posted on Jun, 5 2013 @ 09:46 AM
reply to post by BobM88
Oh, on the numbers? U-3 is the middle of the range and what the media universally reports. Nothing wrong with that....since they have to pick one of
them and it's nice that they all do at least use the same one to prevent confusion. It goes from U-1 to U-6 though.
Alternative measures of labor underutilization
That page also gives a good explanation for what each level of the number scale is and includes. The higher up the scale, the more comprehensive and
accurate the number produced for a % of those in bad shape.
This was odd to see, actually. The Alternative measures, near as I can see, came into use under Obama. It's odd because producing them and displaying
them don't help his case one bit. They hurt, if anything. So, I guess the impression of omnipotence over all data for political gain is overblown. I
can't see that chart existing on a Federal site otherwise...and I've been referring to it since last year for data, so it's not brand new.
Unemployment also seems to vary quite a bit by locality. In Marion county, for instance, you had an 8.7% average last year. Bad...but not the worst.
In Vigo County (Terra Haute), it was an even 10% while a couple others showed 11%. (All U-3 numbers on that chart)
BLS - County by County / 2012 Unemployment Averages
Then again, you have virtual employment disaster zones like Imperial County, California with 28% for the same period (
) and 27% for Yuma
County, Arizona. Places like Puerto Rico? Well.....Obviously, not everywhere is equal in these trying times.