I was listening to a talk show on XM radio yesterday morning.....About jobs....Not sure of the political affiliations, but they had an Economist that seemed to know what he was talking about...
Her are some of the highlights..
Since Jan 2009 under obama the American economy has added 4.5 million jobs. BUT, the actual NET job growth is far less at 1.5 million....Meaning we have lost 3 million jobs... Also during that same time frame we have added 8 million "worker age" citizens to the workforce... This is from the Dept of Labor Statistics...
Unemployed criteria... In order to be considered "unemployed" you must:
A...Be out of work
B...Be available for full time employment
C...Be actively searching for work.
Again, from the Dept of Labor Statistics..
Unemployment surveys: (I had no idea about this)
The Census Dept of the US Gov't actually goes door to door in order to compile labor statistics. They knock on doors during business hours to see who is home, and why...They question who ever answers the door as to how many live there, how many are working, how long they've been out of work etc etc...These interviews then become part of the data used to establish the percentage, (currently 8.2) of Americans unemployed....
He had a bunch more to say, and it was very much NOT presented with any political slant, just facts, and I found it very informative....
Ray



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