Quote:
Originally Posted by Mike F
I'll add a bit to this:
The Bureau of Labor Statistics appears to be calculating the unemployment numbers the same way before and after the crash.
Here's the report for March 2007: 4.4% unemployment rate, plus 1.4M people not looking for work.
Here's the report for July 2015: 5.3% unemployment rate, plus 1.9M people not looking for work.
Not saying the recovery has been complete, just saying the statistics do not appear to be being skewed to make the unemployment situation look better than reality. |
Good point. Also, when it comes to absolute number of people looking for work, you could adjust a bit for the increase in population...about 5%.