What Other Lies Can They Tell?

The Census faked the unemployment numbers before the last Presidential election according Zerohedge and others, pushing the rate under 8%.   I wonder if they are faking these California numbers as well, as reported in Sac Bee:

California may be recovering from the worst recession since the Great Depression, and its official unemployment rate has dropped by a third, but by another federal measure of employment distress, the state is second only to Nevada.

The alternative number, known as U-6 in economic statistical circles, includes not only unemployment — the percentage of the labor force that’s jobless — but “marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.”

In other words, it represents every worker whose aspirations are being thwarted by economic conditions.

By the U-6 measure, California’s employment distress rate is 18.3 percent for the 12 months ending June 30, according to a new report by the Bureau of Labor Statistics. California’s rate is second only to Nevada’s 19 percent and four percentage points higher than the national rate of 14.3 percent.

California’s U-6 rate is also more than twice as high as the state’s 9.1 percent rate calculated by the BLS for 2006, the last year before the housing bubble burst, plunging the state into recession.

Listening to Tom Sullivan today, he interviewed John William who operates Shadow Government Statistics and according to his numbers they are all fake. The real unemployment is going up and not down and will soon be approaching 25%.  The economy is not recovering, it is just hovering and slowly sliding down the slope.

 

 

Advertisements

About Russ Steele

Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
This entry was posted in Jobs and Economy. Bookmark the permalink.

2 Responses to What Other Lies Can They Tell?

  1. Dai Meagher, CPA says:

    It’s important for the media, businesses, and individuals to be able to trust census bureau statistics (and other government agency produced data). If this trust has been violated, the consequences should be strong enough to deter a repeat occurrence . This is not a trivial matter.

    Like

  2. Dai Meagher, CPA says:

    Based on the tax returns I prepare, the economy is not improving–at least not significantly. On a whim, I asked my barber if the economy was affecting the barbers in the shop…and I learned that even our local barbers are feeling a big reduction in business.

    Like

Comments are closed.