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Current Events => Economics => Topic started by: sunsettommy on September 02, 2012, 09:36:02 PM

Title: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
Post by: sunsettommy on September 02, 2012, 09:36:02 PM

Daniel R. Amerman

By Daniel R. Amerman, CFA

EXCERPT:

Overview

When we look at broad measures of jobs and population, then the beginning of 2012 was one of the worst months in US history, with a total of 2.3 million people losing jobs or leaving the workforce in a single month.  Yet, the official unemployment rate showed a decline from 8.5% to 8.3% in January - and was such cheering news that it set off a stock rally.

How can there be such a stark contrast between the cheerful surface and an underlying reality that is getting worse?

The true unemployment picture is hidden by essentially splitting jobless Americans up and putting them inside one of three different "boxes":  the official unemployment box, the full unemployment box, and the most obscure box, the workforce participation rate box.   

LINK (http://danielamerman.com/articles/2012/WorkC.html)

Title: Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
Post by: JohnnyReb on September 07, 2012, 09:40:57 AM

Quote from: sunsettommy on September 02, 2012, 09:36:02 PM

Daniel R. Amerman

By Daniel R. Amerman, CFA

EXCERPT:

Overview

When we look at broad measures of jobs and population, then the beginning of 2012 was one of the worst months in US history, with a total of 2.3 million people losing jobs or leaving the workforce in a single month.  Yet, the official unemployment rate showed a decline from 8.5% to 8.3% in January - and was such cheering news that it set off a stock rally.

How can there be such a stark contrast between the cheerful surface and an underlying reality that is getting worse?

The true unemployment picture is hidden by essentially splitting jobless Americans up and putting them inside one of three different "boxes":  the official unemployment box, the full unemployment box, and the most obscure box, the workforce participation rate box.   

LINK (http://danielamerman.com/articles/2012/WorkC.html)

...and if you argue with us, we'll put you in one of the 'hot boxes' at the camp.

Title: Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
Post by: Linda on September 07, 2012, 10:33:45 AM

8.1%
+96,000
FED SET TO PUMP
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'

http://danielamerman.com/articles/2012/WorkC.html

Title: Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
Post by: sunsettommy on September 09, 2012, 10:19:40 AM

Quote from: JohnnyReb on September 07, 2012, 09:40:57 AM

...and if you argue with us, we'll put you in one of the 'hot boxes' at the camp.

(http://libertydwells.com/Smileys/FCsmilies/doggie.gif)