SassyIrishLass
Diamond Member
- Mar 31, 2009
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Th U-6 is at 11%. The majority of these new jobs are low paying. Obamacare is reeking havoc on the middle class and healthcare in the US. Foreign policy is a joke and we're drowning in debt.
The Unemployment Rate is U-3....and has been for decades.
Obviously you're no economist, people who deal in it look at the U6
The Bureau of Labor Statistics cites the U-3 as the official unemployment rate, as do most economists when citing the unemployment rate. The NBER, the organization that officially clocks recessions and expansions cites U-3. When virtually any economist cites the unemployment rate, they're citing U-3. Virtually every trading website and business analysis website on the web sites U-3 for unemployment numbers. U-3 is the standard and has been for decades.
The U-6 is rarely used.
Why would we suddenly switch to the U-6? Because its convenient to your argument?
As I said, anyone paying attention uses the U6. How many times has the U3 been revised under this administration? The proof is in the pudding
The U-6 is a stat that's rarely used in business, by the government, or in academics. Its ALWAYS higher than U-3, under Bush, under Reagan, under any president. And preliminary unemployment stats are almost always revised. That's why they're called preliminary. Preliminary stats are revised under EVERY administration.
So much for you pudding.
You spin me right round...