The jobs numbers came out last week and the numbers showed a downward trend on unemployment from 8.3% to 8.1%. What the report did not point out was how many people just left the job force. It also did not report how many people dropped off unemployment records who have used up their 99 weeks, but still have not found employment. But, not to worry if you are a government worker, because your employment seems relatively safe. Government workers are doing just fine with a 5.1% unemployment figure.
The unemployment numbers for government workers published by the Bureau of Labor Statistics are not seasonally adjusted.
The Bureau of Labor Statistics counts someone as a government wage and salary worker if they are not in the military and they are currently employed by any level of government—local, state or federal—or they are unemployed, they are looking for work, and their last job was for any level of government.
The 5.1 percent unemployment rate for government workers was the lowest unemployment rate for any of 17 different categories and subcategories of industries for which employment is tracked and published on a month-to-month basis by the Department of Labor. These include nonagricultural private wage and salary workers; mining, quarrying, and oil and gas extraction workers; construction workers; manufacturing workers; durable goods manufacturing workers; nondurable goods manufacturing workers; wholesale and retail trade workers; transportation and utilities workers; information workers; financial activities workers; professional and business services workers; education and health services workers; leisure and hospitality workers; workers in other services; agricultural and related private wage and salary workers; and self-employed, unincorporated and unpaid family workers.
The private sector shrinks as government gets bigger, even in its employment. But even the numbers touted for private sector unemployment are not even realistic. The real numbers of the private sector are closer to 23%. This is determined by what is referred to as the Alternative Unemployment Statistic. Michael Collins explains how it works:
There was a shadow over the national conventions of both political parties. The people know that the economy is much worse than anyone in the power structure will admit. As usual, the people are right. The real rate of unemployment is 23%, not the official figures we hear on a regular basis. The 23% figure represents all of those unemployed no matter how long, the involuntarily under employed (part time), and those who have given up looking, the discouraged, due to an chronically arid job market. If either wing of The Money Party, Democratic or Republican, admits to the the real unemployment situation, they would be forced to admit a complete system failure and compelled to act now. There would be no choice but to drop the nonsense about austerity and balanced budgets.
Here is how the fantasy of the official unemployment figure works.
Official unemployment includes those who are both unemployed during the week of the Bureau of Labor Statistics (BLS) survey and without a job for the prior four weeks.
Back on June 8 of this year when Barack Obama claimed, "“The private sector is doing fine. Where we're seeing weaknesses in our economy have to do with state and local government, oftentimes cuts initiated by, you know, governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don't have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.”
Apparently Obama had his wires crossed as the government sector is fairing much better than the private sector is currently.Don't forget to Like Freedom Outpost on Facebook, Google Plus, & Twitter. You can also get Freedom Outpost delivered to your Amazon Kindle device here.