Framing the Dialogue

Posts Tagged ‘u6’

U6

As I was doing some research on unemployment numbers I came across a gem of a news story.  This economist was disparaging the President about his U6 unemployment numbers,

“U6, the broadest measure of unemployment and underemployment from the Bureau of Labor Statistics. (No data available before 1994.) You can still argue that presidents really don’t have that much influence on the economy. But…supporters eagerly claimed that downward stretch…coinciding with the worst excesses of the housing bubble.”

Not So Great Expectations

Many of us have been affected by the economic downturn of the last few years.  I had been unemployed for about half of the year in 2010 and had been paying fairly close attention to jobless numbers and the spin with which officials and media put on the numbers.  Officials use interesting and in my mind deceptive tactics (allegedly) to report the bad news in a more positive light.