Saturday, June 2, 2012

COULD IT BE THAT TRUE UNEMPLOYMENT IS AT 57%?

Donald Hank TELLS THE TRUTH ABOUT UNEMPLOYMENT DATA!
 
Reading just now about unemployment, I was inspired to do a rough calculation of REAL unemployment. I say "rough" because the most recent census reports I could find for working age Americans were from 2010. But note that these "working age" numbers are way on the high side. I estimated from ages 18 to 64, but that adds in a lot of people who don’t belong in this group: college students, who would be around 21 or 22 by the time they hit the work force, and a very large number of people who retired at 60. So I think we can assume that this number is actually oversized, at least enough so to account for the unknown increase since 2010. Thus I think we can work with them. If you add up the two groups reported in the working age bracket, 18-44 with a total of 112,183,705, and 45-66, with a total of 61,952,636, you get a total of 174,136,341 working age people.
Now, there are a lot of articles on the internet stating that the actual number of unemployed of working age is around 100 million. So that means that if roughly 175 million are of working age and 100 million are unemployed, then over HALF of us, or 57% are unemployed, and of course, that doesn't count in the millions of illegal aliens here uncounted.
Could my math be that far off?
If there are any math wizzes reading this and you see an error here, or if you see any other problems with this rough calculation (besides the limitations I mentioned), please let me know.
Now, obviously, not all Americans want to work or can even if they had jobs. There are a lot of stay-at-home wives and a few house husbands, for example.
But no matter how you look at it, 43% of us working stiffs are supporting the other 57% working age non-working stiffs, whether willingly or not.
Further, apparently 46 million of us are on food stamps.
None of this comes even close to matching up in any way, shape or form with the 8.2% unemployment reported by the government.
America will never find a solution as long as Americans are kept in the dark about the problem.
Don Hank
 
100 million working age Americans are out of work:
 
Total working age Americans in 2020 (most recent available) was 174,136,636:
 
The hidden unemployed:
 
Only 45% of Americans are working.

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