Bono Gone Bonkers: Don't Look at U2; Look at U6

Monday, October 31, 2011 at 12:19AM
Stickman ED

Reading the Fine Print

 

How Bureau of Labor Statistics Calculates Unemployment: U1-U6

 

 

Here is magnified fine print of definitions of U1-U6; if you include people who have basically given up looking for a job the underemployment (read: Unemployment is really 16.5%)

 

 

Article originally appeared on Extraordinary Popular Delusions and the Madness of Crowds (http://extraordinarypopulardelusions.net/).