{"id":25372,"date":"2014-04-30T06:58:41","date_gmt":"2014-04-30T11:58:41","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=25372"},"modified":"2014-04-30T06:59:59","modified_gmt":"2014-04-30T11:59:59","slug":"disturbing-us-unemployment-figures","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2014\/04\/30\/disturbing-us-unemployment-figures\/","title":{"rendered":"Disturbing US unemployment figures"},"content":{"rendered":"<p><a href=\"http:\/\/www.washingtonsblog.com\/2014\/04\/real-unemployment-rate-20-american-families-everyone-unemployed.html\" target=\"_blank\">Michael Snyder<\/a> says the official unemployment rate actually conceals more than it reveals:<\/p>\n<blockquote><p>According to shocking new numbers that were just released <a href=\"http:\/\/www.bls.gov\/news.release\/pdf\/famee.pdf\" target=\"_blank\">by the Bureau of Labor Statistics<\/a> [PDF], 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job.  That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence <a href=\"http:\/\/endoftheamericandream.com\/archives\/18-stats-that-prove-that-government-dependence-has-reached-epidemic-levels\" target=\"_blank\">has reached epidemic levels<\/a> in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector <strong>by more than 60 million<\/strong>.<\/p>\n<p>[&#8230;]<\/p>\n<p>A number that I find much more useful is the employment-population ratio. According to the employment-population ratio, the percentage of working age Americans that actually have a job has been below 59 percent for more than four years in a row\u2026<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2014\/04\/US-Employment-Population-Ratio-2002-2014.jpg\" alt=\"US Employment-Population Ratio 2002-2014\" width=\"460\" height=\"305\" class=\"aligncenter size-full wp-image-25373\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2014\/04\/US-Employment-Population-Ratio-2002-2014.jpg 460w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2014\/04\/US-Employment-Population-Ratio-2002-2014-150x99.jpg 150w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" \/><\/p>\n<p>That means that more than 41 percent of all working age Americans do not have a job.<\/p>\n<p>When people can\u2019t take care of themselves, it becomes necessary for the government to take care of them. And what we have seen in recent years is government dependence soar to unprecedented levels. In fact, welfare spending and entitlement payments now make up 69 percent of the entire federal budget.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Michael Snyder says the official unemployment rate actually conceals more than it reveals: According to shocking new numbers that were just released by the Bureau of Labor Statistics [PDF], 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,13],"tags":[95,718],"class_list":["post-25372","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-usa","tag-jobs","tag-recession"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-6Be","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/25372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=25372"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/25372\/revisions"}],"predecessor-version":[{"id":25374,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/25372\/revisions\/25374"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=25372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=25372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=25372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}