The Real Truth About Unemployment By Billy Stavridis
This Article On The Real Truth About Unemployment Was Written By Billy Stravridis
Here’s something that most Americans including the smartest and most educated don’t know is that the official unemployment rate as reported by the U.S department of labor, is extremely misleading.
Lately we’ve been hearing much celebrating from the media, the White House and the Wall Street Journal about how unemployment has decreased and is now down to 5.6%. If you’re anything like me (a skeptic) and if what the government says sounds somewhat too good to be true, well guess what, it usually is. The medial loves come back stories: the White House is looking to score political points and the Wall Street Journal is looking to stay relevant and alive.
The Real Truth About Unemployment: Finding Work
Neither of which are telling or will tell you the truth, just think of this for a second, if you, a family member or anyone else who’s unemployed has had difficulty finding work and has subsequently given up the Department of Labor no longer counts you as unemployed. That’s right. While you’re as unemployed as one can be (by no fault of your own) you are not considered unemployed and thus not counted in the figures the media advertises. Right now there are approximately 30 million people out of work or severely unemployed.
The Real Truth About Unemployment: Is It Misleading?
Here’s another reason why the official rate is so misleading, say you’re an out of work health-care or engineer worker, construction or retail manager if you perform at a minimum 1 hour of work a week and are paid $20/hr (maybe someone pays you to mow their lawn) you are not considered out of work and therefore not considered unemployed- the government doesn’t count you in the 5.6%, few Americans know this.
Yet another figure of importance that doesn’t get much coverage: those working part-time but really want full-time work or If you have a degree in chemistry or math for example and are working only 10 hours a week because that’s all you can find-in other words (severely unemployed) you also are not counted in those figures, few Americans know this as well. The truth is, the official unemployment rate of 5.6% is very misleading and not the truth by any stretch of the imagination.
The Real Truth About Unemployment: Permanent Versus Temporary
It’s a lie with consequences which cruelly overlooks the long term and permanently unemployed as well as the underemployed, all of which and by enlarge to no fault of their own are subsequently statistics and subjects of the current administration’s policies and clearly the policies of the left and it’s a lie that has consequences, how you ask ? Because it’s the great American dream to have a good job, in recent years America has failed to deliver that dream more so than in recent memory.
The Real Truth About Unemployment: The Ideal Job
A good job is an individual’s primary identity and self –worth not to mention one’s dignity. It establishes relationships they have with friends, family, community and country. When we as a nation fail to deliver a good job that fits a citizens talents, training and experience we are failing the great American dream. A good job is typically defined at 30 + hours per week with an organization that provides a regular paycheck, not too long ago that wasn’t too much to ask for and was the norm. Right now, the U.S. is delivering at a staggeringly low rate of 44% which is the number of full-time jobs as a percentage of the adult population 18 years and older. We need to be around 50% at a bare minimum and at least 10 million new jobs need to be created to replenish America’s middle class.
We hear time and time again that “unemployment “ is reduced but if you really ask the people they’ll tell you there not feeling or seeing it. The Media talking heads, the White House and the Wall street Journal report the truth the percentage 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 reflect the reality in their lives.
About The Author: Billy Stavridis
Billy Stavridis is a writer for Gustan Cho Associates Mortgage And Real Estate Information Center and moderator for Lending Network USA . Billy Stavridis is a real estate investor and is an expert in all areas of real estate from investments, to rentals, and mortgage lending. Billy Stavridis passion is helping others and realizes the importance of helping home buyers realize the dream of home ownership become a reality. Due to the complex mortgage lending guidelines, Billy Stavridis fully understands the importance of helping borrowers who had prior bad credit, lower credit scores, and higher debt to income ratios who need financing. Billy Stavridis is currently training to get his federal NMLS license and is looking forward in starting his new career as a mortgage loan officer with Gustan Cho and his team of mortgage loan originators. We are looking forward to the upcoming new articles by Billy Stavridis in the days and weeks to come. Stay tuned!!!