Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Obama’s Unemployment Lies

October 22, 2012 by  

Obama’s Unemployment Lies
PHOTOS.COM

President Barack Obama has been lauding the latest unemployment numbers during campaign speeches and debates in recent weeks as a sign of a turnaround aided by the policies of his Administration, but a closer look — as many conservatives have pointed out — reveals a dismal employment outlook.

Only about four out of 10 Americans currently have a job. And though the Labor Department’s most recent numbers indicate a drop from 9 percent in September of last year to 7.8 percent this September, the falling unemployment numbers are due largely to the way the Labor Department defines what it means to be an unemployed American looking for work.

The government assumes that about 5 percent of the American population is actively seeking employment — thus, unemployed — and another 3 percent are looking for work but have yet to apply for jobs. Combining the two figures gives the Labor Department its lofty 7.8 percent.

Currently, 23 million people are out of work or unemployed but actually looking for work. Add to that what the government subtracts as “discouraged workers,” and the numbers are much more frightening: 33 percent of Americans are not only unemployed but also don’t want a job. This is based on the ratio of employment to population, which gives a better picture of how many Americans believe it is beneficial to work rather than survive on the government dole.

At present, the employment-to-population ratio indicates that 58.7 percent of Americans are working, but a staggering 82 million are looking for work or are unemployed and don’t want work. That would put real population-based unemployment at a staggering 41 percent overall.

“The employment-to-population ratio is the best measure of labor market conditions and it currently shows that there has been almost no improvement whatsoever over the past three years,” Paul Ashworth, chief North American economist for Capital Economics, writes in a note to clients obtained by CNN.

The reason so many unemployed Americans fall into the “discouraged worker” category is a direct consequence of the government’s constant expansion of social welfare programs even in the face of a crippling National debt crisis. Recent numbers show that around 47 million people in the United States rely on food stamps and do so for longer periods of time than ever.

In a recent address to Americans, former Presidential contender Ron Paul lamented: “Not all of the unemployed are counted in the BLS unemployment numbers.  This is no secret.  In 1994 government statisticians came up with the term ‘discouraged worker’ to remove entire swaths of people from the unemployment statistic.  Now all the government has to do to improve the unemployment numbers is discourage people from looking for a job.”

Paul cited in his address a lesser unemployment rate of about 22.8 percent from Shadow Government Statistics that, while not based on the employment-to-population ratio, uses a more economically conservative methodology to reach a lesser but still dismal unemployment rate.

 

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Obama’s Unemployment Lies”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.