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  • The Real Unemployment Rate? It Sure Isn’t 8.3%

    03/09/2012 3:34:12 PM PST · by lbryce · 5 replies
    Blog.American ^ | March 9, 2012 | Enterprise Blog
    Even if it were a legit number, the 8.3% February unemployment rate, released today by the Labor Department, would be simply terrible—and unacceptable. It would still extend the longest streak of 8%-plus unemployment since the Great Depression. The U.S. economy hasn’t been below 8% unemployment since Obama took office in January 2009. And back in May 2007, unemployment was just 4.4%. But, unfortunately, the true measure of U.S. unemployment is much, much worse. 1. If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took...