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.
There numbers are way off
Not so!!
Including 75 million 5 year olds.
Yeah, it dropped because people are no longer eligible. Their benefits ran out, they didn’t get jobs. Such liars, misrepresentation of EVERYTHING
The fed, like the boss, obama, is lying.
People quit looking for jobs and its counted just like they got a job and the dems wonder why they lost not all of us deplorables are as stupid as Hillary thinks we are
Total BS
Using unemployment data, not real smart
They’ll start counting those once Obama leaves office.
Do the math people.