is ready to go 'hot' (my recent posts) later this summer, because We The Sheeple (more accurate depiction) will believe anything . . .

GL,

Terral

 

[pinqy]

And now they expect us to believe that only 345,000 actually lost their jobs in May. What lying sacks of sh!t!!!!!

Except nobody's making that claim. The 345,000 is the NET change in non-farm payroll employment, NOT a measure of how many people lost their jobs. Same thing with the Unemployment numbers (based on all employment, not just non-farm payroll)...the month to month change is the NET change, base on people either working or who are no longer trying to get a job.

 

[sealybobo]

It is widely known that the government's labor cost index, rather than its consumer price index, is the Greenspan Fed's favored indicator of inflation potential. Moreover, Greenspan himself observed publicly on a number of occasions that the anxiety of American workers over losing their jobs was a critical factor in keeping wages down during most of the 1990s. By 1999, tight labor markets (plus an increase in the minimum wage) were beginning to raise wages. Slowing down the economy was a way of weakening workers' resolve to demand more pay.

Today, it looks like Greenspan's gamble failed. The stock market began to tumble in the first half of 2000, not because labor costs were rising, but because limits of investor credulity were finally reached.

 

[sealybobo]

The Fed’s Unnecessary Assault on Wages

The Fed’s Unnecessary Assault on Wages

 

[Neubarth]

And now they expect us to believe that only 345,000 actually lost their jobs in May. What lying sacks of sh!t!!!!!

Except nobody's making that claim. The 345,000 is the NET change in non-farm payroll employment, NOT a measure of how many people lost their jobs. Same thing with the Unemployment numbers (based on all employment, not just non-farm payroll)...the month to month change is the NET change, base on people either working or who are no longer trying to get a job.

When the numbers are obviously blatantly false, what are you supposed to believe?

The real unemployment in May. Obama lied!
Quote

The media is regurgitating what the Obama minions feed them. Lie after lie after lie after lie.

Compare the numbers as I have pointed out. Obama's stooges say that unemployment only increased by 345,000 in May.

The Department of Labor said that Unemployment increased 0.5% in May, or 700,000 (Twice what Obama said)

And yet the number of people who filed for Unemployment Benefits in May were over two million 500 thousand (2,500,000)!!! That is a hell of a lot of people who were employed for the past year and are not working now.

There is no way in high holy hell that any intelligent person would ever believe the Obama numbers. Nothing but lies! The lies are so crappy that they make people who know what is going on laugh at the stupidity.

 

[pinqy]

When the numbers are obviously blatantly false, what are you supposed to believe?

Perhaps if you learned anything at all about how the numbers are calculated you'd actually understand it.

Compare the numbers as I have pointed out. Obama's stooges say that unemployment only increased by 345,000 in May.

No, not "Obama's stooges," but the Bureau of Labor Statistics. Neither the President nor any of his advisors have access to the numbers until the night before release...he has no clue what they will be until the report is finished.

The 345,000 loss is the seasonally adjusted figure from the non-farm payroll survey. This is a survey of approx 160,000 businesses (approx 400,000 worksites). It does not include agriculture, the self-employed, domestic workers, unpaid family workers. In April, the number of employed (excluding those mentioned) was 132,496,000 workers. In May it was 132,151,000: a total loss of 345,000. 345,000 more people left work than gained work.

The Department of Labor said that Unemployment increased 0.5% in May, or 700,000 (Twice what Obama said)

The Employment loss of 345,000 and the Unemployment figures come from the same report (but different surveys) by the same agency (BLS). And it did not increase by .5%, it increased by 5.7%...from 13,724,000 to 14,511,000. You can't even do simple math and you expect people to listen to you?

But in any case the Unemployment rate comes from the Household Survey..a survey of approx 60,000 households. It includes everyone 16 and over, not in prison, not in the military, not in a mental institute. That adult civilian population is currently 235,452,000. That's the population. Of those 235,452,000 people, in May approx 140,570,000 had worked (or were on vacation or sick) the previous week (down 437,000 from April), 14,511,000 had not worked, but were available to work and had looked for work in the previous week (up 787,000 from April). And 80,371,000 didn't look for work in the previous 4 weeks, most of them didn't want jobs (down 170,000).

I can hear you screaming that even those numbers don't add up. Re-read the definitions...they don't have to add up, they're not static. The 14,511,000 include people who never had a job and just started looking, people coming back into the workforce and don't have a job yet, people who hadn't looked the previous month but started looking again, etc. Plus, people who were not in the labor force in the previous month but got jobs are included in the employed level. The total Labor Force (the sum of employed and unemployed) went up by 350,000 people. That means in May 350,000 more people who in April weren't employed or looking for work either got a job or started looking for one (people leaving the military, prison, graduating from high school or college, turned 16 and started looking for work, spouses and/or children of someone who became unemployed trying to bring some income in, etc).

In April, there were 154,731,000 people in the Labor Force (Employed + Unemployed). In May there were 155,081,000. Some people left the Labor Force altogether and some people joined....350,000 more people joined than left. Some of those additional got jobs, some just started looking, and then too some people went from employed to unemployed and some went from unemployed to employed. It's entirely possible for both Employment and Unemployment to go up or both go down.

And yet the number of people who filed for Unemployment Benefits in May were over two million 500 thousand (2,500,000)!!! That is a hell of a lot of people who were employed for the past year and are not working now.

If they hadn't looked for work in the previous 4 weeks, they weren't counted as unemployed for the Household Survey. And the Household survey is calculated based on the levels of 1 week in the month...anyone who became unemployed after May 16th wouldn't show up as unemployed until the June figures (unless they either got a job or didn't look for work).

Add in that the unemployment insurance claims are the full admin numbers while the non farm payroll survey and the Household Survey are surveys. There is a range of error for each.

In short you've displayed zero understanding of what the numbers are actually saying, so how on earth can you think you're talking intelligently about them????

Oh, and BLS, who does all the Employment and Unemployment numbers, as well as the Consumer Price Index, the Employment Cost Index, Productivity indexes etc, has ONE and ONLY ONE position appointed by the President of the United States, and that's the position of Commissioner, currently held by Keith Hall, who was appointed last year by President BUSH. So how on earth is an agency which has a few people who started when Reagan was President and headed by a Bush appointee "Obama stooges????"

Weird.