On Sat, 22 Oct 2011 15:33:30 -0500, "
wrote:

On Sat, 22 Oct 2011 07:52:46 -0700, Gunner Asch wrote:

On Tue, 18 Oct 2011 18:41:23 -0700 (PDT), "
wrote:

On Oct 18, 7:39*pm, Allen Drake wrote:
lost millions
of jobs. Obama has created millions.


If Obama has created millions of jobs, explain how the unemployment is
close to 10%. As far as I know, Obama has at best kept a lot of
government jobs going for another year, but those jobs will be lost
eventually. You are welcome to cite studies that prove Obama has
created jobs.


Dan

Actually...unemployment is actually up around 24-27%

The 9.x% number is simply those that are Currently on unemployment
insurance. This does NOT count those that have exhaused their 99 weeks,
or are working less than 20 hours a week

Not true. The "unemployment" number has nothing to do with the number of
people on UI. It's a completely separate set of numbers.

The U3 vrs U6 numbers.

Neither. U3 is the classical "unemployment number". U6 is basically the
number of "underemployed"; those not working 40 hours, who wish to. The exact
definitions are easily found with a web search.

So the Obamassiah has done exactly dick with the economy..and in
fact...has caused at least 10% higher unemployment..and more than
likely...17% or more unemployment.

So Mr Drake is lying through his teeth. But then...he IS a
leftwinger..so its to be expected.

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

http://blog.readyforzero.com/2011/09...numbers-worse/


http://www.demconwatchblog.com/diary...have-not-heard

From 2010"

Nevermind Those People NOT Working, They’re Not Unemployed
By: Nathan Aschbacher Wednesday November 3, 2010 12:42 pm

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Look at all that gridlock!

Don’t worry. You’re not alone.

There’s stalwart refusal by the media and blogosphere to abandon
reporting U3 as the measure of unemployment in the United States. I
expect this from the mainstream media, but I can’t figure out why
bloggers clutch to such a dubious standard.

U3 doesn’t account for all the people who’ve been out of work so long
that they’ve given up looking, those who are working temp jobs because
there’s no other work, those people who are working part-time or reduced
hours even though they can and will work a full-time job. If you want
to get a picture of how depressed and stagnant the U.S. labor force is,
then it becomes pretty clear how pointless parroting U3, the “official”
unemployment rate, really is. The list of official caveats about what
it doesn’t measure should be enough for any thinking person to reject it
as a useful statistic entirely, but here we are still using it.

The Department of Labor actually publishes a more suitable measurement.
U6. This measurement contains:

Total unemployed, plus all persons marginally attached to the labor
force, plus total employed part time for economic reasons, as a percent
of the civilian labor force plus all persons marginally attached to the
labor force

It’s pretty easy to think of scenarios where even that isn’t a thorough
indicator for unemployment. Consider that there’s no accounting for the
quality of the job compared to a person’s education, training, or
experience. You could be a senior software architect with 15 years
experience, but working full-time flipping burgers, and you wouldn’t be
counted in U6 either. However, U6 is the broadest measurement that the
officialdom of the Department of Labor provides, and even in its
short-comings it’s still a vastly more relevant and accurate depiction
of unemployment in the United States than is the complete fiction
embodied by U3 that we constantly hear as the “unemployment rate.”

We don’t seem to have this problem in a lot of other areas. They’re
not, “enhanced interrogation techniques,” they’re torture. They’re not
,”isolated incidents of detainee abuse,” they’re a systemic regime of
abuses. They’re not, “the worst of the worst,” they’re overwhelmingly
innocent people detained without sufficient evidence to even charge them
with the weakest of crimes.

Unemployment isn’t, “9.6%,” it’s 17.1%

17.1%. That’s as close as our standard measurements get us to a real
picture of what the unemployment rate is, so let’s start using it. All
the people who can’t find work, can’t get enough work, have given up
entirely because they’ve been out so long, and those who have had to
slide way back down the ladder to find a job at all; they’re all
deserving of being included in “unemployment,” so include them.