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What wasnt in the speech to Congress.

humbolt said:
This is an older article, written in 2012. It addresses the topic in a manner I believe is far more relevant than current government statistics as they are released to the public.

A Better Way to Track Unemployment | NCPA
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But he's referring to a current government statistic released to the public. The problem with the employment-population ratio is that it is affected by demographics and doesn't reflect the labor market. I certainly think it makes a difference if a lower percent of the population is working because the economy is bad or because fewer people want/need a jog.
It certainly is important to look at for a variety of reasons, but it in no way is a good substitute for the unemployment rate.
 
pinqy said:
But he's referring to a current government statistic released to the public. The problem with the employment-population ratio is that it is affected by demographics and doesn't reflect the labor market. I certainly think it makes a difference if a lower percent of the population is working because the economy is bad or because fewer people want/need a jog.
It certainly is important to look at for a variety of reasons, but it in no way is a good substitute for the unemployment rate.
Click to expand...

I believe it to be superior, and what is currently released to the public is part of the problem.
 
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