01-01-2016, 07:11 PM
(01-01-2016, 04:31 PM)Vlad Wrote: The U-3 5% unemployment rate is misleading. The U-6 unemployment rate is 9.8%.
The unemployment rate is 5%, so why is everyone still grumpy?
http://fortune.com/2015/11/10/us-unemployment-rate-economy/
http://portalseven.com/employment/unemployment_rate_u6.jsp
This thread topic misleads because it implies an across the board view by the right wing.
One man according to this story, Rush Limbaugh, predicted an economic collapse. Who listens to Rush Limbaugh?
Except the U3 is what is reported on and what is touted as the unemployment rate. We've only seen people start focusing on the other numbers on an attempt to make people look bad even though the U6 has also been improving and is closing in on pre-recession levels.
