Tier V And Unemployment: Ongoing Census Lay Offs Helping Drive Up Rate

By Donald Griffith on September 4, 2010, 12:23 pm

Tier V is a possible extension of Unemployment to those whose benefits have already run out. In other words the 99ers. This is not likely to come about because the main Unemployment Statistics do not include the 99ers. However, they are part of the part-timers and people who have stopped looking for work and dropped off the radar. Unfortunately, most citizens do not look at the U6 statistics. They are only interested in the headline statistic.

Census Workers Just About Done

The Census layoffs are just about finished and will no longer pull down the employment figures. However, that means if the Unemployment situation continues to be bad, there will be no excuses to cover up for the bad economy.

The statisticians can say that the Unemployment went up because more people have joined the labor force and forced the figures up. This is another way of saying people entered the labor force because the prospects of finding a job are better than ever. Dream on!

Unemployment Here To Stay

A nation that depends on debt and purchasing by consumers of cheap Asian goods is a dying economic entity. Though the Japanese are an aging and dying population, they at least make cars at home and abroad. Our cars are assembled in Mexico, at least many of them.

 

Service sector jobs are scarce, since the amount of space for retail has been too high and is declining. Witness the collapse of the commercial real estate market. Times are tough and there are theories about where jobs will be created. These philosophical theories are products of the college classroom. By the way, the figures on Unemployment between college graduates and non-graduates have almost equalized.

Related posts:

1. Jobless Claims On Rise: But The Numbers Given Can Be Subjective
2. Are Jobs Really Starting To Go In The Right Unemployment Direction?
3. Unemployment Extension Tier 5: Is There Any Hope At All
4. Unemployment News: Lots Of Government Doctoring – Now Phantom Jobs
5. 7000 Government Jobs Gained – All Other Sectors Lost