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Politics : View from the Center and Left

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To: Steve Lokness who wrote (461763)12/21/2020 1:40:22 PM
From: cosmicforce  Read Replies (1) of 541922
 
You'd believe any statistic produced by this Admin? Boy you are an optimist - or perhaps deluded.

cnbc.com

Since Reagan they have been "twiddling" with unemployment numbers. When you leave the military - you aren't "unemployed" - and no you don't get unemployment. That has been part of the lie since 1970's. Further, there are whole categories of "discouraged" workers that are not counted because they were removed from the workforce. People who would work if there were needs for their skills or if it weren't for their situation (child care, elder care, etc.) - which often there is not any other option.

The true figure would have been larger still when accounting for people who dropped out of the labor force, economists said.Such individuals may have been discouraged from looking for work due to the lackluster state of the job market, or may not have been able to look for work because of health concerns or child-care duties, for example.This is important because the federal government doesn’t count people as being unemployed if they’re not in the labor force. To be counted as in the labor force, people must be available to work and actively looking for a job.“One of the things many people seem to have missed is, the unemployment rate doesn’t count people who aren’t looking for work,” said Michael Farren, an economist at the Mercatus Center at George Mason University..
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