News

**LoP Guest** lop guest User ID: 96004 08-04-2012 02:47 AM

'Real' Unemployment Rate Shows Far More Jobless

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.

The government's most widely publicized unemployment rate measures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

For that count, the government releases a separate number called the "U-6," which provides a more complete tally of how many people really are out of work.

The numbers in some cases are startling.

Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Those numbers compare especially unfavorably to the national rate, high in itself at 14.9 percent though off its record peak of 17.2 percent in October 2009.

Only three states — Nebraska (9.1 percent), South Dakota (8.6 percent) and North Dakota (6.1 percent) — have U-6 rates under 10 percent, according to research from RBC Capital Markets.

Election battleground states paint a picture not much more flattering. Florida's U-6 number is an ugly 17 percent, though Pennsylvania and Ohio are both around 14 percent, below the national U-6 average.

The numbers come as the government prepares to release its latest reading, the July nonfarm payrolls number, on Friday. Economists expect the report show about 100,000 jobs created for the month and the traditional "U-3" rate to hold steady at 8.2 percent.

http://www.cnbc.com/id/48468748

**Mother Mary**

Some of us have been talking about the "real" unemployment rate for some time.

Five stars and a pin OP!

Heartflowers

**AC488** I got no balls User ID: 488 08-04-2012 02:53 AM

**LoP Guest** lop guest User ID: 42015 08-04-2012 02:58 AM

What happened to the Republican job creators?

That was the Republican's main theme for no new taxes and extending the Bush tax cuts for the rich.

Was that all lie?

**Pope Barbie Imaculata** · (This post was last modified: 08-04-2012 03:35 AM by Pope Barbie Imaculata.)

There is no choice in November to fix this. Obama and Romney are both avowed globalists. Until you can elect an outsider who puts average Americans interests above the interests of banks and corporations it will never change.

You will never do that at the ballot box. You must first oust the current owners of America.

**LoP Guest** lop guest User ID: 31037 08-04-2012 03:08 AM

Let's put this to bed. Bush has been out of office for quite some time now, they were the Bush tax cuts.

The tax cuts were signed into law by the President after they passed the House and Senate, run by Democrats.

These are Obama Tax cuts now. But we aren't talking about cuts but rather increases. So to be clear, this is not about tax cuts, rather a tax increase after an even greater increase in spending.

Where are the Republican job creators? They are being strangled by government red tape.

The better question is "where have the jobs gone?". Job loss is non-partisan.

**LoP Guest** lop guest User ID: 112239 08-04-2012 03:11 AM

barbsat Wrote:

There is no choice in November to fix this. Obama and Romney are both avowed globalists. Until you can elect an outsider who outs average Americans interests above the interests of banks and corporations it will never change.

You will never do that at the ballot box. You must first oust the current owners of America.

Agreed the citizens are not represented in DC, big business is.

**kittykat**

LoP Guest Wrote:

Let's put this to bed. Bush has been out of office for quite some time now, they were the Bush tax cuts.

The tax cuts were signed into law by the President after they passed the House and Senate, run by Democrats.

These are Obama Tax cuts now. But we aren't talking about cuts but rather increases. So to be clear, this is not about tax cuts, rather a tax increase after an even greater increase in spending.

Where are the Republican job creators? They are being strangled by government red tape.

The better question is "where have the jobs gone?". Job loss is non-partisan.

Thank you for clearing that up = and lets us NOT forget the grand RX scheme....

OBAMAS HEALTH CARE BILL TAX SCHEME!

**LoP Guest** lop guest User ID: 77720 08-04-2012 03:14 AM

ABO ,My God, Anyone But Obama, Anyone.

**LoP Guest** lop guest User ID: 110556 08-04-2012 03:20 AM

What's really odd is money is being pissed away like there's no tomorrow.

Debt is also being racked up like there's no tomorrow.

It's like the Federal Government found out it has a terminal disease, and said, "f*ck it, let's spend all the money and max out all the credit."

**Pope Barbie Imaculata**

LoP Guest Wrote:

What's really odd is money is being pissed away like there's no tomorrow.

Debt is also being racked up like there's no tomorrow.

It's like the Federal Government found out it has a terminal disease, and said, "f*ck it, let's spend all the money and max out all the credit."

If the worlds oil taps are all about to trickle to a halt would there be a tomorrow?

**Spread** · **Spread** More Washboard User ID: 112471 08-04-2012 03:38 AM **Posts: 11,723**

**LoP Guest** lop guest User ID: 46881 08-04-2012 03:49 AM

Spread Wrote:

link to image: http://imgupld.lunaticoutpost.com/graphi...1C7CB8.jpg

What does that even f*cking mean?

(I didn't take Ebonics 101)

**LoP Guest** lop guest User ID: 102152 08-04-2012 03:57 AM

Sadly that is what happens when you outsource jobs which is what has been happening for 30 years.

When you try to stimulate the economy that money immediately leaves to whatever countries you buy your goods from(China). Back in 80's when Ronald Reagan doubled the spending rate of the United States to stimulate the economy it worked because most of that money stayed within the US. The people that got more money spent it into the economy and and that money floated from person to person within the us buying us goods every step of the way. Now people buy shit from china-mart sending all the money to the peoples republic.

The only way out of it is to f*cking FORCE these companies to bring back jobs by systematically taxing the shit out of the goods from every country we have a trade deficit with. Including oil from the middle east.

**LoP Guest** lop guest User ID: 31715 08-04-2012 04:11 AM

You're not gonna like/accept this but America has basically outsourced an entire generation of blue collar jobs because it was cheaper to do so and the CEO favoring GOP you voted into office allowed it to happen. Because the white collar unemployment rate for those with collage degrees is half what the national average is.

http://blogs.wsj.com/economics/2012/05/0...ege-grads/