Unemployment percentage rate told has hidden facts

Posted in the Hickman County Forum

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1 - 3 of 3 Comments Last updated Oct 15, 2012
Know the Facts

Nashville, TN

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#1
Oct 12, 2012
 

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During the presidential debate season, there is a fact everyone need to know about the unemployment percentage being quoted. Last night, in the vice presidential debate, the national unemployment rate of 8% was quoted. This 8% number ONLY REPRESENTS THE PERCENT OF WORKERS THAT IS UNEMPLOYED THAT IS DRAWING AN UNEMPLOYMENT CHECK. The number does not include the people who have exhausted the 2 years of being allowed to draw unemployment. Now you know the facts that this number does not reflect the true meaning of the total number of workers standing in the national unemployment line. Don't be fooled when you are told the unemployment percent has fallen. Do your research on the true number of unemployed in this nation.
stephanie jolley

United States

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Oct 12, 2012
 

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Know the Facts wrote:
During the presidential debate season, there is a fact everyone need to know about the unemployment percentage being quoted. Last night, in the vice presidential debate, the national unemployment rate of 8% was quoted. This 8% number ONLY REPRESENTS THE PERCENT OF WORKERS THAT IS UNEMPLOYED THAT IS DRAWING AN UNEMPLOYMENT CHECK. The number does not include the people who have exhausted the 2 years of being allowed to draw unemployment. Now you know the facts that this number does not reflect the true meaning of the total number of workers standing in the national unemployment line. Don't be fooled when you are told the unemployment percent has fallen. Do your research on the true number of unemployed in this nation.
Also whats not mentioned is the type of jobs that were created. If (just hypethetical numbers here not real) America lost 22K Middle income jobs making the unemployment rate 10% but gained back 4K low income jobs...technically the unemployment rate dropped but now those that arre back to work are making no where near as much as they used to. How has it REALLY helped our economy?

“Hickman County Journalist”

Since: Sep 10

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#3
Oct 15, 2012
 
The posters above are correct. That's the way unemployment has been calculated for decades. It also does not include those who have just given up looking for work that doesn't exist.

Most of the jobs gained were part-time.

Also, it was the Republican Congress that cut off unemployment checks and, ironically, lowered the stated unemployment figures. It may be funny the way GOP "austerity" blew up in their faces - but it isn't funny to those who can't take care of their families anymore due to the cut-off.

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