I would love to see CBS report that the total percentage of Americans without work and those who are part-time employed but would like full time employment is 15.1%. âMarginally Attached Workersâ â¦. Such a sanitized and misleading description of someone whoâs needs work and is either so discouraged they quit looking or someone who succumbed to financial pressure and took a part-time job beneath their skill level or took any part time job they could find to at least put food on the table.
Probably the best take thus far on the BLS release - by Hussman. Note that he does not believe there is intent to mislead, but there is misleading nonetheless. http://hussmanfunds.com/wmc/wmc120206.htm
sure I'd love for them to report U6 too. then they'd also have to report that U6 peaked at 17% in 2009, was 16% through most of 2011, and is now 15%. in other words, they'd be reporting that we're in a recovery, to the shagrin of the perma-bears who think there's no recovery going on
IMO anyone who believes in govt numbers is either extremely naive and/or taking orders from a TBTF. especially in an election year.