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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 (123391)2/6/2012 9:58:57 AM
From: JakeStraw4 Recommendations  Read Replies (1) of 224729
 
Under the government’s definitions, people only count as unemployed when they’re actively looking for work. So when the unemployment rate drops, it could mean that unemployed people found jobs, or it could mean that they gave up looking for work... Those who have stopped looking for work are removed from the job numbers—and that’s 1.1 million people in January alone! “U6,” as reported by the BLS, is a better measure of the unemployment rate, because it takes into account discouraged people as well as those working part-time who want full-time work. The U6, stands at 15.1%, about the same as December. It is also important to note that those workers who have both not found a job and exceeded the 99-week unemployment program are also removed from the job numbers above, and even from U6, making the job numbers even worse.
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