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Unemployment numbers fall... as people give up trying to find work

Discussion in 'U.S. Politics' started by Little-Acorn, Aug 7, 2009.

  1. Little-Acorn

    Little-Acorn Well-Known Member

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    The unemployment percentage you keep hearing about, is the percentage of the populace qualified to work, who are without jobs and are currently trying to find work.

    Under Obama and the Democrat Congress, half a million have now given up that search. So the number of "unemployed", by that definition, has actually gotten smaller. Even though the economy has lost another 247,000 jobs while the number of employable people has increased.

    Love that numbers game...... :eek:

    ---------------------------

    http://www.marketwatch.com/story/us-unemployment-drops-well-sort-of-2009-08-07

    U.S. unemployment drops ... sort of

    Aug 7, 2009, 11:52 a.m. EST

    By MarketWatch

    LONDON (MarketWatch) -- Friday's nonfarms employment report out of Washington is a classic of the genre.

    The Labor Department report showed U.S. unemployment fell in July to 9.4% even as the economy lost another 247,000 jobs, the smallest decline in nearly a year. See related story.

    Even a cursory glance at the numbers tells you something's missing. That something, of course, being the number of people who gave up looking for work. Because that figure exceeded the number of jobs lost by nearly 200,000, the unemployment rate actually fell.

    A win is a win, no matter how ugly, and the headline number did go down.

    And the financial markets are dutifully celebrating the fact that the pace of job losses is slowing. See Market Snapshot.

    But the underlying data are worrisome indeed, in as much as they indicate just how fragile a recovery the U.S. is likely to experience when things finally do start growing again.

    It'll be hard to rebuild the economy quickly with the ranks of the chronically unemployed at post-Depression highs.

    -- Tom Bemis, assistant managing editor
     
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  2. Pidgey

    Pidgey Well-Known Member

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    Now add the "show" part to the "show and tell":

    [​IMG]

    The non-seasonally adjusted portion has been deleted for space reasons. Numbers are in the thousands, by the way. Notice how the first line has risen from June to July, signifying that there's been an increase of 215,000 in the civilian non-institutional population? And the next line down shows a decrease of 422,000 in the civilian labor force? And down in the "Not in labor force" line, it shows an increase of 637,000?

    The last number is the sum of the first two. So... what happened? Some kids grew up enough to be counted and a bunch of others retired, some of which may have taken mandatory requirement? But they don't count?
     
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  3. asur

    asur Well-Known Member

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    Interesting, this increase of 637,000 in the "Not in labor force" indicates alot of people not working to me.

    Many of those were forced retirements, for sure.

    Obama is making some older people sick with his policies, and they have
    to quit working to care for themselves.

    It's called CHANGE!
     
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