Jess Bachman of Wallstats.com, creator of the well-known Death and Taxes poster, has turned his eye to the U.S. government’s unemployment statistics. Back in January he published a flowchart clarifying how the government determines who is officially Unemployed and who is merely overlooked. (Here’s how that determination is described verbally by the Bureau of Labor Statistics.)
What’s more, the official numbers have gone up since January. As of the end of June, the official figure is 9.5 percent. Has the Obama administration come up with a new tally to include all the undercounted (I hope)? Or are things just going to hell in a handbasket (I fear)?
Click here to see the whole thing. Nice work, Jess.