The Truth about Unemployment

Watch this video if you think the Oct. 2008 unemployment rate is only 6.5%.

The Labor Department is responsible for tracking the rate of unemplyment, but it's easy to misinterrupt the government's report.

In this video, I'll explain what I think is going on with unemployment in this country. I'll also address the various measurements of unemployment.

Category:

People & Blogs

Tags:

• unemployment
• economy
• trouble
• U-3
• measure
• recession
• quit
• looking
• job
• loss
• shadow
• stats
• economic
• collapse
• thesludgereport2

[Seeker1898]

People don't understand that just because somebody is employed doesn't mean they're making enough money to comfortably live on. The government's corrupt. Plain and simple!

[Dice562]

men lie, women lie, and so do numbers....

[hookalakah]

"I think for a lot of people, it's going to feel very hard...harder than anything they've experienced in their lifetime...for a long time to come." --Treasury Secretary Tim Geithner on economic recovery, "Meet the Press," July 10, 2011

[Asylum42008]

the Blacks have Affirmative Action in their favor...yeah, thats fair..NOT!

[AhYaOk]

a lot of people, older especially, who get laid off dont really have to work if they have their house paid off and have a lot of money saved from working and inheritance etc. what about that? some people just work for somthing to do. i'm not even rich and i get by. i just work when i feel like it.

[snitchboy12]

Just sell crack to our babies for a great job.

[smedheat]

at times in the past i have gotten more in ui than i was getting working a low wage job.

[alexandersydney]

@Tonster1998 automation is in part a result a constraint in labor or high wages but.... as long as "new stuff" is being made, people are still going to be needed to build it, besides that, i don't think a 3million dollar robot will ever be payed for to mop the floors.

[Tonster1998]

@carl16760 automation. yes we can blame that on the japanese. They are building robots that will do everything. Soon the Jetsons lifestyle will be a reality.

[Tonster1998]

wow 6 weeks of of the 4th extension omg. That's a joke. It's takes forever to find a new job unless you have a very very professional specialized career and i'm not talking about accountants, nurses, finance managers, etc....

[Tonster1998]

well actually the unemployment rate is well over 20% if u factor in those who quit looking for work and those who are self employed who don't qualify for federal benefits.