Submit your comments on this article |
Economy |
GOP lawmaker calls for change to how government measures unemployment |
2012-04-09 |
Let's see if it makes it past Spoiled Prince Harry. Rep. Duncan D. Hunter (R-Calif.) intends to press GOP leaders to move his bill to include the number of individuals who gave up looking for work in the percentage of jobless claims. Should the government measure unemployment with Hunter's figure, the unemployment rate would be higher than the current rate of approximately 8 percent-- a potentially devastating assessment for the White House, especially in an election year. The San Diego-based lawmaker contends that he did not introduce his bill to make the president look bad, since the number would reflect poorly on all individuals in charge of government. On a recent interview with Fox News Channel's Martha MacCallum, Hunter said, "it makes me look bad too when unemployment is sliding ... it makes the Republican Congress, the president and the Democratic Senate - anybody who is an elected representative and in charge look bad. I don't think it goes one way." His one-page legislation, the "REAL Unemployment Calculation Act" would require "the federal government [to] cite, as its official unemployment calculation, the figure that takes into account those who are no longer looking for work," not only those individuals actively seeking jobs. |
Posted by:gorb |
#7 I'm sure the new measure will get full support of Democratic lawmakers---as soon as USA has a Republican president. |
Posted by: g(r)omgoru 2012-04-09 14:18 |
#6 Everybody's heard about lies, damned lies and statistics, right? And then there was a comedian so many years ago that I can't remember his name who said, "When your neighbor loses his job it's a recession. When you lose your job it's a depression." |
Posted by: Ebbang Uluque6305 2012-04-09 12:51 |
#5 Pension funds are not doing too good either. US union pensions hole deepens to $369bn |
Posted by: tipper 2012-04-09 10:27 |
#4 Better to expand unemployment by shutting down the DoL bureau of statistics. Once compromised as they've been, they're never going to accurately report numbers. As we see now, we have dueling numbers and statisticians. It won't go away, so just let the private and state sectors do the work. That at least removes the national government from citing their own bogus numbers when rationalizing actions or inaction. |
Posted by: Procopius2k 2012-04-09 09:07 |
#3 Here's a potential State by State metric, I call it..... "Folks Who Are Not Doing So Well" or (FWANDSO) A = Folks receiving State Unemployment checks. B = Folks receiving other forms of financial aid. C = Folks who filed, but paid - 0 - income taxes. D = Pensioners not receiving aid. E = Total number of Folks in State. E - (A + B + C) - D = FWANDSO |
Posted by: Besoeker 2012-04-09 01:30 |
#2 Both sides have been cooking the books. |
Posted by: badanov 2012-04-09 00:56 |
#1 The current official |
Posted by: PBMcL 2012-04-09 00:47 |