General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSimple arithmetic.
If the economy has already lost 42 million jobs and it gains 2.5 million new jobs, but it loses another 1.9 million thru unemployment stats, how many people are unemployed? Shouldn't that number be somewhere around 41 million still unemployed?
What would be the real unemployment rate, according to the facts as we know them?
(Consider that @63% of the population is in the work force) About 157 million workers total?
In my math, 41 million unemployed is more than 25%.
In order to get to 13%, approximately 21 million more Americans would need to get their jobs back.
underpants
(182,829 posts)Asking for a friend
sinkingfeeling
(51,460 posts)Using a mete 40 million still unemployed:
40÷157=25.4%
unblock
(52,253 posts)All people who either have a job or who were looking for a job in the last 4 weeks. By your numbers, that's 197
Note that people who lost their job but who didn't look for a new one (discouraged workers) aren't counted as unemployed even if they want a job. Over 9 million of these.
quaint
(2,565 posts)The Associated Press
The government doesn't correct its survey results for fear of the appearance of political manipulation.
kentuck
(111,103 posts)"The government doesn't correct its survey results for fear of the appearance of political manipulation."
Even if they are wrong??
???
BamaRefugee
(3,483 posts)Due to pandemic were employed. They said they were afraid to fix mistake because people might think they were doing something political .
Posted here on DU.