3 ms·
As an outside observer, another example would be the constant redefinition of US unemployment (I hear it is now "people who haven't actively sought work for 3 m
by contingencies 8y ago
As an outside observer, another example would be the constant redefinition of US unemployment (I hear it is now "people who haven't actively sought work for 3 months are no longer considered unemployed") which IIRC from an article has dropped US unemployment figures. It sounds like reality may differ substantially, and there is certainly a huge underground/cash economy.
- kasey_junk 8y agoThe US BLS has long kept many different measures of unemployment. All of these numbers are watched to extreme degrees by market participants. The idea that they are constantly redefined doesn’t hold up to basic analysis by anyone who has traded on that data.
- deleted 8y ago[deleted]
- nradov 8y agoYou do not recall correctly, and since the correct information is so readily available I suspect you're just lying to try and make a political point. The definition of unemployment hasn't changed in our lifetimes. https://www.bls.gov/cps/cps_htgm.htm#concepts https://www.bls.gov/cps/cps_htgm.htm#concepts
- contingencies 8y agoErr, I stand corrected. Thanks for assuming the worst of my character! I must have remembered reading some kind of article around the time summarized at https://www.americanthinker.com/articles/2011/12/os_legacy_unemployment_rate_now_meaningless.html https://www.americanthinker.com/articles/2011/12/os_legacy_u...