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Old 05-09-2009
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TropicCat TropicCat is offline
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The way I read what she means is that Until Clinton there was no "U3" number. that was invented for press releases.

I know they changed the system, but didn't think it was under Clinton. Actually, I thought this was changed during the Reagan Administration.

A better question to ask is why the Media uses the lower number. This clearly implies that fewer people are out of work. It's misleading. We could argue why the government publishes so many "numbers', but at least it's there if you look for it.

Windy, I'm not sure why you include U3 in your chart? The exercise is to compare with the '30's, right? U6 is the right number.
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