The Unemployment Numbers Game

Let me illustrate how the unemployment number is fabricated:

1) Let us assume an available work force of 150 million;

2) Let us then assume that 15 million workers are looking for work and, in the meantime, are drawing their unemploymen benefits; the other 135 million are working;

3) That would give us an unemployment figure of 15 divided by 150, or 10%;

4) Now let us assume that 5 million unemployed have exhausted their unemployment benefits, thus disappearing from the number of available workforce;

5) The available work force therefore is now only 145 million, with no change in new hiring; the same number of workers who are working is still 135 million;

6) Now calculated the new unemployment rate, as follows: 10 million divided by 145 million equal 6.9%.

And so – hokus/pokus – we end up with a totally manufactured unemployment number!

A criminal procedure that should be prosecuted by the Congress with impeachment in sight.

Thoughtsjustoffcenter: A thank you to Marc Jeric who posted this above reply on February 08, 2012, 11:56 AM, on Conservativebyte.com, in reply to the article "A Closer Look at the Jan. Jobless Numbers: Are They ‘Being Made Up?" You can find the actual numbers at "Table A-15" in the report.

Here is the link : http:'//www.bls.gov/news.release/empsit.t15htm, just click on it an view it for yourself.