October 9, 2014

TOM BLUMER: The Not-Credible Shrinking Unemployment Rate: Is the government deliberately misclassifying job seekers? “Even with minor changes, the unemployment rate can change significantly. If only two million of the record 92.6 million Americans classified as not in the labor force really should be considered workforce members and therefore unemployed under consistently applied rules, the official unemployment rate would be more than a full percentage point higher. . . . The sudden September 2012 unemployment rate drop from 8.1 percent to 7.8 percent was also highly suspect — and, coming just as early voting in that year’s presidential election began, quite convenient.”

Related: Denver Census Whistleblower: Unemployment Numbers Are Being Faked (Again).

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