Not all the people Not in the Labor Force used to have a job. And no, I would not call retirees, or people who for whatever reasons have other desires or responsibilities such as school or disability or taking care of family or lottery winner as "unemployed."Pingy, what do you call someone who USED to have a job and who is now NOT employed? UNEMPLOYED!
Nor did the Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, GHW Bush, Clinton, or GW Bush administrations. There is a reason for that....they don't tell us anything about how hard it is to find work.The Obama administration is NOT including people who are out of the work force, as in NOT working or looking for a job'.
Actually, all people not working are reported. I showed the chart that would represent your definition. Lower rate than anytime before 1978. Is that bad?You can embrace and engage in the moronic political Clinton 'definition of 'IS'' argument all you want, but it does not detract from the fact that the 'method' of calculating the current unemployment rate is FLAWED, FALSE, NOT reporting all the people NOT working.....