Demons Dialog & Revelation

Log in and share your knowledge
Demons Dialog & Revelation
Welcome to Demons Dialog & Revelation..Please join us in the fight against lies and the noble task of digging up the truth.
Breaking News from ABCNEWS.com:
Eight N.Y. High School Students Test Positive for Swine Flu, N.Y. Mayor Says

The federal government declares a public health emergency, as the number of cases of swine flu in the U.S. rises to 20.

Who is online?

In total there are 2 users online :: 0 Registered, 0 Hidden and 2 Guests

None


[ View the whole list ]


Most users ever online was 17 on Sun Jun 30, 2013 5:14 pm

Statistics

Our users have posted a total of 371 messages in 187 subjects

We have 6 registered users

The newest registered user is crzy.beautiful

Navigation


    Gov't data fatally flawed! Real jobless rate hits 19.8%!

    Share
    avatar
    michael144/Admin
    Admin
    Admin

    Gov't data fatally flawed! Real jobless rate hits 19.8%!

    Post by michael144/Admin on Mon Apr 06, 2009 2:29 pm


    Fact #1. Fatally Flawed Official Unemployment Number

    The U.S. government's Bureau of Labor Statistics (BLS) shocked the world Friday with the release of its official, headline unemployment number: A surge from 8.1 percent to 8.5 percent.

    But it's really a lot worse. This number (called "U-3"), although invariably cited by the press in the headlines, is the narrowest, most sugarcoated measure of U.S. joblessness:

    * It excludes workers seeking full-time jobs, failing to find them, and then accepting part-time work that almost invariably pays far less.

    * It excludes discouraged workers who have given up looking for jobs because they can't find any.

    * And, as if that wasn't enough to color the truth, the BLS has been consistently and grossly understating the current unemployment numbers, not revising them until months later when fewer people are paying attention.

    Williams points out that:

    "The pattern of impossible biases being built into the headline monthly payroll employment continued with March 2009 reporting. Instead of the headline jobs loss of 663,000, consistent application of seasonal-adjustment factors would have shown a more-severe monthly jobs loss of about 750,000. This upside reporting bias has been seen in 11 of the last 12 months, with a rolling 12-month total upside headline-number bias of 1,345,000."

    The proof: In every single one of its six most recent monthly payroll reports, the BLS has announced massive upward revisions in prior months' job loss numbers — with five of those even exceeding its own guidelines for the acceptable margin of error (plus or minus 5 percent).

    Fact #2. Government Admits Some of the Flaws

    The government also publishes a broader measure of unemployment ("U-6"), which corrects some — but not all — of the above flaws.

    This measure includes many discouraged and part-time workers, as it should. And, lo and behold, those adjustments alone add more than seven full percentage points to the unemployment rate!

    Instead of 8.5 percent unemployment, suddenly we see that we have 15.6 percent unemployment, according the government's own admission.

    Instead of a recession, suddenly we see that we are already in a depression
    .
    .......View This Issue On Our Website [»]

      Current date/time is Sun Sep 23, 2018 10:41 pm