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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (707492)4/5/2013 9:56:40 AM
From: FJB  Respond to of 1576012
 
Real March Unemployment Rate: 11.6%

Submitted by Tyler Durden on 04/05/2013 09:15 -0400

Obama Administration Real Unemployment Rate Unemployment

Today, we got the laughable news that the unemployment rate declined even as those not in the labor force grew by over 660,000, while the total civilian non-institutional population grew by just 167,000 to 244,995, meaning the actual labor force declined by 496,000. Which is precisely the issue: fudging the labor force participation rate is how the Obama administration has managed to maintain the myth the economy has grown under his leadership for the past 4+ years. It hasn't, and in fact if one renormalizes for the recent long-term average participation rate of 65.8%, one gets a very different number. How different? A difference that is now at a record compared to what is reported. As the chart below shows, a "renormalization" process indicates a massive and record 4% difference between the reported unemployment rate of 7.6%, and what the real unemployment rate is assuming normal growth of the labor force, which in March was 11.6%, up from 11.3% in February, and the highest since August 2012 when it was 11.7%. More importantly, as the real unemployment chart shows, the economy has not improved by one bit since 2009!




To: FJB who wrote (707492)4/5/2013 12:04:35 PM
From: i-node  Respond to of 1576012
 
This is just an astonishing figure.

Anyone who believes for a minute this economy is improving ought to consider the meaning of these data.



To: FJB who wrote (707492)4/5/2013 12:21:24 PM
From: THE WATSONYOUTH1 Recommendation  Read Replies (1) | Respond to of 1576012
 
the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work.

.....so the 663.000 used to work..........now no longer work.........now no longer even look for work.......so what do they all do?.......just bang on their drums all day?.........play video games?...........apply for food stamps?........apply for disability??..............................this labor participation rate thing is just out and out FRAUD. Only a press totally in the Obama tank would allow this massive fraud to continue month after month.....year after year.

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