In good times and bad times and regardless of political party I have said that the way the United States government, specifically the Bureau of Labor Statistics, states unemployment statistics is B*** S***. CRAP I say!!!
In the coming days I am going to be doing a bunch of posts about recent labor statistics including what many consider “real unemployment” numbers by age, race, location, etc.
How is it that the media folks do not pick up in this? My guess is they do not get it and do not see the need to educate themselves.
For now I leave you with what I think is the best way to understand the different definitions of unemployed in the United States (hat tip to Toby Dayton of Diggings for the video):