Pontificus | Pondering the past, present and future…

CAT | Unemployment

We can spend our way out of a recession, right? And the deeper it gets, the more we need to spend, right?1 Check out this video from Citizens Against Government Waste2

China 2030

  1. Sadly, uttered by a Vice President of the United States, Joe Biden, presumably on behalf of his boss, our Dear Leader, the Teleprompter of the United States.
  2. CAGW.ORG

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Climate Change (formerly known as Global Warming) isn’t quite done in the political arena yet.

One would think that the the global warming predictions — and the so-called models they are based on — were sufficiently busted through actual observations of the weather and solid science1 that there would be no further discussion of laws relying on them. But things aren’t so simple when money becomes part of the discussion.

We could still see Cap and Tax (called Cap and Trade by some) enacted, and create yet another job and economy killer for the United States. Visit NoCapAndTrade.com for details.

© 2009, Pontificus. All rights reserved.

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Nov/09

11

What is unemployment, really?

It would seem to anyone briefly touching on the topic of unemployment, that the very definition of unemployment is simple: anyone looking for work but not finding it. Right?

Not so fast. The Bureau of Labor Statistics (BLS) has many methods for computing unemployment, only one of which is presented as the official unemployment rate.

Further, independent third parties provide their own computations for unemployment rates as they would be performed in other countries, or using methodology BLS applied in the past, but has since changed.

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