The government is working real hard to gain confidence in our system after 8 years of lousy management.
http://www.dollarsandsense.org/blog/2009/05/real-unemployment-at-record-high.html
"The real story, of course, is much grimmer. The official BLS rate (shown in line U3 of the monthly reports) only counts those actively seeking work.
Line U6 of that same report, however, gives a more accurate picture of the state of unemployment. This rate stands at 15.8% for April 2009, up from 8.9% a year earlier. (All the info comes from the BLS website).
The U6 number includes the following:
*Discouraged workers: those who have looked for a job in the past twelve months but given up.
*Marginally attached workers: This group includes discouraged workers above, as well as others who have looked for work in the recent past and would accept a job if offered. They are not included in the "official" count because they have not looked for work in the past four weeks.
*Part-time workers for economic reasons: This group includes people who are employed part time, but are actively seeking full-time work because they want (and presumably need) it. A more accurate description is "involuntary part-time workers."
US Bureau of Labor Statistics raw data - http://www.bls.gov/news.release/empsit.t12.htm
graphs of the BLS data:
Unemployment - Seasonally Adjusted http://www.onepennysheet.com./wp-content/ChartsGraphs/UnEmpSA_Mar09_2.gif
U3 to U6 Comparison http://www.onepennysheet.com./wp-content/ChartsGraphs/U3toU6_Mar09_1.gif
Continued rising unemployment. I guess that means Obama is growing his voter base. Gotta have someone to buy votes from and give hands outs to, from those of us he steals from.
This is what we really have to look forward to. I couldn't have said it better myself, so why try. ;)
Welcome To The ObamaNation!
http://www.useless-knowledge.com/1234/08nov/article007.html (http://www.useless-knowledge.com/1234/08nov/article007.html)
Quote from: Crash Daily on May 09, 2009, 03:38:57 PM
This is what we really have to look forward to. I couldn't have said it better myself, so why try. ;)
Welcome To The ObamaNation!
http://www.useless-knowledge.com/1234/08nov/article007.html (http://www.useless-knowledge.com/1234/08nov/article007.html)
Targeting the POTUS instead of the American people and their representatives?