Real unemployment rate in NATO countries above 25 %.

From Britain to Spain to France to USA employment numbers are faked with creative accounting, so are the debt numbers.

"David Stockman looks at 5.5% unemployment:

At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society’s need for production and work effort.
By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates. Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!"

investmentwatchblog.com...

Compare this to China's 21 trillion in Savings.

www.bloomberg.com...

a reply to: PredatorCrackling

according to the BLS estimates.

I think if the unemployment rate was 42.9% some might have noticed .

a reply to: hutch622

Ahhahhah

You didn't notice silly ... LoL

Talk words or talk math, if you are American I have a feeling all you'll have is words.

a reply to: PredatorCrackling

The unemployment rate in Greece is 25.6% and the only industry they have is ouzo and olives plus they are beyond broke . The US last time i looked is doing ok . I am not American .

a reply to: hutch622

The last time I looked at US debt it was above 18 trillion and FROZEN not to show the further increase publicly.

Yeah US is ok alright

a reply to: PredatorCrackling

35% of Americans are obese. Obviously you can't account them in your unemployment figures. They are disabled!

Looks like the Factory has made a new pro Russia anti west member.

a reply to: boymonkey74

They should have taught him basic math.

His math is so "made up" it is impossible to follow..

a reply to: PredatorCrackling

This is seriously flawed logic. I do not know where he took the numbers, but it seems he is considering everyone is working 2000 hours per year (38,5 hours a week). Considering that holidays are also during the year, this can be considered average fulltime job. Generally the numbers are just randomly taken and there a too many things he seemed to have missed.

1) Sick leaves, vacations
2) Mother leaves & stay-at home mums
3) Full-time Students,whether high-school, university or some other school
4) Start-up teams, people working on personal projects, which do not earn money at the moment, but could in the future make their life/career ( There are people who have such opportunity whether from family or personal savings)
5) People taking some time off from work-life
6) People with diseases whether mental or physical, which makes having a full-time job (or even a job at all) very difficult.
7) etc. etc.

This article is really a joke.

originally posted by: Cabin
This is seriously flawed logic.

No kidding...

if we accept the convention that all adults are at least theoretically capable of holding a full-time job

You can stop right there, no need to go further to know the premises are flawed.

a reply to: PredatorCrackling

So let me get this right...
You ignore the stats for all the non-NATO countries (many of which have MASSIVE unemployment rates dwarfing what is being claimed for those listed in your source) and associate the fact that these countries are NATO members with their clearly manipulated unemployment rates?

Obvious Russian propagandist is obvious

a reply to: PredatorCrackling

Even though the logic of the math is flawed, and the premise of everyone working at least 2000 hours a year has numerous exceptions, certainly no one can argue that unemployment numbers are skewed on the low side.

They do not account for people who have been unemployed for so long that they just stopped looking, nor do they count the underemployed people who are working less than 40 hours. We will never know the true figure, so it's all theoretical.

I think somebody needs to take a basic economics class before they start tossing around numbers they do not understand. So many things wrong in the OP it would require that much to even begin fixing that mess.

originally posted by: JUhrman
a reply to: PredatorCrackling

35% of Americans are obese. Obviously you can't account them in your unemployment figures. They are disabled!

I don't think many Americans realize what you wrote. Disabled are not included in the unemployed and so are homeless people living in their cars.

originally posted by: musicismagic
I don't think many Americans realize what you wrote. Disabled are not included in the unemployed and so are homeless people living in their cars.

And I think you did not read the OP because it does include disabled and homeless in the figures, hence why it's ridiculous:

if we accept the convention that all adults are at least theoretically capable of holding a full-time job

Also I was sarcastic, I hope not all obese Americans (35% of the population) are considered as disabled? I mean it's possible but I hope not for the US!

a reply to: MrSpad

He actually has a degree in Putinomics from Putin University (PU for short.) It's based on the tried and true principle of everything trickles to Putin and you go to prison.

originally posted by: JUhrman
And I think you did not read the OP because it does include disabled and homeless in the figures, hence why it's ridiculous

Actually its not ridiculous to include them in the analysis because they do serve a purpose helping the "Owners of Capital" to maintain TOTAL control over labor.

Due to the way our current economic system works, we CLEARLY have too many people being born and not enough desire on the behalf of the "owners of capital" to employ them for the sake of having a stable and safe civilization. In the United States, for example, its clear that the "owners of capital" have chosen NOT to employ people on a large scale, prefering "tent cities" and "the jailing of homeless", INSTEAD of providing more "make-work employment" arrangements.

Up to the 1940 a person could get just about any job with an 8th grade education, but today you need a BA or Masters for entry level. Why?

Because the government & big business figured out a long time ago that populations would certainly increase over time, but due to technology advancements, the availability of jobs would not expand to meet that population growth. There is a DEFINITE reason why the "Owners of Capital" and Government don’t want people dropping out of high school. Then at the same time, encourage those same high school graduates to attend junior college, then a 4 year university and finally a Masters degree or PhD. Government and Big Business both strong-arm this concept because it DECREASES the amount of people looking for full-time employment at the SAME TIME, chasing after jobs in a market that CANNOT provide full employment for everyone whom is looking, are able, qualified to perform and willing to work for payroll wages.

