Real Unemployment Rate

Metaphorguy
Metaphorguy: Don't be fooled by numbers. If the job market and economy suck many people will struggle finding a job, or won't look at all since they will have to settle for low pay. There's several figures that go along with an unemployment rate. Politicians like to use the figure that is the lowest, so it looks like they are doing a good job.

This means if someone stops looking for a job for a short period they aren't included. It also doesn't consider underemployment. The "true" figure of unemployment is typically twice as high as the figures they announce, so if Gallup or all these other news orgs say the economy is roaring and everyone has a job and you don't, you have nothing to worry about. It's just politics.
1 year ago Report
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chronology
chronology: Puzzle. Unemployment figures are always disputed. An independant reporter in the 1980s in England visited Industrial Lancashire and he said the reported 15pc Unemplyment figure was a joke, it was more like 80pc even 90pc.

He also noted the building vacancy rate was virtually as bad as the Unemployment rate. Every other shop in the towns seemed to be empty and boarded up. Same with Office Space. Even domestic Private Housing was being 'hoaxed' as occupied to attempt to keep prices of property from collapsing completely. People noticed cars parked outside houses never moved, and curtains were never opened or closed and lights were never on in supposedly occupied homes. All the houses in the streets were definitely empty. This scam was run along entire streets. The only people you saw in the streets in those 'ghost' streets were Policemen patroling to protect them.

Capitalism runs on 'Boom and Bust' so when there is a Bust 'Speculator' capitalists make heaps of cash. The more businesses crash the more money they make, buying up property and machinery for cents on the dollar, and selling it later when prices rise.
1 year ago Report
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Metaphorguy
Metaphorguy: So you think the department of housing needs a new official? They are doing a bad job?
1 year ago Report
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chronology
1 year ago Report
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