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> Unemployment in the US is around 5.5% That's an official statistic (US Bureau of labor statistics) that is, in all reality, fiction. Might want to look at AN
by jack9 12y ago
> Unemployment in the US is around 5.5%
That's an official statistic (US Bureau of labor statistics) that is, in all reality, fiction. Might want to look at ANY other analysis, other than the announced statistic. Like simply comparing the (est) population to the (est) jobs. Turns out it's more like 10% at best, but that's not the end. Yahoo, Experian, Amazon, etc. The vast majority of the tech employed have become contractors. At least be reasonable enough to do your research.
Saying GDP has increased is another statistical mischaracterization. There has been some very clever manipulation by the USG (http://seekingalpha.com/article/1368001-u-s-governments-new-way-of-calculating-gdp http://seekingalpha.com/article/1368001-u-s-governments-new-...).
You seem to be woefully glib about topics you haven't been following. Growth hasn't helped the situation as there hasn't been much at all, if any. Rigid financial systems have failed and will do so again if the interest rate (inevitably?) spirals out of control. The executive branch talking heads and investing-in-debt schemes have been paying off for the last few years. It's been increasingly difficult to determine what lengths the fed will go to, in stabilizing the economy and maintaining a positive spin.
- drzaiusapelord 12y ago>That's an official statistic (US Bureau of labor statistics) that is, in all reality, fiction. and the Swedish one is 100% honest? Oh okay. If you bothered to understand this topic you would know that there are different categories of unemployment (U6, etc). I chose the one that best fir the comparision with Sweden. >You seem to be woefully glib about topics you haven't been following. G and you're yet another anti-US HN "expert" unwilling to accept the facts or understand how national economies work. That attitude will get you precious upvotes here (I see you got your token anti-fed comment in, so on HN bingo you're doing pretty good), but its not remotely tied to reality.