Re- (and Re- and Re-)Defining “Unemployed”

Sunni's picture

Anyone who thinks the USSA gov—and govs the world around—don’t massage their statistics in some way must have a photo of themselves in the dictionary under “naïve”. Of late, some knowledgeable folks have been looking with suspicion at the unemployment figures, and with very good reason.

But for those of us who aren’t interested in the intricacies of the birth–death model, a video has been made to help sort out how our beneficent state currently defines “unemployed”:



(Or, watch it at YouTube if you prefer)

This is quite accurate, including the statistic cited at the end. At least as far as gov numbers go ...

P.S. I know nothing about the company that created the vid, so my enjoyment of it should not be taken as an endorsement.

Stats

An excellent site for real numbers:

Shadow Government Statistics

(Link made active by Sunni; it is an excellent site. Thank you, tzo.)