Friday, March 5, 2010

Fuzzy Math on Unemployment

Today the BLS released the official unemployment for February to be 9.7% or 14.9 million people. But that isn't the REAL unemployment. Conveniently, they don't tell the truth anymore and they know it.

Are you wondering who started reporting lies? No, it wasn't Obama. But it was another leftist president who said "it depends on what the meaning of 'is' is", who must have decided to parlay that into the definition of "unemployment" when he was re-writing the dictionary. So in an effort to mask the truth, the Clinton administration changed the way BLS calculates unemployment statistics by excluding "discouraged workers," meaning those who had given up looking for a job because there were no jobs to be found. Ever since then, the unemployment statistics have been a lie.

While living the lie and in complete denial, apparently Harry Reid thinks it is really good news that the "reported" job loss of "only" 36,000 is worthy of celebration. Obama declared it "better than expected". I don't think anyone should be celebrating. What would the 36,000 people say to Reid or Obama, given the opportunity? What would Reid or Obama say if the REAL unemployment were declared outright and not buried in the BLS website reports?

You can review all the reports here if you have the stomach for it.

Granted, all these reports are confusing. Perhaps they are meant to be that way, to throw you off the course and prevent you from seeing the truth.

So what is the real unemployment? As per shadow stats, ,the below chart provides us with the real unemployment statistics.

As you can see from the chart, the "official" unemployment is 9.7%, but the real unemployment is just under 22%!

So while they have reported the "official" total of unemployed to be 14.9 million, they have conveniently excluded an additional 11.3 million people from the "official" unemployment numbers. This is who got left out:
- 8.8 million working part time (resulting from hours being cut or those unable to find a full-time job)
- 2.5 million marginally attached to the labor force (not counted as unemployed discouraged workers, not currently looking for work because they believe no jobs are available for them)

This puts the actual unemployment at 26.2 million or 22%. That is a lot of people. The great depression had between 12-15 million unemployed or 25-30%. That was before Clinton's fuzzy math when they counted all of the work force.

To add fuel to the fire, there is an estimated 12 million illegal immigrants that are taking jobs away from the 26.2 million unemployed Americans. If those jobs were held by Americans, that would cut our real unemployment in half.

The real unemployment is now nearing the dangerous levels of the great depression. Despite all this, Obama continues on his crusade for socialized medicine, amnesty for illegal immigrants, and spending the nation into bankruptcy. All the while, he simultaneously declares all of this will cut costs, create jobs, and decrease the deficit. Once again, the fuzzy math on the whitehouse calculator is getting the administration all confused, and the fuzzy math on the unemployment is only making it worse.

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