Saturday, November 7, 2015
Impossible to say how many Americans really are jobless
RICHARD L. (BUD) PHILLIS made these points in an October 31 letter published in the Dispatch/Argus. "A recent op-ed discussed Social Security and some other items from the 1930s. Mentioned was the high rate of unemployment. In 1933 the unemployment rate was listed as 24.5 percent. Now let's look at the recent unemployment numbers. ..... Any statistic released from a Washington agency needs to be examined in some depth in order to understand it. Generally the numbers are reported in such a way to make the administration appear that their policies are working. ..... Unemployment is reported to be just over 5 percent. A few months ago job losses were greater than job creation. Along with this the unemployment rate went down. How does that make any sense? ..... The actual current rate of unemployment is not easy to find. One finds percentages but not real numbers. Not included are the 90 plus million who have stopped looking for a job. .....Also the able-bodied people some of whom are on government subsidies of some sort are not included. If all those were included the rate would be much more than is reported, who knows what it would be. ..... The Obama administration wants the lowest number that it can conjure up in an attempt to convince the general public that the recession is over, which some facts seem to question."