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.
I am sure they are not looking at how many jobs being filled are from illegals. There are only so many jobs a single ssn can fill lol
More fuzzy math. once a person stops getting unemployment benefits, they are no longer part of the unemployment numbers.
Why Am I Not SURPRISED !!!!!
WOOOOOOOO PAZZ !!!!!
Welfare went up to 8million in 8years ,growing the dependents on government just like socialist do .
New math I guess all BS
They never print the truth.
MUST HAVE BEEN AN OBAMA ANNOUNCEMENT
Common core math, figures.
They only count left handed people.
They don’t tell you hundreds of thousands left the work force..