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In reply to the discussion: Unemployment rate hocus-pocus (cartoon) [View all]DCBob
(24,689 posts)4. Seems alot of people want to change the way we calculate unemployment now.
Its been fine for the past several decades.. but now that President Obama has scratched and clawed this country's economy back to something reasonable they want to change the metrics so it looks bad.
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Crazy, right? And yet, they always seem to be telling us to live in reality. Yikes! nt
raouldukelives
Jun 2015
#39
It suggests the government is not taking into account the millions of "hidden" unemployed.
DCBob
Jun 2015
#7
You mean did it run before 2015, 7 years after the 2008 financial crises, right?
Pooka Fey
Jun 2015
#20
No. it started under JFK. Then Reagan took it several steps further. Then Clinton.
Luminous Animal
Jun 2015
#35
I've been complaining since Reagan. Though, since JFK, the govt. has been fudging the numbers.
Luminous Animal
Jun 2015
#33
Of course - for instance - when they tell us that the rate is "5.5 percent" that is overall - it
jwirr
Jun 2015
#21
Nop. Started with JFK who removed discouraged workers in 1961. But Reagan did more to fudge the
Luminous Animal
Jun 2015
#34
Those who aren't looking for work are counted, in the U-4, and it's 0.5% of the population
Recursion
Jun 2015
#42
Of course suggested alternatives are either a) already given or b) fucking stupid
whatthehey
Jun 2015
#25