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In Reply to: Re: not good for the US posted by STUART` on December 20, 2006 at 06:39:55:
Stuart,
That's interesting. The standard unemployment rate has traditionally been reported by the U.S. Dept. of Labor. Who is reporting 12%?
Follow Ups:
As far as I have always been told the stats are the people
that are still collecting benefits and reporting they are unemployedMy brother ran out of benefits a few years back and was unemployed
for over a year and a half looking for I.T. work in ChicagoThere are a ton of people unemployed and looking for professional work
and their benefits have long since run out.They are the percentage of people that are not reported and they
are assumed to be workingI have heard several times the actual has really been about
12%
I think things are better now then the four years right after 9/11I have seen a page on the Augmented unemployment rate if you google it
it shows like 9% unemployment in 2004Youll have to google it and research this stuff yourself cause
were kinda getting off of pro audio subject here
:)
'Who is reporting 12%?'
The rate depends on the source. The USDL figures come from unemployment insurance claims, but if you're no longer eligible for benefits you're not counted as unemployed. The actual number of unemployed is usually considered as twice the USDL figure, but some sources consider the 'unemployable', such as those on disability or homeless, as well.
So are you telling us that back in about 1998, when the media was falling all over itself telling us that the unemployment rate was an amazingly low 5%, they were just falling for the Government hype?
Our government lie to us? Hard to believe that. Now go write WMD on the blackboard 3,500 times and remember why we've lost that many of our best for a lie.
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