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> Yes, it's like people think they've stumbled upon something novel by "exposing" the definition of the U3 For literally every President for the past 25 years,
by danielweber 12y ago
> Yes, it's like people think they've stumbled upon something novel by "exposing" the definition of the U3
For literally every President for the past 25 years, I've had someone breathlessly tell me "they just changed the way they calculate the unemployment rate so it doesn't look so bad!!!!!11"
- ikeboy 12y agoThey probably make small methodology changes all the time.
- nkozyra 12y agoThey do, but they're published and very rarely are they significant.
- tsotha 12y agoWell, some of them were right. That has less to do with U3/U6 than it does the way data is gathered and the birth/death model they use. Actually trying to figure out how many people have full time jobs isn't a trivial task, and it's very much open to manipulation.