https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm JADELottery's Blog: Here's the problem with Unemployment Rate. en-us Lottery Post RSS Generator https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96363 https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96363 Fri, 05 Oct 2012 17:31:40 GMT CARBOB They have to do something after the fiasco Wednesday night. I was listening to Herman Cain this morning on Neal Boortz show. He expects the same type of results from Obama in the next debate, about foreign policy. Obama doesn't have the answers. He has the young college kids fooled badly!!!

]]> CARBOB https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96360 https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96360 Fri, 05 Oct 2012 16:21:20 GMT JADELottery <br />Our best estimate is 0.08%.<br /><br />Yep 0.08%, now does that equal 0.3%.<br /><br />If it's government math, maybe.

]]> JADELottery https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96359 https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm#c96359 Fri, 05 Oct 2012 16:17:46 GMT CARBOB Because they "cooked" the numbers, Doug!!!

]]> CARBOB https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm https://blogs.lotterypost.com/jadelottery/2012/10/heres-the-problem-with-unemployment-rate.htm Fri, 05 Oct 2012 16:10:19 GMT JADELottery If unemployment goes down, we should see employment go up by that same percentage.

So, if the unemployment rate went down 0.3% the employment rate should have gone up by 0.3%.

That equates to about 450,000 new jobs.

But wait, that's not what happened.

There were only 114,000 new jobs.

Where are the other 336,000?

Well, the government is good at telling you only part of the story, if at all.

The rate that is promoted by the government is the U-3 measure.

There is another measure that is a much wider view of Unemployment.

The U-6 rate, it's the U-3 rate plus more unemployed than you see in the media.

The U-6 rate did not change from Aug to Sept; it's at 14.7%.

Now, keep in mind, the U-6 rate is the sum of U-3 and more other unemployed.

So, if there are no more other unemployed being added and the U-3 value goes down, then the total sum or U-6 value should go down.

But, that's not what happened.

This tells me the numbers in the U-3 value moved to the more other unemployed value.

Simply put, the decrease in the U-3 value did not translate in to more Employed, and it shows.

If there were more people being employed, we should have seen the Employment numbers go Up Much More than just 114,000.

You should also notice they never express the Employment Rate as a percentage.

Why? Because you could instantly see there is a Mismatch between the Unemployment Rate Going Down with the Employment Rate Going Up, or Up not enough.

... [ More ]

]]> Blog Entry JADELottery https://www.lotterypost.com/blogentry/71409