![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaUnemploymentMath.jpg\"\/)
RUSH: Derrick in Mesa, Arizona. I\u2019m glad you called, sir. Great to have you with us.<\/p>\n
CALLER: Good afternoon, Mr. Limbaugh. It\u2019s a pleasure to speak with you.<\/p>\n
RUSH: Thank you, sir.<\/p>\n
CALLER: I have a question about something that you touched on about a month ago, and I\u2019m not sure if — you know, I need your expertise helping clarify this.<\/p>\n
RUSH: Happy to help out here.<\/p>\n
RUSH: No, March was 8.2%.<\/p>\n
CALLER: Okay.<\/p>\n
RUSH: We lost jobs, but the unemployment number went down.<\/p>\n
CALLER: ‘Cause they took away jobs from the universe of jobs.<\/p>\n
RUSH: Well, yeah, they just erased some jobs from the universe, and some people stopped looking, and, yeah, monkeying around with the numbers.<\/p>\n
CALLER: Well, my question is, is this just monkeying around or is it something deeper? My question is, when people run out of unemployment benefits, they get dropped off, they\u2019re not counted anymore. One of the excuses that I heard about the unemployment number not going down as much as it should have was that the people that had stopped looking suddenly came back. How are they counted?<\/p>\n
RUSH: Because they\u2019re counted again. The way it works is this. There\u2019s two numbers involved here. The government calls the number that is reported every month U3, the letter U and three.<\/p>\n
CALLER: Right.<\/p>\n
RUSH: And that consists of people who are looking for jobs, actively seeking work, but can\u2019t find any, period. The U6 number counts people who are not looking for jobs and who have given up looking for jobs, and that number is around 12, anywhere 12 to 15%. The U3 number that gets reported every month, that\u2019s the one that\u2019s 8.2% for March.<\/p>\n
CALLER: Okay.<\/p>\n
RUSH: When people have zoomed past their 99 weeks of unemployment, and they have stopped looking, when they come back and start looking for work, they are counted again.<\/p>\n
CALLER: How do they know to count them? I\u2019m thinking myself, if I were in that situation and I —<\/p>\n
RUSH: They don\u2019t.<\/p>\n
CALLER: — was on unemployment —<\/p>\n
RUSH: They don\u2019t. They monitor a certain number of businesses, they have a statistical program with a computer, and they just assume, they poll business and so forth, but they assume, there\u2019s a lot of assuming that X-number of people who have been out of work and not looking for work for a while start looking again. If they\u2019ve been out of work for years and say they haven\u2019t looked for work, they\u2019re no longer unemployed. But they poll 60,000 households to get this number, is basically what they do, 60,000 households and then some businesses, and they just assume that a certain percentage — all this is a wild guess.<\/p>\n
But the thing that you can\u2019t forget here, and I keep drilling this into people, the labor force participation rate, meaning the total number of jobs that are out there for people to fill is down by over two million. There are two million fewer places to work since Obama was inaugurated. Well, if you lower the universe of jobs and then divide in that the number of people looking, you\u2019re obviously gonna have a smaller unemployment number, which is also happening. The bottom line is, there is no massive new job creation going on, and there isn\u2019t any economic growth to speak of. That\u2019s all you need to know.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Derrick in Mesa, Arizona. I\u2019m glad you called, sir. Great to have you with us. CALLER: Good afternoon, Mr. Limbaugh. It\u2019s a pleasure to speak with you. RUSH: Thank you, sir. CALLER: I have a question about something that you touched on about a month ago, and I\u2019m not sure if — you know, […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n