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From: Freedom Lover (69.1.49.61)
Subject:         What the number does NOT tell you......
Date: February 15, 2012 at 8:03 pm PST

In Reply to: Because as the job situation improved, those who had given up posted by Jack in OH on February 6, 2012 at 1:29 pm:

The unemployment rate has specific limitations. It
can't differentiate between full-time and part-time
jobs. It doesn't account for people who are
underemployed, or working in jobs for which they are
overqualified because they can't find a good job. It
won't tell you how many people have become so
discouraged in their job search that they have given
up hope of finding a job.
But you do have eyes don't you? How many empty
business places do you see that were filled a few
years ago? I live in an area that has consistently
had a number BELOW the national unemployment rate
and I can see the results of this crappy economy
every day. You will be hard-pressed to find anyone
who will tell you they are feeling better off. I
know a lot of people who are under-employed ....
many who WERE in the aerospace and defense
industries. They might not be unemployed but their
standard of living has gone down. Ssme thing with
all the young people graduating from college working
in the restaurants and other low- paying jobs .....
there might be jobs....but where are GOOD jobs?
Hard to find and becoming scarcer everyday.
I bet if you think really hard.... you can think of
some major manufacturing companies that went out of
business in the last 3 years... not from the jobs
going to other countries... they went OUT OF
BUSINESS. My dad's hometown in Indiana.... prime
example. Major manufacturer of motor homes,
manufactured homes, etc... all dried up. Not gone
to another country... just gone.

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