What do you think the REAL unemployment rate is?

[American4Americ]

It is obvious that Hussein Obama is lying to us, so what do you feel the real unemployment rate is? 16.4% sounds right.

 

[mudwhistle]

it is obvious that hussein obama is lying to us, so what do you feel the real unemployment rate is? 16.4% sounds right.

37.2%

 

[TruthSeeker56]

There is an unwritten rule among LEGITIMATE economists called the "times 2 rule".

It's so simple, even the average simple-minded Democrat, and most cavemen, can understand this rule:

Multiply the "advertised" unemployment percentage by TWO, and you will have a VERY accurate unemployment percentage.

 

[DiamondDave]

Bureau of Labor Statistics Data

 

[AceRothstein]

47%

 

[FJO]

The last time I was unemployed the national unemployment rate was lower than what it is today.

Not that I cared. I knew that if I did not work I did not eat.

So, I packed my duffel bag, (I did not have enough for a suitcase) and hitch hiked to where the jobs were and got a job. After that the only time I did not have a job was when I chose to quit and find a BETTER job.

I did hear about "minimum wage" but I always considered myself worth more than MINIMUM.

Every job I ever had was a job that was an improvement over the previous job, until the job that I held for more than 37 years, the job that both me and my employer were happy with.

 

[American4Americ]

Bureau of Labor Statistics Data

63% probably isn't too off, considering Oblunder's failures.

 

[RandomVariable]

So you're for extending the unemployment insurance benefits?

 

[depotoo]

So you're for extending the unemployment insurance benefits?

No. Creating policies that promote job growth. Worth much more than extended unemployment ever could be.

 

[RandomVariable]

So you're for extending the unemployment insurance benefits?

No. Creating policies that promote job growth. Worth much more than extended unemployment ever could be.

Why is it an either/or?

 

[mudwhistle]

There is an unwritten rule among LEGITIMATE economists called the "times 2 rule".

It's so simple, even the average simple-minded Democrat, and most cavemen, can understand this rule:

Multiply the "advertised" unemployment percentage by TWO, and you will have a VERY accurate unemployment percentage.

Multiply by 5 and you'd be closer to what Obama knows.

Don't forget the underemployed and those working more than one job.

 

[KNB]

Why aren't job creators creating any jobs?

 

[RandomVariable]

Why aren't job creators creating any jobs?

Well obviously they need more "job creating ability" power. Whatever that is.

 

[pinqy]

It is obvious that Hussein Obama is lying to us, so what do you feel the real unemployment rate is? 16.4% sounds right.

1. Why do you think the President has anything to do with the UE rate or any other statistics? Do you really think he can micromanage at that level? And on a practical level, how would that work? Census workers conducted the survey February 16-22 and gave the raw data to the Bureau of Labor Statistics. BLS had last week and this week to aggregate the data, apply seasonal adjustment, dodo callbacks for odd data, make dozens of tables, write the summary, edit, etc. tomorrow it goes to publications, and tomorrow night a copy will be sent to the Council of economic advisors to show Obama. At what point could the President have any influence? No time to change anything.

2. There is no "real" rate. It all depends on what definitions are used. All the "real rates" I've heard use non standard definitions picke to make the rate larger.

To sum up, how do you think Obama has any influence, and how are you defining the UE rate?

 

[depotoo]

Why aren't job creators creating any jobs?

Well obviously they need more "job creating ability" power. Whatever that is.

It's called - step the hell out of the way with all the restrictions, reporting, red tape, fees, taxes, et al. It goes on and on and on and on.

 

[Truthseeker420]

2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.4
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.2 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.8 7.9
2013 7.9 7.7 7.5 7.5 7.5 7.5 7.3 7.2 7.2 7.2 7.0 6.7
2014 6.6

Bureau of Labor Statistics Data

 

[hangover]

It is obvious that Hussein Obama is lying to us, so what do you feel the real unemployment rate is? 16.4% sounds right.

What ever the unemployment rate is, it's because of the economic crash that Shrub and the cons gave us in 2007, and the obstruction the cons have done ever since Obama became POTUS. But if you think it's bad now, think what it will be when the cons destroy Social Security and Medicare, adding 40 million old folks on the unemployment line. And you know they want to destroy welfare too, that's another 10 million. Do you really think the cons are going to come up with 70 million jobs? They don't even want Obama to create jobs for the 20 million that are already looking for work. If the cons had their way, the only jobs they'd create are prison construction jobs for the 70 million they want to put in those prisons. And those jobs would only pay $2.00 an hour. The cons won't call them prisons, they'll call them labor camps.

 

[waltky]

With the economy the way it is, mebbe dey give up on tryin' to find a job...

Why Teens Are Not Working This Summer
May 27, 2014 — A job in your teenage years used to be a rite of passage and a way to learn financial responsibility — now it seems most teens are just fine with sitting home.

According to new numbers, the largest decline in those looking for a job has occurred among 16- to 19-year-olds. While the number of all people actively seeking employment also has dropped, the bigger decline is in the amount of teens that say they are actually looking for summer work, according to research by the employment firm Challengers, Gray & Christmas.

A recent Bureau of Labor Statistics survey show only 62.5% of non-institutionalized working age adults are employed or actively seeking employment, down from its most recent high of 66.8% in July 2007.

The new study, however, shows those numbers are "significantly skewed by a significant decline in labor force participation among those under 25-years-old," with the biggest drop occurring among 16- to 19-year-olds. Only 30.4% of that age group — the lowest on record for the age group — are looking for jobs. The number represents a 43% drop from a pre-recession peak of 53.5%.

"Labor force participation has indeed fallen to alarming lows since the recession, but when you remove teenagers from the equation, the figures are not nearly as striking," said John Challenger, CEO of Challenger, Gray & Christmas."This is not meant to diminish the struggle that many teens have in finding employment. However, it is important to realize that over the last twenty years, there has been a dramatic change in how teens prioritize their lives, and employment no longer plays as important a role."

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