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No...it's not a new thing. But the latest thing they did in 2010 really changed the numbers game.
Of course that number of 38% from the Bureau Of Labor is the REAL amount of working age people in the workforce who are now unemployed.
For Rochard to state otherwise (without even bothering to take a second to google it up) shows a lot of ignorance of the subject.
And pertaining to your statement that it "isn't new"...the first change to the way they calculate it was done in 1994. Not during the Reagan years.
The second change was just done in 2010. And it's the one that everyone started talking about because it DRASTICALLY undercounts.
Read those links I posted above. It explains what they did far better than I can.
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