Wednesday, September 28, 2011

Real Unemployment Figures

The conventional media overlooks the missteps the administration attempts with various employment “stimuli.”

As an example: There are those, who once jobless, find new employment within reasonable time. Then, there are those with in-between jobs that may be just temporary or part time. And others during a recession, who go off for work in totally different areas, for lesser work hours.

The number of weeks someone is unemployed is an important statistic. While many unemployed give up seeking work and if able, retire earlier under Social Security at reduced benefits.

New job creation figures are important. Look also to see the type of jobs created. Government work is not creative. It does not have a multiplier effect as do private industry jobs.

The Bureau of Labor Statistics provides a whole list of unemployment categories. The real, practical number today is about 16%. (See the Earl J Weinreb NewsHole® comments.)

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