Monthly Comprehensive Reporting of Citizens Financial Status

(by Don Baham on May 12, 2015)

The federal government’s monthly reporting of national employment/unemployment numbers is inadequate to provide a comprehensive picture of citizen’s financial health.

To remedy this, we need the federal government to provide the following additional information to the citizenry at the same time as the employment/unemployment numbers are provided:

a. The combined monthly income of both the employed and unemployed for the last three months.

b. An authoritatively-compiled estimate of a livable monthly income.

c. The monthly income of the employed alone for the last three months.

d. The non-employment monthly income of the unemployed alone for the last three months.

e. The length of time that the unemployed have been unemployed by age group.

f. The length of time that the unemployed have been unemployed by race.