Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (7960)	2/3/2012 11:06:39 AM
From: Sdgla	2 Recommendations Read Replies (1) \| Respond to of 85487

Do you recall Nancy Pelosi, while she was SOH, blasting GWB re the economic numbers in 2007 when the UE rate was 5% ? In order for us to get back to that position of employment the economy needs to add around 250,000 jobs every month for the next couple of years. I do not think it is fantasy to suggest that the engine that drives this economy is not firing on all cylinders yet. There are still over 30 bills sitting in the senate to fix the problem. Reid does nothing. Obama still hasnt signed the pipeline into play yet.... wonder why ?

To: Steve Lokness who wrote (7960)	2/3/2012 11:24:29 AM
From: longnshort	3 Recommendations Respond to of 85487

Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Submitted by Tyler Durden on 02/03/2012 09:35 -0500 BLS Bureau of Labor Statistics Real Unemployment Rate Unemployment Sick of the BLS propaganda? Then do the following calculation with us: using BLS data, the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. Difference between Reported and Implied Unemployment Rate And why the Labor Force Participation rate is not declining due to retirement. Average: 5 Your rating: None Average: 5 (3 votes) » Login or register to post comments4519 reads Printer-friendly version Send to friend