The media focuses only on U3, when U3 should be discounted entirely if U4 also goes up (discouraged workers.)
The truth is that U6 is the closest thing to the real picture of unemployment in the nation, but since that is around 18%, you’ll never see it get broadcast with a democratic president and a liberal media.
Nearly 1 in 5 is struggling hard to feed their families in America today. I can’t believe they aren’t blaming Obama, but that that, too, is being hidden.
Just a wild guess.
Oh, the media will use U4 - if the unemployment rate goes up and U4 goes down "It's a hopeful sign that more workers have reentered the workforce!"
"There are three kinds of lies: lies, damned lies and statistics." (Mark Twain wrote it, but attributed it to Benjamin Disraeli. Scholars contest the attribution.)
they are blaming Obama. Why do you think his approval is at 30% among white people? That’s basically liberals and hard core dems who will back him no matter what. Same as how W always had his hard core conservatives and Republicans.
Even among blacks he’s down to 80% and among hispanics close to 40%. For him those #s are awful.
His approval among whites is actually the same or lower than Bush’s was when he was at 30% overall, the difference is that Obama has the huge #s among blacks to push his overall # up that W for obvious reasons never had. The media will never tell you that, though, that his approval among whites is as low as any President in history.
And I agree with the u3/u6 but to be fair, when W was in office, you saw Republicans focusing on the u3 in the same way.