Jarhead
Gold Member
- Jan 11, 2010
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Yea it's pretty depressing. Things are actually even worse than what they're telling the people. Their 9.5% Unemployment number is absolutely bogus. The real Unemployment rate is much higher.
The methodology for calculating the unemployment hasn't changed since 1997, and the 1990's change was a simple technical reform. The U3 in 2010 is directly comparable to the U3 in 1998.
The methadology has not changed, no.
But the length of time the unemplyment number is stagnant or increasing is the variable that is of utmost importance seeing as the difference between the "unemployed" calulated in the U3 and the "actual" unemployed is directly related to time.