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I don’t Get the Unemployment Rate at 7.7%

What is the real unemployment rate?

I keep hearing that the unemployment rate in this country is getting better. This is what I don’t understand, there were 146,000 people that got jobs for the month and yet 300,000 folks left the job market. Someone needs to explain to me how this is an improvement.

The spin with these numbers are such a farce. I hate to tell you, but the employment numbers in this country are not getting any better, if anything worse.

Unemployment in U.S. Falls to 7.7 Percent

By: Patrice Hill

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Bill December 14, 2012 at 03:43 PM
Just imagine how much more you could contribute to the economy, your family, your charity of choice (I prefer the Salvation Army myself) if the government was taking even 30% less of that instead of giving it to Solyndra, the first five, free cell phones and abortions etc ad nauseum. If you think it's all the "rich mans fault" you've allowed yourself to be bamboozled by big brother. Apple computers doesn't take 30% out of MY paycheck every week.
Bill December 14, 2012 at 03:43 PM
Wow, Karma, I posted one sentence and you used that to pigeon hole me, define me, and even determine what political party I belong to. Impressive. No, I don't believe the poor are poor because the rich are rich or vice versa. Most businessmen have nothing to gain by keeping anyone poor, even if they could. If you own a company that produces goods or services that others consume, you make more profit if there are more people who can afford your product, a simple economic truth you seem to have missed. Apple computers didn't become a multimillion dollar concern by keeping people poor. And they didn't force anyone to buy their products either. Steve Jobs became a gazillionaire because people willingly gave him their dollars in return for a product. And since most people trade up, ie they don't give someone a dollar in return for $.50 worth of product, they benefited by doing so. If you want to rail against someone for keeping the poor poor, rail at the tax and spend government that keeps sucking money out of the economy with no benefit to the economy. It's not a zero sum equation, there is no limit to wealth, its not a limited commodity, the only thing limiting it is that in places like CT, you work for 5 months out of the year with all your income going to the government, local state and federal.
gerald gergler December 18, 2012 at 02:10 PM
forget the numbers do you want to work or not i prefer to . lower the taxes for those who create jobs and tax the snobs . we all know who they are. the gov. can audit every dime you and i make let the folks who earn $250000 alone as long as they are supporting our economy mabey creating a few jobs instead of living in there own nest egg
serenitysdad December 23, 2012 at 05:33 PM
Joe, you are absolutely right. As my good friend, Bill, who taught me Quality Assurance/statistics in college, "figures lie, and liars figure"...the number of unemployed, and homeless people, are so drastically misrepresented by the main stream media....its all politics and money.....not what made this "great country" what it is...sad, but thats it, in a nut shell....
Grayden Michaud January 04, 2013 at 01:50 PM
http://money.cnn.com/2013/01/04/news/economy/hopelessly-unemployed-workers/index.html?hpt=hp_t1 this article from CNN came out today. The long-term unemployed are not counted in the official numbers from the feds.

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