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In reply to the discussion: Unemployment rate hocus-pocus (cartoon) [View all]Recursion
(56,582 posts)42. Those who aren't looking for work are counted, in the U-4, and it's 0.5% of the population
http://www.democraticunderground.com/10026709772
The U-3 is people looking for work, and it's 5.4%. The U-4 is the U-3 plus those who have stopped looking for work, and it's 5.9%.
The U-3 is people looking for work, and it's 5.4%. The U-4 is the U-3 plus those who have stopped looking for work, and it's 5.9%.
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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