http://www.profitcon...ent-statistics/
As I have been pointing out to my readers, the “official” unemployment numbers issued by the government are misleading because they do not include people who have given up looking for work and those people with part-time jobs who want full-time work.
In January, there were 3.6 million individuals in the U.S. economy who were long-term unemployed—out of work for more than six months. (Source: Bureau of Labor Statistics, February 7, 2014.)
Those who are working part-time in the U.S. economy because they can’t find full-time work stood at 7.3 million people in January.
Add these two numbers into the equation and the real unemployment rate, often called the underemployment rate, is over 12%. Meanwhile, the official unemployment rate from the Bureau of Labor Statistics sits at 6.6%—that’s the number you will hear politicians most often quote.
But if there’s a group of policymakers that looks past the “official” unemployment numbers, it’s the Federal Reserve.
Ten Million People Left Out of Employment Statistics?
Started by
abbyjoseph
, Feb 18 2014 10:08 AM
2 replies to this topic
#2
da_cheif
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- Traders-Talk User
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Posted 18 February 2014 - 10:37 AM
10 million left out...... afgans ...ethiopians....cubans.....libyans 
Edited by da_cheif, 18 February 2014 - 10:37 AM.
#3
pisces
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- Traders-Talk User
- 1,179 posts
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Posted 18 February 2014 - 11:57 AM
http://www.profitcon...ent-statistics/ As I have been pointing out to my readers, the "official" unemployment numbers issued by the government are misleading because they do not include people who have given up looking for work and those people with part-time jobs who want full-time work. In January, there were 3.6 million individuals in the U.S. economy who were long-term unemployed—out of work for more than six months. (Source: Bureau of Labor Statistics, February 7, 2014.) Those who are working part-time in the U.S. economy because they can't find full-time work stood at 7.3 million people in January. Add these two numbers into the equation and the real unemployment rate, often called the underemployment rate, is over 12%. Meanwhile, the official unemployment rate from the Bureau of Labor Statistics sits at 6.6%—that's the number you will hear politicians most often quote. But if there's a group of policymakers that looks past the "official" unemployment numbers, it's the Federal Reserve.
doesn't have a flying hoot to do, with making money in the market
