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Post a Comment On: Doug Ross @ Journal

"Merrill Lynch Chart Kerplodes the Administration's 'Official' Unemployment Number"

4 Comments -

1 – 4 of 4
Anonymous Anonymous said...

Honestly, I do NOT understand the chart or the paragraph which precedes it. Help people like me who lack the necessary knowledge. Please, some extra commentary for us non-economists!

11:09 AM

Anonymous Anonymous said...

It means that there is a huge chunk of the populace that has left the workforce. They aren't "unemployed" any more because they've given up looking.

If you adjusted the unemployment rate to include these people (i.e. bring the orange and blue rates back together), unemployment would be revealed as over 10%. Which Obama can't have, so...

6:17 PM

Anonymous Anonymous said...

Another way to look at it is see how the two lines are relatively close together until Obama changed the formula to make the numbers look better.

So in theory, when nobody has a job and all have given up looking, there will be 0% unemployment.

4:39 AM

Anonymous Anonymous said...

Hey, Merrill Lynch, how about drawing a chart that people can read? Simple charts are not supposed to be brain teasers.

12:18 PM

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