| THE NO B.S. UNEMPLOYMENT NUMBERS | ||||||||
| Click to view the BLS numbers this data is based on | ||||||||
| Question: IF it has taken 16 months to put between 1.8 and 2.3 million folks back to work THEN how long will it take | ||||||||
| to put enough folks back to work in order to get unemployment back down to the March 2007 level of 4.40%? | ||||||||
| Answer 1: At least 60 more months (5 yrs) best case and as much as 100 more months (8 yrs) worst case (see numbers below). | ||||||||
| Answer 2: PBS NEWSHOUR, March 4, 2011; Lisa Lynch (Heller School for Social Policy and Management at Brandies University), | ||||||||
| "So, 200,000 jobs a month, if we continue to keep that pace of job creation, to get back down to, say, the 5 percent unemployment | ||||||||
| rate we were at before this recession started, that pace of job growth would mean it would take until 2019 before we got back down | ||||||||
| to 5 percent."... In other words 8 years. Here is why... | ||||||||
| (Oct 2009 Baseline) | ||||||||
| Real (U6) Unemployed | BLS Employable * | Real Unemployed Percentage | ||||||
| 30,960,000 | 154,800,000 | 20.00%+ | REAL U6 PEAK (per many serious estimates) | |||||
| 29,109,200 | 154,800,000 | 18.80% | CURRENT (if 8.90% U3 vs. 10.10% peek U3) | |||||
| Fake (U6) Unemployed | BLS Employable * | Fake Unemployed Percentage | ||||||
| 26,940,000 | 154,800,000 | 17.40% | U6 REPORTED PEEK (via BLS Oct 2009) | |||||
| 25,089,200 | 154,800,000 | 16.21% | U6 assuming ADJUSTED U3 (Feb 2011) | |||||
| 24,620,000 | 154,800,000 | 15.90% | U6 current claimed (via BLS Feb 2011) | |||||
| 12,380,000 | 154,800,000 | 8.00% | U6 claimed (via BLS Mar 2007) | |||||
| 1,850,800 | Found jobs in past 16 months (Oct 2009 to Feb 2011) | |||||||
| 2,320,000 | Supposedly found jobs per BLS in past 16 months (Oct 2009 to Feb 2011) | |||||||
| 14,560,000 | Need to find jobs to match BLS numbers (Mar 2007 ) | |||||||
| Fake (U3) Unemployed | BLS Employable * | Fake Unemployed Percentage | ||||||
| 15,628,000 | 154,800,000 * | 10.10% | U3 REPORTED PEEK (per BLS Oct 2009) * | |||||
| 15,480,000 | 154,800,000 | 10.00% | ||||||
| 15,325,200 | 154,800,000 | 9.90% | ||||||
| 15,170,400 | 154,800,000 | 9.80% | ||||||
| 15,015,600 | 154,800,000 | 9.70% | ||||||
| 14,860,800 | 154,800,000 | 9.60% | ||||||
| 14,706,000 | 154,800,000 | 9.50% | ||||||
| 14,551,200 | 154,800,000 | 9.40% | ||||||
| 14,396,400 | 154,800,000 | 9.30% | ||||||
| 14,241,600 | 154,800,000 | 9.20% | ||||||
| 14,086,800 | 154,800,000 | 9.10% | ||||||
| 13,932,000 | 154,800,000 | 9.00% | ||||||
| 13,777,200 | 154,800,000 | 8.90% | U3 CURRENT ADJUSTED (via BLS % Feb 2011) | |||||
| 13,673,000 | 153,600,000 | 8.90% | U3 Current claimed (via BLS % Feb 2011) | |||||
| 13,622,400 | 154,800,000 | 8.80% | Required numbers to draw down real UE | |||||
| 13,467,600 | 154,800,000 | 8.70% | Required numbers to draw down real UE | |||||
| 6,811,200 | 154,800,000 | 4.40% | U3 Required numbers to draw down UE to 4.4% again | |||||
| 1,850,800 | Found jobs in past 16 months (Oct 2009 to Feb 2011) | |||||||
| 1,955,000 | Supposedly found jobs per BLS in past 16 months (Oct 2009 to Feb 2011) | |||||||
| 8,668,800 | Need to find jobs to match BLS numbers (Mar 2007 ) | |||||||
| * The BLS Employable number is taken from the BLS data base as they reported for Oct 2009 and | ||||||||
| is used as a base line assuming only those folks continued to keep looking for work going forward; | ||||||||
| not adjusted for population growth due to immagration, etc. | ||||||||