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.
Those who enslave others inevitably become slaves themselves
Lying government
ALL LIES
yea they lie.
Cooked up is right.
Republicans are always saying that the 4.6% unemployment rate under the Obama administration aren’t accurate because when a person stops drawing employment insurance, they are no longer counted. The unemployment rate is calculated exactly the same way it was during the Bush administration, so if, as Trump says, the 4.6% under Obama actually is closest to 30%. If his math is correct, then the unemployment rate under Bush must have been close to 50%. It doesn’t matter if you believe the statistics or not, the fact is,OBama has put one helluva lot of people to work that were unemployed while Bush was President.
At that rate of 5%=95,000,000, how many people live in America?
There always cooking something.
There’s only approx 330 million people in the US…..
Hmmmmm.