Look at it this way, when people could get a job with an 8th grade education, they went out and did it as soon as possible (opportunity cost). Then jobs got scarcer and the minimum requirement became a high school diploma, adding 4 more years of people NOT Looking for jobs within their cohort. Then jobs got even scarcer and the minimum became a 2 or 4 year college degree, adding an additional 2-4 years of people NOT looking for jobs within their cohort. Now jobs are really scarce and may require a Masters or PHD, adding an additional 2-7 years of people NOT looking for jobs within their cohort. Basically due to the way the economy has been structured TODAY, we are looking at young people within their cohort, whom are NOT looking for full-time, career type, employment for 6-15 YEARS, beyond K-12, all while they finish more school!!!

This has been done ON PURPOSE, to keep the number people seeking employment lower. In 1920 after 8th grade everyone who was able, went out to look for work and typically found it. That’s simply NOT possible today under any circumstances. Easily accessed welfare will soon add another 1-3 years of people within a cohort, to those “not seeking employment”. Note this "welfare" will NOT be to the specific detriment of society, but a means to continue masking the illusion that jobs and upward mobility are still available. So, if someone gets a graduate degree and collects 1-3 years of welfare on top of that, that’s ONE less person competing for scarce jobs. The extra years of welfare are then acting in the same way to the larger economy, as the incrementally increased minimum education levels for employment. The real goal is decreasing the number of able-bodied applicants out on the job market at the same time, but also not decreasing the supply of "potential workers" who's mere existance drive wages down for EVERYBODY. Keep in mind this cohort of people "not pursuing full-time employment" also includes those in Prison, Government pensioners/SSI and the disabled on government assistance. The reality is if everyone needed to go out and “get a job” or “start their own business” TODAY, as many self-proclaimed “capitalists” and "entrepreneurs" suggest these days, we would ALL be making 0.25 cents a day. Make note, whenever you hear about the "End of Global Poverty" because this above outlined strategy is how they will achieve that goal.

The “owners of capital” have already decided, FOR US REGULAR PEOPLE, that there are going to be LESS jobs available in the NEAR future, due to modern corporate labor, cost-cutting strategies and increased automation. These measures eventually will affect and include ALL contract work, ALL self-employment opportunities and ALL small businesses, NOT JUST payroll laborers. Its easier to “pay less” or “nothing at all” to contracted or indentured “labor” when there is another willing laborer/slave, waiting in the wings, to do the work for less or nothing at all. In the past when there wasn’t enough money to go around to pay both wages & PROFITS, the “owners of capital” simply brought in more indentured servant immigrants (Irish, Italians, Chinese, etc) or used flat out slave labor (Blacks, Native Americans, domestic prisoners, POW’s, etc). The only difference between now and then is that “owners of capital” can’t LEGALLY have slaves or indentured servants. The mechanisms today that replaces slaves and indentured servants are the following: longer than needed formal education for basic employment, off-shoring of labor, volunteering during retirement, prison labor and welfare.

The largest “recorded” wage increase to happen in history, for non-land owing, wage-laborers, post the introduction of fiat currency, was after the black death pandemic, in the 14th century, especially in post-pandemic England.

But, how is that possible?

Because “the owners of capital”, post the black-death-pandemic, still needed wage-laborers, but there was a HUGE shortage of able bodied people. So, in order for ANY work to get done, they had to pay the peasants and other undesirables, more money, SIGNIFICANTLY MORE. This principle is still at work today, when you take the time to recognize that sizable portions of the population are actively discouraged from participating in the full-time labor market. This is easily done, by throwing people in prison, forcing them to attend formal school longer and allowing more people to claim themselves as disabled or collect long/short term welfare.

Here is some more history to consider from the 14th century, the Peasants Revolt was triggered by the "Statute of Labourers 1351". By 1381, the sustained wage growth for non-land owing, wage-laborers was rising so quickly that the English parliament, a few decades post the Black-Death, under King Edward III, introduced the "Statute of Labourers 1351". This statute was used by the "Owners of Capital", as an artificial means to drive down the wages of non-land owning peasants. Despite market conditions signalling the need for increased wages.

The Statute of Laborers; 1351 ("Statutes of the Realm," vol. i. p. 307.)

Think about that for a minute, the MARKET signaled that wages should have been higher, due to actual labor shortages caused by the Black Death, but the “owners of capital” still didn't want to pay it, so they wrote a law saying why they didn't have to conform to demands of the market. That's where we are today, a form of Neo-feudalism, driven by Fascist ideology and practices.

originally posted by: boymonkey74
Looks like the Factory has made a new pro Russia anti west member.

Seems fair enough mate,look at the WW3 posts on this site and see the distorted reality posted as facts against Russia:-/

Only recently the poll here showed America as the greatest threat to humanity,a lot higher than any other nation but going by the anti Russian posts on this site you would expect a far different outcome to that poll

Unemployment is high in all countries to be honest ,stock markets are smoke and mirrors

I was thumbing through the channels yesterday and heard a Alphabetic Talking Head say the real unemployment rate in the US was 42%.