pinqy
Gold Member
You recall incorrectly. The changes were a revamp of the survey to make things more computerized, and one minor change in definition of unemployed (regarding people hired but not yet working). Oh, and military were dropped from the survey.Actually, no The way unemployment is calculated was changed in 1994. As I remember, bill clinton was President then.Statistics are funny things. Every time someone's unemployment coverage expires, they are no longer unemployed, according to the government. Every part timer that finds he needs a second job is counted twice or maybe even 3 times.And unemployment is now under 6%. Statistical fact.
When you color in your unicorn coloring-book,what is your favorite color?
So yes. If you add up the numbers the way obama does, we have under 6% unemployment. BUT if you count each person only once and those who's coverage has lapsed, it's more like 12%. Some estimate even higher.
Do some reading here: Shadow Government Statistics - Home Page
So, this means we also had like 13% unemployment under Reagan, right? For this is the very same BLS that did the statistics back then....
Really, weak sauce, very, very weak.