4 ms·
>they even had to expand the definition of what constitutes a job. Can you cite a source for this? The Bureau of Labor Statistics etc. has been using the same
by jml7c5 9y ago
>they even had to expand the definition of what constitutes a job.
Can you cite a source for this? The Bureau of Labor Statistics etc. has been using the same U1-U6 unemployment metrics for decades.
- ThomPete 9y agoYeah but which one they focus on matters. They focused on U3 rather than U6. I will see if I can find a more official source than this: http://www.washingtontimes.com/news/2015/feb/10/donald-lambro-obama-hides-jobs-failure-by-not-coun/ http://www.washingtontimes.com/news/2015/feb/10/donald-lambr...
- jml7c5 9y agoThat's a (valid) critique of using U3 instead of U6. But the US government has been using U3 as the "official" unemployment since at least 1994. You asserted that "they [the Obama and Bush administrations?] even had to expand the definition of what constitutes a job," which is not supported by that article. I have had this debate before, and I have yet to find any evidence for the claim.
- ThomPete 9y agohttp://www.washingtontimes.com/news/2015/feb/10/donald-lambro-obama-hides-jobs-failure-by-not-coun/ http://www.washingtontimes.com/news/2015/feb/10/donald-lambr... They changed the U3 focus under Bush I will see if I can find the article about it I read way back.