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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (101535)3/17/2011 11:51:25 AM
From: JakeStraw5 Recommendations  Read Replies (1) of 224755
 
The BLS Employment Report only takes into consideration those individuals who are: (a) out of work; and (b) actively looking for work. If a person hasn’t worked in the past 12 months and has just given up for the time being and stopped actively looking for a job, the BLS doesn’t count that person as being “unemployed” for the purpose of its monthly survey. So if we’re not counting these people who are, indeed, unemployed, how accurate can the unemployment rate actually be?

The bottom line is that the BLS “unemployment rate” quite literally means nothing. It is based on inaccurate data, incomplete information and faulty assumptions.

Oh and remember the fact that roughly 125,000 new workers enter the American workforce each and every month. So 125,000 new jobs are needed each month just to keep pace with population growth.
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