Unemployed Intentionally

[Cicero]

The general assumption here is that all unemployed are on unemployment......

[xoxoxoBruce]

Not at all, as explained here, there are lots of different "unemployment numbers".

[TheMercenary]

Originally Posted by xoxoxoBruce

Not at all, as explained here, there are lots of different "unemployment numbers".

But what is reported is just the "good" numbers.

As regular readers of The Ticker know, we like to hammer on the official U.S. unemployment rate versus the unofficial rate, which we believe to be a truer picture of joblessness in this country.

This morning, the Labor Department said the official number climbed from 9.4 percent in July to 9.7 percent in August.

But the unofficial number jumped from 16.3 percent to 16.8 percent.

The difference between the two rates is due to who's counted among the unemployed.

http://voices.washingtonpost.com/eco...l?hpid=topnews

[xoxoxoBruce]

Originally Posted by TheMercenary

But what is reported is just the "good" numbers.

It's the same fucking number they've been reporting for the last 50 years, but now suddenly it's smoke and mirrors?

Originally Posted by xoxoxoBruce

It's the same fucking number they've been reporting for the last 50 years, but now suddenly it's smoke and mirrors?

You addressed it earlier:

Originally Posted by xoxoxoBruce

He knows better too, just being a dick.

QFT

[Bluesky]

Originally Posted by xoxoxoBruce

It's the same fucking number they've been reporting for the last 50 years, but now suddenly it's smoke and mirrors?

I think right now there are weird ways of counting. If someone is on Fed extensions, they are not in the U3 number (from what I understand) but are counted in the U6 which also includes part time workers who want full time work.
I admit, I could easily be wrong in how I understand it all.

Long, blah blah info here: http://en.wikipedia.org/wiki/Unemployment

[xoxoxoBruce]

The source.