Trajan
conscientia mille testes
How about the ones that count the people not looking for a job OR no longer able to collect unemployment? You add those in for the TRUE number.
Well, those not collecting Unemployment are already included in the UE rate....It has NEVER EVER been based on people collecting benefits.
As for people not trying to get a job....why do you think they should be classified as unemployed? Example: Person A is in high school, looked for a summer job last year, couldn't find one, stopped looking when school started again because didn't want a job while being a full time student. Graduates from high school, lives with parents, could now take a job but hasn't done anything about getting one. Unemployed or Not in the Labor Force?
Person B is a married woman, looking for a part time job, gets pregnant, so stops looking to have the baby, has the baby, could take a job now, but hasn't started looking for one yet. Unemployed or Not in the labor force?
Not having a job does not mean you're unemployed...there are retirees, stay home spouses, full time students, pot-heads living in their mother's basement, etc.
NOTE: U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.
The unemployment rate was unchanged at 8.2 percent, the Labor Department said Friday.
The economy added an average of just 75,000 jobs a month in the April-June quarter one-third of the pace in the first quarter.
For the first six months of 2012, employers added an average of 150,000 jobs a month. That's fewer than the 161,000 average for the first half of 2011.
THE LOST JOBS
Five million jobs.
That's how many the economy has still failed to recover since the Great Recession officially ended three years ago.
The nation lost nearly 8.8 million jobs between January 2008 and February 2010. Since then, it's regained more than 3.8 million less than 44 percent.
The economy has added just 137,000 jobs a month since employment hit bottom. At that pace, it would take three more years for employment to return to where it was in January 2008.
Paul Wiseman, AP Economics Writer
Read more: For a third straight year, job market is slumping | Fox News
we have to crank the GDP up above 4% to make this happen a lot sooner, how many over 3% quarters have we had since the recession ended july of 2009?