Fortune.com attacks Gallup CEO Jim Clifton, Unemployment rate is big lie, Try reporting truth, Use dictionary, Feb 2015 jobs report from Fortune looks like a lie to me, God bless Clifton
“And you shall know the truth, and the truth shall set you free.”…Jesus, John 8:32
“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”
Websters New World College Dictionary
“The unemployment rate isn’t a “Big Lie.” It’s simply one statistic among many that we use to judge the health of the economy.
But the American people don’t need government statistics to tell them whether they are employed or if their economic fortunes are rising or falling. You’d think the CEO of a polling company would know that.”
“Last month’s rate of job growth surpassed economists’ estimates, pushing unemployment down to 5.5%.
What you need to know: February was the 53rd straight month of employment gains in the U.S., and the 12th straight month of job additions above 200,000.”
“The big numbers: The U.S. labor market added 295,000 jobs in February, surpassing economists’ estimates of 235,000 jobs, according to Bloomberg data. The nation’s unemployment rate fell to 5.5% from 5.7% in January and beat analysts’ estimates of 5.6%.
Job gains for January were revised down. January fell to 239,000 from 257,000 jobs. November through January represented the best three-month gain for the labor market since the late 1990s.”
“What you may have missed: February continues to builds on a standout streak of job growth over the past several months, capping off 2014 with 3 million new workers and jumpstarting gains for 2015.
Those gains have continued into February despite brutal weather across the U.S. New England has been digging itself out from a seemingly never-ending string of snow storms, and Chicago logged the coldest February since 1875, according to the National Weather Service..”
43,000 fewer Whites employed in Feb!!!
There were 354,000 more people not in the labor force!
There were 180,000 more people not in the labor force who want a job now!
There were 250,000 more Hispanic/Latino workers employed since December 2014.
Further examination of US Labor Dept. data for the past 6 years reveals a much worse jobs scenario.
So, who is telling the truth and who is telling a lie?