Yea! We’re Back! With Stagnant Unemployment Numbers…

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Left-leaning Politico just reported the improvement in the jobs picture – the unemployment is holding at 8.3%.  Wow, it’s holding at a dismal 8.3% which, by the way, does not mesh with Gallup’s finding of 9% unemployment. Gallup does not report seasonally adjusted.

We added a paltry 227,000 jobs allegedly and the media is reporting it as if it were a good thing. We are, however, headed in the right direction at a snail’s pace for now.

Here follows the stunning results from the Department of Truth itself! Take a look at U-5 and U-6 which are the MORE REALISTIC numbers! By the way, the jobless recovery which is touted by the government is nothing more than a play on words. A recovery means jobs, anything else is pure semantics.

Table A-15. Alternative measures of labor underutilization

[Percent]

HOUSEHOLD DATA
Table A-15. Alternative measures of labor underutilization
Measure Not seasonally adjusted Seasonally adjusted
Feb.
2011
Jan.
2012
Feb.
2012
Feb.
2011
Oct.
2011
Nov.
2011
Dec.
2011
Jan.
2012
Feb.
2012
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 5.6 4.9 4.9 5.4 5.1 5.0 5.0 4.9 4.8
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force 6.0 5.4 5.1 5.4 5.1 4.9 4.9 4.7 4.7
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) 9.5 8.8 8.7 9.0 8.9 8.7 8.5 8.3 8.3
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers 10.1 9.4 9.3 9.6 9.5 9.3 9.1 8.9 8.9
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force 11.1 10.5 10.2 10.6 10.4 10.2 10.0 9.9 9.8
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force 16.7 16.2 15.6 15.9 16.0 15.6 15.2 15.1 14.9
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.
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