Nobody goes out and does a nose count to figure out the unemployment rate. To simplify things somewhat, this is accomplished by drawing samples, making certain assumptions, and running the numbers through statistical modeling algorithms to arrive at the number that is promulgated.
In the US, this number is calculated by the Bureau of Labor Statistics, the US Department of Labor.
This is a highly politicized number. There are others that are also politicized such as the inflation rate, non-farm payrolls, and GDP. It is not hard to imagine an administration applying pressure on these agencies to produce numbers that suit the administration’s purposes. In fact the story, possibly apocryphal, is told of President Lyndon Johnson sending preview copies of economic statistics back to the agencies that produced them repeated times until they got those numbers “right.” Then they were released to the public.
It is reasonable to assume that goes on today.
More on page two.
The gov uses the U3 rate which looks better but doesn’t reflect the big picture. The U6 rate better reflects the whole picture.
That is a huge huge number out of work, we need to help them
I love fiddled numbers coming out of this administration…. always fiddled with
NOW THAT IS F**E NEWS!
False Data by the Feds.!
Liberal mathematics
Feds are lying
Liberal BS
I’m pretty sure the way they figure the statistics hasn’t changed. The 95 million I do believe are just lazy Americans that refuse to work. They are considered able bodied but non-participatory.
The books are cooked. Did you believe the polls? Same difference.