Jul 7, 2009

We Win!

Over the years our government has been changing the way we count people who don't have jobs. They are called the unemployed, or hobos. Clinton was especially good at hiding hobos from the books. That means our actual unemployed number is a lot bigger than the government's number.
John Williams of Shadow Government Statistics specializes in removing these questionable tweaks to the government's statistical data to better align current numbers with the methodology used to gather historical data.
So, we are actually doing way better than the 9.5% rate!
By adding these folks back in, William's SGS-Alternate Unemployment Measure rose to a jaw-dropping 20.6%. Separately, the Center for Labor Market Studies in Boston puts U.S. unemployment at 18.2%.
We win! Suck it 1980!

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