Wednesday, September 8, 2010

Unemployment Edges up to 9.6 Percent as Weak Job Growth Continues + Real unemployment for August 2010

[mEDITate-OR:
not see that what "They" are telling U.S. is simply an untruth.

The 1st chart shows U.S. in red what is "reported" to U.S. each week.
However, what you see in blue is the REAL number...
or as close to it as we probably can get.

The 2nd chart shows U.S. that not all unemployed are equal...
that black & Hispanics are far more out of work that whites are.
However, while that may be true, some other things are too:
middle age white men are much more out of work - literally & figuratively - than white women are, and they probably will never get the same jobs back.
black teenagers are totally out of work, for this summer.

Ugly, wherever, you look.
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The government has traditionally represented unemployment as those people who are currently seekin full-time employment. Anyone who has surrendered the job hunt is 'on the margin', and not counted.
Total unemployment from mid-1997 to the present.
The blue line represents everyone out of work, whether or not they are currently job hunting ('U-6').
The red line is the number the government publishes, which only represents people who are actively seeking employment ('U-3').

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jobs-2010-09.jpg
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Unemployment Edges up to 9.6 Percent as Weak Job Growth Continues
http://yubanet.com/usa/Unemployment-Edges-up-to-9-6-Percent-as-Weak-Job-Growth-Continues.php
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Real unemployment for August 2010
http://www.csmonitor.com/Business/Paper-Economy/2010/0903/Counting-the-margin-Real-unemployment-for-August-2010
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