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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-08-08 11:27 PM
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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  -285 K jobs lost in May unlawflcombatnt  Jun-07-08 02:50 AM   #0 
  - Over a QUARTER OF A MILLION jobs in ONE MONTH!  gateley   Jun-07-08 03:07 AM   #1 
  - You should be  unlawflcombatnt   Jun-07-08 06:06 PM   #6 
  - Effect of Employment Report on Markets  unlawflcombatnt   Jun-07-08 03:22 AM   #2 
  - Make that  laylah   Jun-07-08 06:30 AM   #3 
  - Welcome To Stagflation...  KharmaTrain   Jun-07-08 06:52 AM   #4 
  - The huge bubbles created by Greenspan's accommodation of junior's  indepat   Jun-07-08 07:01 AM   #5 
  - Bailing out Rich Financiers  unlawflcombatnt   Jun-07-08 08:21 PM   #7 
     - 'cause then, some will trickle down to the little people  indepat   Jun-08-08 10:28 AM   #8 
  - How did I miss this yesterday? Kicking anyway. n/t  lumberjack_jeff   Jun-08-08 10:40 AM   #9 
  - 87 million Americans of working age are unemployed  leftofthedial   Jun-08-08 10:45 AM   #10 
  - no, not all working Americans are in the labor force  The Inquisitive   Jun-08-08 12:50 PM   #11 
  - I'm not talking about the technical definition.  leftofthedial   Jun-08-08 02:21 PM   #16 
  - 40% is a little high.  KillCapitalism   Jun-08-08 01:52 PM   #12 
  - Living in Michigan, I think most of the State runs at close to 40percent  sarcasmo   Jun-08-08 02:08 PM   #14 
  - 300 million people in the US. 100 million (plus) are kids and old folks and infirm.  leftofthedial   Jun-08-08 02:24 PM   #17 
  - That's not how unemployment has EVER been measured.  Zynx   Jun-08-08 02:11 PM   #15 
  - EVER?  leftofthedial   Jun-08-08 02:26 PM   #18 
     - Um, no. Never.  Zynx   Jun-08-08 02:45 PM   #19 
        - number of workers without jobs divided by total number of workers in the population?  leftofthedial   Jun-08-08 06:37 PM   #20 
        - From Wiki  leftofthedial   Jun-08-08 11:27 PM   #21 
  - In 2000 the employment to population ratio was 73%. Today it is 71%.  lumberjack_jeff   Jun-08-08 11:33 PM   #22 
  - Didn't Bush say it was because of all the high school graduates, LMFAO.  sarcasmo   Jun-08-08 02:06 PM   #13 
 

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