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Unemployment numbers

Discussion in 'Political Issues' started by MZBKA, Apr 6, 2012.

  1. MZBKA

    MZBKA

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    Apr 14, 2004
    The economy added 120,000 jobs last month, which points to a possibly slowing economy.

    There has been a lot of confusion on this forum about what unemployment numbers mean --many think they are tied to unemployment benefits, which is wrong -- so I though I'd post a WSJ article that might be informative and clear up some of this confusion.

    http://blogs.wsj.com/economics/2012/04/06/four-common-unemployment-myths/?mod=e2tw
     
  2. Glock30Eric

    Glock30Eric .45 ACP

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    Feb 3, 2011
    Southern Maryland
    I don't need to look at unemployment rate to feel our economy's pulse.

    I only need to look at the inflation rate versus our salary. We are losing our money daily. It's time for us to buy tangible stuff because they may be the mean/medium (sp?) of trade in the future.

    Outdoor Hub mobile, the outdoor information engine
     


  3. MZBKA

    MZBKA

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    Apr 14, 2004
    Inflation is still pretty low.
     
  4. Glock30Eric

    Glock30Eric .45 ACP

    3,353
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    Feb 3, 2011
    Southern Maryland
    Of course if you take the number from the Gov't. In reality, it is about 15% and increasing.
     
  5. Naelbis

    Naelbis

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    Oct 22, 2009
    ND
    Yup, so low that I got an 8% raise last year and went backwards in discretionary income even though all my bills are the same. NOTHING is getting cheaper, everything just goes up, up, up all the time...:crying:
     
  6. Captain Caveman

    Captain Caveman a.k.a. DaReaper

    1,251
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    Apr 12, 2003
    Colorado
    Here's the way I prefer to look at it.

    Break the US population in 1/3'ds. You have 33% of the population of working age (16-67), 33% who are too young to work (kids) and 33% too old (retirees). Now according to a report I read yesterday, the actual number of working adults ACTUALLY working is 58% and falling. So you have 58% of 1/3 of the population working to support the other 2/3'ds and the rest of the 42% of working adults.

    We cannot sustain like this.
     
    Last edited: Apr 6, 2012
  7. aircarver

    aircarver Ride Continues Silver Member

    The Orwell-speak is strong with that one .....

    .
     
  8. Lethaltxn

    Lethaltxn

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    Mar 23, 2010
    Texas
    Who thinks this?
     
  9. Slug71

    Slug71

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    Mar 7, 2010
    Oregon - U.S.A
    It actually isnt.
    But even if it goes up 3% every year and you dont get an increase at work because of freezes etc., it all adds up. Lets say you have been on a pay freeze since 2008 with the crash of the economy. Which most people have by the way, and lets say inflation has been 3% a year, youre pretty much 12% in the hole today. Thats quite a lot and for the people that were living paycheck to paycheck, they are no longer making it. Part of the reason so many people are losing their homes and filing for bankruptcy.

    And im sure the inflation is higher than that 12% since 2008. Gas alone has almost doubled.
     
  10. Slug71

    Slug71

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    Mar 7, 2010
    Oregon - U.S.A
    Well put.
     
  11. snerd

    snerd

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    I heard Shep Smith on Fox yesterday, saying that the number of people applying for unemployment benefits went down last month, pointing to a marked improvement in the economy. My draw dropped.
     
  12. Ruble Noon

    Ruble Noon "Cracker"

    11,018
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    Feb 18, 2009
    Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics



    http://danielamerman.com/articles/2012/WorkC.html
     
  13. Gunnut 45/454

    Gunnut 45/454

    12,129
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    Jun 20, 2002
    MZBKA
    Wow down 50% from last week! So exspect the unemployment rate to start going up!
    I see 9% by November as the King has done all he can to stop all employers from hiring, High gas prices, the coming mortgage collapse etc !:whistling:
     
    Last edited: Apr 6, 2012
  14. Skyhook

    Skyhook

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    Nov 4, 2002
    USA
    Well, one thing about the above is obvious-- the 'employee' in question doesn't work as a teacher or as some other "public servant".
     
  15. rgregoryb

    rgregoryb Sapere aude

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    Oct 20, 2004
    Republic of Alabama
    you evidently don't buy groceries..........you can feel the rise in prices every week.
     
  16. MZBKA

    MZBKA

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    Apr 14, 2004
    If you use June as your base in 2008, gas prices have actually gone down.

    Of course, that'd be twisting statistics, which is exactly what those do who claim that inflation is 15% or whatever ridiculous number.

    I agree that if one's pay is frozen, inflation can make a dent out of your paycheck, but I'd dispute your claim that "most" people's pay has been frozen since 2008.
     
  17. MZBKA

    MZBKA

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    Apr 14, 2004
    Do you think "inflation" means the price of groceries?

    My oh my.
     
  18. Ruble Noon

    Ruble Noon "Cracker"

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    Feb 18, 2009
    No, the government removed groceries and gasoline from their inflation index.
     
  19. Ruble Noon

    Ruble Noon "Cracker"

    11,018
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    Feb 18, 2009
    Yeah, a lot of people have taken pay cuts.