Unemployment: figures ACCURATE?

According to the Bureau of Labor Statistics, the April 2012 unemployment rate was 8.1%. Finally, and at long last, the United States employment and economy are headed in the right direction?  If you said WRONG you’d be right.

The figure of 8.1% is misleading for several reasons. It doesn’t count the millions of unemployed who have run out of unemployment benefits. It doesn’t count those who seek full-time employment but have to settle for a part-time job.  Nor does it take into consideration the millions of frustrated unemployed workers who have given up their search,  Counted in the official figures or not, these people are just as under or unemployed.

if you added them back into the calculations of the unemployed, the rate would be well above 14%.

So, should President Obama be re-elected. Maybe he shouldn’t have said, “If unemployment isn’t below 8% by the time of the elections, I think we’re looking at a one-time proposition.” We all say things we don’t mean, but:

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3 thoughts on “Unemployment: figures ACCURATE?

  1. Unemployment figures are never accurate.
    Here in France, criteria are changed to make the figures smaller (and serve the government currently in place).

    I am always careful when media choose to announce figures in a general way.

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    1. Unfortunately, too many people trust that what they hear on the news as the GOSPEL TRUTH. They don’t always use their minds to do the math and research; often because they are too busy being parents, holding down several jobs and carpooling the kids! A necessary part of life, mind you. But, to blindly follow the newscasters is to put blind fath in what they say COULD NOT BE BIASED!

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