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Edited on Sun Jan-16-11 05:38 PM by Statistical
I only corrected a false statement. This statement "there are LESS employed people now than ever." 1.3 million MORE people are working in Dec 2010 cmpared to Dec 2009. The statement is false. That was the only claim I made, and it is valid.
"Now let me ask you this, how many people are left out of this formula?" Depending on which stat.
The govt provides 6 unemployment stats. U-1 & U-2 aren't very useful.
U-3 = persons unemployed, willing & able to work, has looked in last 4 weeks. U-4 = U-3 plus those who didn't look due to not believing there are jobs or they won't get a job (discouraged workers) U-5 = U-4 plus all others not looking for work U-6 = U-5 plus all persons working less than full time because they can't find full time work.
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