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I Just Learned the REAL Unemployment Rate,
and It Sucks

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Posted By: rememberwhen, 8/5/2024 1:03:02 PM

There are lies, damned lies, and government statistics — and maybe none is more damnable than the official unemployment rate which is half the actual rate, according to Rasmussen. Worse, the number of Americans who are neither retired nor employed is more than four times higher than July's official rate of 4.3%. I've been writing for months now in quick-hit Instapundit items that this country has been in a jobs recession since the COVID lockdowns and, thanks to Bidenomics, never recovered from. Well, the latest Rasmussen unemployment survey has the numbers.

Comments:

A correction of the fudged "official" unemployment numbers from a reliable source. The picture is much worse than the Obama-Biden-Harris administration wants us to think.

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Reply 1 - Posted by: DebraAnn 8/5/2024 1:18:14 PM (No. 1773042)
Why do they always have to lie? Do they somehow really think that we would believe that the Brain Dead Moron and his "assistant" are to be given credit for this? It is becoming increasingly difficult to watch the news anymore. I just sort of sit there and ask myself "Are you kidding?" Brain Dead had already dropped out of the race. Did they somehow believe this would have us all begging them to reconsider?
7 people like this.

Reply 2 - Posted by: skacmar 8/5/2024 3:31:53 PM (No. 1773111)
Don't like the result? Just change the formula to calculate it until you get the result that you want. The Biden also reports the number of illegals the same way. Sure illegals are down. Down from their high under the Biden high amount. However, they are still still substantially higher that during the Trump administration. The Biden administration is very good at manipulating numbers to make themselves look good. Like all Democrats, they lie until they get caught then make excuses and then blame others for what they did. They have already blamed Trump for the recent unemployment reports.
2 people like this.

Reply 3 - Posted by: franq 8/5/2024 4:26:15 PM (No. 1773144)
Yessir, re: numbers. Inflation too high? Take out gas and food. They are just luxuries.
2 people like this.

Reply 4 - Posted by: Cherrybark 8/5/2024 4:28:30 PM (No. 1773146)
John Williams' "Shadow Stats" is a reliable source of economic data, calculated the "old fashioned" way. Explore the "Alternate Data" tab to see charts of Inflation, calculated as it was in 1980 before the government removed such inconvenient metrics as food. The Unemployment Chart includes the "long-term discouraged workers, who were defined out of official existence in 1994" https://www.shadowstats.com/
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Posted by rememberwhen 8/5/2024 1:03:02 PM Post Reply
There are lies, damned lies, and government statistics — and maybe none is more damnable than the official unemployment rate which is half the actual rate, according to Rasmussen. Worse, the number of Americans who are neither retired nor employed is more than four times higher than July's official rate of 4.3%. I've been writing for months now in quick-hit Instapundit items that this country has been in a jobs recession since the COVID lockdowns and, thanks to Bidenomics, never recovered from. Well, the latest Rasmussen unemployment survey has the numbers.
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