A Reality Check from Shadowstats.com
Bill Quick

Alternate Unemployment Charts

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

Unemployment Data Series   subcription required(Subscription required.)  View  Download Excel CSV File   Last Updated: May 3rd, 2013

Every month new government statistics come out, and every month they somehow manage to indicate a nonexistent recovery.

Shadowstats calculates an alternate, unmassaged number that reflects real unemnployment. It’s been either holding steady or going up during the entire period when government stats are showing “improvements.”

I don’t see any reason to give most government stats any credence whatsoever any longer. Any time they start to show anything that discomfits the regime, the regime changes the way they are calculated in order to achieve the results desired by the regime.

Definition: Regime – the unholy alliance between the Ruling Party and the Ruling Class.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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A Reality Check from Shadowstats.com — 1 Comment

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