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Real Unemployment Rises to 16.2% in June -- 25.3 Million People

 
Anonymous Coward
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07/09/2011 01:33 PM
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Real Unemployment Rises to 16.2% in June -- 25.3 Million People
(CNSNews.com) – The real unemployment rate rose to 16.2 percent in June, the Bureau of Labor Statistics (BLS) reported on Friday, marking a return to levels not seen since January 2011.

The “real” unemployment rate is technically a combination of three measures of unemployment: the unemployment rate, the number of people working part-time who want full-time work, and the number of people “marginally attached” to the workforce

[link to www.cnsnews.com]
Anonymous Coward (OP)
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07/09/2011 01:35 PM
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Re: Real Unemployment Rises to 16.2% in June -- 25.3 Million People
Those who have left the workforce but would still like to be employed are considered marginally attached.

This figure is considered a more complete measure of unemployment because it captures a broader spectrum of those affected by the weak economy. Merely counting those who apply for unemployment benefits as “unemployed” does not fully account for everyone who is out of work or underemployed.
Anonymous Coward
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07/09/2011 01:40 PM
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Re: Real Unemployment Rises to 16.2% in June -- 25.3 Million People
How the real unemployment figures work is this...

Over two years ago the economy sheds 500k jobs per month.

After unemployment exhausted for probably half or more of these after two years they are no longer part of the workforce.

So, right now, Obama has 250k+ workers being removed from the "workforce" per month. The official numbers are still going up because we need like 300k jobs/month to keep up with population growth and their incompetent admin can't manage 1/3 of that after 3 years.
Anonymous Coward
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07/09/2011 01:45 PM
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Re: Real Unemployment Rises to 16.2% in June -- 25.3 Million People
Yet there will still be neocons and lefties who will defend illegal immigration and outsourcing.
Anonymous Coward (OP)
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07/09/2011 02:03 PM
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Re: Real Unemployment Rises to 16.2% in June -- 25.3 Million People
Yet there will still be neocons and lefties who will defend illegal immigration and outsourcing.
 Quoting: Anonymous Coward 1461180


yep...agreed...these two things need to be tackled right away....deport the Illegals and put a stop to the outsourcing, or at least fine their asses big if they wish to operate outside this country...not give them tax breaks and incentives to do so!

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