by Old Tulsan
http://www.counterpunch.org/roberts11082010.html
Paul Craig Roberts: Phantom Jobs
“…Another fact that is seldom, if ever, reported, is that the payroll jobs data reports the number of jobs, not the number of people with jobs. Some people hold two jobs; thus, the payroll report does not give the number of employed people….”
http://www.counterpunch.org/lindorff11092010.html
Dave Lindorff: BS From the BLS
They reference John Williams ShadowStats.com site:
http://www.shadowstats.com/
Shadow Government Statistics : Home Page
http://www.shadowstats.com/alternate_data/unemployment-charts
Alternate Unemployment Charts
“The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment…”
