BECKER: “CAROLYN WON’T COME CLEAN ON UNEMPLOYMENT”
BECKER: “CAROLYN WON’T COME CLEAN ON UNEMPLOYMENT”
After questioning federal Bureau of Labor Statistics methodology, Republican congressional candidate points to little-noticed 14.6% “U6” BLS data showing true unemployment rate;
No comment from 16-Year Democrat incumbent Congresswoman Carolyn McCarthy
While the unemployment rate reported by the US Bureau of Labor Statistics last week at a still-staggering 7.8 percent, that figure is referred to on BLS data as “U3.” The U3 number is derived from the people who have applied for unemployment benefits. If you don’t file for benefits or aren’t eligible for benefits in the first place, or if your benefits have expired, you don’t count in the BLS unemployment figure.
“It’s still the economy,” said Legislator Fran Becker, Republican candidate for Congress in New York’s Fourth Congressional District. “That’s the number one issue out there. Today’s uncertain economic climate is very worrisome. And Carolyn won’t come clean on unemployment,” charged Becker.
The BLS U3 rate also does not include what the federal government terms “long-term discouraged” statistic, like out-of-work self-employed individuals. A different statistic, the “U6” figure, is the broadest measure of unemployment in the labor market and more reflective measure of actual unemployment. U6 measures the total unemployed, including total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
The U6 figure measuring total unemployment stands at 14.7% in the latest BLS data. (Source: Bureau of Labor Statistics, Table A-15, Alternative Measures of Labor Underutilization. October 5, 2012. http://www.bls.gov/news.release/empsit.t15.htm)
“The economy is the only issue that Nassau’s working families and seniors, no matter their age, ask me about at every campaign stop. I’m besieged by unemployed and underemployed neighbors – part of Long Island’s great Middle Class – who unfortunately are just scraping by. And it doesn’t have to be. Our Congresswoman unfortunately doesn’t understand that,” Becker noted.
“Carolyn McCarthy can not hide from the fact that under her leadership, the Middle Class are being buried, to borrow a phrase from the Vice President. Carolyn McCarthy has been in office for close to two decades; why isn’t she doing anything to improve the economic climate in Nassau County? Why’s she staying silent? Does she even understand there’s a problem?” asked Becker.
While chronic unemployment and much-needed job creation should be the focal point of this year’s Congressional election, 16-year incumbent Democrat Carolyn McCarthy has done everything in her power to divert attention from it. Her most typical tactic? Not saying anything to anyone and not even recognizing there’s a problem.
“My Middle Class Jobs Plan that I’ve been touting for months will create jobs, spur economic development and reverse the high-unemployment rate still affecting Long Island for the past four years,” said Becker.
The Becker Middle Class Jobs Plan will jumpstart our economy through job creation right here in Nassau County, on Long Island and across our country. It’s a commonsense plan to fix today’s uncertain economic times.
The tenants of the Becker Middle Class Jobs Plan are:
Fixing the tax code to help job creators
- Eliminating loopholes, giveaways and special tax breaks that litter all of America’s tax code;
- Requiring people to pay only their fair share to generate economic expansion and create jobs;
- Setting the top tax rate at 25% for job creating businesses to level the playing field with our competitors, generate investments and create local jobs
Pay Down America’s Unsustainable Debt
- Control the federal deficit to assure investors and entrepreneurs that our nation’s elected leaders are finally getting serious about paying off debt and supporting long-term economic growth;
- Reduce spending in a meaningful way cutting spending by $6 trillion over the next decade;
- Increase Competitiveness for American Manufactures
- Pass three pending free trade agreements with Columbia, Panama and South Korea where the independent International Trade Commission estimates approval would increase US exports by $10,000,000,000, an increase even the White House has admits would create 250,000 jobs.
Encourage Entrepreneurship and Growth
- Modernize and improve the patent system and part of the FDA approval process to discourage frivolous lawsuits, expedite reviews of potential new products and provide better protection for job creating entrepreneurs;
- Streamline this process to make it easier for existing businesses to grow and allow more start-up companies to flourish;
- Provide companies with access to a skilled and specialized workforce;
- Reform current regulations to ensure American businesses maintain their leading edge in innovation and technology.
Maximize Domestic Energy Production
- Pass bipartisan legislation to expand energy exploration and production