I don’t bother listening seriously to the statistics coming out of official mouths. They are ludicrous. The Clinton I administration took “gaming them” to extremes and their team-mate media was quite successful in making them believed by the masses. They have only become worse ever since.
On the other hand is ShadowStats.com.
John Williams works diligently at getting and communicating The Real Numbers. Bookmark his site and check in from time to time. For in-depth and more, subscribe. He certainly deserves to be paid for his work and encouraged to keep it up.
Meanwhile, check out the real unemployment numbers.
1/4 of us are unemployed!
This isn’t going to end well.
Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
Unemployment Data Series (Subscription required.) View Download Excel CSV File Last Updated: January 10th, 2014