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Thread: Bernie Sanders: Real Unemployment Rate is 10.5%

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    Bernie Sanders: Real Unemployment Rate is 10.5%

    Presidential candidate and self-identified socialist Senator Bernie Sanders (I., Vt.) expressed his concern over Americans who have dropped out of the labor force, saying “real unemployment is 10.5 percent,” at a presidential campaign rally in Portland, Maine, the Daily Caller reported.

    “When you talk about the economy, we also have to have an honest assessment of unemployment in America,” said the senator. “Once a month the government publishes a set of figures, and the last figures they published said that official unemployment was 5.4 percent.”

    http://freebeacon.com/politics/berni...-rate-is-10-5/

    Ouch, that just might leave a mark. Reckon the MSM will spent much time if any reporting this slap at Obama ??
    It's ok if you disagree with me. I can't force you to be right.

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    McCool (07-09-2015)

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    YES or NO Hanger

    ... are we or are we not using the exact same Math to measure, evaluate and report Unemployment as all the previous Administrations?

    This should be classic

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    It's probably higher.

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    Can't answer the question

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    Quote Originally Posted by Cigar View Post
    YES or NO Hanger

    ... are we or are we not using the exact same Math to measure, evaluate and report Unemployment as all the previous Administrations?

    This should be classic
    Sure they have, and they've been wrong.

    Your hero Bernie just called Obama out for bally-hooing numbers that don't tell the whole truth.
    What are you to do ??
    Actually I already know the answer.
    It's ok if you disagree with me. I can't force you to be right.

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    Unemployment is measured by 6 measures. U 1, U 2, U, 3, U 4, U 5, U 6.

    Study.

    Measure Not seasonally adjusted Seasonally adjusted
    June
    2014
    May
    2015
    June
    2015
    June
    2014
    Feb.
    2015
    Mar.
    2015
    Apr.
    2015
    May
    2015
    June
    2015
    U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 2.8 2.4 2.1 2.9 2.6 2.4 2.3 2.4 2.2
    U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force 3.0 2.5 2.5 3.1 2.7 2.7 2.6 2.7 2.6
    U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) 6.3 5.3 5.5 6.1 5.5 5.5 5.4 5.5 5.3
    U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers 6.7 5.6 5.8 6.5 6.0 5.9 5.9 5.8 5.7
    U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force 7.5 6.4 6.6 7.3 6.8 6.7 6.7 6.6 6.4
    U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force 12.4 10.4 10.8 12.0 11.0 10.9 10.8 10.8 10.5
    NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.
    Alea iacta est

    Check out the blog.


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    Quote Originally Posted by hanger4 View Post
    Presidential candidate and self-identified socialist Senator Bernie Sanders (I., Vt.) expressed his concern over Americans who have dropped out of the labor force, saying “real unemployment is 10.5 percent,” at a presidential campaign rally in Portland, Maine, the Daily Caller reported.

    “When you talk about the economy, we also have to have an honest assessment of unemployment in America,” said the senator. “Once a month the government publishes a set of figures, and the last figures they published said that official unemployment was 5.4 percent.”

    http://freebeacon.com/politics/berni...-rate-is-10-5/

    Ouch, that just might leave a mark. Reckon the MSM will spent much time if any reporting this slap at Obama ??
    Step One: Deny


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    Quote Originally Posted by Cigar View Post
    Can't answer the question
    I can't answer the question because I don't know.

    But never mind ancient history.

    the real unemployment rate is not good under obumer and that is all I care about.

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    Obama is using the same math and the Bush administration, I don't know if others used the same or not?

    All Democrats know very well that the reason that unemployment is 5.6% is because the worker participations rate has dropped to levels not seen since the 1970's

    Mr. Sanders is correct the real unemployment rate is 10 to 11% This is something that the people already know but it will not be helpful to the Democrats.

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    Quote Originally Posted by Mac-7 View Post
    I can't answer the question because I don't know.

    But never mind ancient history.

    the real unemployment rate is not good under obumer and that is all I care about.
    Look at the bottom of the last column on the chart in post 6. Now you can explain it.

    The number is the same as cited in the OP.
    Alea iacta est

    Check out the blog.


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