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Unemployment rates statistical flaws - Essay Example

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John Williams debunks the political rhetoric that the government has succeeded in creating employment opportunities by increasing part time jobs.Williams unearths the various government statistics and notes that the statistics have been manipulated for political expediency,and do not reflect the actual situation in the market…
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Unemployment rates statistical flaws
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"Unemployment rates statistical flaws"

John Williams debunks the political rhetoric that the government has succeeded in creating employment opportunities by increasing part time jobs. Though the government has reported on a very low unemployment rate, Williams’s implication is that the real unemployment rate was much higher than the reported ones when statistical factors come into the light, meaning the low figures are for political expediency only. Williams implies that the recent statistics where the Bureau of labor statistics indicated a drop in unemployment rates had no meaning in statistics and was only good for misleading the perception of the public. Williams maintains that the economy has been stagnant despite increasing figures and numbers published by the labor body. According to Williams, unemployment proportions have eased off from their highest levels because of the recent surge in hiring employees. On the contrary, the rates have dropped as a result of a high number of discouraged workers that are continuously eliminated from labor-force accounting. Williams debunks several levels of unemployment, although only one of the unemployment levels seems to capture headlines in the news. For example, Williams explains about the Long-term discouraged workers, a group of employees, which BLS struck out in 1994 during Clinton’s presidency from the list of state unemployment measures. The headline numbers in these types unemployment seem to be hidden from the public, with the media playing a huge role in stressing on a single headline and ignoring the rest. Read More
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