- Dec 5, 2008
- 49,283
- 32,933
They ain't extra workers. they're unemployed and they ain't eatin'. Came to 16%ummm no, people not trying to work still aren't classified as unemployed.The unemployment rate which is under 4% of eligible workers whether they're looking for work or not.What are the real numbers Hoss?His system? People not looking for work have never been considered unemployed, and still aren't.When Obama left office the unemployment was around 16%. His system of counting people not looking for work as not unemployed was a joke. Too damn many people were mesmerized by that slick talking snake oil salesman and worshiped the bastard.
We measure unemployment to see how much available labor is not being used: how many jobs we're short. Someone not trying to work is not available and could not be hired regardless of the availability of jobs.
If I was an electrical engineer and got laid off, I don't think I would be looking for a job as a landscaper or a mechanics helper. Even if I am not looking for a job I am still unemployed.
Looking for a job means going to the unemployment office once a week. Not going there and not looking for a job doesn't mean I don't send out dozens of resumes every week.
oh and for fun, I did some math...according to BLS, in January 2017 out of an estimated adult civilian noninstitutional population of 254,082,000, there were an estimated 152,076,000 employed and 7,642,000 unemployed. That gives us a labor force of (152,076,000+7,642,000) = 159,718,000
Unemployment rate then was 7,642,000/159,718,000=4.8%
But you say it was 16%. In order to get that, you are adding around 21,325,000 more unemployed.
Except, of the 94,363,000 people neither working not looking for work, only 5.7 million said they wanted a job (and most of those said they couldn't have accepted a job if offered).
So where are you getting 21 million extra workers?