Don't you love how the far left make numbers up to protect their religion..
It was calculated using the same moronic hourly formula Stockman detailed to get his 42.9% rate, therefore it is just as made up as Stockman's.
No matter how you calculate it, the UE rate is lower today than when Bush left office.
See how the far left proves my point for me by making stuff up to manipulate the numbers to fit their narrative to protect the far left religion at all costs..
I manipulated nothing, I simply applied Stockman's own formula for his 43% UE rate to Bush's last year for comparison. It's Stockman's "manipulation."
No it is not! It is yours and far left debunked math.
If you had followed the link posted by the Wing-Nut who posted the 43% claim you would have found detailed instructions on how Stockman arrived at the 42.9% rate. I simply used the same data for Jan 2009 in the same formula.
The Warren Buffett Economy Why Its Days Are Numbered Part 4 David Stockman s Contra Corner
At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society’s need for production and work effort.
By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates. Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!
They rely on folks like you.
