On May 19, 9:31*am, John Smith wrote:
On 5/19/2011 9:11 AM, bpnjensen wrote:

...
It's not a lie, it's the way the Unemployment Indices are calculated.
The calculation - which misses anyone who is not aplying for or
collecting unemployment - is done that way because it has to be -
there is no way to keep an actual record other than this statistic
without becoming Big Brother. *It's unfortunate but true. *The net
result is that is underestimates unemployment in the worst times by a
factor of about 100% plus. *In good times that underestimate is still
there, but probably a lot less, and more people are rotating in and
out of jobs instead of being semi-permanently unemployed, so the true
long-term unemployment is closer to zero.

Bruce Jensen

Most likely, very similar to the "new jobs created."

You never see them, you never benefit from them, you don't know anyone
who has ever had one ... but to those with a religious belief, they are
there!

ROFLOL

When you think about it, kinda like trying to sell water to a drowning
person!

Regards,
JS

Frankly, new jobs are not created until there is a demand for the
product or the service. When the general public has no money or is
paranoid about where their next meal is coming from, the demand drops
precipitously. A vicious cycle with few options to prevent
stagnation.