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Author Topic: Unemplyment U.S. Unemployment really 59 percent  (Read 1866 times)

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Offline RomanCatholic1953

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Unemplyment U.S. Unemployment really 59 percent
« on: May 08, 2014, 08:19:47 PM »
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  • Offline Dolores

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #1 on: May 09, 2014, 10:16:23 AM »
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  • This is nonsense.  You cannot count people who are out of the labor force as "unemployed."  If you did, then children, college students, housewives, and retirees are counted as "unemployed," which is an obvious distortion of the figure.

    The 92 million figure the person in the video uses includes the total American population that is out of the workforce, which includes the groups I mentioned above.  It is an obvious distortion.

    I'm not saying that the unemployment figure that government gives us tells the whole picture, but resorting to blatant distortions like this video isn't any better.


    Offline RomanCatholic1953

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #2 on: May 09, 2014, 06:26:38 PM »
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  • Quote from: Dolores
    This is nonsense.  You cannot count people who are out of the labor force as "unemployed."  If you did, then children, college students, housewives, and retirees are counted as "unemployed," which is an obvious distortion of the figure.

    The 92 million figure the person in the video uses includes the total American population that is out of the workforce, which includes the groups I mentioned above.  It is an obvious distortion.

    I'm not saying that the unemployment figure that government gives us tells the whole picture, but resorting to blatant distortions like this video isn't any better.


    I agree with John Williams of shadowstats.com that the true unemployment
    figures are 25%  That would be about the same figures for the Great
    Depression of the 1930's.
    At that time, there was no unemployment insurance. You had to rely
    on family and churches.
    It took the advent of WW2 to turn things around.
    However in the video she mentioned that people whom are looking for
    work, and want to work cannot find work, and that figure is very
    high.  They have run out of unemployment insurance, and therefore are
    not counted.
    The latest figures released at 6.7% unemployment figure we must agree  are bogus.

    Offline Dolores

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #3 on: May 10, 2014, 06:26:31 PM »
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  • Quote from: RomanCatholic1953
    Quote from: Dolores
    This is nonsense.  You cannot count people who are out of the labor force as "unemployed."  If you did, then children, college students, housewives, and retirees are counted as "unemployed," which is an obvious distortion of the figure.

    The 92 million figure the person in the video uses includes the total American population that is out of the workforce, which includes the groups I mentioned above.  It is an obvious distortion.

    I'm not saying that the unemployment figure that government gives us tells the whole picture, but resorting to blatant distortions like this video isn't any better.


    I agree with John Williams of shadowstats.com that the true unemployment
    figures are 25%  That would be about the same figures for the Great
    Depression of the 1930's.
    At that time, there was no unemployment insurance. You had to rely
    on family and churches.
    It took the advent of WW2 to turn things around.


    "True" unemployment is undoubtedly higher that the 6.7% figure, but it is nowhere near 59%.  I also strongly doubt it is near 25%.

    Quote from: RomanCatholic1953
    However in the video she mentioned that people whom are looking for
    work, and want to work cannot find work, and that figure is very
    high.  They have run out of unemployment insurance, and therefore are
    not counted.
    The latest figures released at 6.7% unemployment figure we must agree  are bogus.


    This is NOT correct.  The unemployment rate has nothing whatsoever to do with the number of people receiving unemployment benefits.  The rate is calculated by dividing the estimated number of people who are in the labor force but without job by the total estimated labor force.

    The problem with this method is that people who would otherwise be counted, but are without a job and have stopped looking for one, are not counted as in the labor force, and thus don't count as "unemployed."  It's a difficult problem, because you cannot start counting people outside the labor force, as I mentioned above, because you get children, students, housewives, and retirees, who are clearly not meant to be counted as "unemployed."



    Offline RomanCatholic1953

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #4 on: May 11, 2014, 08:25:15 AM »
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  • Unless you are an economist, and knows what you are talking about.
    I respectfully disagree with your conclusions.
    Most new jobs are not even full time, but are part time to avoid in
    paying into Obamacare.
    When they come down sick or have an accident, they are just
    replaced.
    Most new jobs are not going to native born American Citizens, but
    to legal, and illegal immigrants.
    Big business wants to keep the cost of wages down, and create
    a slave state where profits and the dividends goes to the shareholders.
    The reason they get away with it is because Liberals are agenda
    orientated, not truth orientated. To the Liberals it is power and
    political control that counts, even to lie using the media in which
    they control.
    Today's Conservatives are the radical liberals of the 1960's.

    I was not the one that thumb you down.   You have a right to
    your conclusions, in which I respectfully disagree. And gave
    good reasons.


    Offline Dolores

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #5 on: May 12, 2014, 12:47:27 PM »
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  • Quote from: RomanCatholic1953
    Unless you are an economist, and knows what you are talking about.
    I respectfully disagree with your conclusions.


    It depends on what you mean by "conclusions."  If you mean my estimate on what the "true" unemployment rate is, fine.  I admit, I am simply guessing.  But, of course, so is any economist, because there are no figures to calculate the "true" unemployment.

    If, however, you refuse to acknowledge what I say about how the "official" unemployment rate is calculated because I am not a trained economist, that is just foolish.  It doesn't take a trained economist to figure that out, it just takes some basic reading skills.

    I do find it curious, however, that you are prepared to take the word of someone one YouTube, who doesn't appear to be an economist, but then reject what I have to say out of hand because I am not an economist.

    Quote from: RomanCatholic1953
    Most new jobs are not even full time, but are part time to avoid in
    paying into Obamacare.
    When they come down sick or have an accident, they are just
    replaced.


    Very true.  It definitely hurts the average worker.  However, even if one only has a part-time job, I think it is quite obvious that they shouldn't be counted as "unemployed," because they are not.  Perhaps a statistic regarding underemployment should be formulated.

    Quote from: RomanCatholic1953
    Most new jobs are not going to native born American Citizens, but
    to legal, and illegal immigrants.


    I don't know whether that is true or not.  I am simply not familiar enough with the topic.  However, illegal immigrants have families to feed just the same as Americans, so this type of argument doesn't sway me very much.

    Quote from: RomanCatholic1953
    Big business wants to keep the cost of wages down, and create
    a slave state where profits and the dividends goes to the shareholders.
    The reason they get away with it is because Liberals are agenda
    orientated, not truth orientated. To the Liberals it is power and
    political control that counts, even to lie using the media in which
    they control.
    Today's Conservatives are the radical liberals of the 1960's.


    This is nothing new, and it has nothing whatsoever to do with today's liberals.  When corporations were first created, during the early colonial era, their sole goal was to supply profit to the crown (e.g. Dutch East India Company, Hudson Bay Company, British East India Company, etc.).  Over time, the corporate model changed so that its sole goal was to provide profit to the shareholders.  Corporations do not, and have never, existed for the benefit of the workers.

    Quote from: RomanCatholic1953
    I was not the one that thumb you down. You have a right to
    your conclusions, in which I respectfully disagree. And gave
    good reasons.


    I don't particularly care about up or down thumbs, but thanks for your honesty.  I must say, though, you haven't given "good reasons" on why you disagree with me.  The video you posted is absolute nonsense, because the person who made it has no idea how the unemployment rate is calculated.

    Offline RomanCatholic1953

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    Unemplyment U.S. Unemployment really 59 percent
    « Reply #6 on: May 15, 2014, 12:59:47 AM »
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  • Here is my reply. I will not let this go.

    http://www.wnd.com/2013/01/heres-the-real-unemployment-rate/#BOfrbIrVIB7H02Bl.99

    argue with these facts.