Quote:
Originally Posted by GregE
McJobs aren't real jobs, especially when they're held by people who used to have real jobs. The "real unemployment rate", as you call it, is just that... real.
All too real.
Having said that, I'm not blaming the guy from Kenya. I've no doubt that the economy would be even worse had either of the tools he ran against won.
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The real unemployment rate is the same stat we've always tracked, and it just dropped to 4.9%. There is really no point in discussing in any other numbers. The unemployment rate is the standard, it's one we always paid attention to. There are of course other categories of unemployment stats. These numbers are higher, but you can see exactly where they peaked and how they have come down since then. All of these numbers rise and fall together, and are looking better than they have in some time. Saying that the "real unemployment rate is not 4.9% but much higher" is nothing more than attempt to make the currently administration look bad. If anyone seriously wants to use the a differently unemployment category, we see the same things - The rate peaked in 2009 and has dropped since then.