Accurate Numbers: Underemployment Up To 20.3% In March

Yes that is underemployment, all those that want better jobs than they can find, plus those unemployed, it continues to go up.

A fitting headline alternative Underemployment Rises to 20.3% in March for today’s jobs report which is getting entirely too much hype as good economic news from the left.

The actual unemployment, before the looks better fixes are applied for 2010 Jan-Mar is 16.5% 16.8% 16.9% — yes it’s increasing. The real data is here, look for item U-6. Always best to go to the source, ignore the lame stream media hype and cheering leading breathless drools.

So underemployment is increasing, sigh, up another 0.5% in March 2010. Steadily rising, as Obozo’s socialist policies are destroying the private sector economy.

This sums it up the meaning of underemployment:

As unemployed Americans find part-time, temporary, and seasonal work, the official unemployment rate could decline. However, this does not necessarily mean more Americans are working at their desired capacity. It will continue to be important to track underemployment—to shed light on the true state of the U.S. workforce, and the millions of Americans who are searching for full-time employment.

So if you are a college grad with years experience in your chosen field, and now work at Burger King, that’s what underemployment is.

What we need is less government out out control spending which is doing nothing but bankrupting our country, in the name of economic stimulus and more of the government getting the hell out of the way of the private sector economy.

Gallup: Environmental Concerns Hit 20-year Low In U.S.

USAToday informs us that the environment and concerns about it have now hit a 20 year low. Proving the environment and the concerns for same, are a sunshine, good times type of hip thing ? Being environmental freindly on goes so far, and unemployment and recession seems to have taken all the cash people have for that mostly nonsensical crap.

Construction Unemployment Rate Hits 27.1% as Another 64,000 Construction Workers Lost Jobs in 2/2010

The construction unemployment rate jumped to 27.1% and construction employment dropped to a 14-year low as another 64,000 construction workers lost jobs in February, according to federal employment figures released recently.

Looks like that NObama focus like a laser light on jobs, jobs and jobs is paying off handsomely.

SAN FRANCISCO: Outrage Grows Over Muni Operators’ Pay

The city’s Muni operators are about to have one of those “uh-oh” moments. You know, that awkward instant when a group realizes that it overplayed its hand – badly.

Even in San Francisco, a union town where labor issues are treated with kid gloves, politicians and transit riders are teeing off on the drivers like they stole rent money from little old ladies.

“There is no question in my mind that they completely misread the public,” Mayor Gavin Newsom said Wednesday. “Either they step up or the people of San Francisco will.”

Friday, the Municipal Transportation Agency will vote on ways to balance its budget.

Public sector unions are strangling America, just like they are doing to Greece and most of Europe.

Unemployment Still Rising

All this after the BLS revised their charts to try and obscure the facts … It started January 1, 2010. How unexpected that the data would be revised, re-tabulated and reformatted while at the same time showing unemployment was magically decreasing.

Well, this looks like a snow job: Unexpectedly — The Labor Department said Thursday morning that seasonally adjusted initial claims came in at 480,000 for the week ended Jan. 30, an increase of 8,000 from the previous week’s revised figure of 472,000. Economists were looking for a decrease of about 10,000.

The yearly update, expected to be about 824,000 jobs according to the BLS, is due Friday.

Fox News:

U.S. To Lose 824,000 Jobs as Employment Data Revised

The U.S. will lose 824,000 additional jobs when the BLS releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape last year than known at the time.

Hey maybe they are purposefully manipulating the numbers? Naw, not our Obama administration.

Goverment Spending(Stealling from taxpayers), Does not Make for Economic Stimulus

You can’t steal money from the economy and then put the money back in and expect the economy to grow. Simple as that — Government has no money, and printing money just makes the total amount of money in the economy expand, ie INFLATION.

For a full explanation see the Heritage Foundation complete writeup and analysis by Brian M. Riedl: Why Government Spending Does Not Stimulate Economic Growth: Answering the Critics

Always Wait For The Revisions, Before Celbrating

Especially when you are dealing with the media and their reporting.

The Labor Department said Thursday that advanced, unadjusted data, of new claims for unemployment insurance dropped last week to a seasonally adjusted 521,000, from the previous week’s upwardly revised total of 554,000.

So when this number goes up in the revisions, then we will have … repeat above paragraph.

Does it seem to you the media is talking in circles, instead of trying to present clear facts?

Explain The Unemployment Numbers

Political math lays is out for you. The real number instead of 9.8% would actually be 10.2%, without the government sanctioned and media parroted games of course.

Unemployment Up, Now 9.8%

The real unemployment rate now stands at 17%, in the BLS report table A-12, line U-6. It’s the fake 9.8% number that is widely reported, to make the number to appear better, when you don’t read the actual report. It’s a news reporting gimmick thing.

Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million, and the unemployment rate has doubled to 9.8 percent. (See table A-1.)

Unemployment rates for the major worker groups–adult men (10.3 percent), adult women (7.8 percent), teenagers (25.9 percent), whites (9.0 percent), blacks (15.4 percent), and Hispanics (12.7 percent). The unemployment rate for Asians was 7.4 percent, not seasonally adjusted. The rates for all major worker groups are much higher than at the start of the recession. (See tables A-1, A-2, and A-3.)

But look at this …

As the BLS noted in Friday’s Employment Situation Summary:

Employment in health care continued to increase in September (19,000), with the largest gain occurring in ambulatory health care services (15,000). Health care has added 559,000 jobs since the beginning of the recession, although the average monthly job gain thus far in 2009 (22,000) is down from the average monthly gain during 2008 (30,000).

But what the report didn’t say: Workers are dropping out: The unemployment rate edged up only slightly, to 9.8 percent, but the number of workers in the estimated labor force fell by 571,000, suggesting the unemployment rate could have been much worse. Then the ranks of the loosely or marginally attached — workers who have dropped out of the workforce because they believe they won’t find jobs or because they have other responsibilities, such as school–have grown by 615,000 over the year.

This is what makes up the combined unemployment rate of 17%.