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Unemployment figures a lie ??

Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
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URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=3143
Printed Date: May 09 2025 at 1:16pm


Topic: Unemployment figures a lie ??
Posted By: Hermes
Subject: Unemployment figures a lie ??
Date Posted: Jul 19 2010 at 11:12am

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

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 http://www.bls.gov/news.release/empsit.nr0.htm - 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.



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