Posted On: 06/01/2016 7:27:30 PM
Post# of 65629
Thanks HOT:
“The Big Lie: 5.6% Unemployment.”
Clifton went on Fox News to explains:
“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.”
He gave 4 reasons why:
1. If someone has not looked for a job in the last 4 weeks, they are not included.
2. If someone has worked at least one hour and are paid at least $20 for it, they are not included.
3. If someone works a part-time job, regardless if it is dramatic under-employment with regards to education or past-work history, they are not included.
4. Only 44% of adults are actually working, which Gallup defines as thirty or more hours a week.
He concluded:
“I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth — the percent of Americans in good jobs; jobs that are full time and real — then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.”
Is Obama misleading us?
“The Big Lie: 5.6% Unemployment.”
Clifton went on Fox News to explains:
“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.”
He gave 4 reasons why:
1. If someone has not looked for a job in the last 4 weeks, they are not included.
2. If someone has worked at least one hour and are paid at least $20 for it, they are not included.
3. If someone works a part-time job, regardless if it is dramatic under-employment with regards to education or past-work history, they are not included.
4. Only 44% of adults are actually working, which Gallup defines as thirty or more hours a week.
He concluded:
“I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth — the percent of Americans in good jobs; jobs that are full time and real — then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.”
Is Obama misleading us?
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