I want you all to comprehend this simple tidbit. Our U.S. unemployment rate cannot possibly be 6.1 percent. The only way it can be reported as such is by ignoring those no longer participating in the workforce.
As reported by CNS News, “A record 92,269,000 Americans ages sixteen and older, did not participate in the labor force in August. The labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.”
You see, this is what happens when we have a progressive socialist media reporting only half truths favorable to Obama. What Americans hear and see is that the unemployment rate in America is 6.1 percent. But what they do not realize is that when you force more people out of the workforce, you have a different pool for making the calculations.
Here is the case for analysis. As CNS Reports, “the Bureau of Labor Statistics (BLS) employment statistics are based on the civilian non-institutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home. In August, the civilian non-institutional population was 248,229,000 according to BLS. Of the 248,229,000 people only 155,959,000—or 62.8 percent – actually participated in the labor force. This means they either had a job or have actively sought one in the last four weeks. “
“The 92,269,000 people who did not participate in the labor force, are those in the civilian non-institutional population who did not have a job or actively seek one in the last four weeks. Therefore, if they did not seek a job, they do not count as “unemployed.”
Here is the math, per CNS. “Of the 155,959,000 people who did participate in the labor force, 146,368,000 of those people had a job. 9,591,000 people did not have a job but actively sought one. Those 9,591,000 people are the unemployed. They equaled 6.1 percent of the labor force—or an unemployment rate of 6.1 percent.”
Folks, imagine if that 92,269,000 number were classified as “unemployed?” Yep, that’s why the real unemployment rate in America is closer to 12 percent. Can you imagine the ramifications for the Obama administration if that was the truth reported to the American people?
Another example of politicized math is when Obama touts he has “cut the deficit in half.” This is a promise that was supposed to happen at the end of his first term – nah. In Obama’s first term deficits were $1.4 trillion, $1.29 trillion, $1.3 trillion, and $1.08 trillion. When you explode the deficit to record highs, and it begins coming down to $700 billion, it seems great. While that’s still high, it has been cut in half – but not in Obama’s first term.
Why continue to occupy the la-la-land of high Dow Jones Industrial average numbers reflecting the results of “quantitative easing?” The folks on Main Street know it’s not going well. Be wary of the Orwellian manipulation of economic numbers, because as long as Obama is in the White House – you’re not going to get the truth from the media.