[meyer]

This method of rigging the unemployment figures was brought to you by the Clinton administration. They used it, along with their special accounting "methods", to show a booming economy even when the job market/stock market started to slide. They are to blame for this whole damn mess, and if they hadn't been in office, my brother-in-law would still have a job.

I'm curious as to how it was done in the past when compared to how its done now. I wasn't aware that the methodology for determining the rate had changed.

[dandelion]

See post Post 49 - he's got a great link to a Dept of Labor page which explains the different levels... they were changed in October of 1995, I believe. Prior to that, they went by the "U6" reading, I think...