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In reply to the discussion: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries [View all]progree
(12,240 posts)being 20-something percent. I spent more than an hour on his website following links and doing searches, but never could get beyond assertions - unless I paid $80 for full access that included a link to something that purported to provide the evidence.
This was several years ago. $80 wasn't and isn't a lot of money for me, but I know when my leg is being pulled.
It would make as much sense as putting money into a Bitcoin ATM to pay taxes and fees on winning a grand prize.
Paul Solman at PBS several years ago used to calculate a "U-7" unemployment rate which counted everyone who said they wanted a job and had no job currently (taken from responses to the BLS Household Survey that produces the official and other unemployment levels), even if they had not looked for a job for decades, plus part-timers who said they wanted a full-time job, and it was way under what ShadowStats was "reporting" at the time. I used to (years ago) duplicate his calculations when I was doing detailed job figures postings at the site in my sigline -- https://www.democraticunderground.com/111622439
BTW:
U-3, the official headline unemployment rate, counts only jobless people who have looked for work sometime in the last 4 weeks. In BLS parlance, these are people who are "actively seeking work". (part-time employees are considered employed in this measure, even if only one hour a week).
U-6, the most expansive version of unemployment rate that the BLS produces, counts people who have looked for work sometime in the last 12 months. It also counts part-time employees who say they want full-time work as unemployed (the U-3 counts them as employed).
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