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Thread: Unemployment falls to 8.2%............

  1. Default Unemployment falls to 8.2%............

    The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000

    No one believes the Government bullship that the "fragile recovery" is based on any reality. 88 Million Americans unemployed. What a dream world you dimocrats live in.

    http://www.zerohedge.com/news/nfp-bi...nemployment-82

    More than 50 million Americans are on Medicaid, the federal-state program aimed principally at the poor, a survey of state data by USA TODAY shows. That

    Thread started at Forum 4 Politics on 04-07-2012 07:38 AM

  2. Icon15

    Uncle Ferd wantin' his job wringin' farts outta shirt-tails back atta dry cleanery...

    Unemployment at 8.1 percent -- If this is recovery, where are the jobs?
    May 6, 2012 : No matter how the unemployment figures are spun, a lot of people still are out of work, some 12.3 million.
    The U.S. Labor Department's Bureau of Labor Statistics released the April unemployment statistics Friday, showing they ticked down a notch to 8.1 percent -- better than March's 8.2 percent and much better than April 2011 when unemployment climbed to 9 percent. It was good news but the focus was on the number of jobs created -- the only real mechanism for putting people to work and reinvigorating the economy. Labor said 115,000 jobs were created last month -- 130,000 in the private sector as governments continued to shed workers. The number represents about half what is needed to bring back the roaring '90s when the federal government showed budget surpluses. And if healthcare, social services and temporary business services are excluded, only 91,000 private-sector jobs were created.

    University of Maryland economist Peter Morici said for unemployment to be reduced to 6 percent within the next three years, the economy would have to add 370,000 a month, something that's not going to happen with the gross domestic product growth limping along at the first quarter's 2.2 percent. Friday's "employment report provides further evidence that the economy is continuing to heal from the worst economic downturn since the Great Depression, but much more remains to be done to repair the damage caused by the financial crisis and the deep recession," said Alan B. Krueger, chairman of the Council of Economic Advisers. Krueger said 4.25 million payroll jobs have been added to the U.S. economy since February 2010 when unemployment stood at 9.7 percent.

    The problem with unemployment figures is that they only reflect the number of people actively looking for work -- not those who have given up or are underemployed. The BLS estimates 5.1 million people have been without work for 27 weeks or more, with 7.9 million working part-time because their hours have been cut back or they are unable to find full-time work. Some 2.4 million others "were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey," the BLS said. If all those discouraged workers are included, estimates for real unemployment stand at 14.5 percent, 18 percent if all the new college graduates working at fast-food jobs are counted, Morici estimates.

    Christine Owens, executive director of the National Employment Law Project, said the answer is investment to create more jobs and increased wages to stimulate demand. "Increasingly, Americans are finding that low-wage jobs are their only option," Owens said. "While solutions such as the restoration of organizing and bargaining rights, stronger enforcement of wage laws, and a renewed social compact among corporations and their employees are powerful and necessary antidotes for the troubling erosion of wages, a critical first step we could take right now is to raise the minimum wage, close loopholes like the excessive employer tip credit, and index the rate to inflation so that it keeps pace with the rising cost of living."

    MORE
    So here is my suggestion: Forget bombs -- we should drop Obama administration policy makers on Iraq and Syria. That would ensure the ruin of the Islamic State in no time!

  3. #3

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    Employment figures aren't a true indication by any standards.. Look at those who are NOT earning a living wage.
    Last edited by lizarddust; May 07 2012 at 02:09 AM.
    "The eagle watches from the mountain.
    As the warriors turn into fools.
    And the dice are thrown on sacred ground.
    And they move closer to the truth"

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