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.

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