Well, President Trump, in announcing the unemployment rates for May, did something that wasn’t beneficial to American workers and indeed, the nation.
Mr. Trump lied, as he didn’t give the nation and working class Americans, a comprehensive picture of the nation’s unemployment situation.
The Trump administration, is low balling the unemployment numbers, by using the category of U-3 based on the Alternative Measurements of Unemployment the majority of economists, knowledgeable and experienced people, who follow these numbers see the U-6 category, as being the “real unemployment rate” of the U.S.
In an article, titled, “BLS Introduces New Range of Alternative Unemployment Measures,” which appeared in its October, 1995 edition, by John E. Bregger, a retired Assistant Commissioner for Current Employment Analysis and Steven E. Haugen, an economist, at the time, in the Division of Labor Force Statistics, Bureau of Labor Statistics, they state, on page 24, “ (U-6) is the most comprehensive of the new range of alternative measures,…” of the rate of U.S. unemployment Mr. Trump ignores the experts, and uses U-3, as his official unemployment rate.
2) When you click the link above, leading to the chart of the categories, you see there is a radical difference between the Trump administration’s official rate of U-3; 13.3% unemployment and the more comprehensive rate recommended by the experts.
