February 4, 2015

Gallup Calls Unemployment Rate ‘The Big Lie’

For years, the right media has argued that the Bureau of Labor Statistic’s U6 number was a better way to measure the unemployed in the country, rather than the oft-reported U3, which only amounts to government propaganda. On Tuesday, Gallup had some strong words about the way unemployment is talked about in the media, by politicians and economists. In an opinion piece, Chairman and CEO of Gallup Jim Clifton called 5.6% unemployment “The Big Lie.” As the government counts unemployment now, an American is not unemployed if they work only an hour a week, struggle with a part-time job, or are out of work longer than four weeks. Clifton writes, “Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America’s middle class.” Put that way, the U.S. economy has barely held on and the drop in gasoline prices has been a silver lining. Hopefully, this shocks the media into having an honest conversation about jobs. More…

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