Interesting that if you add the upwardly revised jobs # from the previous two months to the April total then it equals the 168k that was projected. But the real point to focus on today is the fake story from the far-right which lies about how the unemployment # is calculated. They say Obama changed it, NO, it was changed in 1994!
"THE DEFINITION OF 'UNEMPLOYED' HAS CHANGED"...
Rightwingers! Show me one link to one reliable source detailing when and how this happened! You can't. What Neal Boortz etc. are referring to (when they say today's rate would be higher under the old formula) is something that occurred in 1994 under Clinton and was started by the Bush Sr. administration.
Here is a link to an article in Harper's by Kevin Phillips proving my point...
Quote and Link: "But in 1994, the Bureau of Labor Statistics redefined the workforce to include only that small percentage of the discouraged who had been seeking work for less than a year. The longer-term discouraged—some 4 million U.S. adults—fell out of the main monthly tally. Some now call them the “hidden unemployed.”
http://harpers.org/archive/2008/05/0082023
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Obama kept the same standards we haven't seen the real numbers since the 80's
ReplyDeleteIt would take an act of congress to change it, that won't happen.
DeleteObama kept the same standards we haven't seen the real numbers since the 80's
ReplyDeleteObama kept the same standards we haven't seen the real numbers since the 80's
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DeleteObama kept the same standards we haven't seen the real numbers since the 80's
ReplyDeleteYou're a robo idiot who gets stuck on Repub sound bites
DeleteYou're a robo idiot who gets stuck on Repub sound bites
You're a robo idiot who gets stuck on Repub sound bites
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Obama kept the same standards we haven't seen the real numbers since the 80's
ReplyDeleteThanks,
DeleteThat's a good point that I have been unable to verify on the internet, but I have a clear memory of many writers crying foul when (under Reagan) a change was made in the calculation so that people whose benefits had run out were purged from the unemployment roles.
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Chip Shirley: Looks like all your babes were wiped out in their election bid. Oh, if the govt is not using U6 calculations in their unemployment numbers, they are misleading the public. Please don't go on, saying "but this person used it" or "Bush did it" Take responsibility, own up to your lying to the public and stop blaming people.
ReplyDeleteobama changed the way unemployment is calculated, the only way to see how bad things are right now is to look at the labor force participation rate and it sucks
ReplyDeleteSince all the writer of this lying propganda article can do is cry.hete is the real explanation for the obozo lies about the unemployment rate.
ReplyDeleteWithout getting too bogged down in the weeds of employment statistics, the U3 -- or headline rate -- is what is considered "the" unemployment rate. That is what was reported at 8.6 this week. The U6 rate combines unemployed and "underemployed" and is at 15.6%. That's a great indicator, but the newsmaker is U3.
The U3 rate is the percentage of the "participating labor force" that is unemployed. That is all well and good, except that the Obama labor department has decided that it will simply manipulate the definition of "labor force" to suit its own needs. And what the Obama administration has done is simply shrink the definition of the "labor force" by pretending that hundreds of thousands of non-working adults are no longer in existence for all intents and purposes.
If you are offended that under ObamaCare you may be considered "a unit," you should know that under Obama employment stats you may not even exist! In fact, a lot of non-working adults who existed in October apparently no longer do exist officially.
In other words, in the universe Obama took over from George W. Bush, the unemployment rate would still be over 11%. Now, the last time I checked, the planet has not gotten smaller, nor has the population of the United States. (I am not sure about the sea levels.) To thinking people, there is no legitimate reason to shrink the potential labor pool. Of course, there is an illegitimate reason to do so: to protect the governing record of Barack Obama. Anyone who follows politics even casually knows that if the general public ever really figured out that the real unemployment rate is over 11%, Obama would have zero chance of re-election.