Do You Know What The REAL Unemploymente Is ?

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Do You Know What The REAL Unemploymente Is ?

Posted By: LetFreedomRing
Date: Saturday, 6-Oct-2012 05:01:10

http://lubbockonline.com/interact/blog-post/may/2012-10-06/cooking-unemployment-books-chicago-style >>> In other words , Obama LIES about the Unemployment Rate - BIG TIME !!! >>> ((snip)) The expected Obama Administration cooking of the unemployment data was released on Friday morning, with the unemployment rate being reduced to an inexplicably low 7.8% for the U3 jobless rate. This Chicago-style miracle was achieved with only 114,000 jobs being created. One day prior, on Thursday, Jeffrey Bartash wrote in The Wall Street Journal Market Watch [the bold type is my emphasis], On Friday, the employment report for September is expected to show another mediocre month of hiring. The U.S. likely created 113,000 jobs, according to economists surveyed by MarketWatch. That’s barely enough to keep up with the natural rise in the working-age population. Unemployment is projected to edge up to 8.2% from 8.1%, which would mark the 44th month in a row that the jobless rate has topped 8.0%. The last time that happened was during the Great Depression in the 1930s. Bartash continued, Economists see little chance of an upswing in hiring before the end of the year. Most consumers are husbanding their money and businesses have also grown cautious, worried about a political stalemate in Washington and global economic slowdown. What the economists predicted did not happen. The 7.8% unemployment rate makes absolutely no sense. There are additional numbers that just do not add up. First, the U6 unemployment rate has remained unchanged, The slow pace of improvement in the labor market is evident in another measure of unemployment known as the U6 rate, which includes those who can only find part-time jobs or have given up looking for work. The U6 jobless rate was unchanged at 14.7% last month. Second, the number of those who are looking for full-time work and not finding it went up, The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million. Third, the numbers do not make logical sense. An average of 146,000 jobs were added each month during the third quarter of 2012, which is July through September. That is 438,000 total jobs. However, U3 went from 8.2% in June to 8.3% in July and down to 8.1% in August. How could the addition of only 114,000 jobs drop the U3 down to 7.8% in September? It is simply not logical.