Typhoid, I was never claiming you invented the article or numbers, instead I wanted to see how valid the source was, and it turns out with good reason. Here is another quote from that article, which I found to be HILARIOUS
Quote:
Among the categories dropped from the labour force
survey, in addition to the discouraged, were the under-16
group, those on strike or locked out and those who weren't
actively looking for work in the four weeks prior to the
survey. But by far the largest group omitted from the list
of jobless in the U.S. are the working-age men who are out
of work because they are in prison or on parole.
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So we're not including those not looking for work (a.k.a. stay at home parents, homeless who don't want to work, and a few others), kids in school under 16, the "discouraged" (whatever the hell that means), PRISONERS and most likely those on disability?
GOOD. Now we can use a REAL unemployment number, meaning those that want and need work, instead of using numbers that would only inflate the reality of the situation. As for part time workers... they are still EMPLOYED and it wouldn' make any sense to say that they aren't. BTW, from what I've seen the rest of the world usues the same standards that we do when calculating this numer, so if we are at 11+% France and Germany must be at about 16-17%
And Jason1, could you explain to me what you consider a booming economy to be? Our unemployment IS LOW (sorry Typhoid it is), our stock market is still doing well even if it has evened out lately, our GNP continues to rise and our revenues to the government continue to increase even though taxes were cut. How is that not a booming economy? Most of these standards were met under Clinton and that is viewed as the end all of economies even though it was build on a false basis (internet companies).