For me – I ain’t buying the 8.3% unemployment rate released last Friday.

Reblogger Wallace S. Gibson, CPM
Real Estate Broker Owner with Gibson Management Group, Ltd.

I agree * the FoxSnooze folks on the Kirby couch are some of the FEW who are actually delving into how these %s are calculated.

When you are OUT or UNDERemployed, your UNEMPLOYMENT is 100%

Original content by Ed Newman

us unemployment rate incorrect

 

For me – I ain’t  buying the 8.3% unemployment rate released last Friday.

 

There are 140M working people in the US and a 10% UER would mean 14M out of work

 

Last Friday’s monthly UER was 8.3% or 11.6M out of work. There are 4M that have left the workforce, given up, no longer looking for work and are not counted any longer in the unemployment (UE) figures. If those 4M were to jump back into the “actively looking” for work, if you added those folks back in – divided by the number of people in the work force it would show about a 12% UER.

 

Are they playing around with the numbers? It’s the “Bureau of Labour Statistics”, it’s supposed to be non-partisan, but it is the Dept of Labour --- Hilda Solis - - who works directly for Obama….Not Saying Anything. There is room for error, but not that much

 

How about the $20/hour people who are at least working somewhere for $12/hour until they get what they want – the “under-employed”. Add them into the equation and we may have an under-employed rate of closer to 20%  

 

 

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Ed Newman  |  801-651-5484  |  ed@umrt.com |  umrt.com

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Comments 12 New Comment

Ambassador
693,285
Mike Frazier
Dyersburg Tn Real Estate
Carousel Realty of Dyer County

All we will get here on out is good news until after the election. I don't believe those numbers for one second!

February 06, 2012 11:31 AM
Rainmaker
353,982
Dale Terry

Unemployment is actually up, more businesses closing(Wall St. dumping rental space), growth figures are at or close to recessionary, savings going down again,interest rates at zero percent for two more years.  What part of the economy sucks does Obama not get?

February 06, 2012 01:04 PM
Rainmaker
377,405
Karl Hess
on The Jersey Shore
Keller Williams Ocean County

Is that a picture of Larry, Moe and Curly on your blog?...now that I look closer it's the Fox and Friends folks...and they've made up some much bs it's difficult for me to take anything they say seriously. (I wonder what they'd be saying if it was a Republican in the White House)

February 06, 2012 06:41 PM
Rainer
149,304
Edward Gilmartin
Boston Homes

Fox beat up on Bush quite a bit when he was president. There is no question that the major Networks are firmly in the Obama camp which is not the way news should be reported.

February 06, 2012 06:47 PM
Rainmaker
320,470
Yolanda Hoversten
Broker - O Fallon, IL Real Estate
Prudential One Realty Centre

Hi, Wallace - could this be the result of the New Math introduced way back when?

I don't happen to watch Fox, whether the news or the opinion programs regularly. But when I tune in on occasion, they seem to have very good attitude and vibes, and happy. So unlike other news network who are belligerent and belittle their guests who aren't stooges for Obama.

March 18, 2012 05:21 PM
Rainmaker
1,056,463

Wallace S. Gibson, CPM

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