February 11, 2017

How to Properly Calculate Unemployment Rates

Written By:  Andrew Eide

At the end of President Obama’s Presidency, which ended at Noon on Friday, January 20, 2017, they touted that they brought the Unemployment rate down to 4.7 percent. I am here to tell you that is a lie.

There are currently 96 million of our citizens out of work. Out of work means unemployed. There are approximately 250 million working age people in the United States. Working age means persons age 16 and older.

If you divide 96 million by 250 million you see that the true percentage of unemployed people in the United States is 38 percent. So, you ask, how in the hell did our Government arrive at a 4.7 percent as the “official” unemployment rate.

The Government only counts people who actually receive Unemployment benefits. The normal for receiving Unemployment benefits is six months. After 6 months it is rare if you can receive an extension for another six months.  Some people work but due to the type of work they do they never even qualify to receive Unemployment benefits.

Let me give you a personal example. My wife was released from her job in September 2013. She went to the Unemployment Office and they refused to qualify her to receive Unemployment compensation even though she was full-time employed and her work paid into Unemployment. They gave no other reason except YOU DON’T QUALIFY. So guess what? When the Government factored Unemployment rates for 2016 my wife was NOT included in that calculation as they only count people who actually qualify for and receive Unemployment benefits.

If the Government wanted to be honest they would count everyone who is unemployed. They cannot say they don’t know because every month I see news articles stating there are from 94 million to 96 million United States Citizens out of work.

Stop blindly believing everything our Government tells you. Doubt them, don’t trust them, research everything they tell you, find the truth on your own, otherwise you will allow the Government to take advantage of you.


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