sandorski
No Lifer
- Oct 10, 1999
- 70,784
- 6,343
- 126
Originally posted by: Bowfinger
Sorry, don't recall the details. It was a bit of a tangent to my main point, and I never did drill into it as deeply as the info from BLS (which I therefore still remember more clearly). If you really care, you might search the archives for old threads. Try looking for stuff I posted containing "BLS".Originally posted by: Genx87
Like?Originally posted by: Bowfinger
Other industrialized Western democracies.Originally posted by: Genx87
Who are our peers?Also rebutted in one of the threads you're avoiding, the unemployment rate is artificially low since there are so many people who've abandoned hope of finding jobs. Were we to measure it the same way as our peers, the actual rate is reportedly in the 8-9% range.
I am curious because I know how the EU calculates their unemployment. Maybe if you have another country what is radically different I can look it up.
I can tell you the EU and US are virtually identical, except the EU counts at age 15 vs the US at age 16. Both have a cutoff date roughly the same on when they are dropped from consideration for looking for employment.
This idea we arent calculating the true unemployment rate is a new theory tossed out by the left to try and minimize any positives people can take from the economy. Of course under Clinton that 4.6% was a true number right? None of this behind the scenes 8-9% that reportedly is true.
Re. "new theory", I don't believe that's true at all. I remember complaints going back to the recession of the early 80's that the unemployment stats were artificially low. I'm sure Clinton's 4.6% was also low. The difference, however, is that the number of people who have given up is much greater now than it was under Clinton. That's not terribly surprising given how easy it was to get a job during the dot.com era.
There are stats showing what % of the population are actually working. Last I heard(couple years back) even though Bush Unemployment numbers were very similar to Clintons, the actual Persons Employed was actually much lower(2-3% IIRC).