Unemployment rates continue to drop in Bay Area
Original post made on Apr 21, 2013
Read the full story here Web Link posted Saturday, April 20, 2013, 8:57 AM
on Apr 21, 2013 at 12:02 pm
Unbelievable...these are not real numbers. The drop also includes the folks who gave up and left the job search pool and continue to collect unemployment benefits. Why do these stories continue to think readers are sheep and don't know the true facts?
on Apr 21, 2013 at 1:37 pm
Yes, it's the familiar lament of the out party, and hear the out-of-touch party. The unemployment numbers do not account for people who have exited the job market. Never have, never will, because people exiting the job market do so for myriad of reasons - health, age, to become stay-at-home parents. Unfortunately, "Truth" has no conception of truth, only that he doesn't like successes that are achieved under Dems watch. Must be a very churlish old man - living in Dem dominated Cali and under an African-American Dem president.
on Apr 21, 2013 at 4:23 pm
Kathleen Ruegsegger is a registered user.
Forbes: Web Link
Bureau of Labor Statistics for 2012, by state: Web Link
U1 U2 U3 U4 U5 U6
6.2 5.8 10.4 11.1 12.2 19.3
Definitions of measurements included:
U-1, persons unemployed 15 weeks or longer, as a percent of the civilian labor force;
U-2, job losers and persons who completed temporary jobs, as a percent of the civilian labor force;
U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);
U-4, total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;
U-5, total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers; and
U-6, total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
So Jim, skipping the nonsense about sides of the aisle and the color of, well, anyone, the fact is there is more than merely unemployed people and those people who may have chosen to stay home.