Truth About Unemployment

What are the real numbers concerning unemployment? Is unemployment really around 7.6% March 2013. There is a woman going around to seniors trying to get them on food stamps, for some of them, after many years of hard work and saving for retirement they are losing money because of inflation and more taxes.

How does the government measure unemployment? Visit this site to find out

Under “Who is Counted as Employed” it deals with people that have a job but not working at the time because they are on vacation, sick, etc.

Under “Who is unemployed” it states, “Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Actively looking for work may consist of any of the following activities:”

It brings down interviews, employment agencies, (and I really like this one) contacting friends and relatives, etc.

There are those that are considered “Not in the Labor Force”. This deals with people who haven’t looked for a job, prior job searches and availability to work. Two of the four questions are actually wanting a job and if someone looked for a job in the past 12 months. What these four questions determine is if someone is “marginally attached to the labor force”. To be considered “marginally attached to the labor force” people must want to work, have looked for work in the past twelve months unless they worked in the past twelve months, and be ready to start work. The “marginally attached to the labor force” group is NOT considered unemployed. So how easy would it be to abuse that? How many are considered “marginally attached to the labor force” and not even looking?

Again to be considered unemployed, you must be looking for a job. Once you stop looking you are no longer unemployed according to the government.

Still think the unemployment rate is even close to 7.6%?

Published in: on April 27, 2013 at 1:53 pm  Leave a Comment