So Called Low Unemployment?

How is it that people do not realize that the only reason the unemployment rate is so low is because it does not calculate in the people that can%26#039;t draw unemployment anymore, the people that have given up on looking for work, and these poor kids coming out of college that are taking any job they can get making them underemployed (ie, BA, MA, PhD working at block busters).

Has society become so gullible that we take the lies the media feed us at face value?

So Called Low Unemployment?mortgage loan

the govt has a vested interest in making the unemployment rate seem as low as possible.

notice that for the last several years whenever you mentioned that we were headed towards major economic problems....they laughed at you at told you that things were great cause unemployment was low..and the stock market was good.

welll....it turns out that the economy was not that great was it? suddenly we are in an ecomomic meltdown. The other deception that is going on is how they are not even acknowledging that it was their policies that got us to this point. In fact they are running for office advocating that the solution to the problems is more of the same policies that got us into the mess in the first place..its a familiar refrain.

So Called Low Unemployment?

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I live in Michigan and am happy to still be working,we have the highest unemployment rate in the states,the least amount of jobs available,1 st in people leaving,probably 1 st in factorys and other employers leaving or folding,things are getting crappy here for alot of folks,and yea,I can bet those stats aren%26#039;t accurate either,there is probably alot more unemployed here than what is listed.|||yup. sad but true.|||The above rules for calculating unemployment have been in place since the 1930%26#039;s when the unemployment rate peaked out at 35%. The saving grace of the methodology in calculating the jobless rate is that it has remained relatively consistent over the years with few changes. This allows a fairly accurate picture when comparing economic highs and lows.

Bill Clinton did try and make the unemployment situations rosier than it was when he reduced the household survey per month from 50,000 to 30,000. What Clinton did was to eliminate cities with high ghetto populations and high unemployment. George W Bush restored the 20,000 households when he became president and the monthly household survey is now 60,000 per month.