Unemployment 2011 by the Numbers

Clearly the Obama administration wants Americans to perceive that he is working tirelessly to bring down unemployment, so much so to the extend of manipulating numbers. Most people do not bother to actually review the BLS weekly or month labor reports, therefore they are clueless as to the extent of the REAL UNEMPLOYMENT or the fact that for the month of November 2011, the administration did not even count 2.6 MILLION unemployed because they simply fell off the unemployment roles.

In November [2011] the number of job losers and person who completed temporary jobs declined by 432,000 to 7.6 MILLION. The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.7 million and accounted for 43% of the unemployed.

In November [2011], 2.6 million were marginally attached to the labor force, about the same as 2010. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were NOT counted as unemployed because the had not searched for work in the 4 weeks preceding the survey.

Most also do not know that the unemployment number they put forth each week is based on how many NEW Unemployment claims are provided. It does NOT take in to account the amount of people who no longer qualify for unemployment benefits, have given up looking for work or are UNDEREMPLOYED!

Remember, each week the numbers put out are ADVANCED numbers, which are ALWAYS revised UPWARDS the following week. Take the 3rd week of December 2011- the administration came out and stated that unemployment had dropped to 364,000 only to come back the following week to revise the unemployment to show an INCREASE of 15,000 newly unemployed for an UPWARD revised number of 381,000.

I mean, how do you MISCOUNT 15,000 people??? I can see 10 or 20, but 15,000?

So, let’s take a look at the latest report out dated January 5, 2012:

The advance number of actual initial claims under state programs, unadjusted, totaled 535,112 in the week ending December 31, an increase of 37,423 from the previous week.

The advance unadjusted insured unemployment rate was 3.0 percent during the week ending December 24, an increase of 0.1 percentage point from the prior week’s unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,764,364, an increase of 150,906 from the preceding week.

IF people would bother to even read the actual reports as I put forth the section for 01/05/12………they would view the FACT that there is an actual INCREASE in the NEW unemployed as well as the 43% that have been unemployed for well over a year now!!!

Whether the US has a booming economy or one in the tank, the NEWLY UNEMPLOYED that are used to base unemployment numbers on ALWAYS decreases from November – January and then increase months after the New Year. Couple this with Congress approving a 99 week extension of unemployment benefits; those 2.6 million they were not counting for November and December will fall back onto the unemployment roles along with all of the holiday temporary work expiring!

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