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Obama the Only One Since 1940 – Unemployment Data Changed

April 9, 2012

Here’s a beauty of a comment from a release about what are the real unemployment figures. The article involved a bill in Congress wanting a law that what is reported is the real, total, unemployed.

Quote:

“Since the inception of the survey in 1940, only relatively minor changes have been made to the official definition of unemployment, despite numerous outside reviews and ongoing assessments by academicians, business and labor organizations and various interest groups. The official measure has withstood the test of time largely because of its objectivity,” John Bregger, former Assistant Commissioner for Current Employment Analysis wrote.

For the past two decades, there has been a consistent spread between the U-3 and U-5 rates, until several years ago during President Obama’s administration, when the U-3 began to improve while the U-5 rose, according to a recent study of Labor Department data released by Investor’s Business Daily in late February.

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From → RANDOM

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