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Reply #21: From Wiki [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-09-08 12:27 AM
Response to Reply #19
21. From Wiki
Unemployment is the state in which a person is without work, available to work, and is currently seeking work. The unemployment rate is used in economic studies and economic indexes such as the United States' Conference Board's Index of Leading Indicators. The rate is determined as the percentage of those in the labor force without jobs.


No mention here of any of the additional criteria used in our government's unemployment statistics. It says, "the percentage of those in the labor force without jobs." America has 300 million people, about 200 million of whom are of working age and not disabled. (We can quibble about that number if you want. Bush's "government" believes the work force to number about 160 million.) The OP points out that the government's own statistics show there are 87 million Americans who are in the labor force but aren't working. 87 divided by 200 is 43.5% 87 divided by 160 would be a whopping 54%. As I mentioned, this doesn't even consider underemployment, which is rampant.

Whatever the "real" number is for unemployment, it isn't any 5.5%. That's ludicrous.
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