[bjs1779]

Government stats are fast becoming a joke from their inflation figures on down.

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.

[TCats]

My point made entirely! (See my posts this thread)

[NeoCaveman]

Those stats that show 12% unemployment and the like always crack me up.

I mean, there should be a lot of people living in cardboard boxes around here somewhere...

[Red6]

Oh, I see, “shadowstats.com” is more credible. Got it.

You will never achieve 0% unemployment because even when structural and cyclical (Which we face today a growth in) is negligible you still have frictional unemployment. A normal baseline of 4.5~5% is about as good as it gets, and even just six months ago it was inflationary pressure we were threatened by.

[Toddsterpatriot]

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Data extracted on: April 8, 2008 (4:19:17 PM)

Labor Force Statistics from the Current Population Survey

Series Id:           LNS12000000 Seasonal Adjusted Series title:        (Seas) Employment Level Labor force status:  Employed Type of data:        Number in thousands Age:                 16 years and over
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
1998	130726	130807	130814	131209	131325	131244	131329	131390	131986	131999	132280	132602
1999	133027	132856	132947	132955	133311	133378	133414	133591	133707	133993	134309	134523
2000	136559(1)	136598	136701	137270	136630	136940	136531	136662	136893	137088	137322	137614
2001	137778	137612	137783	137299	137092	136873	137071	136241	136846	136392	136238	136047
2002	135701	136438	136177	136126	136539	136415	136413	136705	137302	137008	136521	136426
2003	137417(1)	137482	137434	137633	137544	137790	137474	137549	137609	137984	138424	138411
2004	138463(1)	138529	138421	138674	138848	139174	139565	139585	139500	139756	140245	140138
2005	140224(1)	140354	140563	141244	141597	141708	142055	142457	142429	142613	142564	142778
2006	143086(1)	143362	143619	143791	144088	144369	144295	144671	144846	145395	145583	145949
2007	145915(1)	145888	146145	145713	145913	146087	146045	145753	146260	146016	146647	146211
2008	146248(1)	145993	145969
1 : Data affected by changes in population controls.

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Our population is over 300 million. Our real unemployment rate is over 50%!!!