Concepts create idols; only wonder grasps anything. - St Gregory of Nyssa

Thursday, February 7, 2013

Defined out of existence

Courtesy of

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.

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