Quote:
Originally Posted by After Shock Media
Who says unemployment is down? The Government?
They cook those numbers more than many sub prime lenders.
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exactly, repost from finacialsense.com
And of course, on the statistics, people don?t understand the way government statistics work . And most people will concede that politicians lie. They lie to get elected ? everybody knows that ? they say what they have to say, so I don?t know why people assume that once they get elected they stop lying. I mean that?s all they do. Once you get elected your job is to stay in office. And the way politicians stay in office, is to present a rosy scenario. And so what these guys do is they
constantly change the way that economic statistics are calculated so that they can give a better result; so the politicians can point up to these dumbed up statistics as evidence that things have gotten better while they have been in office.
eg.
So they constantly change and redefine how things are measured. So the unemployment rate, for example, today, is calculated far differently than it was in the past;
if they calculated unemployment during the Great Depression the way we do it now, they would probably have had very little unemployment then either They calculate GDP differently. There are a lot of things calculated as part of GNP that 5 years ago, 10 years ago, 20 years ago would not have been counted. Everything has changed, so when they compare a number today to one 20 years ago, it?s completely irrelevant comparisons because they?re not doing it the same way.
from shadowstats.com
"
Today, the unemployment number does not include those unemployed who have been discouraged and out of work for more than a year. So they are taken out of the work force completely automatically. This results in knocking about 5 million unemployed out of the broader measures of unemployment.
Thus, unemployment is about 50% higher than is commonly alleged. And thus, "Today unemployment is really up around 12%."