They Lie!!!

November 2, 2012 in Uncategorized

Alternate Unemployment Chart

The attached unemployment chart is  from  John Williams’s Shadow Government Statistics web site.

John Williams was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.

 You can view this chart in its entirety at:

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

You should notice that the  Blue  seasonally-adjusted SGS Alternate Unemployment Rate curve or trend  diverts (Goes in the opposite direction) from  previous administration’s unemployment data.

This suggests that the Barack Hussein Administration is somehow “cooking the books”.