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CEO of Gallup calls jobless rate 'big lie' created by White House, Wall Street, media
Key Excerpts from Article on Website of Fox News
Posted: February 16th, 2015
http://www.foxnews.com/politics/2015/02/05/ceo-venerable-gal...
The chairman of the venerable Gallup research and polling firm says the official U.S. unemployment rate is really an underestimation and a big lie" perpetuated by the White House, Wall Street and the media. What CEO and Chairman Jim Clifton revealed in his blog Tuesday about how the Labor Department arrives at the monthly unemployment rate is no secret -- including that Americans who have quit looking for work after four weeks are not included in the survey. The department's current rate of 5.6 percent unemployment is the lowest since June 2008, with President Obama using his State of the Union address and campaign-style stops across the country to tout an economic recovery. There's no other way to say this, Clifton says. The official unemployment rate amounts to a big lie. His arguments are similar to those made by Washington Republicans after the Bureau of Labor Statistics announced the rate each month during the height of the recession. However, Gallup is an 80-year-old, nonpartisan firm. Clifton suggests the biggest misconception about the official rate is that it doesnt denote good full-time jobs. When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren't feeling something that doesn't remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class, he said.
Note: Read the article by Gallup CEO Jim Clifton showing that the US official unemployment rate of 5.6% is very misleading. Gallup research finds 44% of US citizens available to work are not getting enough work. Fox News was the only media source to report on this story without attacking Clifton for his comments.
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