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BlueStreak

(8,377 posts)

10. The statistic is fine. The media obsesses of the WRONG statistics

Reply to NM_Birder (Reply #6)

Fri Apr 4, 2014, 12:00 PM

Apr 2014

There are other statistics that are much more meaningful. Like this one

http://research.stlouisfed.org/fred2/series/U6RATE

Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons

It shows steady progress since the Bush meltdown, but it also shows we are still 5% above where we were. If the media looked at this, I think we would be a lot more likely to put national attention on the employment problem as opposed to Ryan's Ayn Rand plans.

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March job numbers [View all] malaise Apr 2014 OP

you believe that ?...... unemplyment is 6.7% NM_Birder Apr 2014 #1

Why wouldn't one believe that. The "unemployment rate" is bogus BlueStreak Apr 2014 #2

That number gives a false sense of what is really happening NM_Birder Apr 2014 #6

The statistic is fine. The media obsesses of the WRONG statistics BlueStreak Apr 2014 #10

Well, NM_Birder Apr 2014 #11

The point is true unemployment is more like 12% and much higher in pockets BlueStreak Apr 2014 #12

The economy is improving. MoonRiver Apr 2014 #3

Agreed malaise Apr 2014 #4

Just changed my post from "recovery" to "economy," which was what I meant to say! MoonRiver Apr 2014 #5

Unemployment under 7% is great news. What will sufrommich Apr 2014 #7

That is good. treestar Apr 2014 #8

March Employment Report: 192,000 Jobs, 6.7% Unemployment Rate ProSense Apr 2014 #9