this shouldn't be a surprise..
It gets worse.. if you take the "Employment-to-population ratio".
basically the 47% ain't what it used to be...
sure is disturbing looking at that number.. 43.8% working now.. and 56.2% not working..
Unemployment May Be Much Worse Than Gov’t Is Reporting: Gallup
The government puts the jobless figure at 7.4 percent, and 14 percent when including the underemployed and those who have quit looking.
While the government next week is expected to say the unemployment picture continues its gradual improvement, one indicator shows this jobs market is the worst in a year and a half.
Widely followed pollster Gallup puts the nation’s unemployment rate at an ugly 8.6 percent in August, a startling jump from the 7.8 percent the organization recorded for July.
When counting the underemployed, the rate zooms to 17.7 percent.
While Gallup’s numbers have offered significant divergences from the Bureau of Labor Statistics data, the two numbers had been running fairly close for most of the year. In fact, Gallup’s tally actually briefly slipped below the government’s in April
It gets worse.. if you take the "Employment-to-population ratio".
Instead, Oubina recommends focusing on the employment-to-population ratio.
The news doesn’t get any better there, though.
The government puts that number at 58.7 percent, a level from which it has deviated little over the past four years since the end of the financial crisis and Great Recession.
According to Gallup, that measure is 43.8 percent, plunging over the years from 63.5 percent.
basically the 47% ain't what it used to be...
sure is disturbing looking at that number.. 43.8% working now.. and 56.2% not working..