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Reply #5: Six Unemployment Rates - Article From One Year Ago on U1 - U6 [View All]

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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-15-04 12:01 PM
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5. Six Unemployment Rates - Article From One Year Ago on U1 - U6
Edited on Tue Jun-15-04 12:04 PM by mhr

Unemployment: It depends on how you define it
May 29, 2003

You've been out of work for 18 months and know 15 others who are vainly job hunting.
You suspect that the 5.8 percent unemployment figure for April is government propaganda.

In your world, things are much worse off. And, guess what, in your
world, you're right.

The "real" unemployment rate for you is 9.8 percent. You can look it up.
It's every bit as real as the 5.8 percent that was reported in the media. So what's the deal?

The deal is that there are six government-sanctioned definitions of
unemployment. The six measures produce a broad range of unemployment
numbers. For April 2003, the range was a scant 2.5 percent to a scary
9.8 percent.

One of the midrange numbers, dubbed U-3 and defined as "total
unemployed, as a percent of the civilian labor force," is the official
unemployment rate.

Snip ......
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  -LINK to the 9.7% Total unemployment stat from Fed.Bureau of Labor underpants  Jun-15-04 11:48 AM   #0 
  - i thought so  AZDemDist6   Jun-15-04 11:49 AM   #1 
  - Sounds more like the truth!  Hubert Flottz   Jun-15-04 11:55 AM   #2 
  - Yep...that's quite bit more realistic, but I wonder if it includes...  Media_Lies_Daily   Jun-15-04 11:57 AM   #3 
  - Link To Bogus Jobs Data At BlS Also - Most Jobs Created By Computer Model  mhr   Jun-15-04 11:58 AM   #4 
  - Six Unemployment Rates - Article From One Year Ago on U1 - U6  mhr   Jun-15-04 12:01 PM   #5 
  - So, all we have to do now...  Frodo   Jun-15-04 12:03 PM   #9 
     - As Always FRODO - Your Point Would Be What?  mhr   Jun-15-04 12:08 PM   #10 
        - ???  Frodo   Jun-15-04 12:16 PM   #13 
        - FRODO - I send Blind, Targeted, And Mass Distribution  mhr   Jun-15-04 12:32 PM   #14 
        - I don't think anyone "gets it"  Frodo   Jun-15-04 01:45 PM   #21 
        - I always love the jackass attitude that says -  Selwynn   Jun-15-04 10:55 PM   #27 
        - Have you considered changing careers or becoming a consultant?  patriotvoice   Jun-15-04 01:43 PM   #20 
           - "Consultant" is code for "unemployed"  Frodo   Jun-15-04 01:46 PM   #22 
           - Not always. Avoid generalizations.  patriotvoice   Jun-15-04 10:43 PM   #24 
           - What the hell ever.  Selwynn   Jun-15-04 10:50 PM   #25 
              - Bingo.  patriotvoice   Jun-16-04 12:21 AM   #31 
           - Dupe - deleted  Frodo   Jun-15-04 01:46 PM   #23 
  - I remember a worker  louis c   Jun-15-04 12:02 PM   #6 
  - Sometimes I wish I was still registered GOP...  Why   Jun-15-04 01:24 PM   #18 
  - Since I'm at work and don't have the time...  rkc3   Jun-15-04 12:02 PM   #7 
  - Much better.  Frodo   Jun-15-04 12:08 PM   #11 
  - LINK-1994 and forward  underpants   Jun-15-04 12:16 PM   #12 
     - Thanks for the link.  rkc3   Jun-15-04 12:33 PM   #15 
     - They Are Statstically Significant  ProfessorGAC   Jun-15-04 01:38 PM   #19 
     - Thanks for the link!  crossroads   Jun-15-04 11:02 PM   #29 
  - Thank you!  teryang   Jun-15-04 12:03 PM   #8 
  - Me, and about 12 other people, lost our "jobs" yesterday afternoon.  loudsue   Jun-15-04 01:06 PM   #16 
  - I'm very sorry to hear that  underpants   Jun-15-04 01:20 PM   #17 
     - Thank you,  loudsue   Jun-15-04 11:33 PM   #30 
  - Going nowhere fast!  crossroads   Jun-15-04 10:54 PM   #26 
  - All employees in my company just lost wages--  Selwynn   Jun-15-04 10:58 PM   #28 

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