Wednesday, September 09, 2009



True unemployment rate already at 20%
Posted Jul 06 2009, 01:16 PM by Anthony Mirhaydari

Not to scare you, but the situation is actually worse than it seems. Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn't work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month.

... other less conservative sources say 23% ...


# posted by intcoex : 9:24 PM




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