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Unemployment Rate Goes Down, Deadbeat Rate Goes Up; Rush Limbaugh Proven Correct.

<p>Radio personality Rush Limbaugh and others have questioned the Bureau of Labor Statistics unemployment rate as a valid measure of economic improvement&period; Naturally there are political reasons why the Obama administration would want to show 2010 numbers as weak as possible &lpar;blamed on President Bush&comma; of course&rpar;&comma; and make 2015 numbers look as rosy as possible&period; &nbsp&semi;Republicans have the opposite motivation&period;<&sol;p>&NewLine;<p>Some simple calculations reveal a serious discrepancy&comma; in our opinion&comma; between two government organizations with reputations for precision&period;<&sol;p>&NewLine;<p>If one assumes the Census Bureau and the Bureau of Labor Statistics know what they are doing &lpar;and I do&comma; in the absence of concrete conspiracy data&rpar;&comma; the numbers become pretty interesting&period; &nbsp&semi;I&&num;8217&semi;m an engineer by training so numbers are my game&period; &nbsp&semi;The data&nbsp&semi;below are from these two government organizations&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; center&semi;">&lpar;click to enlarge&rpar;<&sol;p>&NewLine;<p><center><a href&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;BLSstats-1&period;jpg" target&equals;"&lowbar;blank" rel&equals;"noopener"><img src&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;BLSstats-1&period;jpg" alt&equals;"" width&equals;"450" border&equals;"0" &sol;> <&sol;a><&sol;p>&NewLine;<p> <a href&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;BLSstats-2&period;jpg" target&equals;"&lowbar;blank" rel&equals;"noopener"><img src&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;BLSstats-2&period;jpg" alt&equals;"" width&equals;"400&sol;" border&equals;"0" &sol;><&sol;a><&sol;center><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>If you subtract people older than 65 and younger than 18 to determine a working age adult population&comma; then in 2010&comma; 78&period;8&percnt; of working age adults were part of the BLS estimated work force&period; &nbsp&semi;In 2015&comma; only 77&period;7&percnt; of working age adults are included&period;<&sol;p>&NewLine;<p>This puts&nbsp&semi;21&period;2&percnt; of adults in 2010 in the &&num;8220&semi;deadbeat&&num;8221&semi; class who are not counted as part of the work force&period; &lpar;Yes&comma; I realize this is an entirely unfair classification&comma; since this would include stay-at-home moms who work VERY hard&comma; the handicapped&comma; etc&period;&rpar;&period; &nbsp&semi;In 2015 the &&num;8220&semi;deadbeats&&num;8221&semi; are 22&period;3&percnt; of working age adults&period;<&sol;p>&NewLine;<p>By my calculations&comma; this means we should have an additional 2&period;4 million people in our work force&period; &nbsp&semi;Why does the BLS estimation fall short&quest;&nbsp&semi;<&sol;p>&NewLine;<p>The stay-at-home mom and handicapped populations have been relatively stable over this period&period; So where did this group of 2&period;4 million extra workers&nbsp&semi;go&quest; Could they be a part of the new welfare population under the Obama administration&quest; &nbsp&semi;Are these indeed brand new &&num;8216&semi;deadbeats&period;&&num;8217&semi; Maybe they are potentially hardworking people who have just given up on&nbsp&semi;finding work&quest;<&sol;p>&NewLine;<p>By 2010 standards the unemployment rate should&nbsp&semi;be about 6&period;7&percnt;&period; Obviously not quite the political feather in cap the current BLS estimated 5&period;1&percnt;&period;&nbsp&semi;<&sol;p>&NewLine;<p>We conclude Mr&period; Limbaugh is correct&comma; something is indeed wrong with these statistics&comma; or at least how they are interpreted for the American public&period; &nbsp&semi;The unemployment picture is not as the Obama Administration has painted it&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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