Thanks for that link with the very detailed explanation. That's really informative, even though it's pretty in line with what is reported on financial websites.

Thanks for that link with the very detailed explanation. That's really informative, even though it's pretty in line with what is reported on financial websites. So this does not improve my opinion on the government's falsification at all. Especially how the numbers have changed over the years is telling (see later). Even discounting changing the reporting, it seems extremely unfair in a number of ways, for instance how part-time work is counted (anyone who made or did something attempting to make 1$ in the past week is employed. Worked 2h babysitting ? You're employed) (especially this affects a LARGE number of workers) To make matters worse, anyone "temporarily unemployed" is considered employed. For instance, if you're a freelance construction worker that didn't do anything for a month, you're employed. Anyone employed by a bankrupt business is employed, despite of course very likely neither working nor getting paid. Furthermore they demand active job search methods only. So anyone who's passed by every employer in their town ... is not unemployed from that point forward. This is, of course, bullshit. Reality is that anyone who wants a job but doesn't have one is unemployed. Anybody forced to work less than they want to is partially unemployed (this is a large number of people). This is not measured at all. And the changes in methodology are the really telling part. An example: > Up until the Clinton administration, a discouraged worker was one who was willing, able and ready to work but had given up looking because there were no jobs to be had. The Clinton administration dismissed to the non-reporting netherworld about five million discouraged workers who had been so categorized for more than a year. As of July 2004, the less-than-a-year discouraged workers total 504,000. Adding in the netherworld takes the unemployment rate up to about 12.5%. One might wonder, was the purpose of the government's changes to increase accuracy, or was it to falsify the number ? Well one can easily distinguish between these 2 goals. If the goal was increased accuracy, then the BLS would have been instructed to adjust it's historical time series, at least in estimation, so that comparisons would be fair. If the goal was falsification, then numbers from the old and new methodology would be reported, with no or hidden references to the changed methodology. The situation is that the latter is what was done [1]. The difference in methods is downplayed to an extreme degree, clearly indicating that falsification was the goal. The Clinton, Bush and Obama administrations all changed the methodology of counting the numbers, and especially Obama, but also Clinton are guilty of claiming what are very clearly statistical artifacts from changing the methodology as accomplishments of their administrations. [1] https://www.bls.gov/opub/ted/2017/u-3-unemployment-rate-was-4-point-5-percent-in-march-2017-u-6-was-8-point-9-percent.htm?view_full https://www.bls.gov/opub/ted/2017/u-3-unemployment-rate-was-... <- zero mention of methodology changes