Statistics Of Unemployment – Who Genuinely is Unemployed?

Last week we were treated to some more unpleasant news – unemployment is now at 10.2%. Keep a couple of things in mind once you hear those statistics.

First of Statistics Of Unemployment, all governments and administrations prefer that the economic numbers published reflect positively on their actions and policies in order

that they desire that the statistics look good – or not as bad as they might be – or that they’re improving.

Second, this will accomplish through a variety of means.

One is to only lie. Let’s assume that’s not what’s happening. differently to urge better numbers is to regulate the way the statistics are calculate. that’s far more likely. Am I suggesting that the unemployment numbers are probably worse than what the official government statistics are reporting?

Yes. Keep in mind that just defining whether someone is workless or not is problematic. Quick quiz – which of those people should be consider as unemployed?

  • Sally graduated from college six years ago and has worked in accounting at a bank with increasing responsibilities ever since. The bank fails and she or he loses her job. Should she be considered unemployed?

  • Six months later Sally remains trying to find employment and moves back in together with her parents because she’s broke. should she  consider as unemployed?

  • One year after losing her job Sally gives abreast of a career in accounting and takes employment as a server at a restaurant.

Should she be considered unemployed?- Bob, an engineer, has been out of labor for 6 months and has been unsuccessfully trying to find employment in engineering. He has been staying home with the young kids as his wife pursues her career in financial management in order

that they can get obviate daycare expenses.  he is considered Statistics Of Unemployment?

Bob gives up trying to find employment and decides to remain home with the youngsters permanently. They cut their family expenses. Should he be consider unemployed?

Okay, perhaps that was a touch long but it does illustrate the matter.

Defining who is and who isn’t unemploy isn’t an easy proposition. And albeit it was, you’ve got the challenge of drawing a stratified sample since you can’t call everyone up

and see who’s employed and who isn’t. Therein lies one opportunity for “massaging” the statistics. Some economists like John Williams of  “Shadow Government Statistics” has made

a career out of scrutinizing government economic reporting. and methodology are convince that such numbers are calculate in a very different way now than they were in 1980, for instance.

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