Quote:
Originally Posted by TheMercenary
Lies, Lies, and more Kabuki Theater from Obamy.
Today the jobless rate was estimated at 9.6%, that totally biased news program, NPR, stated they continue to underestimate and not count those who have stopped looking (they interviewed a number of these people) and those who are in part time jobs because that is all they can get. The estimate actually is around 16%, btw, 36,000 more people lost their jobs last month...
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The unemployment rate announced today is the "official" rate that has been used for years....the U3 rate.
It considers three factors: 1) those who were not employed during the reference period, 2) those who were available for work at that time and 3) they made specific efforts to find employment sometime during the reference period.
http://www.bls.gov/news.release/empsit.t15.htm
The U6 rate, which is reported as well, has never been the "official" rate, but for political reasons, those on the right want to start using that rate now. What a surprise.
So now its
"lies, lies and kabuki theater" to use the same official rate as previous administrations?
There's a partisan opinion if I ever heard one.
