Beveridge Curve Enters Twilight Zone

Thanks to the Department of Central Planning, the Beveridge Curve has recently entered the twilight zone. According to the latest job opening rate, the unemployment rate should be around 6.5%. In reality, when accounting for the record 6.6 million persons not in the labor force who want a job now, not to mention the millions of others who are not even counted in the labor force, the true jobless rate (U-3) is somewhere around 12%! In fact, if one were to represent the data in a fashion that captures reality, the curve would start resembling that of a volatility smile, which is odd now that the only Put in the market is that of one Rudolf von Bernankestein. But such are the vagaries of data reporting in a regime whose only purpose is to represent the positive side effects of 1,000% RDA consumption of hopium.

Source: B(L)S

Comments

[ak_khanna]

The developed countries cannot create jobs in their own country as the major multinatio­­­­­nal companies have permanentl­­­­­y shipped the manufactur­­­­­ing and service jobs to the low cost developing countries to maximize their own profits.Th­­e rich corporatio­­ns and the too big to fail bunch of banksters have a lot of influence on the political class, the rule makers and the rule enforcers due to their enormous purchasing power. So irrespecti­­­­­­­ve of the position in the government­­­­­­­, everyone works for their benefit.

The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.

http://www­.marketora­cle.co.uk/­Article245­81.html

[Dont Taze Me Bro]

+1

[Cognitive Dissonance]

Judging from the chart, Hansel and Gretel are now lost in the woods. Quick, summon the QE Wolf for some mouth to mouth resuscitation.

Paging Doctor Bernanke.

[Rainman]

Reality cannot be captured any longer. Reality must be created. This is the order from High Command.

[cougar_w]

Rudolf von Bernankestein

Instant classic.

[Dr. Engali]

Rudolf von Bernankestein :) only at the hedge.

[SayTabserb]

Just as a passing thought, is there some reason Hilda Solis, the Secty of Labor fer cryin out loud, never even gets mentioned when we're talking about the biggest underlying problem in the country, a lack of good jobs for America's "permanent underclass?" Just curious. Is she supposed to be able to do something, or is she just Obama's way of saying thanks for delivering the Latino vote?

[New_Meat]

your questions answer themselves, n'est ce pas?

[Point Being]

Bernankenstein: effectively...giving us the (sur)Reality Nature never could.

Follow the Yellow Brick Road, lads...

[braveneweconomy]

According to the latest job opening rate, the unemployment rate should be around 6.5%.

Does this mean that there are enough jobs for people and they're just not filling them for whatever reasons? Maybe they're comfortable on welfare/foodstamps? If that's the case, then this is actually pretty good news for the economy if there are plenty of jobs available.

[SheepDog-One]

Im sure its all very reliable statistics.

[gwar5]

I thought the true jobless rate was even higher -- like about 16%. 

But it doesn't matter, it's officially whatever Bernakicide wants to pretend it is.

[searcher68]

That's U6. TD was quoting U3. I thought the same thing

[assumptionblindness]

Tyler, you kill me.  In one paragraph of witty prose you swing a 2x4 against the heads of keynesian schooled economists.  The Bernank = Rudolf Havenstein (of German central bank/Weimar Republic hyperinflation fame)  What kind of a mind comes up with stuff like this and 1,000% RDA of hopium?  Thanks for the continued flow of amusing intellectual metaphors.

[Yen Cross]

Intellectual Metaphors? Isn't that a bit oxymoronic?

[macholatte]

I am missing something here or have fallen for another April Fool joke in February.

According the US BLS

U3 = 10.6%   NOT 12%

U5 = 12%

U6 = 18%   NOT 12%

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)

U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force

Here.....

http://www.bls.gov/news.release/empsit.t15.htm

[topcallingtroll]

You didnt miss anything. TD wants to change the definition of U3 unemployment.

[Cash_is_Trash]

Somebody put a lid on the metals!

They are hampering our rapecovery!

[orangedrinkandchips]

Was it JUST ME or was I crazy but at this years superbowl there were a well above average of 'Patriotic'(read: propa-ganda)for the old USA. We are going to hell in a handbasket and yet they (I will call him Obama instead of what I wish to call him now) continue, I mean HAVE TO, pump hope into the system. Sure you fucking jerk I cant eat cause I cant afford shit on the dollar menu but you are having the time of your fucking life.

but seriously, especially right before and into the 1st quarter. Huge military ad's, then ad's about how the USA has gone through rough times before.

One word: NAZI.

Normally you see butt-light ads over and over but this was propaganda central.

But then it was just me....

[haskelslocal]

OrangeDrinkChips.... You're either a) propaganda yourself, posing as a "president hater" and using conter-intellegence to presuade people to deflect the blame from places like The Fed towards the administration....Or... b) You're trying to blame your T.V. on your couch potato life style. "It's not the remote that dulls people, it's People who dull people!" Either way, check it at the gate... 

[topcallingtroll]

Saying all those people who havent looked for a job in the last four weeks belong in u3 violates the definition of u3. Those people are a different class of workers and belong in the other U's. Unemployment and a desire for work is complicated and one has to look at all the u's plus the telephone employment survey plus the percentage of population employed to get a better job picture. If you havent looked for work in the last four weeks but claim you want.a job then you are a turd. Not the good turd like ferguson, but a T1 turd, the first level turd. A T6 turd is my brother in law who hasnt worked for years, mooches off others, and loudly proclaims.his desire to work if he could only find a job.

[Pseudo Anonym]

that of one Rudolf von Bernankestein.

Is that the same heeb I referred to in the past as shtadlan Reb. Shalom Bernookystein? The hofjuden's lapdog puppy? That's what I want to know.

[ivana]

ha ha ha great chart ... that's exactly how reality looks like after hijacked by banksters and "economists"

[StychoKiller]

Looks more like someone withdrew a worm from the inkwell and tossed it on a piece of paper.  Probably an accurate reflection of the randomness of reality as of late...

[blunderdog]

Using the number of job openings to calculate the unemployment rate is like using a concert price to calculate how many platinum records the band sold.

Bad math.

[ThirdCoastSurfer]

Mexico's unmployment rate is 4.94%

http://www.ibtimes.com/articles/103680/20110121/mexico-dec-unemployment-...