Re:The First Time America Freaked Out Over Automation
by ThomPete on Wednesday May 31, 2017 @06:36AM
(#14451481)
Yeah but which one they focus on matters. They focused on U3 rather than U6.
I will see if I can find a more official source than this:
http://www.washingtontimes.com/news/2015/feb/10/donald-lambr...
Re:The First Time America Freaked Out Over Automation
by jml7c5 on Thursday June 01, 2017 @02:35PM
(#14463101)
That's a (valid) critique of using U3 instead of U6. But the US government has been using U3 as the "official" unemployment since at least 1994.
You asserted that "they [the Obama and Bush administrations?] even had to expand the definition of what constitutes a job," which is not supported by that article.
I have had this debate before, and I have yet to find any evidence for the claim.
Re:The First Time America Freaked Out Over Automation
by ThomPete on Thursday June 01, 2017 @08:07PM
(#14466262)
http://www.washingtontimes.com/news/2015/feb/10/donald-lambr...
They changed the U3 focus under Bush I will see if I can find the article about it I read way back.
Can you cite a source for this? The Bureau of Labor Statistics etc. has been using the same U1-U6 unemployment metrics for decades.