Thread: CEO of Gallup calls jobless rate a "big lie"

http://www.foxnews.com/politics/2015...te-house-wall/

CEO of Gallup calls jobless rate 'big lie' created by White House, Wall Street, media

Published February 04, 2015FoxNews.com


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The chairman of the venerable Gallup research and polling firm says the official U.S. unemployment rate is really an underestimation and a “big lie" perpetuated by the White House, Wall Street and the media.


What CEO and Chairman Jim Clifton revealed in his blog Tuesday about how the Labor Department arrives at the monthly unemployment rate is no secret -- including that Americans who have quit looking for work after four weeks are not included in the survey.


The department's current rate of 5.6 percent unemployment is the lowest since June 2008, with President Obama using his State of the Union address and campaign-style stops across the country to tout an economic recovery.


“Our economy is growing and creating jobs at the fastest pace since 1999,” Obama said in the opening lines of his January 20 address before Congress.“Our unemployment rate is now lower than it was before the financial crisis.”
Clifton says the “cheerleading” for the 5.6 number is “deafening.”


“The media loves a comeback story,” he writes. “The White House wants to score political points, and Wall Street would like you to stay in the market.”


Since the start of the Great Recession, which economists largely agree began in late 2007, the unemployment rate peaked at 10 percent in October 2009 and finally got under 6 percent in September 2014.


Clifton says Americans out of work for at least four weeks are “as unemployed as one can possibly be” and argues that as many as 30 million of them are now either out of work or severely underemployed.


He points out that an out-of-work engineer, for example, performing a minimum of one hour of work a week, even mowing a lawn for $20, also is not officially counted as unemployed.


In addition, those working part time but wanting full-time work -- the so-called “severely underemployed” -- also are not counted.


“There's no other way to say this,” Clifton says. “The official unemployment rate … amounts to a big lie.”


His arguments are similar to those made by Washington Republicans after the Bureau of Labor Statistics announced the rate each month during the height of the recession. However, Gallup is an 80-year-old, nonpartisan firm.

The bureau did not return a request for comment.


Clifton suggests the biggest misconception about the official rate is that it doesn’t denote “good” full-time jobs.


“When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't ‘feeling’ something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class,” he said.

Wow. It is truly rare for a CEO to speak up and out on behalf of the American people. Good for him. This should wake up some people and hopefully encourage all our CEO's who know what's going on to speak up and out with him. After all, their voices do matter in our Opinion Leader political society. The "big lie" about unemployment has been an intentional ruse by the government to justify excess legal immigration, illegal immigration, income taxation, and free trade treason policies to do exactly what Clifton says has occurred, and that is to hollow out the middle class and bankrupt our workers or force them to live hand to mouth, paycheck to paycheck, but also to grow the poverty class and increase the socialist aspects of our government.

The myth of 5.6% unemployment: Why US official rate is a big, fat lie

By Jim Clifton
Published February 04, 2015FoxNews.com


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FILE -- Oct. 22, 2014: Russell Neal, left, gives job information to job seeker Queena Moise, foreground second from right, at a job fair in Miami Lakes, Fla. (AP Photo/Alan Diaz)


Editor's note: The following commentary originally appeared on Gallup.com.



Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.


Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed.


That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%.


Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.


There's another reason why the official rate is misleading. Say you're an out-of-work engineer or health care worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.


Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn't count you in the 5.6%. Few Americans know this.


There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.


Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.


I hear all the time that "unemployment is greatly reduced, but the people aren't feeling it." When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't "feeling" something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.


Jim Clifton is Chairman and CEO at Gallup.

http://www.foxnews.com/opinion/2015/...s-big-fat-lie/

Originally Posted by Judy

The "big lie" about unemployment has been an intentional ruse by the government to justify excess legal immigration, illegal immigration, income taxation, and free trade treason policies to do exactly what Clifton says has occurred, and that is to hollow out the middle class....

I get the feeling that Clifton has had enough of the lies emanating from Washington and mainstream media.

The true unemployment rate is probably about double the official rate. And the official rate does not publicize the rate among the poorest Americans. Those folks will be condemned to another generation of confusion and anger, when the next wave of illegals hits our shores.

'Bamacrats only care about the votes of all those Undocumented Democrats, the Repub leadership only cares about the surplus labor which will keep wages stagnant and profits up.
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Americans first in this magnificent country

American jobs for American workers

Fair trade, not free trade