Employment Lies. The Manipulation of US Unemployment Data

June 3, 2016.   Today the Bureau of Labor Statistics announced that the US economy only created 38,000 new jobs in May and revised down by 59,000 jobs the previously reported gains in March and April.

Yet the BLS reported that the unemployment rate fell from 5.0 to 4.7 percent, a figure generally regarded as full employment.

The May jobs increase only covers a small fraction of the monthly growth in the labor force and, therefore, cannot account for the drop in unemployment.

Moreover, the BLS reported that the labor force participation rate fell by 0.2 percentage points, bringing the decline to 0.4 percentage points over the past two months. Normally, a strong labor market, such as one represented by a 4.7% unemployment rate, causes an increase in the labor force participation rate.

The question becomes:  How real is the 4.7% rate of unemployment?

The answer is: Not at all.

The unemployment rate dropped because people unable to find jobs ceased looking and are no longer counted as being in the labor force.  If you are unemployed but not considered part of the labor force, you are not included when unemployment is measured. The BLS says that in May there were 1.7 million Americans who “wanted and were available for work,” but “were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.”

In other words, the unemployment rate is a useless measure of unemployment, just as the consumer price index no longer measures inflation.  What were once useful statistical measures have been converted into good news propaganda.

Another inconsistency is the BLS report that, despite the low unemployment rate, in May almost another one-half million Americans were forced into part-time jobs as full-time employment was not available.

The average work week is no longer 40 hours.  The shrinkage of the average work week to 34.4 hours (May) is another reason for declining real median family income. Assuming 3 weeks of vacation, a 34.4 hour work week is 274.4 hours less per year. At $20 per hour, for example, a 34.4 hour work week produces $5,488 less annual income than a 40 hour week.

The loss of annual income is greater for many.  The average is a result of shorter and longer work weeks. The shorter work weeks that pull down the average are not full-time jobs and therefore do not receive health and pension benefits.

Just as Washington and the presstitute media lie about everything else, they lie about the economy.

The United States of America has beeen reduced to a House of Cards whose foundation is lies.

How long can it stand?



Articles Par : Dr. Paul Craig Roberts

A propos :

Paul Craig Roberts, former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal, has held numerous university appointments. He is a frequent contributor to Global Research. Dr. Roberts can be reached at http://paulcraigroberts.org

Avis de non-responsabilité : Les opinions exprimées dans cet article n'engagent que le ou les auteurs. Le Centre de recherche sur la mondialisation se dégage de toute responsabilité concernant le contenu de cet article et ne sera pas tenu responsable pour des erreurs ou informations incorrectes ou inexactes.

Le Centre de recherche sur la mondialisation (CRM) accorde la permission de reproduire la version intégrale ou des extraits d'articles du site Mondialisation.ca sur des sites de médias alternatifs. La source de l'article, l'adresse url ainsi qu'un hyperlien vers l'article original du CRM doivent être indiqués. Une note de droit d'auteur (copyright) doit également être indiquée.

Pour publier des articles de Mondialisation.ca en format papier ou autre, y compris les sites Internet commerciaux, contactez: [email protected]

Mondialisation.ca contient du matériel protégé par le droit d'auteur, dont le détenteur n'a pas toujours autorisé l’utilisation. Nous mettons ce matériel à la disposition de nos lecteurs en vertu du principe "d'utilisation équitable", dans le but d'améliorer la compréhension des enjeux politiques, économiques et sociaux. Tout le matériel mis en ligne sur ce site est à but non lucratif. Il est mis à la disposition de tous ceux qui s'y intéressent dans le but de faire de la recherche ainsi qu'à des fins éducatives. Si vous désirez utiliser du matériel protégé par le droit d'auteur pour des raisons autres que "l'utilisation équitable", vous devez demander la permission au détenteur du droit d'auteur.

Contact média: [email protected]