The Phaserl


Real Unemployment: 9.3%

by Michael W. Chapman, The Mirror:

Although the “unemployment rate” in the United States for November is 4.6% — a rate last reached 9 years ago in August 2007 – the “real unemployment” rate is much higher, more than double at 9.3% nationwide. 

Real unemployment, or the U-6 number, as calculated by the Bureau of Labor Statistics (BLS) includes “total unemployed, plus all marginally attached workers” and part-time workers age 16 and over.

As the BLS explains on its website, the “unemployment rate,” or U-3 number, “includes all jobless persons who are available to take a job and have actively sought work in the past four weeks.”

That “unemployment rate” does not include part-time workers, underemployed, and marginally attached workers, which is factored in to the U-6 (underutilization) number, the actual rate for total unemployed in the United States.

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3 comments to Real Unemployment: 9.3%

  • Craig Escaped Detroit

    Labor Participation Rate shows that more than 92 million working age Americans are not working.

    That makes the true “unemployment” at more than 25%. I’d say it’s more likely about 30%. We are in worse shape than the Great Depression of the 1930’s, and it’s gonna get a whole lot worse.

    In a related note, (unemployed people need to eat as cheaply as possible)… I was at the local “Dollar Tree” (you know, the one that really is just $1 each?) And yes, we ALL know that somethings are not a great price @ $1, but plenty of things ARE a good price at $1.

    They’ve got the 2 pound rice bags ($1), and I was surprised to see they also had the two pounds of BROWN RICE ($1). Yes, I know that brown rice goes “rancid” because it has an OIL content, but it is healthier and brown rice always costs MORE money in all the stores. (I buy the WHITE rice for long term storage).

    There are a lot of things I try to carefully buy from here or there. I just ordered (from Walmart web site), the 10 POUND bag of black CHIA SEEDS for $26.99 $ Free Shipping. (that’s about the best price I can find for this stuff, and when you read about Chia seeds, you may want to be planting some for your own garden.

    I also recommend you read about, and then buy & plant AMARANTH.

    Another plant for good stuff, is PURSLANE (it also has OMEGA 3 fatty acids, AKA “fish oil”) and MALIC ACID (do some reading about this vital thing, and you’ll see why it’s good to grow.)

    I’m gonna buy some tobacco seeds and get a small “patch” growing. (valuable barter item).
    Poppy seeds? Gotta make those muffins & bagels. Yummy. Hahaha.

    • JMiller

      “Labor Participation Rate shows that more than 92 million working age Americans are not working.”

      That is not surprising since many of those 92 million include retired persons, full-time high school and college students, people who stay at home to take care of children or elderly relatives and people out of the labor force because illness or disability. These people are not available or able to work full-time. These people make up the majority of the 95 million in the “Not in the Labor Force” category. Most of them are not unemployed workers as many mistakenly believe. This is a fact.

      The unemployment rate is no where near 25 percent as you think. To get the unemployment rate, you take the U-6 unemployment rate of 9.3% and add to it the approximately 5 million of long-term discouraged workers that are no longer counted as being unemployed by the government. So the unemployment rate is around 13% according to government data. It may be a little higher by a few percent but not much higher. If someone wants to believe it much higher then bring your evidence. But please do not include people who are disabled, retired, going to school full-time or the millions of stay-at-home moms who are taking care of small children as being unemployed workers who can’t find a job.

      And we are not currently in worse shape than the 1930’s Great Depression either. That is silly. Many places in the U.S. have seen a noticeable improvement in the labor markets since 2009. I lost my job at the end of 2009 so I know what the labor markets were like back then compared to today. They are considerable better in many places. There are 11 million more full-time jobs than there was at the depths of the great recession in 2009. And there are plenty of help wanted signs around in many areas. If someone wants to say that we are still in a recession since the GDP is around 0% and may be even little less according to ShadowStats, I am not arguing that. But something worse than the Great Depression currently? Not according to the labor markets.

  • Craig Escaped Detroit

    PS. I’ve said this before. Buy the pumper bottles of Hand Sanitizer, (at Dollar General they cost $1.50 and contain 70% ETHANOL (that’s the DRINKABLE-EDIBLE kind), and 70% means 140 proof.

    It can be good as barter for people who demand to get drunk, BUT, it also makes VERY good camping fuel for doing some cooking and NOT give off any dangerous fumes.

    One bottle should be enough to warm up about 4, 5 or perhaps 6 cans of food. (proper little stove made of sheet metal, wind break, etc. Watch YOUTUBE for all kinds of great ideas.

    In case you don’t know, the medical guidelines calls for at least 70% alcohol content to sanitize hands properly.

    Easy TIP for remembering WHICH alcohol is “EDIBLE” and which one is deadly?
    E= Ethanol= Edible. (OK)
    M= Methanol = Mortician, Mortally deadly. (BAD)
    I= Isopropyl = Idiot, SICK idiot. (BAD)

    Those camping & military solid fuel tablets for warming/cooking rations? etc?

    They work great, but they give off BAD, toxic fumes. SOME (Hexamine) give of CYANIDE fumes, etc etc.

    So you MUST be OUT of the house to use the military solid fuel tablets or bars.

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