HappySqurriel said:
The job numbers are heavily manipulated. Over the years the methodology for calculating unemployment has changed and these changes have been to lower the labor force participation rate and therefore reduce unemployment. If we calculated unemployment without these mainpulations we would get the following: http://www.shadowstats.com/alternate_data/unemployment-charts
As you can see, the traditional methods for calculating unemployment result in both dramatically higher unemployment rates and unemployment that has steadily increased since 2010. The primary reason for this difference is caused because, when the long term unemployed become discouraged and "give up" they are no longer seen as unemployed by the new statistics while they were based on the old methodologies.
In other words, the unemployment rate has fallen below 8% because the job market is so bad that millions of people have given up on ever finding work. |
Isn't that chart showing that it's always being "manipulated" then? There's also not very much to say that the chart is reliable. Where does this person get his information from?









