When it Comes to Jobless Figures Dishonesty and Propaganda Reign | NationofChange

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Once again we got a cheery re­port from most of the media about em­ploy­ers hir­ing, al­beit “not enough,” and about the job­less rate falling, al­beit “it’s still too high.”

The prox­i­mate cause of this lat­est round of pro­pa­ganda from the cor­po­rate media is the lat­est monthly job­less fig­ure re­ported out by the Bu­reau of Labor Sta­tis­tics, which said that em­ploy­ers had added 80,000 net new jobs (ac­tu­ally they found that pri­vate sec­tor em­ploy­ers had added 104,000 jobs while pub­lic agency em­ploy­ers had pink-slipped 24,000 peo­ple), and that the of­fi­cial un­em­ploy­ment rate was 9.0 per­cent, just a notch lower than last month’s 9.1 per­cent fig­ure.

The As­so­ci­ated Press, which is now the de facto na­tional desk for the evis­cer­ated na­tional news­me­dia, trum­peted these ane­mic re­sults with a head­line read­ing: Em­ploy­ers add 80K jobs, Rate dips to 9.0 pct. This was fol­lowed by an up­beat lead, cred­ited to AP Eco­nom­ics Writer Christo­pher S. Ru­gaber (who surely should know bet­ter if he’s an eco­nom­ics spe­cial­ist) that read: “WASH­ING­TON (AP) — The U.S. jobs cri­sis may be eas­ing slightly on the strength of a fourth straight month of mod­est hir­ing and a dip in the un­em­ploy­ment rate.”

Only it’s not that sim­ple. For one thing, econ­o­mists agree that the econ­omy would have to be adding 100,000 jobs a month just to keep up with the num­ber of peo­ple who are en­ter­ing the labor force, and dou­ble that to make any real progress to­wards low­er­ing the job­less num­ber, so 80,000 jobs is re­ally going back­wards. For an­other, most of the jobs being cre­ated are low-pay­ing and often tem­po­rary, which is not going to do much if any­thing to boost con­sumer spend­ing, which ac­counts for al­most three-quar­ters of Gross Do­mes­tic Econ­omy in the hol­lowed-out US econ­omy. (In fair­ness to Ru­gaber, a day later he wrote a bet­ter, less rosy piece, in which he pointed out that among the coun­try’s 14 mil­lion of­fi­cially job­less, the per­cent­age re­ceiv­ing un­em­ploy­ment ben­e­fits has fallen from 75% last year to just 48% this year, be­cause so many peo­ple have been out of work for more than a year–a third of all those un­em­ployed–that their ben­e­fit checks have run out. That tells you how se­ri­ous the job­less­ness re­ally is.)

Credit goes to Yahoo! News, which at least ac­knowl­edged right away that these lat­est stats from the BLS mean things are ba­si­cally bad, not good news. In this dis­patch, head­lined Oc­to­ber Jobs Re­port: Deja Vu All Over Again, re­porter Daniel Gross cor­rectly called at­ten­tion to the fact that the pub­lic sec­tor was un­der­min­ing the mea­ger job gains made by the pri­vate sec­tor, as well as the fact that the de­cline in the job­less fig­ure is not the re­sult of the new jobs, but of more peo­ple just giv­ing up look­ing for non-ex­is­tent jobs and being dropped from the sta­tis­tics.

Gross also properly noted that the so-called U-6 figure for unemployment, which was used as the standard measure for unemployment until the 1980s when it was deep-sixed by the Reagan administration in favor of a measure that no longer counts people who have given up looking for a job and people who have taken part-time employment because they cannot find full-time work, is still at 16.2 perc     jjj Gross also properly noted that the so-called U-6 figure for unemployment, which was used as the standard measure for unemployment until the 1980s when it was deep-sixed by the Reagan administration in favor of a measure that no longer counts people who have given up looking for a job and people who have taken part-time employment because they cannot find full-time work, is still at 16.2 percent.To continue re To see the variations of statistics (deception) in graph form and to continue reading, click on the link below.

Gross also properly noted that the so-called U-6 figure for unemployment, which was used as the standard measure for unemployment until the 1980s when it was deep-sixed by the Reagan administration in favor of a measure that no longer counts people who have given up looking for a job and people who have taken part-time employment because they cannot find full-time work, is still at 16.2 percenvia When it Comes to Jobless Figures Dishonesty and Propaganda Reign | NationofChange.

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