The US Government released some startling official unemployment numbers for the month of September. Are those a reflection of the real unemployment situation? Or, are those unemployment statistics highly misleading?
Firstly, let's review the actual reported official unemployment data for September, exactly as they were reported by the Bureau of Labor Statistics (BLS):-
Number of people employed - 155.1 million
Number of unemployed - 12.1 million
Unemployment rate - 7.8 %
How did these numbers compare to the official unemployment data for August?
Here is a look at the official unemployment data for August:-
Number of people employed - 154.6 million
Number of unemployed - 12.5 million
Unemployment rate - 8.1 %
If we compare the official unemployment data for September versus August, we see the following delta:-
Number of people employed - 0.5 million more in September than August
Number of unemployed - 0.4 million less in September
Unemployment rate - 0.3 % decrease in September
Compared to recent history, this delta is extraordinary and certainly lends itself to question, or at the very least a raised eyebrow. Some very influential business magnates and thought leaders have publicly questioned the data and are themselves suspicious of the sudden change in the official unemployment data.
Some deeper investigation into the reported data, shows that there has been a sudden and influential change in the survey. Government researchers have been instructed to change the angle of the research questions so as not to enquire whether interviewees are not working in their chosen career field, but rather, and very simply, are interviewees not doing any work, of any type, whatsoever. This subtle, but yet misleading question, has resulted in many interviewees admitting that they are doing something, at least, in order to bring in some income for their families. The interviewees are not asked whether the activities that they are engaging in are bringing in sufficient revenue to pay the bills. Thus, many respondents are, very honestly, replying that they are not doing nothing about their unemployment, but are trying to start a home based employment opportunity for themselves. And, yes, you guessed it, a number of folks have resorted to exploring the world of internet marketing in order to attempt to generate income to replace the income they were earning before unemployment
Firstly, let's review the actual reported official unemployment data for September, exactly as they were reported by the Bureau of Labor Statistics (BLS):-
Number of people employed - 155.1 million
Number of unemployed - 12.1 million
Unemployment rate - 7.8 %
How did these numbers compare to the official unemployment data for August?
Here is a look at the official unemployment data for August:-
Number of people employed - 154.6 million
Number of unemployed - 12.5 million
Unemployment rate - 8.1 %
If we compare the official unemployment data for September versus August, we see the following delta:-
Number of people employed - 0.5 million more in September than August
Number of unemployed - 0.4 million less in September
Unemployment rate - 0.3 % decrease in September
Compared to recent history, this delta is extraordinary and certainly lends itself to question, or at the very least a raised eyebrow. Some very influential business magnates and thought leaders have publicly questioned the data and are themselves suspicious of the sudden change in the official unemployment data.
Some deeper investigation into the reported data, shows that there has been a sudden and influential change in the survey. Government researchers have been instructed to change the angle of the research questions so as not to enquire whether interviewees are not working in their chosen career field, but rather, and very simply, are interviewees not doing any work, of any type, whatsoever. This subtle, but yet misleading question, has resulted in many interviewees admitting that they are doing something, at least, in order to bring in some income for their families. The interviewees are not asked whether the activities that they are engaging in are bringing in sufficient revenue to pay the bills. Thus, many respondents are, very honestly, replying that they are not doing nothing about their unemployment, but are trying to start a home based employment opportunity for themselves. And, yes, you guessed it, a number of folks have resorted to exploring the world of internet marketing in order to attempt to generate income to replace the income they were earning before unemployment
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