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Additionally, if you look at "real" numbers, unemployment has only gotten worse since 2008: http://www.shadowstats.com/alternate_data/unemployment-charts http:/
by whamlastxmas 10y ago
Additionally, if you look at "real" numbers, unemployment has only gotten worse since 2008: http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart...
Funnily enough, it was the HW Bush years when unemployment trend was improving (aside from 2001 bubble).
- kesselvon 10y agoDon't tell me you actually believe the bs coming out of shadow stats.
- whamlastxmas 10y agoWhat exactly is wrong with it? They use the same numbers as the BLS, they just don't remove BLS's own figures for discouraged workers etc. It's ridiculous to say that because someone has been so unsuccessful in finding a job and gave up searching over a certain period that they shouldn't be counted in the most commonly accepted unemployment figures. To say that "unemployment has become less of a problem" is an outright lie and yet that's the phrase we constantly hear due to "convenient" sampling for U3/U6. According to U3 and U6, we could have 99% of Americans out of work and totally given up trying to find work, but still only have 5% unemployment.