“It’s a hard cut off, there is no phase out. Nobody gets squat after December 31!”-Bob Fick, U.S. Department of Labor

The U.S. government is ending long term unemployment help (stop calling it “benefits” main stream U.S. media!!!).  Emergency unemployment compensation is being reduced from 53 weeks, to just 13.  Another program known as extended benefits is being ended altogether.

As a result, in the state of Idaho overall maximum unemployment help will drop from 99 weeks to 39!

The official U.S. unemployment rate is at 8.2%, Idaho’s official unemployment rate is around 8%. But that doesn’t mean companies are hiring enough people.

April 9, 2012, U.S. stock markets dropped because of news that hiring is not what everyone thought it was. The U.S. Department of Labor announced that 120,000 jobs were created in March.  That’s 80,000 less than expected!

Many “experts” were sure it would be more than 200,000!   In fact many of those “experts” now think the job gains of the previous three months were temporary, and more losses are to come: “We’re thinking that the economic data is going to lose some momentum from here going forward.”-Bob Baur, Principal Global Investors

Even Federal Reserve chairman Ben Bernanke said the recent drop in official unemployment numbers was “out of sync”.

Teenagers continue to get hit hard with lack of jobs.  The official rate of unemployment for them is 25%!  The highest rate since last year, and getting close to the all time record of 25.5% in 2009 (the highest since 1948)!

Here’s a fact: There are 5.1 million less U.S. jobs now, than in December 2007! The U.S. economy needed to create at least 4.7 million new jobs since then, in order to “recover”, and it has not!

Here’s another interesting fact about the official unemployment numbers game:  New York City is considered to have made a faster “recovery” than the rest of the country, yet their unemployment numbers have gone up!  They’re now around 9.6% unemployment, close to the 10% they hit in 2009.

This is just an example of how you can’t trust the “official” numbers.  Remember, the official unemployment rate does not count people who have been unemployed for so long they no longer qualify for unemployment assistance. Also, the Department of Labor issues at least six different “unemployment numbers”.

U-3 is the one the main stream U.S. media runs with.  It’s the one giving us the 8.2% rate for March.  The Department of Labor calls it the “official unemployment rate”.

But there is also U-6, and it says the unemployment rate is 14.5%!  It’s also known as the “under-employed”, which means people who are working part time but want full time work.  The Department of Labor said there were 7.7 million under-employed people in March 2012.

U-1 is also the “employment to population rate”, which looks at how many people have jobs, and it says 58.5% of the people have jobs.

Then there’s U-4 and U-5 (aka “long term unemployment” or “discouraged workers”) numbers which tries to count people who’ve been out of work for more than six months. It’s now at 5.3 million long term unemployed.

There’s also U-2 which tries to count people who just lost their jobs.

It’s confusing, especially when you get to the “discouraged” calculations.  Examples: U-4 is U-3 + “discouraged workers”.  U-5 is U-4 + “marginally attached workers”.  U-6 is U-5 + “part time workers who want full time work”.

The bottom line is that there are millions of people in the United States still without jobs, or without good paying jobs, and that is a sign that there is no economic recovery.