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Hewlett-Packard Company Message Board

  • sstail94 sstail94 Sep 11, 2012 3:15 PM Flag

    Why Obama will lose - Real UE Numbers

     

    "The latest BLS report says that 8.1% of Americans are currently unemployed.

    The BLS figures do not take into account the millions of Americans that have had to take part time jobs because they have not been able to find full time work, those who have exhausted their unemployment benefits and those who are so discouraged that they’ve given up looking for work.

    There is a second statistic called the Alternative Unemployment Statistic. The AUS is always higher as it counts all of the employed except for the discouraged workers who have been out of work more than a year. The current AUS figure is 14.6%.

    There is yet another even more realistic unemployment statistic that portrays a far more accurate picture of America’s job market. The SGS or Shadow Government Statistics encompass all of the different factors that deal with unemployment. The current SGS unemployment figure is a staggering 23%. That means that nearly 1 of every 4 Americans are either unemployed, underemployed, exhausted unemployment benefits or are so discouraged that they’ve given up looking for work.

    Another indicator is the cling rate. In good times people readily change jobs. Not so today. The cling rate is the highest it has been in decades as people are afraid to move to a new position for fear of job loss."

    The truth is the Obama Administration's polices have failed and in fact prolonged the economic downturn and caused more individual misery. Time for Obama to go.

    This topic is deleted.
 
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