XPost: alt.fan.rush-limbaugh, can.politics, alt.politics.liberalism
XPost: alt.politics.democrats, alt.politics.usa.republican

Unemployment Statistics Are Misleading. Economic Hardship Is Much Worse

Analysis: Headlines Still Say The Job Market Is Strong, But It's Not True.

Is The Us Labor Market As "Healthy" As The Headlines Say? Not If You're Looking At Real Lives

What Official Figures Tell Us (And What They Don't)

Let's start with the misconceptions. An unemployment rate of 3.7% does not mean that 96.3% of people in the US are gainfully employed.

Nor does the official unemployment rate represent how many people are collecting federal unemployment insurance. A large percentage of people without jobs aren't even eligible to collect unemployment, such as independent contractors, as well as employees who quit voluntarily or were fired for cause. And a lot of workers who do qualify for jobless benefits remain without work long after their aid runs out, which is usually around 26 weeks.

The BLS' unemployment data comes from the Census Bureau's Current Population Survey, which interviews about 60,000 eligible households each month. For the main BLS figure, called the U-3, the number of unemployed people is recorded as a percentage of the civilian labor force. Individuals are classified as unemployed if (and only if) they meet the following criteria: They must be currently available to work and must have looked for a job in the last four weeks.

That means that someone without a job who is not "actively" seeking work -- whether due to pessimism, family obligations or multiple other reasons -- is considered outside of the labor force and excluded from the U-3 figure.

"If you have an extremely low unemployment rate because you've got a whole bunch of people who don't think they'll be able to find jobs, that's not a healthy labor market. That's a discouraged labor market," said Ryan Luby, a researcher with the McKinsey American Opportunity Survey.

In addition, nearly 40% of the US population isn't counted as part of the US labor force at all, including workers with disabilities, students, retirees, active-duty military members, stay-at-home caregivers, and people who are institutionalized or incarcerated.

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Yeah... BIDEN made the unemployment CLAIMS go down. Riiiiight. This man can't find his own dick, let alone DO something about unemployment.

Truinnerashuvaduprezure!

https://i.imgur.com/vtb7SuM.mp4

https://youtu.be/Slm5bvO-_5I

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Joe Bidden Completely Forgets What He's Talking About In Excruciating Press Conference
https://youtu.be/SdfvIvYPPRo?t=32

Joe Biden Gets Completely LOST in Middle of a Story https://rumble.com/vgbxnh-joe-biden-gets-completely-lost-in-middle-of-a- story.html?mref=22lbp&mc=56yab


Biden tries to explain the Covid bill. This moron is President? Wow. https://twitter.com/i/status/1368292670372683776


Biden's Dementia Flares Up, Has Complete Mental Short-Circuit During Speech https://rumble.com/ve8jlz-biden-briefly-malfunctions-again.html


Out-Performed Every Presidential Challenger In US History? https://twitter.com/i/status/1364024001736155144


Joe Biden: You Just Wonder
https://youtu.be/Uj0ccJgJsPA


Joe Biden Fumbles Through Speech
https://youtu.be/0xwoaagXFyU


Joe Biden Embarrassingly Delivers his WORST Speech while 'President Elect' https://youtu.be/oHI__YneMuE


Barely There Biden Makes No Sense
https://www.youtube.com/watch?v=YxxAyHgBiNU


Joe Biden Stumbles, Makes No Sense
https://youtu.be/X1byHpkSmYc


Joe Biden Makes No Sense, Forgets When The 1918 Flu Pandemic Occurred https://youtu.be/vt7WPjsYl44


Joe Biden making Zer0 sense
https://www.youtube.com/watch?v=VYch-1fRhiE


Joe Biden Told Voters To "Go To" A Phone Number. Now, He Still Makes Zero Sense!
https://www.youtube.com/watch?v=qg4OUk0qyWM

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