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The Truth Regarding Unemployment Rate in the USA


               
2016 Jul 25, 5:22pm   2,731 views  10 comments

by BayArea   follow (1)  

Gentlemen and ladies,

One metric that I often hear when it comes to evaluating the performance of a president, political party, or state of the economy is the unemployment rate. It is probably as utilized a metric as anything out there.

Recently, the Trump campaign has been challenging the truth behind the published unemployment rates. His camp has been saying that true unemployment rates are as much as 3x higher than advertised. The reason being is that people who can't find work for extended periods of time fall off the unemployment tracker. Additionally, how do you treat the unemployed that don't want to be employed and aren't seeking employment?

What's the real story here? And is there a better way to track "real" unemployment in the USA? I'd be interested to know how Trump expects to track unemployment if he becomes President.

Comments 1 - 10 of 10        Search these comments

1   Booger   2016 Jul 25, 5:33pm  

It's called U6 unemployment rate.

2   HEY YOU   2016 Jul 25, 6:35pm  

If all retirees went to the unemployment office & said they wanted a job,would it show up in the numbers?

3   Strategist   2016 Jul 25, 6:48pm  

HEY YOU says

If all retirees went to the unemployment office & said they wanted a job,would it show up in the numbers?

Yes, it would.

BayArea says

What's the real story here? And is there a better way to track "real" unemployment in the USA? I'd be interested to know how Trump expects to track unemployment if he becomes President.

There are a host of other indicators......."Jobs created" is a good one.

4   FuckTheMainstreamMedia   2016 Jul 25, 6:53pm  

As I anecdotal posted the past few months...nearly 100% of applicants for entry level clerical positions where I work hold bachelor degrees.

I only partially know how the numbers are fudged. But they're fudged big time.

5   HEY YOU   2016 Jul 25, 7:01pm  

Strategist says

Yes, it would.

It's good to know that our govt is totally transparent.
I'll make sure to believe the Birth/Death numbers from the
Bureau of Lying Shits.
rofl

6   Strategist   2016 Jul 25, 7:03pm  

HEY YOU says

Strategist says

Yes, it would.

It's good to know that our govt is totally transparent.

I'll make sure to believe the Birth/Death numbers from the

Bureau of Lying Shits.

rofl

I take it you don't trust Democrats or Republicans with numbers.

7   FuckTheMainstreamMedia   2016 Jul 25, 8:03pm  

Strategist says

HEY YOU says

Strategist says

Yes, it would.

It's good to know that our govt is totally transparent.


I'll make sure to believe the Birth/Death numbers from the


Bureau of Lying Shits.


rofl

I take it you don't trust Democrats or Republicans with numbers.

HEY YOU's motto is "In Flask I Trust"

8   BayArea   2016 Jul 26, 11:45am  

Ironman says

Ironman, would you be able to define what U3, U6, and Shadow imply?

9   Tenpoundbass   2016 Jul 26, 11:51am  

Unique active resumes should be reported as well as any application submitted.
I would wager only a third of them count

10   BayArea   2016 Jul 29, 3:18pm  

This was very helpful, thank you guys for sounding off.

During this election, I will listen to the unemployment debates with a different ear than I had before.

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