07 April 2009

Measuring Unemployment FOR REAL THIS TIME

Ok, if you've been scared about rising unemployment, here's a little tidbit that should frighten you even more. While I was aware that the reported unemployment rate is a fabricated, political version to keep numbers looking a lot better than they are, I was unaware of just how OFF this number is. Like, it's 50% WRONG, which puts current unemployment higher than unemployment at this stage following the onset of the Great Depression. Well done. Well. Done. You can read all about it by clicking here. They've put it together in a lovely flow chart (Sarah, this one's for you).


Kyle Taylor


Sarah said...

MAN, I have been trying to figure out how to flowchart that statistic ever since i took intro to macro.

Kyle Taylor said...

I miss you!