Bubble Burster
Guest
Bubble Burster
Guest
Can we trust the numbers? It appears OhBlahBlah is ordering the BLS to understate the actual unemployment rate.
"...Despite the fact that the U6 is much more representative of the real jobs situation in the United States, the Obama administration and mainstream media seldom report the U6 unemployment rate because it looks too scary. Let's compare the two for May 2012.
For the month of May, the total labor force included 155,007,000 persons. If the U1 is at 8.2%, that means that there were 12,710,000 people out of work in May. Let's compare that to the U6 which was 14.8%. That would mean that there were really over 22,940,000 people out of work. The 'official' figure understates the 'actual' figure by over 10 million people.
Consider that actual unemployment is close to double what is being reported. Now that is quite an understatement..."
http://www.examiner.com/article/tru...eing-understated-to-prop-up-obama-jobs-record
"...Despite the fact that the U6 is much more representative of the real jobs situation in the United States, the Obama administration and mainstream media seldom report the U6 unemployment rate because it looks too scary. Let's compare the two for May 2012.
For the month of May, the total labor force included 155,007,000 persons. If the U1 is at 8.2%, that means that there were 12,710,000 people out of work in May. Let's compare that to the U6 which was 14.8%. That would mean that there were really over 22,940,000 people out of work. The 'official' figure understates the 'actual' figure by over 10 million people.
Consider that actual unemployment is close to double what is being reported. Now that is quite an understatement..."
http://www.examiner.com/article/tru...eing-understated-to-prop-up-obama-jobs-record
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