Re: [TML] Mustering Out (was Re: Daily digest for tml@simplelists.com)
shadow@xxxxxx 18 Dec 2015 15:13 UTC
On 17 Dec 2015 at 10:11, Ethan McKinney wrote:
> Because you're using the same statistic that's always been used, but
> underlying circumstances have changed?
> U-3 has almost always been the reported number, but U-1 through U-6
> have been calculated for a long time. No need to change definitions,
> cook books, or anything.
> You might call this "cherry picking," but everyone is still picking
> off of the same trees they've harvested for decades.
Where can I find these U-1 thru U-6 figures?
I do recall something about them changing what they reported as "the
unemployment rate" back around 1980 (from people out of work to
people out of work who were still looking for work)
--
Leonard Erickson (aka shadow)
shadow at shadowgard dot com