By InfoMetrics
Recently, the U.S. unemployment figures have come under question
by many respected economists and analysts, as well as many interested
observers. While the state of the economy is fairly stagnant with most major
indicators flat or negative, surprisingly, the unemployment numbers are
inexplicably trending downward.
The questioning of the BLS’s reports and data are nothing new, but of late
are being scrutinized more and more. The BLS has a long history of revising
labor and employment data over and over again. In fact, in the last year often
making double revisions on one data-set. While there are many who claim that
the BLS is absolutely “independent” of its administrations (Republican or Democrat)
what has come to light in the past 3 years suggests something otherwise.
Our Findings:
in addition to the monthly unemployment reports manipulating the
LFPR (Labor Force Participation Rate) and discounting the un-attached
workers, there is…
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