88,921,000

Discussion in 'Politics, Religion, Social Issues' started by classicaliberal, Sep 7, 2012.

  1. classicaliberal, Sep 7, 2012
    Last edited: Sep 7, 2012

    classicaliberal macrumors regular

    classicaliberal

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    #1
    88,921,000 is the number of Americans not currently in the workforce. This number includes anyone over the age of 16 (not including those in prison or in the military, etc.) who don't have a job AND aren't currently looking for one.

    This number generally gets overlooked by the media (or at least not put into the proper context), in favor if a simpler and easier soundbite number... the unemployment rate. However, the unemployment rate is a ridiculously irrelevant number when not used in conjunction with the number of Americans not in the workforce.... and here's why:

    This month, we added 96,000 jobs to our economy, and the unemployment rate FELL from 8.2% to 8.1%. Sounds like good news right? Well, what most people don't realize, is that the reason this number fell was not because we added 96,000 jobs (our population grew faster than that)... the reason is because 368,000 people stopped looking for jobs all together... instead to retire early or to live off of government welfare.

    This is a good example where the media is not only missing part of the truth, but by not sharing a key statistic, seems to be actively making the situation seem better than it is. The truth, is that now the percent of adults in our population that's either working or looking for work is a staggering 63.5 percent! That's not good news folks... and it's certainly not sustainable. If this recovery is a real recovery, it sure doesn't look like much of one.

    For a bit of context: this is THE LOWEST labor participation rate for men (69.9%) since the government started keeping track in 1948!
     
  2. citizenzen macrumors 65816

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    #2
    From the U.S. Department of Labor website ...

    Over 40 million of that number are over 65 years old.

    The more you look into your scary, scary number, the less scary it appears to be.

    Nice try though.
     
  3. MacNut macrumors Core

    MacNut

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    #3
    "Neither working nor not seeking work" doesn't mean they are happy to be out of work. And there are plenty of students who would be working if they could find it.

    What are the hard numbers of those who are out of work that want or need a job.
     
  4. applesith macrumors 68020

    applesith

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  5. MacNut macrumors Core

    MacNut

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    #5
    So the true number is 14.7%
     
  6. obeygiant macrumors 68040

    obeygiant

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    #6
    Good effort in trying to make the 88mil look less horrible. :)
     
  7. citizenzen macrumors 65816

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    #7
    Well, again, over 40 million are retirees over 65 years old. What a shame that those old folks are out there earning a wage, eh?

    5 million of that number are stay at home mothers.

    There are 21 million people enrolled in degree-granting institutions in the U.S. (though I'm sure they don't all qualify as "not in the labor force")

    Like I say, the more you look into who makes up the 89 million, the less scary that number seems. Thanks for giving me the opportunity to point that out again.
     
  8. MorphingDragon macrumors 603

    MorphingDragon

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    #8
    So that makes it acceptable then?
     
  9. citizenzen macrumors 65816

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    #9
    I'm afraid I don't understand your question.

    Do you think it's unacceptable that some people live in the United States and don't work or don't look for work?
     
  10. Rodimus Prime macrumors G4

    Rodimus Prime

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    #10
    The number you should look at is U6. The number you provided includes way to many people who have zero interested in getting a job. People who gave up looking are in U6. People not even interested in working are not in there.
     
  11. Ugg macrumors 68000

    Ugg

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    #11
    Stay at home mothers (or fathers) are horrible?
     
  12. mgguy macrumors 6502

    mgguy

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    #12
    Not if the government doesn't have to help support them.
     
  13. flopticalcube macrumors G4

    flopticalcube

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    #13
    The REAL picture:

    [​IMG]

    The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

    The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

    http://www.shadowstats.com/alternate_data/unemployment-charts

    Note the recent divergence.
     
  14. MadeTheSwitch macrumors 6502a

    MadeTheSwitch

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    #14
    How is the "not looking for work" number arrived at? In other words, what do they base that on and how do they know???
     
  15. mgguy macrumors 6502

    mgguy

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    #15
    Also, how are illegal aliens (oops, I mean immigrants) tracked and factored in?
     
  16. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #16
    Definitely not going to be a bump for Obama when the repubs broadcast that the new unemployment numbers are from people dropping out of the job market.

    Weren't dems promising 5% unemployment if we passed some sort of legislation by now? Hmm
     
  17. citizenzen macrumors 65816

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    #17
    Source please.

    (obviously you won't)

    Hmmm
     
  18. IBradMac macrumors 68000

    IBradMac

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    #18
    Doesn't matter. the number is irrelevant.

    Can't make people work who don't want to work.
     
  19. citizenzen macrumors 65816

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    #19
    40 million retirees already did work and contributed to society.

    Stay at home mothers (and fathers) are working, caring for their family and home.

    Students going to college are gaining the skills that will make them more valuable in the workplace.

    That's what makes up the majority of that number, people who have worked, are working and will work.
     
  20. Zombie Acorn macrumors 65816

    Zombie Acorn

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  21. citizenzen macrumors 65816

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    #21

    From your sourced article ...

    So would you like to shift your goalposts from "dems promising"—promising who?—to Obama "advisers projected"?

    Did Obama ever promise to the American people that he'd achieve these numbers?

    Oh. And BTW, thank you for the source.
     
  22. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #22
    Certainly implied it when selling the bill with these projections. Way off.
     
  23. citizenzen, Sep 7, 2012
    Last edited: Sep 7, 2012

    citizenzen macrumors 65816

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    #23
    He sold the bill with those projections?

    Source please.

    Edit: Politifact calls "Mostly False" the claim that "... Obama promised stimulus would keep unemployment rates below 8 percent".

    To borrow a phrase ... way off.
     
  24. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #24
    What do you think projections are used for? If they weren't used to promote an action what would they be good for?

    ----------

    Someone should let him know he failed at that too.
     
  25. Dweez macrumors 65816

    Dweez

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    #25
    I am simply grateful that I've got my job, and empathize with those who are out of work/looking for work/given up looking for work/etc...
     

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