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View Diary: Have the Oligarchs Won? (31 comments)

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  •  what that's alluding to is... (3+ / 0-)
    Recommended by:
    3goldens, BrianParker14, blueoasis

    ...the fact that the official unemployment rate has been articificially lower due to the change in the way the numbers are calculated ever since the Reagan administration. The numbers would have been higher ever since following the formula before that.

    Most importantly, these numbers do not count people who are unemployed by are no longer receiving unemployment benefits or have given up looking.

    When the official unemployment numbers showed this country to be at what was called "full employment," there were still many people then who knew that was a joke...because we were not really at full employment.

    And then there are segments of the population where unemployment is always higher than the national average.

    You're correct, there were periods when unemployment did not seem as severe at other times. However, there were a lot more unemployed folks even at those times than was reflected in the official numbers.

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