Obama's 43%

There are now two statistics President Obama and his campaign will be mentioning frequently during the final month leading up to the election; the September Bureau of Labor Statistics Report  showing a drop in the unemployment rate to 7.8 percent, and what Obama and his campaign likes to call the 47 percent of Americans Mitt Romney wrote off trying to persuade during a private donor speech.

But there's another statistic you will rarely if ever hear Obama and his campaign mention on the stump; it's the 43 percent of Americans that are identified in the BLS Report as unemployed but not considered in its official calculations of the monthly unemployment rate.

Obama's unmentionable 43 percent of unemployed Americans can be easily calculated. The BLS Report shows 6.5 million people counted as out of the labor force but wanting to work, and 2.5 million more classified as marginally attached. That adds up to 9 million unemployed.  Add that 9 million number to the 12.1 million unemployed that the BLS only uses to calculate their monthly unemployment rate and you get a total of 21.1 million unemployed Americans. Those 9 million unemployed Americans amount to 43 percent of the 21.1 million.

Let's call them Obama's 43 percent because the president is actually only concerned about the "calculated" unemployed Americans that get him to a 7.8 percent unemployment rate a month away from the election, otherwise he would have to acknowledge the other unemployed 43 percent and also admit that the real unemployment rate is actually about 11 percent. But that would be expecting Obama to be president of ALL the people - including the 57 percent.

Maybe during their next debate if Obama brings up Romney's 47 percent Romney will come back with Obama's 43 percent? 

 

Note: The original version of this post used the number 57% instead of 43%. The corrected version is above.





There are now two statistics President Obama and his campaign will be mentioning frequently during the final month leading up to the election; the September Bureau of Labor Statistics Report  showing a drop in the unemployment rate to 7.8 percent, and what Obama and his campaign likes to call the 47 percent of Americans Mitt Romney wrote off trying to persuade during a private donor speech.

But there's another statistic you will rarely if ever hear Obama and his campaign mention on the stump; it's the 43 percent of Americans that are identified in the BLS Report as unemployed but not considered in its official calculations of the monthly unemployment rate.

Obama's unmentionable 43 percent of unemployed Americans can be easily calculated. The BLS Report shows 6.5 million people counted as out of the labor force but wanting to work, and 2.5 million more classified as marginally attached. That adds up to 9 million unemployed.  Add that 9 million number to the 12.1 million unemployed that the BLS only uses to calculate their monthly unemployment rate and you get a total of 21.1 million unemployed Americans. Those 9 million unemployed Americans amount to 43 percent of the 21.1 million.

Let's call them Obama's 43 percent because the president is actually only concerned about the "calculated" unemployed Americans that get him to a 7.8 percent unemployment rate a month away from the election, otherwise he would have to acknowledge the other unemployed 43 percent and also admit that the real unemployment rate is actually about 11 percent. But that would be expecting Obama to be president of ALL the people - including the 57 percent.

Maybe during their next debate if Obama brings up Romney's 47 percent Romney will come back with Obama's 43 percent? 

 

Note: The original version of this post used the number 57% instead of 43%. The corrected version is above.





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