The conventional media overlooks the real unemployment numbers.
As examples: 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 fewer skills, for less 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 does private industry jobs.
The Bureau of Labor Statistics provides a whole list of unemployment categories. The real, practical number varies greatly from public announcements. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment