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October 7, 2012
23 Percent Under the Classic Unemployment Model
John Williams at Shadowstats, who uses the U.S. government methodology from 30 years ago, tells us that the U-6 unemployment rate is around 23 percent.The difference is in how you create the model. The feds keep changing the rules, and it should be no surprise that with each new rule the number of people officially counted as unemployed drops. -- Mort Zuckerman: Why the Country Is Unhappy Under Obama - US News and World Report
Posted by gerardvanderleun at October 7, 2012 10:31 AM. This is an entry on the sideblog of American Digest: Check it out.