And here is a better explanation of how the calculation process has changed over time and a graph to illustrate what the effect really is.
http://www.shadowstats.com/alternate_data/unemployment-charts
This is the Obamanation.
And note the divergence of the blue line (unadjusted BLS data) and the reported BLS data beginning in 2009.
Could not be clearer.
With due respect, I disagree that’s a “better” explanation. It is correct, but it is actually confusing the main issue.
The MAIN ISSUE here is the shrinkage of the “workforce participation.” It is THIS that allows a worsening economy to improve ‘statistically.” The seasonal adjustments, the U6, are correct - but distractions from the real issue - which is U3 is REALLY 11% (and U6 is close to 20) - if workforce participation had not been lied about.