Quotulatiousness

May 18, 2017

You Can’t Trust Employment Statistics

Filed under: Economics — Tags: , , — Nicholas @ 05:00

Published on 17 May 2017

There is no truly good way to measure unemployment, which makes it pretty easy for successive administrations to claim that unemployment is consistently improving. But when we do our level best to include all of the unemployed in the numbers, what we learn is that unemployment levels now are higher than they were at the beginning of the Great Recession. That’s the bad news. The good news is that things actually have been getting better over time. In this week’s episode, James and Antony take a look at the actual unemployment numbers to get to the bottom of what they really mean.

Get the facts here:
https://fee.org/articles/you-cant-trust-unemployment-statistics/

Related posts:

  1. What’s the real US unemployment rate?
  2. QotD: People trust Wikipedia “Because An Argument Is Better Than A Lecture”
  3. Even the Chinese statistics office couldn’t accept these numbers
  4. Statistics can tell a lot . . . but not always truthfully
  5. New economic ideas on employment and stimulus

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