The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or… ?

[Watchman]

The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or… ?

PALLAVI GOGOI
DailyFinance
July 18, 2010

<---http://www.dailyfinance.com/story/careers/what-is-the-real-unemployment-rate/19556146/

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

“Our numbers are always very accurate, so I was surprised at the discrepancy with the government’s numbers,” says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors’ Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.

However, Mayur’s polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who’s unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department’s jobless numbers.

 

[Baroko]

Never trust figures from the gabramen.
I recall when two lecturers used some figures from the MoP website they were taken to task by bargain NEH for not checking if the fugures on the site is correct.

 

[Watchman]

Why are you always first to respond to my posts Boroko .

It's creeping me out .

 

[Received_by_Kings]

Don't know what this article means, but just be positive and believe in yourself.

 

[AhBeng]

Don't know what this article means, but just be positive and believe in yourself.

Believe in Yourself......you mean believe in yourself to be unemployed very soon, since we have another 100 000 "foreign-talent" being promised by PM Lee?:p

 

[Ash007]

Seems to be stats out of the US. I believe they do not count if a person is unemployed after 6months.

 

[manokie]

Erm

It is really bad in USA now

When I go to Malls now, there are very few people buying stuff even though the discounts are quite deep. Lots of people lounging around though and there are also some unoccupied lots. Never seen that before in the past.

New graduates are mostly unemployed, at least at the area I work in. They are expecting 5-8 years for US recovery, as that's the date when the green energy tax engine kicks in.

 

[BusNo64]

Unbelieveable!!

TeeKee, u dont beleive in ur god? WOW!!