Quote:
Originally Posted by Redux
The unemployment rate announced today is the "official" rate that has been used for years....the U3 rate.
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The U6 rate, which is reported as well, has never been the "official" rate, but for political reasons, those on the right want to start using that rate now. What a surprise.
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This bears repeating. While the U6 is more honest, the U3 is what they report and should be used to keep references apples to apples.
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If you would only recognize that life is hard, things would be so much easier for you.
- Louis D. Brandeis
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03-06-2010, 08:03 AM
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