Shadow Government Statistics: True Unemployment 22.5%
Submitted by Barracuda_Trader on Fri, 02/03/2012 - 16:36Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
http://www.shadowstats.com/alternate_data/unemployment-charts
But, But...We can trust them to tell the truth, right? Ah,No!
I trust them as far as I could throw a ton under normal circumstances.
But that man should play the tyrant over God, and find Him a better man than himself, is astonishing drama indeed!~~D. Sayers
There is no difference between an authoritarian government from the right or the left...F. A.Schaeffer
unemployment numbers are fudged.
While a whopping number of jobs were created in January, a far larger number of people left the labor force - 1,752,000 in fact. The percent of the total working population who did not have jobs rose to 36.7%, an all time high. It’s no wonder the unemployment rate fell, when the denominator shrinks so markedly. The total number of people employed fell by 737,000. So what do you want to celebrate – the 243,000 who got jobs, or the million or so people who dropped by the wayside and are no longer counted in the data?
It makes you wonder how much faith you can put in the Labor Department reports. For example, the government, the business press, and Wall Street rarely report on the fundamental ways in which the US labor market is changing, with so many people dropping out of the work force. The press has had a hard enough time getting to grips with the Labor Department’s Birth/Death model, which over time adds to the number of people reported as employed. The model is supposed to compensate for the inability of the government to get good information on the number of new businesses created every month and which presumably add to employment. The problem is the model has been shown in the past to have significantly overestimated the number of jobs created by new businesses. Economists still don’t know if the model is appropriate, and how much of the 243,000 jobs created this month are the result of the Birth/Death model.
Ron Paul 2012!
I tend to trust Obama's very
I tend to trust Obama's very consistant track record of lying about everything.
That's reason enough for me to discredit the wonderful jobs number.
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True Numbers Are More Like
True Numbers Are More Like 35%-40%.
Paul Craig Roberts who worked in Reagan administration said
Real unemployment is at 22% according to how statistics were calculated during Reagan administration.
Stats are "cooked" almost every government around the world does it these days.
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“The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.” Dr. Ron Paul
Don't forget the way in which
Don't forget the way in which they calculated unemployment was changed for the first time, by Jimmy Carter, in the late '70s to produce a lower shown unemployment rate; for the sole purpose of deceiving the citizens.
If we were to use the original way of calculating unemployment rates, which was the way it was done before Carter, then the numbers would be even higher than what PCR is saying; because PCR in the Reagan Administration used the new method of calculating unemployment rates, which Jimmy Carter created during his administration.
I seriously doubt the 22%
I seriously doubt the 22% number is true. That is just way too high.
Plan for eliminating the national debt in 10-20 years:
Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...
Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a
Shadow Stats has a long track
Shadow Stats has a long track record of accuracy. They are not predicting. They are reporting. Not alot of risk for error.
The Real Question: "Will Americans Throw Off The Chains of 100 Years of Slavery in 2012?" --Google that!
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They may be accurate; their
They may be accurate; their criteria may be flawed. For example, workers who are working part time because they can't find a full-time job are being counted as unemployed, even though they aren't. Same as other under-employed people.
In any way, the graphs hug each other. Instead of going from 5% (great economy) to 9% (poor economy), we went from 14%(great economy) to 25% (poor economy).
Plan for eliminating the national debt in 10-20 years:
Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...
Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a