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Offline sunsettommy

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Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
« 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
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Offline JohnnyReb

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Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
« Reply #1 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

...and if you argue with us, we'll put you in one of the 'hot boxes' at the camp.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Linda

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Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
« Reply #2 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'

« Last Edit: September 07, 2012, 10:51:08 AM by Linda »
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A liberal who is mugged by reality becomes conservative.

Offline sunsettommy

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Re: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment S
« Reply #3 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.

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