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Unemployment number discrepancy

 
 
Reply Wed 27 Jun, 2012 04:31 pm
Bureau Of Labor Statistics

Percent
unemployed
persons

May 2011 May 2012

8.7 pct 7.9 pct Total, unemployed, 16 years and over

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The media numbers were 8.1 pct in May 2012 -- .2 pct more

Two pct isn't all that much, but it is a discrepancy and should be looked into by independent inspectors, especially in the middle of the President election year when fair play takes a holiday.
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You always have it in your power to admit that you are powerless Ashleigh Brilliant
We live not as we wish to but as we can.. Menander 300 BC
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Lustig Andrei
 
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Reply Wed 27 Jun, 2012 05:21 pm
@Rickoshay75,
Those statistics are largely meaningless anyway. They count only people who have signed up for unemployment benefits the previous week. It does not include the thousands of people who'd like to work but are no longer eliigible for unemployment benefts. And, of course, it doesn't count ayone who was effectively self-employed before the big market crash and now can't work because there are no jobs.
Rickoshay75
 
  1  
Reply Sun 1 Jul, 2012 04:05 pm
@Lustig Andrei,
Lustig Andrei wrote:

Those statistics are largely meaningless anyway. They count only people who have signed up for unemployment benefits the previous week. It does not include the thousands of people who'd like to work but are no longer eliigible for unemployment benefts. And, of course, it doesn't count ayone who was effectively self-employed before the big market crash and now can't work because there are no jobs.


Here is another possibility that that could make the number of unemployed a game changer. ..

According to the 2010 BLS (latest info I can find), 77, 882 million didn't want a job for a variety of reasons. If just ten percent suddenly changed their minds, around 7.78 million could be added to the official unemployed numbers.
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