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Thread: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by PeteEU View Post
    There was insignificant changes (there always is) I believe. Cant remember exactly what was changed.



    Correct, hence the unemployment number in the US is highly inaccurate and always has been. The real unemployment number is up around 18%.
    Yes, it is highly inaccurate, but it has been that way, well since they started keeping the stats.
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  2. #12
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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by Redress View Post
    Yes, it is highly inaccurate, but it has been that way, well since they started keeping the stats.
    yes pretty much.
    PeteEU

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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by PeteEU View Post
    yes pretty much.
    That was my point. The guy was trying to suggest that they numbers where changed to hide the real numbers, when it's just that it is how it's always been.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

  4. #14
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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by PeteEU View Post
    Correct, hence the unemployment number in the US is highly inaccurate and always has been. The real unemployment number is up around 18%.
    First off, the BLS has been calculating unemployment using the alternative method that you're referring to since 1995 - this isn't some new thing. Second, it's 17%, not 18%. Finally, even this number includes those who are working part-time but would like full time jobs. While that's obviously not ideal, I would certainly not consider that group to be "unemployed" - which is probably why BLS refers to it as "labor underutilization."
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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by RightinNYC View Post
    First off, the BLS has been calculating unemployment using the alternative method that you're referring to since 1995 - this isn't some new thing. Second, it's 17%, not 18%. Finally, even this number includes those who are working part-time but would like full time jobs. While that's obviously not ideal, I would certainly not consider that group to be "unemployed" - which is probably why BLS refers to it as "labor underutilization."
    Yea but it is still just a poll.....
    PeteEU

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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    Quote Originally Posted by ScottD View Post
    Yes, the same Stimulus that is a 2-year plan that has just begun to be rolled out.

    But you know, the GOP seems to expect immediate results and all, or else it is a failure.


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    Re: Jobless Report Is Worse Than Expected; Rate Rises to 9.8%

    BUT HEY!!!

    Look at all those jobs that were saved !!


    ...that's like soooo..... weird..... dude!!

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