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The seasonally-adjusted Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated "long-term" discouraged workers, who were defined out of official existence in 1994. That is those that have given-up looking for work. That estimate is added to the BLS estimate of U-3 unemployment, which includes "short-term" discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
Unemployment Data Series
The SGS Unemployment Rate (factoring in long-term discouraged workers) for October 2015 is 22.8%. (The SGS rate in 2008 was 15%)
The U-6 rate is 10%
The U-3 rate is 5%
originally posted by: amfirst1
a reply to: Indigo5
LOL 100 million people of working age not working?? That's almost 1/3 of the population.
U definitely need to get a new source other than government propaganda.
originally posted by: VVV88
The U-6 rate is 10%
The U-3 rate is 5%
Yes, Obama has been just wonderful for the economy and "American" workers. /s
The OP is a a prime example of how someone like obama gets elected in the first place. The clueless electorate.
originally posted by: peskyhumans
The U.S. unemployment rate can be manipulated because the benefits only last so long and people can drop off of it and no longer be counted if they can't find a job before the benefits run out.
A more accurate way to measure job growth or the lack thereof is by looking at our employment rate.
Article 1
^This is a link to an economic research page by the federal reserve bank of St. Louis. It shows the United States rate of employment crashing in 2008 and not recovering since then.
.
originally posted by: BlueJacket
a reply to: Indigo5
Hilarious nice picture. ..Obama and Bush are both terrible...but folks that serve their propaganda are worse
What sort of employment is everyone allegedly finding according to all those fancy numbers, facts, and data? Nothing much in the way of full-time let alone benefits, and that's assuming we aren't talking about temporary work. Nearly everyone I know is still pretty screwed. Well, screwed in the American sense. Obamacare is a bust too. I can't speak for the entire country, but I never did have a problem getting affordable health coverage until our current administration came into power. Now it's either join the welfare state, go broke getting medical health insurance, or pay the penalty for not getting the insurance which happens to be the slightly less costly route. If your data, facts, and numbers show something better, then please point me in the right direction. Where are all these noteworthy jobs? Otherwise, as someone already stated, open those eyes and look around. What do you see? Regardless of what city and state, what does practically everyone see? Do the facts, data, and numbers reflect reality, or are they indicative of propaganda?
originally posted by: Abysha
originally posted by: HighDesertPatriot
a reply to: Indigo5
Oh yeah, I am going to have to call bullsh*t on this. Look around your town and tell me if this is true. Federal reserve as the source? Come on now, don't be naive.
Let me guess, you look around your town to determine if climate change is a hoax, as well?
You can't just simply ignore all data, facts, and numbers and opt, instead, to look out your window and go with your gut feeling.
originally posted by: Indigo5
originally posted by: peskyhumans
The U.S. unemployment rate can be manipulated because the benefits only last so long and people can drop off of it and no longer be counted if they can't find a job before the benefits run out.
A more accurate way to measure job growth or the lack thereof is by looking at our employment rate.
Article 1
^This is a link to an economic research page by the federal reserve bank of St. Louis. It shows the United States rate of employment crashing in 2008 and not recovering since then.
.
Your first evidence was BS...so I will stop there...
Going to your link you cite the "employment rate"...which has in fact recovered some even though you claim it hasn't..your link shows otherwise...
AND the "Employment rate" includes...Retired, Disabled and stay at home parents..again...This idea that you must include people not actually looking or even capable of working seems a desperate dishonesty.
originally posted by: BlueJacket
a reply to: dogstar23
LOL really,where's that? DC?
originally posted by: amfirst1
a reply to: Indigo5
LOL 100 million people of working age not working?? That's almost 1/3 of the population.
originally posted by: ketsuko
a reply to: Indigo5
I see, so you can personally vouch for all those people. Not one of them would like to work?
originally posted by: Flatfish
All of us are currently classified as "unemployed," none of us are old enough to collect Social Security and none of us are on public assistance of any kind.
originally posted by: peskyhumans
You would rather believe our unemployment rate - a system that doesn't track people who can't find a job and drop off of the program. Who is really being dishonest?
Among the marginally attached, there were 665,000 discouraged workers in October, little changed from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.
The remaining 1.3 million persons marginally attached to the labor force in October had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)
Total nonfarm payroll employment increased by 271,000 in October.
...
Employment in professional and business services increased by 78,000 in October
...
Employment in retail trade rose by 44,000 in October,
...
Food services and drinking places added 42,000 jobs in October. Over the year, the industry has added 368,000 jobs.
...
Construction employment increased by 31,000 in October
...
originally posted by: NihilistSanta
a reply to: Indigo5
You are forgetting that being over 55 does not automatically mean you are retired or not working. The retirement age is being pushed back further and further. In my industry people are having to put off retirement due to a skills gap and an inability to find people trained to replace them.
originally posted by: Indigo5
Put bluntly...Either yourself or the media you are relying on is being dishonest.
They do in fact track people who can't find a job and stop looking...and most every other category.
originally posted by: NihilistSanta
a reply to: Indigo5
Who cares? The graph shows jobs were created. That is not the rub. The rub is that they are low quality low paying jobs. Are you denying that? We can do all sorts of mental gymnastics but you have yet to address quality except falsely declare that full time employment has risen when I sourced you an article using the governments own data that says quite frankly the opposite. My source was the world socialist website so hardly a right leaning hit piece.