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View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

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  •  These figures cannot POSSIBLY be accurate (0+ / 0-)

    because they fail to take into account the MILLIONS of people who have given up looking for jobs, can't collect unemployment and have been thoroughly disenfranchised altogether.

    7.5%  ???


    The unofficial but accurate (according to HRS) unemployment rate in California alone is 23%.


    Nationwide we're looking at a similar figure, don't believe otherwise.

    The other factor is that only McJOBS are being created here, no meaningful career-path employment is occurring ANYWHERE in the USA.

    No one can support a family on a McJob salary.

    Further, the report fails to mention that most of the McJobs are being offered on a LESS than full-time basis so these greedy motherfuckers don't have to pay benefits.

    So less rosy, more realistic jobs report is needed.  Obama isn't a fucking magician.

    •  It is obviously true that the official... (4+ / 0-)

      ...(U3) rate does not include people who have left the workforce because they can't find jobs. I wrote about that yesterday in Uncounted 'missing workers' continue to make economy appear healthier than is actually the case.

      The 13.9% in U6 covers some of the discouraged workers and the part-timers who can't find full-time work.

      The chronic problems with a move by many companies toward more part-time work to avoid benefits and for scheduling flexibility (the companies', not the workers') are serious. But they are separate from the tally being reported here.

      Show me a link to the 23% figure, please.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Fri May 03, 2013 at 10:57:26 AM PDT

      [ Parent ]

      •  I can't show you a link but I can (0+ / 0-)

        give you a phone number where you can call the human resources department in Ventura County and the lady who answers the phone there will happily tell you about California's staggering unemployment rate.

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