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Old 10-05-2012, 06:04 PM   #43
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Default Re: Unemployment Drops Below 8%, Conservatives Cry Conspiracy

Originally Posted by General
The U-6 umeployment rate ....
The U6 rate tells almost the same story as the U3 rate.

It was high when Obama took office, peaked in the spring of 2010 and is now back BELOW where Obama's first full month in office? How can I say its below? The answer to that is Obama's first full month in office is February 2009, not January. January 2009 happened to the worst single month for job losses in the crisis with 800,000 lost. Look what that single month did to numbers, the regular unemployment rate jumped from 7.8 to 8.3 in a single month. The U6 jumped from 14.2 to 15.1 in a single month.

You could argue that those numbers are not good enough and it's been too high for too long, but it's not dishonest to use the u3 rate. If you click and look at the charts I linked, the graph of the u6 and the u3 numbers are pretty much the same picture.

There's no dishonesty in using the u6 or the u3 numbers as long as you compare apples to apples and not do what Fox News did a few weeks ago, where there compared the Jan 2009 u3 rate to the current u6 rate.
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