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http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart...
by tiatia 10y ago
http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart...
- knightofmars 10y agohttp://www.economonitor.com/dolanecon/2015/06/15/deconstructing-shadowstats-part-2-in-search-of-an-alternative-measure-of-unemployment/ http://www.economonitor.com/dolanecon/2015/06/15/deconstruct...
- knightofmars 10y agotl;dr: "The bottom line here is that the ShadowStats alternate unemployment rate of 23 percent for May 2015, and similar rates for other recent months, are completely implausible. To get an unemployment rate that high, we have to include millions of people who do not even claim to want a job, let alone make any effort to look for one. We have to assume that the status of long-term discouraged worker is a trap from which almost no one escapes from year to year, by finding work, by making even a single unsuccessful attempt to find work during the year, by changing their mind about wanting work, or by death."