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The Big Lie: 5.6% Unemployment

February 3, 2015

The Big Lie: 5.6% Unemployment.

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.

I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth — the percent of Americans in good jobs; jobs that are full time and real — then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.

121 percent

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One Comment leave one →
  1. February 3, 2015 6:52 pm

    We aren’t “feeling” it because it isn’t happening–and we don’t base decisions on how things “feel” in the first place. We have over 90 MILLION able-bodied Americans who aren’t working for one reason or another. That’s getting awfully close to 30% of the entire population of the U.S.

    Like

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