This page has been archived and commenting is disabled.

Beveridge Curve Enters Twilight Zone

Tyler Durden's picture





 

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

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 02/08/2011 - 12:56 | Link to Comment ak_khanna
ak_khanna's picture

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

Tue, 02/08/2011 - 15:48 | Link to Comment Dont Taze Me Bro
Dont Taze Me Bro's picture

+1

Tue, 02/08/2011 - 13:06 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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.

Tue, 02/08/2011 - 13:03 | Link to Comment Rainman
Rainman's picture

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

Tue, 02/08/2011 - 13:10 | Link to Comment cougar_w
cougar_w's picture

Rudolf von Bernankestein

Instant classic.

Tue, 02/08/2011 - 13:12 | Link to Comment Dr. Engali
Dr. Engali's picture

Rudolf von Bernankestein :) only at the hedge.

Tue, 02/08/2011 - 13:13 | Link to Comment SayTabserb
SayTabserb's picture

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?

Tue, 02/08/2011 - 15:20 | Link to Comment New_Meat
New_Meat's picture

your questions answer themselves, n'est ce pas?

Tue, 02/08/2011 - 13:14 | Link to Comment Point Being
Point Being's picture

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

 

Follow the Yellow Brick Road, lads...

Tue, 02/08/2011 - 13:14 | Link to Comment braveneweconomy
braveneweconomy's picture

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.

Tue, 02/08/2011 - 13:23 | Link to Comment SheepDog-One
SheepDog-One's picture

Im sure its all very reliable statistics.

Tue, 02/08/2011 - 13:16 | Link to Comment gwar5
gwar5's picture

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.

 

Tue, 02/08/2011 - 13:21 | Link to Comment searcher68
searcher68's picture

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

Tue, 02/08/2011 - 13:28 | Link to Comment assumptionblindness
assumptionblindness's picture

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.

Tue, 02/08/2011 - 13:38 | Link to Comment Yen Cross
Yen Cross's picture

Intellectual Metaphors? Isn't that a bit oxymoronic?

Tue, 02/08/2011 - 13:43 | Link to Comment macholatte
macholatte's picture

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

 

 

Tue, 02/08/2011 - 14:57 | Link to Comment topcallingtroll
topcallingtroll's picture

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

Tue, 02/08/2011 - 13:59 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Somebody put a lid on the metals!

They are hampering our rapecovery!

Tue, 02/08/2011 - 14:06 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

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....

Tue, 02/08/2011 - 14:37 | Link to Comment haskelslocal
haskelslocal's picture

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... 

Tue, 02/08/2011 - 14:53 | Link to Comment topcallingtroll
topcallingtroll's picture

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.

Tue, 02/08/2011 - 16:07 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

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.

Tue, 02/08/2011 - 15:17 | Link to Comment ivana
ivana's picture

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

Wed, 02/09/2011 - 01:11 | Link to Comment StychoKiller
StychoKiller's picture

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...

Tue, 02/08/2011 - 15:49 | Link to Comment blunderdog
blunderdog's picture

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.

Tue, 02/08/2011 - 15:52 | Link to Comment ThirdCoastSurfer
Do NOT follow this link or you will be banned from the site!