http://news.yahoo.com/s/ap/20100205/ap_on_bi_go_ec_fi/us_economy
I ran across this article on Yahoo Business News. For what the government is saying I don't think is true. I don't think that there is less unemployment now.
Anyone that has taken a US Government class knows how unemployment is counted. There are still many without jobs that have used all their unemployment benefits that are not being counted as unemployed; even if they still haven't found a job. Let me clarify: When a persons unemployment benefits run out they drop of the rolls of the "unemployed list" Meaning they aren't counted as unemployed even when they are still unemployed. It is not a fair statement to say that because the unemployment rate drops .4 percent that all those people are employed. Lets separate the two factors. Unemployed and the jobless. Those are two different numbers, and have different criteria to be counted.
Reality, we are still without jobs. The real unemployment rate will go down when we have a net gain of more than 125,000 jobs a month. To offset the number of people entering the workforce; anything less than 125,000 new jobs each month, will mean you are losing ground to the new people entering the workforce.
To illustrate, in January 2010, the Labor Department reported a lose of another 20,000 jobs, and another 125,000 entered the workforce. So how does unemployment drop .4% when there is 20,000 fewer jobs to be had?
Maybe its all ploy to keep good moral within the U.S. or should I say political jockeying? In the words of a great man I know(my husband)"sounds like fuzzy math."
Friday, February 5, 2010
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