Official ‘unemployment’ rate understates true U.S. joblessness

[longknife]

This comes from Al Jazeera America! Not from the Lame Street Media! No more of the Obumbler administration hooplah – check this out:


During the recession, 3.8 million mid-wage jobs and 1.4 million low-wage jobs were lost. In contrast, during the recovery, only 700,000 mid-wage jobs and 2 million low-wage jobs were gained. Across the countries, the job market has seen wage stagnation, requiring people to become satisfied with lower salaries.


With plenty of links @ Official Unemployment Understates US Joblessness Al Jazeera America

 

[JakeStarkey]

No, it doesn't. Toddle along.

 

[pinqy]

This comes from Al Jazeera America! Not from the Lame Street Media! No more of the Obumbler administration hooplah – check this out:


During the recession, 3.8 million mid-wage jobs and 1.4 million low-wage jobs were lost. In contrast, during the recovery, only 700,000 mid-wage jobs and 2 million low-wage jobs were gained. Across the countries, the job market has seen wage stagnation, requiring people to become satisfied with lower salaries.


With plenty of links @ Official Unemployment Understates US Joblessness Al Jazeera America

Did you not notice that the source your link links to is sated August 2012?
In other words, completely irrelevant

 

[JakeStarkey]

This comes from Al Jazeera America! Not from the Lame Street Media! No more of the Obumbler administration hooplah – check this out:


During the recession, 3.8 million mid-wage jobs and 1.4 million low-wage jobs were lost. In contrast, during the recovery, only 700,000 mid-wage jobs and 2 million low-wage jobs were gained. Across the countries, the job market has seen wage stagnation, requiring people to become satisfied with lower salaries.


With plenty of links @ Official Unemployment Understates US Joblessness Al Jazeera America

Did you not notice that the source your link links to is sated August 2012?
In other words, completely irrelevant

Longknife never lets a number go by.

 

[oldfart]

I think we have had the discussion about U-3 vs U-6 several times before.

 

[pinqy]

I think we have had the discussion about U-3 vs U-6 several times before.

But it never seems to sink in that they measure different things, and answer different questions. That the U-6 is higher does not mean it's saying things are worse than the U-3 is saying.