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Altria Group Inc. Message Board

  • happygambler34 happygambler34 Dec 8, 2012 6:56 PM Flag

    BLS Unemployment Report

    Figures lie....and liars figure!!!

    7.7%...what a joke

    The BLS report releases the highly publicized U-3 unemployment rate along with a lesser known rate called the U-6. the official U-6 unemployment rate for the state of Wisconsin is 13 percent. Nevada's U-6 rate is 21.4 percent, up from just 7.6 percent in 2007. Washington State is at 17.1 percent. Economically troubled California has a 19.6 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

    Reported job gain 146,000 Less 350,000 who dropped out of job force---net minus 204,000.

    Sept/Oct revised figures-

    September down to 132,000 from 148,000

    October down to 138,000 from 171,000

    So much for the Obama economic recovery!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Cumgobbler yells that the BLS is a bunch of "liars," then lovingly cites a whole pile of data from the people he just called liars.

      Cumgobbler, the U-6 data are all lies. The much more respected U-42 number, put out by the Council to Monitor Global Business-Labor Resource Situations (CMGBLRS), reported that the nation added 11 billion jobs, and unemployment fell to minus-300%. Even fetuses reported full employment.

      Thought you should know.

    • sandale111@bellsouth.net sandale111 Dec 8, 2012 7:10 PM Flag

      "U-6 unemployment rate for the state of Wisconsin is 13 percent. Nevada's U-6 rate is 21.4 percent, up from just 7.6 percent in 2007. Washington State is at 17.1 percent. Economically troubled California has a 19.6 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007."

      No wonder Obama lost all those states to Romney!

      • 2 Replies to sandale111
      • Hey Fred Astaire wannabes...Disprove these numbers

        Reported job gain 146,000 Less 350,000 who dropped out of job force---net minus 204,000.

        Sept/Oct revised figures-

        September down to 132,000 from 148,000

        October down to 138,000 from 171,000

      • Odd that Republican hacks switched from using the U-3 metric under Bush
        [U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks]

        to U-6 under Obama
        [U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment)]

        U3 is favored because it is the easiest to record: it tracks the actual number of people who have filed for unemployment relief.

        "So much for the Obama economic recovery!!!"

        Republicans spent decades destroying the US economy, yet now they're complaining Obama hasn't totally cleaned up their mess after four years.

 
MO
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