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Thread: Realtors: We Overcounted Home Sales for Five Years(edited)

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    Re: what...no recovery???

    Quote Originally Posted by Fubar View Post
    i agree. just look at unemployment . they say is not as bad as during the depression ,but the way they count was changed.
    Has it changed? I can't find anything about how the equation is different than it's always been.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: what...no recovery???

    Quote Originally Posted by iliveonramen View Post
    Has it changed? I can't find anything about how the equation is different than it's always been.
    This isn't comprehensive as there have been other changes but it makes one note how counting the unemployed has changed.

    Under President Lyndon Johnson, the government decided individuals who had stopped looking for work for more than a year were no longer part of the labor force. This dramatically decreased the jobless rate reported by the government.

    "Both part-time workers wanting full-time work and discouraged workers tend to make the unemployment rate lower than it would otherwise be," says Robert Schenk, professor of economics at St. Joseph's College, Indiana.


    Great Depression jobs parallel may not be far flung | Reuters

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    Re: what...no recovery???

    Quote Originally Posted by iliveonramen View Post
    Has it changed? I can't find anything about how the equation is different than it's always been.
    It has changed over time, but people who have applied the modern unemployment methodology to the GD have determined that the change doesn't actually change our understanding that unemployment was much worse during the Great Depression. Using the current methodology they estimate that U-3 unemployment (the common figure used today) was around 25%, and U-6 unemployment (the number Republicans like to use) was about 38%.

    U3 and U6 Unemployment during the Great Depression | The Economic Populist

    U3 and U6 Unemployment during the Great Depression | The Economic Populist
    Last edited by AdamT; 12-14-11 at 12:21 PM.

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    Re: what...no recovery???

    I know it has changed over time...but I've seen conservatives post on this board this idea that it's changed recently and that the drop is some numbers game with the Obama administration.

    The number they release is the same number they've released for decades. The other numbers are available. It just seems as if there's this incorrect idea that the most recent drop in unemployment is some sham.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: what...no recovery???

    Quote Originally Posted by iliveonramen View Post
    I know it has changed over time...but I've seen conservatives post on this board this idea that it's changed recently and that the drop is some numbers game with the Obama administration.
    I do not believe that Obama has changed anything.

    The number they release is the same number they've released for decades. The other numbers are available. It just seems as if there's this incorrect idea that the most recent drop in unemployment is some sham.
    It is in the way it is counted, but those doing the counting right now are most likely counting the way the numbers have been counted for years.

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    Re: what...no recovery???

    Quote Originally Posted by iliveonramen View Post
    Has it changed? I can't find anything about how the equation is different than it's always been.
    U6 is what was reported during the depression.not so today.Google it.
    Listen to your conscience....and let it sink in.

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    Student Fubar's Avatar
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    Re: what...no recovery???

    Quote Originally Posted by AdamT View Post
    It has changed over time, but people who have applied the modern unemployment methodology to the GD have determined that the change doesn't actually change our understanding that unemployment was much worse during the Great Depression. Using the current methodology they estimate that U-3 unemployment (the common figure used today) was around 25%, and U-6 unemployment (the number Republicans like to use) was about 38%.

    U3 and U6 Unemployment during the Great Depression | The Economic Populist

    U3 and U6 Unemployment during the Great Depression | The Economic Populist


    Read the comments to the article at the link u provided.a lot of people have doubts.and rightly so.
    Listen to your conscience....and let it sink in.

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    Re: what...no recovery???

    Quote Originally Posted by Fubar View Post
    U6 is what was reported during the depression.not so today.Google it.
    There was no such thing as U6 during the depression. Google it.

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    Re: what...no recovery???

    Quote Originally Posted by iliveonramen View Post
    And....another example of how private entities do not police themselves and why we need regulation.
    You say that as if good news numbers for the government aren't constantly revised downward, after they're released.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: what...no recovery???

    Quote Originally Posted by AdamT View Post
    There was no such thing as U6 during the depression. Google it.
    True-so then the formula used in the article is boguus right?
    Listen to your conscience....and let it sink in.

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