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Re: Obama's Recovery In Just 9 Charts
Look, love your posts but not your knit picking. I stand by my post and the context in which it was given per the thread topic. Anyone who thinks that the unemployment rate truly indicates the state of the economy today is out of touch with reality. your defense of BLS is noted but the reality is anytime anyone points to BLS data and ties it to the state of the economy the comments are suspect at best. The low information voter (Obama supporters) is going to buy the low unemployment rate as an indication of success by Obama and that couldn't be further from the truth.
Oh? If a 17 year old babysits for 2 hours is she employed? If a day laborer doesn't get any work for a week, is he employed? In October 2013, thousands of federal employees on furlough mistakenly answered that they were employed but absent from work when they were in fact unemployed.
Life is full of grey areas...that is why the definitions are so precise, and they differe for the different measures. Some who are classified as employed in the household survey used for the unemployment rate would not be employed in the official jobs numbers and some who are employed in the jobs numbers are not employed in the household survey.
Look, love your posts but not your knit picking. I stand by my post and the context in which it was given per the thread topic. Anyone who thinks that the unemployment rate truly indicates the state of the economy today is out of touch with reality. your defense of BLS is noted but the reality is anytime anyone points to BLS data and ties it to the state of the economy the comments are suspect at best. The low information voter (Obama supporters) is going to buy the low unemployment rate as an indication of success by Obama and that couldn't be further from the truth.