boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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That's right, but irrelevant, the U-3 only counts people LOOKING for work.For about the umpteenth time, the unemployment rate that is reported, which is categorized as U-3, does not count people who have been out of work for four years or more and have given up looking for a job.
The U-4 rate does however count those who have given up looking for work but still want a job no matter how many years they have been unemployed, and it is presently 5.5%
I gotta ask...how exactly does the government determine someone has given up?
A DC bureaucrat decides not to count him so that stats look better for Obama.
So you don't think Obama collecting more taxes & cutting spending reducing deficit & Fed Rate Hike making the US Dollar strong caused Gas prices & stocks to fall? 