Skylar
Diamond Member
- Jul 5, 2014
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For 8 years the left harped they were just enjoying early retirement and funemployment.
Each month on "Jobs Friday," the Bureau of Labor Statistics puts out a trove of economic data, each of which provides its own perspective on the labor market and the employment situation. Economists look past the official unemployment rate — that 4.7 percent figure, also known as the "U-3" — to other metrics that give their own view of jobs in the country.
One of those figures is called the U-6 rate, which has a broader definition of unemployment than does the U-3. In February, that number fell two-tenths of a percent to 9.2 percent.
Unemployment fell in February, but a more realistic rate remains much higher
Of course its higher than 4.7 anyone with a working brain cell knows the U6 is what you need to look at.
Of course the Obama administration keep touting that 4.7 and dummies like RWer bought it.
9.2 is probably the right UE number.
The U-6 is almost never used by anyone when citing the unemployment numbers. And Trump certainly isn't citing U-6 now. He's citing U-3.
Which, laughably, he insisted was a 'phony number' before his election but not insists are 'real'. Despite the same process, same people, same agency calculating it.