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Old 02-09-2015, 10:33 AM
 
685 posts, read 531,844 times
Reputation: 1003

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Gallup CEO: I May 'Suddenly Disappear' After Claiming Obama Unemployment Rate Is 'Big Lie'

What I did not do was dig into the ownership of the website. But it may not matter.
I first saw the inaccuracies in what I heard was the unemployment rate (much higher
than my eyes were seeing) @2006. I had a discussion with a known and respected economist about
it and was given excuses for the inaccuracies. I countered the arguments (excuses) as baloney.
I was a hiring manager for some years and it was easy to see the mismatch.

IF, the government told us the truth, they might encounter wide-spread panic. Lower-reported
numbers sound much better than higher numbers.
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Old 02-09-2015, 04:36 PM
 
Location: New York NY
4,139 posts, read 5,953,382 times
Reputation: 8690
I wish people would simply read what the government puts out about the unemployment rate, and stop indulging in ludicrous conspiracy theories and ridiculous assumptions.

The 'official' unemployment rate that gets the headlines is technically called the U-3 rate. But the broadest measurement of unemployment is the U-6 rate, which includes discouraged workers who have given up looking as well as people who are working part time but want to work full time. U-6 is an official statistic that has been around for years, and is always much higher than the official U-3 rate.

The problem isn't that the government doesn't calculate or release this broad unemployment stat, but that the media rarely report on it. When the government reports falling unemployment it points to the U-3. When everyday people say at the same time that the job market is lousy, they're (usually unconsciously) thinking of the U-6.

I'm not a mainstream media bashser, but this is one area where it could do a much better job.

Alternative Measures of Labor Underutilization for States
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