Daily Archives: February 8, 2016

Special “Lying With Statistics” E-dition

FEB 8 LYING WITH STATISTICS

MONDAY, FEBRUARY 8, 2016

And Whether Your Audience Would Ever Know The Difference

image005The Labor Department said Friday that the U.S. unemployment rate fell to 4.9% in January, the lowest since February 2008, and of course, by Saturday, Obama’s Phony Baloney “Organizing for America” group had already sent out fund-raising e-mails touting the good news.image006

image005But of course, that 4.9% number is only the “U-3” number, which doesn’t tell the whole story.

image005The U-3 unemployment rate is a comparatively narrow technical measure that leaves out a whole swath of out-of-work people who are willing and able to take a job but who don’t fit the narrow BLS definition of “unemployed.” For example, a stonemason who wants to work but who has become discouraged by a lack of opportunity in the midst of a deep economic recession would not be included in U-3 unemployment. A marketing executive who is laid off at age 57 and stops scheduling new job interviews due to her experience of age discrimination would not be included in U-3 unemployment. A person who only works one six-hour shift per week because no full-time jobs are available in his area would not be included in U-3 unemployment.

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image005In contrast to the U-3 rate, the U-6 unemployment rate includes all of these cases. Consequently, the U-6 rate is much truer to a natural, non-technical understanding of what it means to be unemployed. By capturing discouraged workers, underemployed workers and other folks who exist on the margins of the labor market, the U-6 rate provides a broad picture of the underutilization of labor in the country. In this sense, the U-6 rate is the true unemployment rate. Today it stands at 9.9%, not the 4.9% your Disingenuous DemocRATS are using for their fund-raising.image009

image005So why doesn’t anybody in the Liberal News Media explain this every month when the Bureau of Labor Statistics are released? Probably because they don’t want you to know the truth, and all those Dumbed-Down, Self-Absorbed, Media-Influenced, Celebrity-Obsessed, Politically-Correct, Uninformed, Short-Attention-Span, Free-Stuff Grabbing, Low-Information Obama Supporters Who Put The Positively Worst President in History In The White House—Twice, and get all of their information from our Obama Supporters in the Press, like the ones on Channel 5, must prefer being lied to.  image003image010