Author Topic: A question about unemployment rates  (Read 751 times)

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Offline scoffer

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A question about unemployment rates
« on: October 16, 2008, 10:46:09 am »
I am hoping that someone can answer this question:

Our current unemployment rates have been compared to the unemployment rates of the great Depression, so how were the unemployment rates of the great Depression calculated if there was no unemployment insurance, and being that the method of calculation was obviously different than the current method of calculation is there any validity in comparing current unemployment rates with those of the great Depression??

Offline gEEk squad

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Re: A question about unemployment rates
« Reply #1 on: October 16, 2008, 10:49:17 am »


The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated "discouraged workers" defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.

http://shadowstats.com

I don't know how it'd be related to the Great Depression, however it is a more honest look at unemployment.