Barons: Economists say Job Market Far Worse/Real Unemployment 9.4%

[Clinton Crusader]

Barons: Economists say Job Market Far Worse than Data Suggest, Real
Unemployment 9.4%

Barons: " rate is ... mathematical sleight of hand. he actual number may be closer to 6.4, 7.2 or 9.4%.

The reason the unemployment rate has stayed so low, these economists
argue, is not due to improvements in hiring trends. Instead, people are 'dropping out' of the labor force. early two million additional
unemployed people who are not showing up in the unemployment rate data. ISI Group's Tom Gallagher noted that 'if the participation rate was at the older, higher level, then the unemployment rate would be around 7.2%. Even using a 10-year average of participation rate yields a 6.4% unemployment rate.' If that sounds bad, consider what happens when we add the 'so-called marginally attached workers and part-timers who really want to be working full time.' Barron's Alan Abelson unemployment rate 9.4% 'we're now 9.3 million jobs below where we'd be in a 'normal' recovery.'"

subscribers only
http://online.barrons.com/article/SB109752791818742244.html

:kick:

[Karmadillo]

1. And this relates to lesbians and John Edwards' hair in what way?

n/t

[Catfight]

2. ROFLMAO....now THAT made me laugh Karmadillo!!!! n/t

[nothingshocksmeanymore]

5. Bwahahahaha!

[serryjw]

3. NOT to mention TEMP services......

I have goten paid for the last 1 1/2 years working on state petition, get and VOTE!. If it wasn't for the election I would have been homeless. I have no IT skills..I'm a sales person and there is NO JOBS in CO!

[oasis]

4. Barons won't even lie for the Chimp. I won't expect a large GOP turnout.

[leftofthedial]

6. unfortunately, this is the truth

Murkans don't want truth

they want pro rasslin

and if they are unemployed, they just have more time to watch TV

[PROGRESSIVE1]

7. The rate should be 1% higher than 5.4% which means it's really 6.4%.

LONG TERM Unemployment (those who are out of work and working marginally) is 9.5%!

So the economy is not so good Mr. Bush!

[zaj]

8. What does it mean "if the participation rate was at the older ... level"?

Is there a legit reason its not at that higher level? Is that a fair assumption to make? Does this mean that BushCo is lying to the public about the unemployment #s too? Or can they justify these lower numbers in some way?

[RaleighNCDUer]

9. It's obvious if you think about it.

The unemployment rate stays steady, but employment figures do not match or exceed the numbers of new workers joining the workforce each month. The only way that can happen is if people are dropping off the unemployment rolls

Property crime statistics are increasing. People at the lowest end of the spectrum, out of unemployment benefits, unable to beg or borrow any more, are turning to petty crime.

Corporate profits are up, productivity is high, inventories are increasing. To some economists that means a strong economy. But if people are unemployed, or underemployed, they will, eventually, stop buying. It makes sense that if people aren't buying, on-hand inventories will increase.

Home ownership is at an all time high. Is that in real numbers, or in percentages? It makes sense that real numbers of ownership will increase with increased population. As for percentages, a great many people have purchased because of extremely low mortgage rates, making it cheaper to buy than to rent, if they are only able to scrape up the down payments. When I first bought, back when I was married, we paid 20% down. Now they're asking for a much smaller down. Additionally, millions have refinanced in the last few years, giving them the cash to sustain themselves in the slowdown. But that just means that everyone is mortgaged to the hilt, and their equity is wiped out. One strong shock to the economy and it will collapse like a house of cards.

Kerry is inheriting a real mess.

[JohnnyCougar]

10. Let's hope the MSM Picks this up.

hehehe...yeah right.