tag:blogger.com,1999:blog-2761684730989137546.post6188344279621888053..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Yves Smith — Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-43205558241425515742018-05-16T11:00:06.373-04:002018-05-16T11:00:06.373-04:00Even the BLS's own alternative number (U-6) - ...Even the BLS's own alternative number (U-6) - based on the same bullshit data and restrictive definitions - is more than double that. Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21209025867042190862018-05-15T18:18:48.677-04:002018-05-15T18:18:48.677-04:00“Unemployment is below 4 percent!”
Really? What d...“Unemployment is below 4 percent!”<br /><br />Really? What do you mean by “employment”? <br /><br />It seems to me that much of the controversy about official “employment” figures arises from a failure to clearly define “employment.”<br /><br />If “employment” includes working two hours a day for less than the federal minimum wage, or includes living in a tent while hustling to scrounge a few pennies each day, then yes, unemployment is probably low.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.com