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Unemployment numbers
BLS continues to seriously under report job loss. I just don't get it. After being caught manipulating job loss numbers in 2008 which resulted in a 824,000 person adjustment to unemployment numbers this month, they still haven't corrected their birth/death models.
As of January, over 11.5 million people are collecting some form of unemployment insurance benefit, up 27.8%, from the 9.0 million reported in November. Let's pause for a moment.
Does anyone know the the actual size of our American workforce? 140 million.
As of January.... 8% of our entire workforce was actually receiving an unemployment insurance check. Estimates on what percentage of out of work folks who are actually qualified to receive these benefits vary. Here in Florida only 33% of people who've lost their jobs are eligible for unemployment insurance, as the rest were 1099 employees or self employed. Yet BLS insists that our unemployment rate dropped to 9.7% and that the job market is improving?
I think I want BLS to do my taxes this year... I figure if they do it, my tax bill ought to decrease to below zero.
And to think .... we all pay for this 'data'.
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Tropic Cat
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Last edited by TropicCat; 02-08-2010 at 06:18 AM.
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