Shadowstats also calculates its own unemployment rate by counting the long-term class of discouraged workers that were excluded from the ‘system’ when the gov’t revised its methodology in 1994.
Friday, March 4, 2011
Forget Those BLS Propaganda Reports, Here Is the Real Unemployment Picture, Thanks to Plan B Economics
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
Shadowstats also calculates its own unemployment rate by counting the long-term class of discouraged workers that were excluded from the ‘system’ when the gov’t revised its methodology in 1994.
Shadowstats also calculates its own unemployment rate by counting the long-term class of discouraged workers that were excluded from the ‘system’ when the gov’t revised its methodology in 1994.
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