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.
Liars!
After doing another census, Feds noticed we have several million more people than we thought we did in the country.
F**e information
You can’t believe anything the federal govt say’s.
mz
Yes Obama Admin lies ….it took 8 years for people to Wake Up
They lie and fix the numbers none been right for 8 years lies all the time
Common core?
I’ll say this……the Obama administration can sure come up with some funny$#%&!@*sometimes! I’d say that 95 million will amount to a figure for the unemployed of roughly 35%!
The same people who came up with these stats are probably the same ones who did all those exit polls.