We hear a lot about the employment rate. In fact, it has become a weekly/monthly talking point for millions of people. Just this week, I read where U-3 and U-6 unemployment rates are down. Over the past year I have seen the employment rate slowly drop with each report to as low as 6.5% recently. By most accounts it seems quite obvious that things must be getting better, right? I wish that were the case. The truth is that we are constantly redefining what ’employment rate’ means so people can be persuaded into believing that things are getting better.
Why doesn’t anyone discuss the underemployment rate? You know, the rate that says how many people are working vs. how many people aren’t working. Would it have anything to do with the fact that damn near 30% of our population would be considered underemployed? Would it be because the true employment rate has been sharply decreasing for several years? I suppose nobody wants to let you know that 1 out of every 4 Americans is underemployed.
The next time you hear someone reporting on the unemployment rate just pay the figures no mind. These numbers are manipulated to manipulate. The truth of the matter is that our country is broke and nothing is going to change that. How much QE must we infuse to realize it is only prolonging the problem? Why must we continue to inflate the bubble we are living in? Why must we continue to fuel the separation between rich and poor? Why must greed dictate humanity? Why?
- “Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.” ~ Groucho Marx
- “I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” ~ Thomas Jefferson
- “Too bad that all the people who know how to run the country are busy driving taxicabs and cutting hair.” ~ George Burns
- “Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.” ~ Ronald Reagan