In response to:

Obama's Payroll Disaster

Ellen218 Wrote: May 05, 2012 4:13 AM
Condensed from a Table showing the true unemployment rate. The official unemployment rate is 8.1%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6 of the chart.. U-6 is much higher at 14.5%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years.

Quick Notes About the Unemployment Rate

  • US Unemployment Rate fell .01 to 8.1%
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  • In the last year, the civilian population rose by 3,638,000. Yet the labor force only rose by 945,000. Those not in the labor force rose by 2,693,000.
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  • The Civilian Labor Force fell by 342,000.
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  • Those "Not in Labor Force" increased by 522,000. If you are not in the labor force, you are not counted as unemployed.
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  • Those "Not in Labor Force" is at a new record high of 87,419,000.
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  • By the Household Survey, the number of people employed fell by 169,000.
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  • By the...