The way the unemployment rate is
calculated was most recently changed by the REAGAN and CLINTON
administrations so that it no longer reflects those who have dropped out
of the job market HOWEVER this point was never mentioned by
conservatives until President Obama came into office and now when Fox
etc. does mention that fact they don't put it in context and thereby
insinuate that this is a new way of calculating the unemployment rate
which was begun by the Obama administration but IT WAS NOT. The
unemployment rate today is calculated in the exact same fashion it was
during the W Bush administration.
http://PatrioticEconomics.blogspot.com/
January 28, 2014
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Odd how you're more worried about Obama looking bad than the people who can't find work.
ReplyDeleteThe unemployment rate is horrendous ... and it will only get worse if democrats get their wet dream of amnesty. Illegals over American citizens ... Yay!!!!!!!
Unemployment is coming down and the large # out of work is caused by baby boomers retiring...that's an issue.
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