The Fiction Behind The Unemployment Number

The Fiction Behind The Unemployment Number

Many Americans sit at home scratching their heads as the Administration continues to boast about recent unemployment numbers. The reality is that, for many in this country, little has changed: jobs are still hard to find, family budgets continue to tighten, and taxes are on the rise. So how can the government continue to benefit from this purportedly glowing unemployment number? Gallup recently released an article that exposes reality and debunks the myth that all is well in the unemployment arena. According to Gallup, “Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is ‘down’ to 5.6%. None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast ‘falling’ unemployment.”

While fiction may be fun to read, it does nothing to advance the dire circumstances of a vast number of Americans. Basing actions on false narratives has the potential to severely undermine the well-being of Americans who so desperately wish to earn financial security for themselves and their loved ones. It’s time to let the celebration end and reality begin.

 

Click here to read the full Gallup article. 

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