Real Unemployment Rate Is at Least 18 Percent

longknife · Jul 29, 2014

Watch the left-wingers leap all over this because it's a Breitbart site story. Nothing about the facts reported or the truth.

Truth? I don't want no damn truth!

We hear it all the time.

But, for your own information, read the story @ http://www.breitbart.com/Big-Government/2014/07/29/Real-Unemployment-Rate-Is-at-Least-18-Percent

waltky · Sep 7, 2014

Domestic workers being replaced by foreign workers...

Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low
September 5, 2014 -- A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.

The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.

In August, the civilian noninstitutional population was 248,229,000 according to BLS. Of that 248,229,000, 155,959,000or 62.8 percent--participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks. The 92,269,000 who did not participate in the labor force are those in the civilian noninstitutional population who did not have a job and did not actively seek one in the last four weeks. Because they did not seek a job, they did not count as unemployed.

Of the 155,959,000 who did participate in the labor force, 146,368,000 had a job and 9,591,000 did not have a job but actively sought one. The 9,591,000 are the unemployed. They equaled 6.1 percent of the labor forceor an unemployment rate of 6.1 percent (which was down slightly from the 6.2 percent unemployment rate in July). The 146,368,000 people employed in the United States in August was up 16,000 from the 146,352,000 who were employed in July.

http://www.cnsnews.com/news/article...-force-participation-rate-matches-36-year-low
Click to expand...

See also:

24,639,000: Record Number of Foreign-Born Hold Jobs in U.S.
September 5, 2014 -- The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007.

The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally. The foreign born are those who reside in the United States but who were born outside the country or one of its outlying areas to parents who were not U.S. citizens, the BLS explains. The foreign born include legally-admitted immigrants, refugees, temporary residents such as students and temporary workers, and undocumented immigrants. The survey data, however, do not separately identify the numbers of persons in these categories.

The 24,639,000 foreign-born workers who held jobs in the United States in August was up 557,000 from July, when 24,082,000 foreign-born workers held jobs. These are non-seasonally adjusted numbers. In the year from August 2013 to August 2014, the number of foreign-born workers holding jobs in the United States climbed by 806,000, from 23,833,000 to 24,639,000. During the same August-to-August period, the number of native-born Americans holding jobs increased from 120,676,000 to 122,008,000, a climb of 1,332,000.

Of the 146,647,000 people with jobs in the United States in August (in the BLSs non-seasonally adjusted data), the 24,639,000 foreign-born workers equaled 16.8 percent of the jobholders. But of the 2,138,000 increase in jobholders from August 2013 to August 2014, the 806,000 increase in foreign-born jobholders equaled 37.7 percent of the total.

http://www.cnsnews.com/news/article/ali-meyer/24639000-record-number-foreign-born-hold-jobs-us
Click to expand...

cjm2003ca · Sep 7, 2014

waltky said: ↑

Domestic workers being replaced by foreign workers...

Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low
September 5, 2014 -- A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.

See also:

24,639,000: Record Number of Foreign-Born Hold Jobs in U.S.
September 5, 2014 -- The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007.
Click to expand...

people just dont understand how they are being lied to about unemployment numbers and inflation rates...dont you notice how less far your money is going now comapred to 5 years ago?...do you really think food hasnt gone up at all?...they juts dont care..or are too stupid to understand it more like it

Sadanie · Sep 7, 2014

longknife said: ↑

Watch the left-wingers leap all over this because it's a Breitbart site story. Nothing about the facts reported or the truth.

“Truth? I don't want no damn truth!”

We hear it all the time.

But, for your own information, read the story @ http://www.breitbart.com/Big-Government/2014/07/29/Real-Unemployment-Rate-Is-at-Least-18-Percent
Click to expand...

Silly!
What Breibart is talking about is the U6 employment rate. . .which is NOT 18%, but was down to 12% in August 2014 (the lowest since BEFORE President Obama was elected!).
The 6.1% relates to U3, which does NOT include "partially attached workers" or other underemployed workers.

What is U6 unemployment rate ?
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

- See more at: http://portalseven.com/employment/unemployment_rate_u6.jsp#sthash.IpvMI8lS.dpuf
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It seems that Breitbart is counting on some of his readers being too dumb to understand the differences!
By the way "foreign born workers" also include people who have been naturalized US Citizens most of their life. . . .Like several of our senators and congressmen!

Nator · Sep 7, 2014

18%? It is actually between 25-30%, and underemployment is about 60%. Roughly only 40% of Americans are full-time employees. About half are foreign, and God knows if they're actually legal.
That said, I would like to say that seasonal work drops unemployment to about 15% (namely for the holiday months Oct-Jan). Summer jobs (like cannery work) to some degree, but not as much.

longknife · Sep 8, 2014

And the latest statistics are even worse with far fewer newly employed than ever.

166,000 more jobs for the millions of unemployed?

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