How come unemployment rate is at 9.6%?

Discussion in 'Economics' started by hajimow, Oct 8, 2010.

  1. hajimow


    while we constantly lose 400K+ plus jobs every month. In good months we only lose 10,000 less than 400K+
  2. Government fudges the numbers so that we sheeple don't freak. The U6 number is what, 18%?
  3. LEAPup


    We're in the double digits. The government... Lol, but not lol.:(
  4. when Obama came into office, the first thing he did was chop off 600k because "they have been unemployed for too long."

  5. hajimow


    It also seems that those who lose their hope in finding a job are not considered as unemployed anymore !!. There is an 8 month buffer for unemployment data. You are unemployed over 8 months, you are not included in data.
  6. LeeD


  7. If 50% of the people in this country become unemployed and the unemployment rate is 50%, then after 8 months, all of these people are not counted, so then the unemployment rate will be 0%? If that is the case, it will look like the economy is doing great, but in reality, it's not.
  8. LeeD


    That's why people look at the absolute number of employed people too...
  9. zdreg


    3rd world governments survive by fudging statistics. the US is a 2nd world country sliding slowing into becoming a 3rd world country in spite of cheer leading by certain clueless posters on ET.

    Obama lied about making government more transparent.
    #10     Oct 8, 2010